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IDEX Launches AURA Staking Enabling Node Operators to Earn Trading Fees

The industry’s #1 smart-contract trading platform allows AURA stakers to earn trading fees through the alpha release of their AuraD staking software

/EIN News/ -- LOS ANGELES, Jan. 11, 2019 (GLOBE NEWSWIRE) -- IDEX, the industry’s leading non-custodial trading platform, has just launched the alpha release of their AURA node staking software (AuraD). This software enables users to stake the AURA token and run specialized nodes that manage different IDEX functions. In return for decentralizing various “tiers” of IDEX’s architecture, node operators earn compensation in ether (ETH) based on their AURA staked, node tier, and node uptime. The alpha launch will allow stakers to earn 25% of all IDEX trading fees proportional to their contribution to the platform, while future tiers will allow node operators to contribute more to the platform and earn additional compensation.

AURA Staking Tiers
An overview of AURA staking tiers


“The launch of AURA staking is a pivotal development in the systematic decentralization of IDEX,” says Co-Founder & CEO Alex Wearn. “By incorporating the community into the operations of the platform, we are creating a network that will not only increase transparency and resilience, but will also drive more liquidity via a shared focus on the growth of IDEX.”

Developed by the Aurora team, IDEX is the first non-custodial platform to offer real-time trading. It consistently ranks as the #1 dApp in the world by daily users, transactions, and volume. At times, in fact, IDEX has recorded daily trading volumes in excess of its own market capitalization.

During the alpha release, 25% of all IDEX trade fees will be earned by node stakers running Tier 3 (Trade History) nodes. To run a node stakers must operate the AuraD software and stake a minimum of 10,000 AURA tokens. Additional tiers will be added as the AURA staking network grows, each tier with higher staking/computing requirements and payouts.

Additionally, any IDEX user can participate in IDEX’s systematic decentralization without running an AURA node. By simply opting in to receive trade history from AURA node operators (rather than IDEX servers), they will receive double AURA trading rewards for their contribution.

How to Stake AURA

Users can learn how to stake AURA and earn IDEX trading fees or opt into the program to earn double trading rewards here.

Join the conversation on Aurora’s (IDEX) social channels to get involved:

Reddit: https://www.reddit.com/r/auroradao/
Twitter: https://twitter.com/aurora_dao
Medium: https://medium.com/aurora-dao
Discord: http://bit.ly/AuroraDiscord

About Aurora & IDEX
Aurora’s mission is to build a collection of decentralized applications, including IDEX—the first real-time non-custodial trading platform—that together form a distributed financial and banking platform. Founded by a group of blockchain enthusiasts who aspire to see digital currency flourish, Aurora aims to provide decentralized financial solutions to anybody in the world. Visit Aurora at https://auroradao.com/ or trade on IDEX today: https://idex.market/

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3c4c2c5e-8775-4a80-8768-4bbad8d06286

Media Contact:
Forrest Whaling
336-671-1458
forrest@auroradao.com

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