Aurora klay ARA project

7 min readApr 16, 2023

official announcement(EN)

Starting with the supply of liquidity (ARA/ klay, ARA/ Ousdt) to klayswap.com in September 2022, ARA Token has been unable to sleep for countless days since its official launch, and it seems that it has been running frantically.

We are still in progress thanks to the active participation of talented blockchain developers, character writers, marketing managers, CMs, global interpreters, designers, and supporters, as well as governance members.

Looking back on the past, we are striving to improve the completeness of sustainable tokenomics.

 Aurora klay ARA project?
 Business report (IR)_April. 2023
 Token distribution and compensation plan update

💎 Auroraklay ARA project?

Blockchain-based DApp and social commerce platform

It is a utility token used as a payment and settlement and reward within the Auroraklay ecosystem.

The ARA project is a pure native (KR) token with a legal entity (auroracprp) in Korea and issued by the Klaytn network that complies with KCT standards.

The Aurora klay project is committed to fairness, transparency, and sustainability.

1. We will comply with domestic and overseas virtual currency guidelines and regulations, and aim to complete tokenomics with fairness, transparency, and sustainability as the motif within the legal framework.
2. If you enter the Aurora klay ecosystem first, hold a lot of ARA tokens, and do more ecosystem activities than others, your ARA token rewards will increase.
3. ARA tokens are automatically stored in blockchain smart contracts and cannot be forged or altered by anyone.
The goal is to complete sustainable tokenomics.

. Various rewards by ecosystem activities

. Active participation in the Aurora klay ecosystem always has ARA token rewards.
. The collected ARA tokens are utility tokens that can be used to purchase products within the Auroraklay App.
. Aurory NFT holders have membership features and governance benefits, and there are always discounts when using the app.

💎 Business Report (IR)_ Apr. 2023

1. Establishment of a legal entity (Auroracorp) and formation of a team

2. AuroryNFT minting

1. We discovered a character made by looking only at the Aurory story of new writer Song Ha, registered the copyright, and sold 2881 copies in the first minting

2. We also formed a mini-governance organization to reflect users’ opinions in small parts of the project process.

3. As if there is no unnamed company, ARA tokens and symbols have been proudly registered with the Copyright Association, and trademark registration with the Patent Office has also been completed.

4. Aurora pincess (Aurory NFT) We will challenge various content businesses (anime, merchandise, CF, music, etc.) using the company.

5. In addition, we have registered the mail-order business to the Hapcheon County Office, where the corporation is located.

With the implementation of NFT staking (Dapp) on Aurora klay’s own platform, we experienced the fun of mining ARA tokens with only NFT holdings.

Since NFT minting was released without being fully closed, there was a hassle of unstaking every time MPB was adjusted, but we thank users for following along.

Currently, mining due to staking is suspended.

The second round of aurory NFT minting will be held soon, and when the minting is finished, we will see a more complete system by further refinement of more convenient and simple staking implementation and aurory NFT benefits through large-scale updates.
Here is the implementation of ARA single staking on our own platform

By connecting your blockchain wallet (kaikas, klip, Metamask), you can check not only the simple staking function on the auroracorp.io (website), but also the total amount of ARA token issuance, the quantity of ARA tokens currently in circulation, and the real-time ARA token price check function and real-time interest rate (APR) display.

In order to prevent the penalty of 30% deduction by attempting un_staking after staking, a warning letter was created with strong wording, and if un_staking is requested, it can be claimed after 7 days.

1. The ARA project has been officially registered with Xangle, and following this medium, ARA project news can be heard from reputable institutions.
You can check the Aurora Klay information in Xangle.
1. In addition, due to the official registration of the “klip blockchain wallet” in KakaoTalk, ARA token
storage, ARA token asset valuation amount check, exchange, and transfer functions can be easily used in the KakaoTalk Clip wallet.
In addition, you can store aurory NFT in your clip wallet, and you can check it in real time.

You can check the ARA token symbol, quantity, and price evaluation in the KakaoTalk Clip blockchain wallet.

Initially, the Aurora Klay website was used only as a Kaikas wallet linkage, but KakaoTalk Clip wallet linkage and MetaMask wallet linkage were further updated to facilitate access for various users.

KaikasWallet, klip, and Metamask blockchain wallets linked on the Auroraklay website are linked not only on mobile but also on the web under the same conditions to provide usability.

Over the past few months, there has been a flurry of listing partnerships on global centralized exchanges. As a result, they tried to promote an IEO to secure insufficient funds for the team, but in the end, they did not succeed in raising funds.
Due to the poor financial condition due to the inability to pre-sell ARA tokens when launching on klayswap.com, I realized various limitations in the process of business progress and thought of listing only one overseas centralized exchange.
Listed on the P2pb2b.com Exchange

P2b.com Exchange is a medium to large exchange with

a trading volume (24 hours) of ₩172,139,638,025.12 (4,612 BTC) ranking among the top 30 in the coin marketcap trading ranking.

We know that it is not easy to enter the domestic exchange from the first listing.

First of all, we want to maintain even one exchange well and use it as an opportunity to take the next leap.

As a result, awareness of the ARA project has skyrocketed overseas.

From now on, we will further strengthen the internal affairs of the project and focus on securing the use of ARA token, which is a real cryptocurrency, and establishing a tokenomics identity.

I believe that the core of blockchain and cryptocurrency is “sustainable tokenomics”.

I have looked back and expressed deep anguish about the future of the ARA token ecosystem.

And I came to my own conclusion

From the beginning of the business until now, we have relied on ARA token airdrops to spread the ARA project and marketed to spread the word, but in the future, we will strive to activate and build an ecosystem by making token management more conservative.

In addition, we would like to provide an opportunity to identify the current ARA token circulation and take a step forward in activating and building the aurora klay ecosystem in the future.