The cryptocurrency market has experienced significant growth in the past year, thanks to increased participation from institutions and a surge in retail users. Aurox, a crypto trading terminal, has been one of the projects that has benefited greatly from this market growth. Its user base has grown from less than one thousand to over 51,000 traders. Aurox CEO Giorgi Khazaradze recently shared insights about the project’s background, upcoming developments, and the company’s future.
Aurox was founded by three co-founders who have been working together since high school. They had previous experience in various businesses before venturing into the cryptocurrency industry. In 2016, Giorgi bought cryptocurrency on Bittrex following a partner’s recommendation, and they soon started investing in crypto with profits from their other companies. They encountered difficulties with trading cryptocurrencies and saw an opportunity to create a user-friendly trading terminal.
The development of the Aurox terminal began in 2017, with beta and alpha releases to gather user feedback. The main unveiling of the terminal took place in September 2020, and since then, the user base has grown significantly to over 51,000 registered users. Aurox Lend, one of the most anticipated products in the Aurox roadmap, aims to simplify the lending process and offer immediate borrowing and trading options for traders. It also provides high interest rates and protection for lenders. The launch date for Aurox Lend is expected to be soon, with ongoing development and the release of a visual UI to demonstrate the process.
Regarding integration with other chains, Aurox plans to continue supporting the Ethereum network due to its wide reach. However, they also recognize the potential of other chains and aim to make Aurox Lend available across multiple chains in the future. Ethereum 2.0, scheduled to launch early next year, is seen as an opportunity for Aurox Lend’s release.
Giorgi is optimistic about Ethereum overcoming its fee challenges, citing various scaling solutions being developed by other companies. He believes that gas fees will not be a problem for Aurox users in the near future. As for URUS rewards for bURUS liquidity providers, the contracts are currently being audited, and the launch is expected before the end of the year.
Aurox aims to secure a tier-2 exchange listing before the end of the year, while a tier-1 listing is uncertain. The project has made connections and spoken to many people, but they are waiting for the right opportunity to come along.
Looking ahead, Giorgi sees Aurox capturing a large audience of users within the next few years. They have unique functionalities and ideas for the platform that they want to integrate. If their current growth continues, Giorgi envisions Aurox becoming the go-to trading terminal for almost every cryptocurrency trader in five years.
In conclusion, Giorgi expressed gratitude to the Aurox community for their support and feedback. He believes that the community has played a crucial role in the company’s success and is proud of their active and helpful nature.
