Frequently Asked Questions (FAQ)

General

What is Aura?

Aura is a decentralized prediction platform built on Alephium, where users can predict outcomes of future events, trade shares, and participate in community governance.

What makes Aura different from other prediction markets?

Aura utilizes Alephium's scalable blockchain, offering lower fees, faster transactions, and a unique vaulting tier system that provides extensive user benefits.

What do I need to start using Aura?

You'll need Alephium coins and a compatible crypto wallet connected to the Alephium blockchain.

Token & Vaulting

What is the $AURA token?

$AURA is Aura's governance token. Vaulting (staking) $AURA unlocks voting power, fee-sharing opportunities, and market creation privileges.

How do I stake (vault) $AURA tokens?

Visit the "Vault" section on the Aura website, input the number of tokens you wish to stake, and confirm the transaction via your connected wallet.

Can I withdraw staked tokens?

Yes, you can request to unlock your tokens at any time. Once initiated, a mandatory 7-day cooldown applies before withdrawal.

Market Creation & Trading

How do I create a new market?

Ensure you have at least a Iron-tier status, navigate to the "Propose Market" button, complete the proposal form, and submit it for community voting.

Is there a limit on how many markets I can propose?

Yes, users can submit a maximum of 5 market proposals per day, with a cooldown period of one minute between proposals.

What fees are involved in trading?

A small, transparent 2.5% trading fee is applied to each transaction conducted in Alephium.

Market Outcomes & Disputes

How is the outcome of a market determined?

Outcomes are initially proposed by users post-market completion and finalized through community voting if disputes arise.

What if I disagree with a proposed market outcome?

You can initiate a dispute by posting a dispute bond. This action triggers a 24-hour community voting period to resolve the outcome.

Who can vote on disputed outcomes?

Only neutral voters without active positions in the disputed market, holding vaulted $AURA tokens, may participate in the outcome voting process.

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