Auric Network

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Description

Auric Network (AUSCM) is a cryptocurrency and operates on the Ethereum platform. Auric Network has a current supply of 30,000,000 with 0 in circulation. The last known price of Auric Network is 0.0686343 USD and is up 0.00 over the last 24 hours. It is currently trading on 3 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://auric.network/.

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FAQ

What is Auric Network?

Auric Network is a cryptocurrency project operating on the Ethereum platform, utilizing a rebase token model. Its token, known as AUSCM, has a total supply of 30 million, although none is currently in circulation. The network is designed to adjust its token supply based on algorithmic calculations to stabilize its value.

How does the rebase function work in Auric Network?

The rebase mechanism in Auric Network automatically adjusts the supply of the AUSCM token to stabilize its price. This dynamic supply adjustment helps maintain a stable asset value by either reducing or increasing the number of tokens in user wallets, aiming to counteract market volatility.

What are the benefits of using Auric Network?

Auric Network offers benefits such as potential price stability through its rebase mechanism, which can be attractive in volatile crypto markets. As a token on the Ethereum platform, it also benefits from the security and infrastructural advantages of Ethereum's blockchain technology.

How does Auric Network compare to traditional stablecoins?

Unlike traditional stablecoins pegged to a fiat currency, Auric Network uses a rebase model to maintain value stability. This means that it adjusts its supply to respond to market conditions rather than relying on collateralized reserves, aiming to achieve a stable token value without direct fiat backing.

Why is Auric Network significant in the cryptocurrency market?

Auric Network is significant due to its innovative approach to achieving price stability through the rebase mechanism. This makes it a unique player in the cryptocurrency landscape, where maintaining value stability without fiat backing or over-reliance on collateralization is a common challenge.

What should I do if I encounter issues with Auric Network on exchanges?

If you face issues with Auric Network on exchanges, first ensure that the exchange supports AUSCM trading. Double-check your wallet address and transaction details. If problems persist, consult the exchange's support or participate in community forums for additional guidance.

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