AURUS sets its sights on new token launch with ⅔ supply burn of its legacy AX token

• AURUS will migrate from AX to $AURUS by March 2025 via a token generation event.
• The platform will burn 20 million AX tokens, reducing supply to 9,999,999.
• AX stakers can earn tiered $AURUS rewards, with the highest tier offering 8 per staked AX.
• $AURUS will enhance staking, liquidity, and governance while integrating with DeFi.

AURUS, a prominent Web 3 platform, is bracing for a major shake-up of its operations. The firm that specializes in the tokenization of gold and other precious metals has announced it will be migrating from its legacy AX token to a new standard $AURUS, by the end of March 2025. That transition will proceed through a token generation event (TGE) throughout the month.  

The platform explained that evolution through a statement on its website saying, “Built on the BASE network, $AURUS aligns with our goal to drive sustainable value and expand liquidity across our ecosystem”

It further clarified that the $AURUS TGE will burn ⅔ of its AX token, reducing the digital asset’s supply by 20,000,000. The final burning event will trim AX’s current supply to 9,999,999 tokens, a figure it says represents the purity of gold. To achieve that, AURUS will burn 5,000,000 AX tokens weekly, increasing the asset’s scarcity and boosting its demand and, therefore, long-term value.

Why burn now?

“The $AX token burn was AURUS’s reward to its faithful community ahead of moving to $AURUS and upgrading the tokenomics,” AURUS said.

The firm also shared its enthusiasm for the upcoming change. It added that it would combine $AURUS’s features to create a stable, growth-enhancing, and community-enriching environment. This would thus be looking to the token to provide incremental new utility, from stacking and liquidity provision to streamlined governance.

Exclusive rewards for AX stakers

AX holders will profit from the revenue the AURUS protocol generates, mainly from its tGOLD token, a gold-backed digital asset that exposes holders to the wider Web3 and DeFi sector. It is about to launch on BASE with an updated mechanism for collecting and paying out rewards in Eth. 

AX stakers can also qualify for the $AURUS token tiered rewards program that works as follows:

Currently, over 3,960,000 $AX are staked, with the final stages of Tier 2 offering 8 $AURUS per $AX staked. Investors can still claim only 40,000 $AX in  Tier 2 rewards paying out at this rate. Once this allocation is reached, the rewards will drop to Tier 3, offering 4 $AURUS per $AX.

Get ready for the $AURUS launch

With the $AURUS launch scheduled for April, NOW is the best time to stake and earn your rewards. You can do this by purchasing AX and staking it now on the AURUS dashboard.

Powered by a team of passionate developers, AURUS is a platform that’s breaking new ground in the tokenization of commodities. It’s a comprehensive ecosystem combining the timeless value of real-world assets (RWAs) with the boundless possibilities of blockchain technology.

For more information on the $AURUS TGE and the platform‘s other offerings, consult their X, LinkedIn, and Telegram accounts.