AuroraCredit is based on a decentralized smart contract, making it a DeFi project. The only difference is that your Aurora loan is not affected by the cryptocurrency fluctuations and cannot be liquidated as is the case with other DeFi.
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Description of the AuroraCredit project
AuroraCredit – a simplified DeFi lending project, based on a smart contract on the TRON blockchain. You must have the TronLink Chrome browser extension or mobile app such as Klever (TronWallet) or TronLink. You can buy TRON (TRX) on the popular cryptocurrency exchanges: Binance, Poloniex, Bittrex, Bitfinex, OKEx or using local online exchanges.
On the Aurora.Credit platform, you can take out a loan for 7, 14, 21 and 28 days and renew it at the end of the term if you want. On the "Active loans" page you can get a loan (income) and your deposit will be frozen for the previously selected period. The longer the freezing period, the more interest you can receive on the loan.
Other features:
| Firstly | The minimum deposit amount is 10 TRX, the maximum amount is not limited. |
| Secondly | The term "Freeze Days" means the period after which you can withdraw the collateral (deposit) if you want or get another loan (income) on it. |
| Thirdly | You can also reinvest the received loan (income) or take advantage of the generous bonus program by inviting your friends and acquaintances. |
To receive leadership bonuses, you need to achieve your team's employee turnover rate. The calculation takes into account the first 3 referral levels with the following coefficients: 1; 0.3; 0.15. This means that if your 2nd level referral contributed 1000 TRX, then 300 TRX will be credited to your turnover.
Additional information
Since the site does not have White Paper and RoadMap documents, you can get more detailed information about the project through the section with answers to questions. The community actively maintains such social networks:
- twitter;
- telegram;
- facebook.
The platform is governed by the TRON blockchain smart contract. No one can change the algorithms of the smart contract, not even the administration. The project audit can be found on the main page in the Global Info section or check the smart contract code.