Projects listed: 276 |
BTC Dominance: 49.11% | Volume (24h): $32,932,783,967 | Market Cap: $2,451,134,911,347
Aura Finance
AURA
$0.70
Sector
Defi
Exchange Debut
2022-06-15
Market Cap
34,636,853
Maxim Supply
100,000,000
Circulating Supply
49,464,190
Circ. Supply(%)
49.46%
Aura Finance
AURA
Price
$0.70
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
64327
0.700217922103
0.613537385373
Change 24h
Change 7d
Change 30d
12.7883
-1.6219
-25.5982
Maxim supply
Circulating supply
Circulating supply(%)
100,000,000
49,464,190
49.46%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Aura Finance cryptocurrency:
Aura Finance, a protocol built atop the Balancer system, aims to offer significant incentives to Balancer liquidity providers and BAL stakers. The fundamental analysis of the Aura Finance cryptocurrency suggests that while there are areas of promise such as security measures and audit results, the project seems to fall short in several key aspects. The cumulative result of this analysis results in an overall score of 3.42 out of 10.
SOCIAL & MASS MEDIA: Score 4.9 out of 10
The Aura Finance project demonstrates mixed results in the realm of social and media presence. Its community activity on social media pages scored an impressive 10 out of 10, indicating a robust, engaged user base. However, its ability to attract followers and the size of communities on chat groups garnered a lower score of 3 out of 10. This suggests that while the existing community is active, it might not be expanding at a desirable rate.
AUDIT & SECURITY: Score 7.65 out of 10
Aura Finance shows strong potential in the realm of audit and security, scoring a commendable 7.65 out of 10. The audit results returned a score of 9 out of 10, suggesting a robust and secure platform. However, the transparency of information available to the public was a weak spot, scoring only 3 out of 10, which suggests a need for improvements in this area.
TOKENOMICS: Score 4 out of 10
The tokenomics of Aura Finance, according to the fundamental analysis of the Aura Finance cryptocurrency, leave room for improvement. The inflation rate of the project and the centralization of the monetary mass both scored below average, indicating potential long-term sustainability issues.
ECOSYSTEM DEVELOPMENT: Score 2.7 out of 10
Despite its innovative concept, the project’s ecosystem development score stands at a low 2.7 out of 10. This score suggests that the project may be facing significant challenges in meeting objectives and planning new developments. Improvement in this area could potentially enhance the project’s sustainability and growth.
TEAM & DEVELOPERS: Score 1.4 out of 10
In terms of team experience and number of software developers, Aura Finance scored a meager 1.4 out of 10. This low score raises questions about the team’s ability to handle challenges and drive the project forward.
PRODUCT & UTILITY: Score 2.2 out of 10
The utility of the product and its tokens within the ecosystem scored 2.2 out of 10. This low score suggests a lack of practical utility for its product and tokens, which is crucial for the project’s adoption and success.
PARTNERS & INVESTORS: Score 2 out of 10
The fundamental analysis of the Aura Finance cryptocurrency revealed a low score of 2 out of 10 in terms of partners and investors, suggesting limited external support for the project. This could potentially affect the project’s financial stability and growth.
Fundamental analysis of the Aura Finance cryptocurrency – The final conclusion
In conclusion, Aura Finance exhibits a mixed picture. Its strengths lie in its audit and security measures, as well as an engaged social media community. However, weak areas include team experience, ecosystem development, and utility of the product, all of which could potentially hamper its long-term success. The overall low score from this fundamental analysis of the Aura Finance cryptocurrency indicates a high risk for potential investors, and highlights the necessity for significant improvements in various sectors of the project for it to be a viable investment opportunity. The project might benefit from enhanced transparency, strategic partnerships, and an expansion in the team’s expertise. Future investors are advised to closely monitor these aspects.
An Overview of Aura Finance
Aura Finance is a decentralized and community-governed protocol, built on the Balancer system, to maximise incentives for liquidity providers and BAL stakeholders. It aggregates BAL deposits socially, employs Aura’s native token, and introduces a tokenized wrapper token called auraBAL.
The Role of AuraBAL
For BAL stakeholders, Aura facilitates the transition to veBAL using auraBAL. The latter represents the 80/20 BPT locked for maximum time in VotingEscrow, promising BAL stakers rewards from both the Balancer and Aura systems, in addition to AURA. Interestingly, auraBAL can be traded back to BAL whenever desired.
Governance and Incentive Mechanism
Aura’s protocol governance is directed by token holders through Aura Vote Locking. Governance areas cover internal proposals like fee rates setting, Aura treasury, Balancer Snapshot and Gauge voting. To promote full-fledged chain governance, vote delegation on Vote Locked Aura contract is implemented, although a safer mode for governance decisions will be adopted until Aura voter base matures and the on-chain governance contracts are audited.
The Utility of AURA
The AURA coin functions as both a governance tool and an incentive within the ecosystem. Locked AURA coins confer governance powers in the system and enable holders to vote on internal proposals and the protocol-owned veBAL voting power.
- Latest analysis update: June 15, 2023
Aura Finance - AURA performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
