Question 1

What is Aurix (AUR)?

Accepted Answer

Aurix (AUR) is the utility token of the Aurix ecosystem. It is designed to connect the platform’s trading, payments and rewards functions across products such as the exchange, mobile app, card offering and merchant tools.

AUR was issued as an ERC-20 token, with plans for integration into Aurix Chain.

Question 2

What is Aurix (AUR) used for?

Accepted Answer

AUR is used across the Aurix platform in several ways:

- **Access to platform benefits:**  
  Holding or staking AUR gives users access to platform benefits such as reduced trading fees and membership tiers. These tiers are linked to trading volume or AUR balances and can affect maker and taker fees, cashback rates and other account features.

- **Cashback rewards:**  
  AUR is used for cashback linked to card spending and trading activity. Cashback is credited to the user’s wallet, with higher balances or staking levels linked to higher reward rates.

- **Staking:**  
  AUR can be staked as part of the platform’s network model. Staking is also tied to membership status and is used to unlock broader benefits across trading, card use and other platform services.

- **Payments and exchange activity:**  
  AUR can be exchanged for other digital assets and used within the platform’s payment and card system. It forms part of the internal economy connecting the exchange, payment tools and merchant services.

Question 3

Who created Aurix (AUR)?

Accepted Answer

Aurix was founded in 2016 by **Majed Mohsen**, Chief Executive Officer, and **Dr. Besher Zeido**, Co-Founder and Chief Operating Officer. The AUR token concept was introduced in 2018 as part of the wider Aurix platform.

Other named members of the team include:

- **Bhavesh Deshmukh** — Chief Technical Officer  
- **Elena Grasu** — Chief Information Officer  
- **Radu Stefan Mazare** — Chief Marketing Officer  
- **Attorney Gherlan Marius** — Chief Compliance Officer