Quote from: statdude on January 03, 2018, 08:48:49 PM

Quote from: AuroraDao on January 03, 2018, 07:23:47 PM

Membership token (DVIP) is a crypto membership that comes with free trading on IDEX until 2021 and double AURA rewards (from the rewards program) for life after the free trades runs out. AURA is our utility token that will be used for POS staking our sidechain once IDEX moves from ethereum mainnet to an ethereum sidechain for scaling. AURA token holders will stake our chain and get paid in IDEX trade fees for providing the security to the network. As Aurora expands into decentralized banking the revenue from that venture will also flow back to AURA stakers for running the network.

Each DVIP also comes with 50,000 AURA tokens. So for $3,000 you get free trades on IDEX for 3 years, double AURA rewards for life after that and 50,000 AURA tokens. DVIP works now and AURA will be used for staking as soon as we have our sidechain live. Getting the sidechain live is our main focus after we do a few more minor things to stable out IDEX.

These trade fees - why not just burn them?

Why not burn what? Trade fees will be paid out to those who stake their AURA, this creates the incentives needed for the system to operate in a fully decentralized fashion. The first iteration of staking will be used to keep a p2p orderbook up to date in real time and the second iteration will be POS mining on our sidechain.