AURUS, a renowned Web 3 platform, has announced significant changes in its operations. The platform will transition from its AX token to a new $AURUS by March 2025 through a token generation event.
Transition to $AURUS: What It Means
AURUS announced the gradual replacement of its legacy AX token with the new $AURUS standard by March 2025. The platform states that $AURUS will operate on the BASE network, aligning with their goal of sustainable growth and expanding liquidity across the ecosystem.
Token Burn: Reducing Supply
The company stated that during the launch of $AURUS, two-thirds of the AX tokens will be burned, reducing the supply by 20,000,000. This will bring the current AX token count to 9,999,999, symbolizing the purity of gold.
Exclusive Rewards for AX Stakers
AX holders will profit from the revenues generated by the AURUS protocol, particularly from the tGOLD token, a digitized gold-backed asset. AX stakers will participate in the $AURUS reward program, with the highest tier offering 8 $AURUS per staked AX.
With the launch of $AURUS, AURUS hopes to solidify its position in the tokenization of precious metals and Web3 sector, presenting a new model for value storage and governance.
