with love for you
W h i t e p a p e r Last update 03.03.2021
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“I believe that Aurix solutions can bring to the crypto industry the simplicity that it is currently lacking. I want to create the best platform
with the state-of-the-art technology, and build it with love for the users.”
Majed Mohsen Chief Executive Officer and Founder
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Executive Summary
Aurix 5
Aurix was founded in 2016 by Majed Mohsen - a computer engineer with great experience in trading and coding.
He has a strong relevant background and several successful tech startups behind - Majed developed various solutions for different industries from e-commerce to consumer electronics.
In other words, Aurix is built by professionals and with great care for you.
FAST TRADING, DEFI CASHBACKS, TOP- NOTCH APPLICATIONS, AND CONVENIENT WEB PLUG-INS - IT IS ALL ABOUT AURIX.
OUR MISSION IS TO MAKE THE WORLD OF THE CRYPTOCURRENCIES MORE
TRANSPARENT AND USER-FRIENDLY, SO ANYONE COULD ENTER IT.
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To achieve this goal, we provide people with easy access to their crypto funds, exchange options, and many more convenient tech solutions.
This way, we are contributing to the global transition to the cryptocurrencies and enhance the replacement of the traditional banking system with decentralized finance.
OUR VISION IS THAT CRYPTOCURRENCIES SHOULD BE SEAMLESSLY IMPLEMENTED IN THE USUAL LIFE.
To make this vision come to life, we do our best to redefine how crypto money is being moved, spent, and invested. We developed the high-tech solutions that allow people and organizations to use cryptocurrencies as easily as they use fiat. Thus, we hope to attract more newcomers and encourage them to switch to more simple and useful crypto financial services.
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We have an exchange where users can trade cryptocurrencies.
It supports many of the most commonly traded cryptocurrencies such as BTC, ETH, and BCH, and offers high liquidity.
Also, Aurix offers the Visa/Mastercard Card with DeFi cashback
That allows cardholders to casually pay with crypto anywhere and anytime. Moreover, the card does not have annual fees.
Solution for e-commerce and other businesses
Last but not least, we have a special solution for e-commerce and other businesses that would like to start accepting cryptocurrencies. To make such transactions easier, Aurix has developed unique shop plug-in s that can fit in almost every system.
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AURIX IS A SELF- RELIANT ECOSYSTEM OF FINANCIAL SERVICES, FULLY BUILT ON THE PRINCIPLES AND TECHNOLOGY OF DECENTRALIZED FINANCE.
We have our own coin – Aurix token, however, it is not the only option users can choose. Aurix token offers some extra benefits to our clients such as reduced transaction fees but it is not mandatory to have.
NO MATTER WHAT HAPPENS, ALL TRANSACTIONS WILL BE EXECUTED, AND THE FUNDS DELIVERED TO THEIR POINT OF DESTINATION.
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CURRENTLY, THERE ARE A NUMBER OF PROBLEMS THAT CUSTOMERS FACE IN THE MARKET
Low liquidity and transaction speed
High or hidden commissions
Insecurity and untrustworthiness
We are proud to say that the Aurix ecosystem is built to solve them all:
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WE HAVE CREATED UNIQUE USER- FRIENDLY AND SELF- RELIANT SOLUTIONS THAT CAN COPE WITH THESE ISSUES:
Aurix Exchange offers the highest liquidity with fast transaction execution, so users can buy and sell as many coins as they want in less than a second
We build our solutions based on customer development research, so they all have an intuitive design with user-friendly interfaces
All Aurix products have low predefined commissions, so no hidden fees
Lastly, Aurix is built with adherence to high security standards. Aurix is blockchain- based, which keeps transactions safe, secure, and autonomous.
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WE ARE CONSTANTLY BUILDING AND IMPROVING SOLUTIONS FOR OUR USERS.
So, we are about to launch the Aurix Chain that will enable all our solutions.
It will power the payment pillar and support our trading and other Decentralized Financial (DeFi) Services products. All our services are supported by usage of DeFi cashbacks.
It makes our financial system even more transparent and resilient. The DeFi enables carrying out transactions independently of our company’s operations and permissions.
EVEN IF AURIX CEASES TO EXIST, THE CHAIN WILL TRANSFER THE USERS’ CASHBACKS PROPERLY.
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The total market capitalization of traded coins.325 bn6000
$
CRYPTOCURRENCIES ARE A DISRUPTIVE ALTERNATIVE TO THE CURRENT MONETARY SYSTEM.
THEIR FULLY DIGITAL NATURE, TRANSPARENCY OF UNDERLYING TECHNOLOGY, AND INDEPENDENCE OF ANY GOVERNMENTAL BODY FOR CURRENCY CREATION ARE THE MAIN KEYS OF THEIR WORLDWIDE ADOPTION.
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Cryptocurrencies market size
In 2019, the global cryptocurrency market size was estimated at around $754 mn. By 2027, it is expected to exceed $1.7 bn, driven by double-digit growth.
THE CRYPTOCURRENCIES MARKET IS PROJECTED TO GROW AT 11% CAGR FROM 2019 TO 20271
754 mn 1 758 mn
$ $
Daily trading volume in top-5 cryptocurrencies can reach billions of dollars, which is observable not in all S&P 50 companies. This exceptionally high trading activity implies a great business potential for exchanges.
CRYPTOCURRENCY TRADING ACTIVITY EXCEEDS THE LARGE- CAP OF THE US EQUITY MARKET
Trading activity in top-5 cryptocerrencies
0 0 Bitcoin Ethereum Tether XRP Chainlink Median S&P
500 company
100 25
20 5
120 30
40 10
140 35
60 15
160 40
80 20
180 45
$200Bn 50
2 — CoinMarketCap
Every day, almost 1.7 mln of transactions of the $10 bn total value are processed in the top-5 cryptocurrencies3. As their global adoption grows, the need for solutions that facilitate payments and seamless conversion between digital and fiat currencies has limitless potential.
TOP CRYPTOCURRENCIES ARE USED TO PROCEED THOUSANDS OF TRANSACTIONS DAILY
Avarage daily transactions in top-5 cryptocurrencies
0 0
3000 600
5000 1000
1500 300
500 100
3500 700
5500 1100
2500 500
4500 900
2000 400
1000 200
4000 800
6000 1200
3 — CoinMetrics
More than 8 hundred senior executives from around the world consider introducing cryptocurrencies into their business models.4 Hence, the usage of cryptocurrencies will expand further and embrace vaster areas of life, as wider acceptance will create a stable demand. The solutions that will enable easier utilization of cryptocurrencies - like intuitive payment plug-in s - are likely to get a warm reception.
Respondents are open to using an array of digital assets in their business models. Q. Are you considering the use of the following digital assets in your business model? Percentage of respondents who considered using the digital assets in their business models
THE CRYPTOCURRENCIES MARKET IS EVOLVING FROM AN EXPERIMENTAL TO A MATURING STAGE
Avarage daily transactions in top-5 cryptocurrencies
Enterprise controlled 64%
Specific asset backed (gold, diamonds, precious metals, etc.) 55%
Algorithm-driven stablecoins 54%
Equity tokens 56%
4 — Deloitte 2020 Global Blockchain Survey
In the fiat money world, 51% of people prefer to use bank cards or electronic wallets for payments, while only 11% actively use electronic wallets.5 Acceptance of bank cards by merchants is also higher, and merging the novel asset with a traditional payment method can bring good results.
BANK CARDS ARE A NOVELTY IN THE CRYPTO WORLD THAT BRING DIGITAL ASSETS CLOSER TO SOLVING REAL-WORLD TASKS
5 — Creditcards.com, Federal Reserve Bank of Atlanta’s Diary of Consumer Payment Choice
In fiat currencies, cashbacks are the most attractive type of customer rewards and the main driver of their preference and loyalty. For 80% of cardholders, cashbacks were the main reason for choosing their card.6
DEFI CASHBACKS ARE A STRONG MOTIVATIONAL TOOL
6 — Creditcards.com, 2018 TSYS U.S. Consumer Payment Study
CRYPTO CASHBACK REWARDS ARE LIKELY TO MOTIVATE MORE CRYPTO USERS TO SHIFT A LARGER SHARE OF THEIR SPENDING INTO CRYPTO ASSETS, WHICH IN TURN, WILL RESULT IN MERCHANT ACCEPTING PAYMENTS IN CRYPTO.
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Starting from exchanging between crypto and fiat currencies, proceeding to payments in crypto, and using it in real-world interactions via the card, we target providing all necessary services for a seamless experience.
Below is an overview of the products we offer:
OUR OFFERING IS AN ECOSYSTEM THAT EMBRACES MANY TRANSACTIONS A USER CAN CONDUCT WHILE DEALING WITH CRYPTOCURRENCIES
Powered by Aurix Token (AUR)
Aurix Plug-ins
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Aurix Chain is the powerful next-generation blockchain technology that will underpin all operations on our platform. The decentralized finance architecture is a guarantee of the safety of users’ funds, speed and security of all operations, and privacy of user data.
Aurix Chain is the strong basis for all the services we offer our clients: it powers the exchange, enables Cashback rewards, ensures seamless payments and shopping experience. The proprietary technology is a key competitive power of our solutions, and we pay our most attention to its integrity and adherence to the best international security standards.
ALSO, SOON WE WILL BE READY TO INTRODUCE THE REVOLUTIONARY AURIX CHAIN, ON WHICH WE HAVE BEEN WORKING ON FOR THE PAST THREE YEARS.
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We highly appreciate the users that decide to stake the Aurix token, and thus, support the functionality of our blockchain network. Hence, the amount of AUR locked in for validating the blockchain operations defines the inclusive benefits the user can enjoy in our ecosystem: from discounts on trading fees to cashbacks to loan extension.
THE LEVEL OF MEMBERSHIP INFLUENCES USER EXPERIENCE THROUGHOUT THE PLATFORM
VIP 0
VIP 1
VIP 2
VIP 3
VIP 4
3,000 AUR purchased
800 AUR purchased
9,000 AUR purchased
4% 0.08 0.1
&/or
7 — The cashback is paid in AUR on your Wallet in Aurix App. Once the initial 6-month AUR staking period ends, the benefits of each tier will be reduced. To keep enjoying all these rewards and benefits, the AUR staking has to be renewed. The cashback program is launched and run solely by Aurix, and there is no partnership between Aurix and the merchants in this offer. Aurix has the sole discretion to modify the program at any time.
&/or
&/or
&/or
&/or
AURIX EXCHANGE
Aurix exchange provides a convenient way to invest in the most widely traded cryptocurrencies in a simple way both on the desktop and via an app. Thus, we do our utmost to provide an undisturbed trading experience for our users.
The main advantage that distinguishes the Aurix Exchange is its usability – the convenient and comprehensible interface that a user can adjust to suit any preferences.
All the necessary information is located at the fingertips of the user in an interface designed to fit all sizes of monitors.
USER-FRIENDLY INTERFACE THAT CAN BE ADJUSTED TO FIT ANY NEEDS
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The fees we offer are less than that of any other existing crypto exchange, and, thus, active trading does not undermine the results a user can achieve. The fee structure is extraordinarily simple and crystal clear, containing no hidden fees for services.
THE FEE STRUCTURE IS INTUITIVE AND CONTAINS NO HIDDEN FEES
We adhere to strict security requirements that ensure the safety of our exchange for users, and constantly upgrade our security potential. Aurix is protected against attacks, and data are fully compliant with PCI DSS standards.
TRANSACTIONS SAFETY IS ENSURED BY ADHERENCE TO BEST INTERNATIONAL STANDARDS
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The fee and benefits structure strongly motivates the staking and usage of Aurix Tokens. Staking the Aurix Token upgrades a user’s level on the platform, according to the amount of the Aurix tokens staked.
Any higher level is generously re- warded by discounts on trading fees, an increase in available leverage, and a wide variety of other rewards, depending on the amount of the Aurix tokens held.
AURIX TOKEN HOLDERS AND USERS ENJOY SIGNIFICANT REWARDS ON THE PLATFORM
THESE BONUSES CAN ENHANCE BOTH TRADING EXPERIENCE AND ITS RETURN POTENTIAL.
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A PAYBACK SYSTEM IS DEVELOPED FOR THE TRADERS THAT DECIDE TO USE AURIX
Better than any other exchange, we pay you to trade with us.
Because we care about our clients and we want them to have the best experience on the Aurix exchange, we are proud to announce our new cash- back system. After each transaction, the client recives cashback directly into their account. In other words, the more you trade, the more you earn.
More details trade cashback are in the
table below:
VIP 0
VIP 1
VIP 2
VIP 3
VIP 4
AUR balance
0% cashback
VIP 5
VIP 6
Maker & Taker
90% cashback
80% cashback
60% cashback
50% cashback
40% cashback
30% cashback
AURIX APPLICATION
For our users, it contains all the options for extracting the maximum utility that our platform can offer. The App embraces all the products and solutions we offer and presents them to the user in one place in the most convenient way.
AURIX APP IS THE HEART OF OUR ECOSYSTEM
Trading, payments, transfers and rewards management, and much more - all at the user’s fingertips.
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APPLICATION INTERFACE
A highly intuitive interface will bring only positive experience from day-to- day operations.
The possibility to manage all rewards and see what is needed to achieve them triggers user engagement.
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APPLICATION INTERFACE
A highly intuitive interface will bring only positive experience from day-to- day operations.
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AURIX CARD
Aurix offers a debit card by Visa or Mastercard payment networks. The card is associated with a user’s wallet, allowing them to obtain cashbacks for all their purchases and other everyday transactions.
We provide up to 9% cashback to the user’s e-wallet, and the execution is guaranteed by the blockchain itself— thanks to the DeFi system; the payment will be delivered without any hurdles.
CARD WITH DEFI CASHBACK
In other words, while other services charge fees for transferring and purchasing, we only reward our
customers with a cashback for all their payments made with our card.
And that also comes with the best service - all users’ purchases and
transfers are completed almost instantly.
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In the app, users can manage their crypto and fiat wallets, complete card applications, view the card details, track card spending records, receive eligible card rewards, and much more.
THE VISA/MASTERCARD CARD CAN BE MANAGED VIA THE AURIX APP
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DeFi allows storing and managing the funds without relying on third-party institutions for security and completion of promised rewards.
A smart contract ensures that the user earns the reward for card spending, and the blockchain technology enforces the execution of the cashback transfer, with a 0% possibility of failure.
THE UNIQUE FEATURE IS THAT CASHBACK PAYMENTS ARE FULLY MANAGED IN A DECENTRALIZED FINANCE NETWORK
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800 AUR purchased and staked
3,000 AUR purchased and staked
9,000 AUR purchased and staked
35,000 AUR purchased and staked
4% 40%
5% 50%
Cashback8 Cashback Card limits
8 — The cashback is paid in AUR on your Wallet in Aurix App. Once the initial 6-month AUR staking period ends, the benefits of each tier will be reduced. To keep enjoying all these rewards and benefits, the AUR staking has to be renewed. The cashback program is launched and run solely by Aurix, and there is no partnership between Aurix and the merchants in this offer. Aurix has the sole discretion to modify the program at any time.
AUR balance
EACH USER IS ASSIGNED A LEVEL THAT DEPENDS ON THE ACTIVITY IN THE PLATFORM AND ECOSYSTEM
A higher level is associated with greater
benefits, starting from better trading
fees, to cashback rewards processed in
decentralized finance.
$1,000 USD / month free ATM withdrawals Unlimited foreign currency transactions Netflix and Apple Fitness+ Membership Airport lounge access + 2 guest 10% reimbursement of Amazon
$1,000 USD / month free ATM withdrawals $20,000 USD / month foreign transactions
$800 USD / month free ATM withdrawals $10,000 USD / month foreign transactions
$400 USD / month free ATM withdrawals $4,000 USD / month foreign transactions
$200 USD / month free ATM withdrawals $2,000 USD / month foreign transactions
60%
8% 80%
0%
$1,000 USD / month free ATM withdrawals $20,000 USD / month foreign transactions Netflix and Apple Fitness+ Membership Airport lounge access + 1 guest 10% reimbursement of Amazon
card Trading
PAYMENT SHOP PLUGINS
A special Aurix solution for e-commerce and other businesses allows easy adoption of cryptocurrencies in operations. For this reason, Aurix has developed unique plug-ins that are compatible with almost every system.
A simple plug-in installed on the customer’s end allows users to pay in and/ or receive cryptocurrency anywhere, anytime for free. Each customers’ payment can be completed with a few taps on the mobile phone.
Our team is working continuously to expand the list of merchants that integrate with Aurix. The network effect is on the rise, motivating more merchants to use our plug-ins and more and more customers are willing to use crypto for payments.
A SPECIAL AURIX SOLUTION FOR E-COMMERCE AND OTHER BUSINESSES
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Traffic
Cost
Verification
Free
Up to 3% of cashback for customers’ purchases processed via Aurix PoS or Chain
Reduction of transaction costs (0% fees)
Instant transaction settlement
Instant payment confirmation
Safe and secure to pay with crypto and fiat currency
Choose the option to pay in fiat or cryptocurrency at the merchant’s checkout page
Integrate our Aurix Plug-in and have flexibility in accepting both fiat and cryptocurrencies
Pay by the Aurix App
Receive payment instantly in fiat currency or cryptocurrency of your choice in your business account with Aurix
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AURIX TOKEN
Aurix Token (AUR) is a utility token that has some features over and above simple payment functionality.
AUR powers the overall Aurix ecosystem, giving the user particular benefits such as reduced fees on the platform. Here are some examples of AUR advantages:
Earn up to 9% cashback paying merchants online and offline
Token name Aurix
Token ticker AUR
Issuing entity AUR Protocol Labs
Token total supply 20.000.000 AUR
Receive up to 9% cashback with each transaction on the Visa/ Mastercard Card
AUR can be exchanged for other cryptocurrencies
Trading fees discounts when paying with AUR on Aurix Exchange
Stake AUR and earn on Aurix Exchange
Payment & Card Trading
Exclusive rewards and benefits with staking AUR on the Card
AUR Token issue is limited to 20 mln units. By now it runs based on ERC-20, but later it will operate on the Aurix Chain. For the detailed overview of the token distribution, please, refer to the Aurix Chain Whitepaper.
All basic information regarding the AUR can be found in the table below:
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ROADMAP
Since Aurix was founded in 2016, we have not lost a minute in vain. We kept coming up with new ideas and solutions, perfecting them throughout the months so we could show them at the first onset in all their power.
Our journey started four years ago but we keep gaining momentum. So far, we have a working Aurix Exchange and a launch-ready Aurix app. Throughout the 2017-2019 years, we have been closely working on the Aurix Chain, and finally, we will be ready to introduce it next year.
2016
2018
2020
Q1 2021
Q2 2021
Q4 2021
Q3 2021
Aurix is founded by Majed Mohsen The Aurix token concept was introduced
Card concept appeared
The first Mastercard shipping
The launch of the beta version of Aurix Chain
Work on the Aurix Exchange started Work on Aurix Chain started
Plugin concept developed Started work on the App
The launch of the Aurix App OTC Trading Launch
DeFi Wallet Launch
We launch our Aurix Payment Shop Plugins
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TEAM
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Majed Mohsen is a computer engineer with a strong background in developing tech solutions for a vast variety of fields. His experience as a CEO of the World Wide Invest Company makes him a proven business leader with unique expertise. Moreover, Majed is a successful entrepreneur who has founded a number of tech companies in the e-commerce, mobile app, and consumer electronics industries.
Now his passion for the crypto- currencies market has brought him to develop a brand new cryptocurrency platform that combines several solutions into one ecosystem. It is not only another successful project added to his star track record but also a revolutionizing product that solves the most common problems of the market.
MAJED MOHSEN CHIEF EXECUTIVE OFFICER AND FOUNDER (CEO)
Starting from the 1970’s, the world has been seeking a unique solution that could magically solve most of its economic problems. I believe that crypto currency might be that solution and the most anticipated technology in the field. Therefore, that is why I would like to contribute to the solution through creating the best crypto platform with the state-of-the-art technology that is built with professionalism and love for the users.
Majed Mohsen
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Besher Zeido pursued an advanced medical career. However, his profound passion toward business and financial science and application, brought him to the import/export business, making him participate in the creation of the Aurix crypto exchange. Now, his advanced social skills, combined with his insatiable thirst for crypto-related research, make him an indispensable Chief Operations
Officer or Aurix.
Bhavesh is a well-established IT professional with over five years of industry experience. His unique expertise and experience make him a valuable contributor to the Aurix — he is responsible for our Blockchain network, Aurix Exchange, and overall platform monitoring. Bhavesh specializes in the Blockchain field, Data Centre Management, and Monitoring areas, while also possessing a rich background in the Backend Development, virtualization, and
Linux systems.
Chief Technical Officer (CTO)
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Elena Grasu has deep expertise and experience in cryptocurrencies and blockchain technology to share for our long- run development. Elena focuses on discovering the strategic potential for Aurix, clarifying growth objectives for our business, and managing our talents network.
Elena Grasu Chief Information Officer (CIO)
Radu has been involved in marketing and entrepreneurial activities for more than a decade and now can take pride in a developed social network that includes contacts throughout all the media industry. International business and marketing qualifications underpinning his social experience make him a valuable professional on our executive board.
Radu Stefan Mazare Chief Marketing Officer (CMO)
Gherlan Marius is a seasoned lawyer specializing in business and international law. With decades-long experience in the field, he is a valuable contributor to our business. His expertise allows our business to target international expansion and remain sure that compliance will never be a hurdle for our dynamic growth.
Attorney Gherlan Marius Chief Compliance Officer (CCO)
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CONCLUSION
CONCLUSION
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Aurix is a self-reliant ecosystem of financial services, fully built on the principles and technology of decentralized finance. No matter what happens, all transactions will be executed, and the funds delivered to their point of destination.
Our solutions create a unique user-friendly ecosystem for our customers. Aurix Exchange delivers low-cost trading among crypto and fiat currencies. Aurix Card with DeFi enables to transfer cryptocurrencies, pay in crypto, and receive cashbacks guaranteed by the blockchain itself.
And last but not least, Aurix Plugin is an easy solution for merchants willing to start accepting payments in crypto and expand their audience this way. All this is made possible by our Aurix Token and future Aurix Chain that are the key elements of the powerful technology underlying all our offerings.
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Our company is dedicated to the idea of making the world of cryptocurrencies as easy to enter and intuitive to implement in usual life, as to take the fiat cash out of the wallet.
Low-cost trading among crypto and fiat currencies, paying in crypto for goods and services, and receiving DeFi cashbacks on spendings just like on a usual debit card
– these all are parts of the dream that the Aurix team makes a reality.
Thank you for reading. To get more details or just stay tuned, contact us on our social media channels:
facebook.aurix.exchange
info@aurix.exchange
instagram.aurixexchange
t.me.aurix_exchange
twitter.aurixexchange
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DISCLAIMERS
No securities
No warranties
The content of this whitepaper has been prepared solely for informative purposes and should not be perceived as any form of recommendation or investment advice.
This whitepaper does not constitute a financial service offering document. It does not offer to sell or buy any security tokens, investment products, financial instruments, or other regulated products in any jurisdiction. AUR tokens are not being structured or sold as securities.
No warranties have been made in the whitepaper as to the accuracy or completeness of the information, statements, opinions, or matters contained in this whitepaper. The AUR tokens, the Aurix ecosystem, and corresponding products are under development and are being constantly updated. As a result, they may differ significantly from the description set out in this whitepaper. No representation or warranty is given as to the achievement of any plans, future projections, or prospects relating to the future.
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Aurix views
Third-party data
This whitepaper contains certain forward-looking statements regarding the business we operate that are based on Aurix’s management beliefs and assumptions, which are inherently subject to uncertainty.
Any estimates and assumptions are made on the basis of factors beyond our control and we bear no responsibility for realization and timing of any consequences arising from forward-looking statements.
Aurix strives to ensure accuracy of information contained in the whitepaper, but it will not bear responsibility for any missing, outdated or wrong information.
Any opinions or estimates expressed herein reflect a judgment as of this date and can be changed without notice. Aurix’s views and opinions expressed in this whitepaper do not reflect the official policy or position of any government or public body in any jurisdiction. This whitepaper has not been reviewed by any regulatory authority.
This whitepaper contains data and references obtained from third party sources. Although the management believes in the accuracy and reliability of these data, they have not been subject to independent audit or verification.
There is no assurance as to the accuracy, reliability, or completeness of the data. The use of any company and/or platform names and trademarks does not imply any affiliation with or recommendation of any of those parties.
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Risk statements
Purchasing AUR tokens involves substantial risk and may lead to a loss of a substantial or entire amount of the money involved. Prior to purchasing AUR tokens, it is recommended to assess and take into account the risks, including those listed in any other documentation. The purchasers should fully understand the nature of the AUR tokens and accept the risks inherent to the AUR tokens before purchasing them.
The regulatory status of cryptographic tokens and digital assets is currently unsettled and varies among jurisdictions. Future implementation of certain rules or policies regulating digital assets or blockchain applications may affect the rights to acquire, own, hold, sell, convert, trade, or use cryptographic tokens. These may also become subject to additional tax consequences associated with possessing and usage of tokens.
While a blockchain is unlikely to be hacked, there is a chance for such applications as wallets, browsers, websites or software programs to become targets for hackers. These hacks can lead to a substantial loss of funds for every participant of our ecosystem. As many blockchain projects are uninsured, loss of security is likely to result in the complete loss of a user’s funds in the event of a hack.
Cryptocurrencies are marked by extreme volatility. The value of the project’s internal token can be not in line with the project’s own development and value. The price of tokens and coins contained in the user’s wallet can also be subject to significant price swings. Aurix bears no responsibility for performance and returns of a user’s trading activity and utilization of any coins.
08 Professional advice
A consultation with a lawyer, tax professional, investment advisor or any other professional advisor is highly recommended before purchasing any cryptographic currencies and/or tokens.
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with love for you
W h i t e p a p e r
Built with state of the art technology and worked
with love for you