Auctus

Auctus

AUC
$0.000800538%1.09

Key Metrics

Price$0.000800538
Real Volume (24H)$140.95
Marketcap$28,447.83
Fully Diluted Valuation$69,963
ATH$1.095
ATH Date5/6/2018, 3:00:00 AM
ATL$0.00097544
ATL Date11/18/2019, 11:47:38 PM
Circulating Supply36M
Total Supply66M
WebsiteN/A
WhitepaperN/A
Popularity Rank4047
Chart
What is Auctus?

If you're familiar with the world of decentralized finance (DeFi), you've likely heard of the Auctus network. Auctus is a decentralized platform that aims to make retirement planning more accessible, transparent, and secure for people around the world. But what is AUC, and why is it so important to the success of the Auctus network?

In short, AUC is the native utility token of the Auctus network. Like other utility tokens, AUC is designed to be used within the platform to pay for various fees and services. However, what sets AUC apart is that it plays a crucial role in ensuring the long-term viability and growth of the Auctus network.

One of the primary uses of AUC within the Auctus network is to pay for fees associated with using the platform. When users perform actions such as creating a new pension plan or rebalancing their portfolio, they must pay a small fee in AUC. These fees are then used to buy back AUC tokens from the market, creating a natural buy pressure that helps to support the token's price.

In addition to this, 50% of the fees generated by the Auctus network are used to provide support and liquidity for AUC on decentralized exchanges (DEXs). This helps to ensure that there is a healthy supply of AUC available for trading, which is essential for maintaining a liquid market and preventing large price swings.

Finally, AUC holders also have governance rights within the Auctus network. This means that they can vote on important decisions such as changes to the platform's fee structure or the addition of new features. This gives AUC holders a direct say in the direction and development of the platform, making them an integral part of the Auctus community.

So why is AUC so important to the success of the Auctus network? Firstly, by creating a natural buy pressure for AUC, the platform ensures that there is always demand for the token. This helps to support the token's price and prevents large price swings, which can be detrimental to the health of the platform.

In addition to this, the liquidity provided by the 50% of fees used to support AUC on DEXs helps to ensure that there is always a healthy supply of tokens available for trading. This is essential for maintaining a liquid market, which is crucial for attracting new users and investors to the platform.

Finally, the governance rights afforded to AUC holders give them a direct say in the development and direction of the platform. This helps to ensure that the platform is responsive to the needs and desires of its community, which is crucial for building a strong and engaged user base.

At Auctus, we're passionate about building exceptional DeFi products that empower people to take control of their financial futures. Our team has extensive experience in building software and we apply an agile approach to development to ensure that our products are always cutting-edge and responsive to our users' needs.

So whether you're looking to plan for retirement, diversify your portfolio, or simply learn more about the world of decentralized finance, Auctus has the tools and resources you need to succeed. And with AUC at the heart of our platform, you can rest assured that you're investing in a token that is integral to the success of the Auctus network.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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