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Author Topic: 🔵 [ANN][ICO] SALE LIVE! Aurora IDEX 🔥 Instant Ethereum Decentralized Exchange 🔵  (Read 8560 times)
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September 28, 2017, 08:12:42 PM
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Web | Token Sale | IDEX Exchange | Whitepaper | Telegram | Medium | Reddit | Twitter | Newsletter


The only Ethereum decentralized exchange with real-time trading and
high transaction throughput.


Start trading immediately on IDEX!




IDEX is a decentralized exchange that provides instant order placement and execution,
 free order cancellation, and real-time order book updates
.


Introduction

Aurora IDEX provides a trustless, real-time, high-throughput trading experience in conjunction with blockchain based settlement. By centrally managing trade matching and Ethereum transaction dispatch, IDEX enables users to trade continuously without waiting for transactions to mine, fill multiple orders at once, and cancel orders immediately without any gas costs.


The Problem and Comparison

On current decentralized exchanges, such as Ethderdelta, 0x and Oasis, the security benefits of decentralization come at the cost of user experience. Trade speeds are limited by block times and order books update slowly and are often out of sync with the interface. Trades are not matched automatically, forcing users to manually select trades and opening them up to substantial user error. Filling multiple orders, or market orders, is impossible, and canceling or even placing limit orders costs gas. In giving up the ability to manage user’s cryptocurrency, these exchanges also abdicate control of the user experience.




Our Unique Solution

All of these issues arise from the fact that market takers are responsible for broadcasting the completed transaction to the blockchain.

IDEX takes a different approach. By controlling the transaction sequence, IDEX provides the speed and user experience of a centralized exchange combined with the security and auditability of a decentralized exchange.



IDEX consists of a smart contract, a trading engine, and a transaction processing arbiter. The smart contract is responsible for trustlessly storing all assets and executing trade settlement, and all trades must be authorized by the user’s private keys.

Unlike other decentralized exchanges, the IDEX smart contract is designed such that only the exchange is authorized to submit signed trades to Ethereum. This enables IDEX to control the order in which transactions are processed, separating the act of trading from final settlement. As users trade their exchange balances update in real-time, while their private keys are simultaneously used to authorize the trade in the contract. This authorization prevents users from rescinding any completed trades and prevents IDEX from initiating any unauthorized trades.

Authorized transactions are then passed to the arbiter which manages the queue of pending transactions. The arbiter dispatches them in sequence ensuring that each trade is mined in the correct order and that the smart contract balances stay in sync with the exchange balances.


Exchange Protocol: Snowglobe

IDEX is the first iteration of a decentralized exchange using the state hop approach to achieve real time trades. After launch on the mainnet, IDEX will be upgraded to operate on the Snowglobe decentralized exchange protocol. Snowglobe is a protocol for high-performance, EVM-compatible, decentralized childchain exchanges. Snowglobe allows for all exchanges on the network to share liquidity in one orderbook while maintaining their high-performance characteristics. Snowglobe consists of five main components working together:

  • Snowglobe childchain blockchain
  • Snowglobe Ethereum contract
  • Distributed off-chain orderbook
  • Local transaction arbiter(s)
  • Global transaction arbiter

The integrity of Snowglobe will be enforced by a network of operators. Security is ensured through a deposit in AURA, the staking-currency of the protocol, which ties platform security to the economic interests of those running it.


Aurora

IDEX and Snowglobe are the early products of the Aurora DAO, a suite of DAPPs and protocols that make up a fully decentralized banking and financial network. The components of Aurora support the boreal, a decentralized stablecoin, and together enable global banking in the new currency. Revenue from the various components of Aurora will be used both to expand boreal banking and to provide economic incentives that ensure the Snowglobe protocol is faithfully executed. More information about Aurora, including the whitepaper, can be found here.


The team



Roadmap



October 2017
  • IDEX launch on the mainnet. Semi-decentralized architecture consists of Ethereum smart contract plus central trading engine and transaction arbiter.
  • API integration. Opening the platform via API access will enable the development of trading bots, increasing liquidity and improving market efficiency.
December 11th 2017
  • Token sale for DVIP starts. DVIP will give discounted fees immediately.
  • A few weeks (or earlier) after the IDEX mainnet launch, Aurora (AURA) will become available and DVIP memberships will be redeemable for both AURA and a new membership.
Q4 2017 - Boreals go live with market making to stabilize the price
Q3 2018 - Deploy Snowglobe childchain architecture, allowing IDEX to increase transaction throughput.
Q4 2018 - Decentralization of the orderbook and transaction arbiter. This completes the transition of the current IDEX product to a decentralized childchain exchange.
Q1 2019 - Margin trading support. Including this functionality in the protocol will put the UX on par with existing centralized exchanges.
TBD - Once sharding is production ready we will launch the Snowglobe MVP, other exchanges are now able to build on the protocol.
TBD - Fully decentralized Aurora mvp with Decentralized Capital boreal loans.

The protocol will continue to evolve and incorporate new blockchain developments, for example zk-snarks or other privacy systems that enable private trades. These improvements are heavily dependent on further development of the Ethereum network.

Our Tokens

Aurora has two tokens: the network utility token (AURA) and the membership token (DVIP).

Aurora Token (AURA)

Similar to other blockchain networks, Snowglobe requires a well-designed incentive structure to ensure that the integrity of the order book and transaction sequence are not compromised. Aurora has its own native network token, AURA, that aligns the interests of Aurora and the Snowglobe operators. All of the revenue from Aurora is used to compensate those who stake their AURA and provide security for the Snowglobe network. AURA staking links the economic interests of the operators with the health of the network, and makes it extremely costly for any would be attacker to disrupt operations.

In addition to acquiring AURA during our membership token sale, Aurora tokens can be earned through our Market Making program. Please see below for more information, or reference our whitepaper for complete details.

AURA Details
Supply: 1,000,000,000 AURA

50% will be used to help accelerate adoption of the Aurora network. Of the total amount of AURA tokens, 40% will be used to help subsidize the growth of Aurora by distributing AURA to users and community members through programs such as market maker rewards, marketing campaigns, and air drops. The remaining 10% will be given out proportionally to individuals who purchase IDEX memberships.



The remaining 50% of AURA will be used as follows:

  • 20% founding team
  • 10% future employee token pool
  • 10% future use
  • 5% initial investors
  • 5% businesses expenses

Market Making Rewards on IDEX
20% of the total AURA token supply will be initially dedicated to the Market Maker rewards program, the first of our community distribution initiatives. AURA in the program will be granted at a rate of 1% of the total remaining Market Maker rewards AURA per month, i.e. 0.2% of the total AURA supply, or 2 million AURA, will be distributed in the first month. This program will extend through at least the end of 2019. Market makers who place and execute limit orders on any IDEX market will receive AURA token grants proportional to the fees spent on their limit orders.

The earned amounts can be augmented by up to 2x by owning membership tokens (DVIP, see below).

DVIP Token

DVIP is the token for sale during our token sale. A total of 2000 DVIP will ever be created and we are selling 1600 DVIP in our token sale. The remaining tokens have been reserved for marketing efforts or have been previously sold during our presale.

DVIP is a membership token that provides 3 main benefits:
  • Free or discounted trades on IDEX through 2019
  • Up to 2x Market Making rewards multiple on IDEX through 2019 or for as long as the Market Making program runs, whichever is longer.
  • DVIP is redeemable for Aurora tokens (AURA) in the future. DVIP is redeemable at a rate of 50,000 AURA per 1 DVIP.

DVIP Membership Benefits on IDEX
Users with DVIP memberships are able to chose from the following IDEX benefits:
  • Free trades on IDEX and no market making rewards (rewards are based on fees paid). Note users must still pay Ethereum network (gas) fees.
  • Full trade fees on IDEX and 2x Market Making rewards
  • A proportional mix of both. The higher the fees paid, the higher the Market Making rewards, and vice versa.

Membership benefits are a function of both the amount of DVIP held by the member and the choice of rewards.  Membership benefits do not increase for holdings above one full membership (1 DVIP), and amounts less than 1 DVIP will generate reduced benefits proportional to the amount of DVIP held.

For a complete breakdown of the benefits of DVIP membership, please visit the whitepaper.


Token Sale

Aurora IDEX is selling DVIP tokens during our token sale.

Important! Due to last minute preparations, we’re pushing our token sale from Monday December 4th 4pm UTC to Monday December 11th 4pm UTC. This is to help ensure the token sale goes off smoothly, and does not impact any other project timeline. We apologize for the inconvenience, and feel free to reach out if you have any questions.

Start date: December 11th, 2017 at 4pm UTC
End date: January 11th, 2018 at 4pm UTC
Price: $3000 USD per DVIP, equivalent in ETH (price updated dynamically)
Accepted currencies: ETH


Token Details
Total Supply: 2000 DVIP
Token sale total: 1600 DVIP
Marketing: 30 DVIP
Bounty: 50 DVIP
Bug Bounty: 20 DVIP
Previously sold during our presale: 300 DVIP

Distribution details
DVIP tokens will be issued on the Ethereum platform as an ERC20 smart contract token. DVIP memberships will be distributed immediately upon purchase through our Ethereum smart contract. Within 2 weeks from the start of the sale, DVIP holders will be able to send their DVIP to the contract and get back AURA plus a new membership token. The DVIP sent will be burned by the contract after the conversion. The benefits of the new membership token are the same as DVIP minus being redeemable for AURA.

Funds distribution




▰       IDEX       ▰       Ethereum’s First High-Performance Decentralized Exchange
▨ ▬▬▬▬▬   State Channel Speed with On-Chain Settlement   ▬▬▬▬▬ ▨
JOIN THE TOKEN SALE   ▨   START TRADING INSTANTLY   ▨   BOUNTY   ▨   TELEGRAM
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September 28, 2017, 08:13:42 PM
 #2

IDEX Bounty

Aurora IDEX has reserved up to ~3% of our token sale (2,500,000 AURA/50 DVIP) for use in our bounty.

See Full Bounty Details Here


▰       IDEX       ▰       Ethereum’s First High-Performance Decentralized Exchange
▨ ▬▬▬▬▬   State Channel Speed with On-Chain Settlement   ▬▬▬▬▬ ▨
JOIN THE TOKEN SALE   ▨   START TRADING INSTANTLY   ▨   BOUNTY   ▨   TELEGRAM
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September 28, 2017, 08:15:10 PM
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Reserved 2

▰       IDEX       ▰       Ethereum’s First High-Performance Decentralized Exchange
▨ ▬▬▬▬▬   State Channel Speed with On-Chain Settlement   ▬▬▬▬▬ ▨
JOIN THE TOKEN SALE   ▨   START TRADING INSTANTLY   ▨   BOUNTY   ▨   TELEGRAM
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September 28, 2017, 08:20:49 PM
 #4

I really like this comparison table IDEX vs. other exchanges

interesting project, bookmarking

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September 28, 2017, 08:21:58 PM
 #5

wow this is marketplace more better from etherdelta, we can trade without filled out form registration
i am visit your website but all currency showing up N/A whether your website not yet launch ?
if you open bounty campaign please tell me  Cheesy

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AuroraDao
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September 28, 2017, 08:25:17 PM
 #6

wow this is marketplace more better from etherdelta, we can trade without filled out form registration
i am visit your website but all currency showing up N/A whether your website not yet launch ?
if you open bounty campaign please tell me  Cheesy

Thanks! We've put a lot of work into this over the last 9 months  Cool The reason everything says N/A is there is no trade data yet, once trades start happening it will fill in with info. The only bounty we are doing is a bug bounty, but you can get AUR tokens by placing limit orders that get filled.


▰       IDEX       ▰       Ethereum’s First High-Performance Decentralized Exchange
▨ ▬▬▬▬▬   State Channel Speed with On-Chain Settlement   ▬▬▬▬▬ ▨
JOIN THE TOKEN SALE   ▨   START TRADING INSTANTLY   ▨   BOUNTY   ▨   TELEGRAM
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September 28, 2017, 08:26:00 PM
 #7

Good. Another stock exchange will be more. As they say, more exchanges are good and different.

POPULTRADE - Create, join, or invest in any business
ICO
❘|❘ ANNOUNCEMENT
Crowdsale starts 11. December
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September 28, 2017, 08:27:54 PM
 #8

Good. Another stock exchange will be more. As they say, more exchanges are good and different.

Thanks! Be sure to check out the Aurora site and whitepaper, this is much more than a high performance exchange.

▰       IDEX       ▰       Ethereum’s First High-Performance Decentralized Exchange
▨ ▬▬▬▬▬   State Channel Speed with On-Chain Settlement   ▬▬▬▬▬ ▨
JOIN THE TOKEN SALE   ▨   START TRADING INSTANTLY   ▨   BOUNTY   ▨   TELEGRAM
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September 28, 2017, 08:30:50 PM
 #9

Is this project similar to EtherDelta? What will be the differences of the project? Did he need some external artifice "MetaMask"?

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September 28, 2017, 08:35:18 PM
 #10

There is glitch to save the private key after creating the wallet on exchange it doesn't allow to copy. I'm using Firefox but in Chrome it working smoothly you should fix that bug. UI is simple and very cool I like this combination.

 
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September 28, 2017, 08:38:00 PM
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Is this project similar to EtherDelta? What will be the differences of the project? Did he need some external artifice "MetaMask"?

Both IDEX and EtherDelta are trustless ethereum exchanges, beyond that they differ quite a bit. We provide real time trading and can process anywhere from 20 to 50 trades per second depending on the network, we then fire off the trades to be mined in the correct order. Check out the video up top to see a demo in action and look at the comparison table and the IDEX whitepaper to get a really thorough understanding of the differences.

We support Ledger, Metamask and your private key encrypted in the browser memory.

▰       IDEX       ▰       Ethereum’s First High-Performance Decentralized Exchange
▨ ▬▬▬▬▬   State Channel Speed with On-Chain Settlement   ▬▬▬▬▬ ▨
JOIN THE TOKEN SALE   ▨   START TRADING INSTANTLY   ▨   BOUNTY   ▨   TELEGRAM
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September 28, 2017, 08:39:31 PM
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There is glitch to save the private key after creating the wallet on exchange it doesn't allow to copy. I'm using Firefox but in Chrome it working smoothly you should fix that bug. UI is simple and very cool I like this combination.

Thanks for that info! We'll get right on it. Most of our testing has been in chrome so that is where the best user experience is at the moment. Thanks for the kind words about the UI! We tried to keep with what people know and like.

▰       IDEX       ▰       Ethereum’s First High-Performance Decentralized Exchange
▨ ▬▬▬▬▬   State Channel Speed with On-Chain Settlement   ▬▬▬▬▬ ▨
JOIN THE TOKEN SALE   ▨   START TRADING INSTANTLY   ▨   BOUNTY   ▨   TELEGRAM
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September 28, 2017, 08:42:43 PM
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Hi everyone, my name's Brian and I'll be the acting community manager for IDEX and Aurora. Feel free to contact me or AuroraDAO with questions regarding the project or to share your comments. We're in this project for the very long haul, so don't be afraid to reach out. In the meantime, please reference the information in this thread, our exchange at https://idex.market, and our Aurora website at https://auroradao.com .

Best regards,
Brian

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September 28, 2017, 08:43:37 PM
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Hi everyone, my name's Brian and I'll be the acting community manager for IDEX and Aurora. Feel free to contact me or AuroraDAO with questions regarding the project or to share your comments. We're in this project for the very long haul, so don't be afraid to reach out. In the meantime, please reference the information in this thread, our exchange at https://idex.market, and our Aurora website at https://auroradao.com .

Best regards,
Brian

Just chiming in to confirm that Brian is our community manager and we look forward to working together to answer all of your questions.

▰       IDEX       ▰       Ethereum’s First High-Performance Decentralized Exchange
▨ ▬▬▬▬▬   State Channel Speed with On-Chain Settlement   ▬▬▬▬▬ ▨
JOIN THE TOKEN SALE   ▨   START TRADING INSTANTLY   ▨   BOUNTY   ▨   TELEGRAM
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September 28, 2017, 09:21:01 PM
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https://coinmarketcap.com/currencies/auroracoin/

seriously, do your fucking research and choose another name before launching a product.

 Roll Eyes
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September 28, 2017, 09:33:56 PM
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https://coinmarketcap.com/currencies/auroracoin/

seriously, do your fucking research and choose another name before launching a product.

 Roll Eyes

Hi and thanks for the comment. You're right that this currency symbol does exist, but as a team we felt the projects were different enough that we will not be competing. The daily volume of that coin is very low and dropping as well. We believe that over time token symbols will come in and out of usage in the crypto space.

Best Regards,
Brian

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September 28, 2017, 11:54:06 PM
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Really interesting project, I'll keep an eye out. I think I see the difference between this and Etherdelta, not really sure why this isn't getting more attention. Exchange looks fast but doesn't look like there's any volume? I guess that makes sense if you just launched. So if I buy some dvip tokens I get discounts on your fees but how exactly does that work?
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September 28, 2017, 11:57:29 PM
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I will watch over you. Etherdelta is not very convenient to exchange. If you do as written, it's fine.
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September 28, 2017, 11:58:34 PM
 #19

Quote
Price: $3000 USD per DVIP, equivalent in ETH (price updated dynamically)

that is so expensive ..why you are guys just create less than 10K dvip?

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September 29, 2017, 12:11:02 AM
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Really interesting project, I'll keep an eye out. I think I see the difference between this and Etherdelta, not really sure why this isn't getting more attention. Exchange looks fast but doesn't look like there's any volume? I guess that makes sense if you just launched. So if I buy some dvip tokens I get discounts on your fees but how exactly does that work?

Thanks for the interest Hodl! We just launched a few hours ago, no traction yet, we've got to get the word out first  Cool

If you hold DVIP all you have to do is let it sit in your wallet (not deposit it into the exchange contract) and the benefits work their magic. We have a nice benefits section on the UI that lets you customize the exact benefits you want. Along with getting IDEX benefits you will also be able to able to get AUR tokens from the membership at a rate of 50k AUR per full DVIP. AUR is the staking currency that will be used to provide economic incentives for staking the network when it is fully decentralized. AUR stakers will get paid Aurora fees proportional to their AUR stakings in return for helping run the network.

▰       IDEX       ▰       Ethereum’s First High-Performance Decentralized Exchange
▨ ▬▬▬▬▬   State Channel Speed with On-Chain Settlement   ▬▬▬▬▬ ▨
JOIN THE TOKEN SALE   ▨   START TRADING INSTANTLY   ▨   BOUNTY   ▨   TELEGRAM
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