Episode 24- Easing Decentralized exchange
Written by kanth on December 2, 2017
ABOUT THE GUEST
Today we’re joined by Alex Wearn, CEO of Aurora Labs. Alex is an expert at leading teams in the design and delivery of software products. He has managed a wide range of operations, marketing, and sales analytics products for Amazon, Adobe, and IBM, and most recently led a product management team in re-platforming their application to operate on a private Ethereum blockchain (project still in stealth mode).
Aurora recently launched IDEX, a new high-performance decentralized exchange for trading Ethereum (ERC-20) tokens. IDEX provides traders with both smart contract security and a real-time trading experience, eliminating the usability issues currently associated with Ethereum-based decentralized exchanges. With IDEX, traders can trade back and forth instantly, place multiple orders at once, and cancel orders without gas costs.
IDEX is the first in a suite of products from Aurora Labs, a startup working to build a fully decentralized banking and investment platform. IDEX will be leveraged to bootstrap distribution and usage of the boreal—Aurora’s price-stable cryptocurrency (stablecoin). Backed by a combination of cryptocurrency reserves and debt, boreals are accepted at their target value as payment for IDEX trading fees, and eventually by other partner services within the growing dapp economy. As boreal usage grows, Aurora will begin to issue loans in the currency through the first cryptobank, Decentralized Capital.
Aurora Labs is holding a membership token sale on December 11th, offering 1600 DVIP tokens to fund further development of the platform. Each DVIP entitles the member to free trades on IDEX until 2020, as well as 50k AURA, the network token of the fully-decentralized version of the platform. Stakers of the AURA token will be rewarded with transaction fees for their role in securing the network.
For more information:
Membership Sale: https://auroradao.com/membership-sale/