1. What is aur?

Auroracoin (AUR) is a cryptocurrency with the following features:

1. Innovative cryptocurrency technology: AUR employs unique encryption technology that provides a secure trading environment.
2. Novel application scenarios: AUR has vast market potential and development space, and its uniqueness and appeal may attract the attention of specific demographics, thereby driving its market value upward.
3. Community-driven: The development and promotion of AUR rely on community participation and support, having a strong community foundation.
4. Decentralised: AUR is a decentralised cryptocurrency, and transactions are not controlled by any institution or government.

Source: https://www.bitget.fit/zh-CN/price/auroracoin/what-is

2. Who founded aur?

Auroracoin (AUR) was founded by an anonymous individual who uses the pseudonym “Baldur Friggjar Odinsson”, inspired by Odin, the supreme god in Norse mythology.

3. Which venture capitalists invested in aur?

Based on the provided information, the main venture capital firms involved in the cryptocurrency space include:

1. a16z (Andreessen Horowitz): a16z is one of the most active investors in the crypto space in Silicon Valley, having launched four cryptocurrency funds with total fundraising amounting to $7.515 billion. They have invested in multiple crypto projects, including Coinbase, Aleo, and Goldfinch.

2. Multicoin Capital: Multicoin Capital has deeply engaged in investments related to Solana, yielding thousands of times in investment returns.

3. Polychain Capital: Polychain Capital has participated in investing in Solana, providing financial support.

4. Libertus Capital: Libertus Capital led a $7.5 million round of funding for Axie Infinity’s parent company, Sky Mavis.

5. Blocktower Capital: Blocktower Capital participated in the funding rounds for Axie Infinity’s parent company, Sky Mavis.

6. Konvoy Ventures: Konvoy Ventures participated in the fundraising for Axie Infinity’s parent company, Sky Mavis.

7. Collab Currency: Collab Currency also took part in the financing of Axie Infinity’s parent company, Sky Mavis.

These firms have made significant investments in the cryptocurrency sector, thus driving the sector's development.

4. How does aur operate?

AUR cryptocurrency (Auroracoin) is a type of digital currency based on the Ethereum blockchain. Below is a brief overview of its operational principles:

1. Blockchain-based: AUR cryptocurrency uses blockchain technology to record and verify transactions. The blockchain is a distributed public ledger that records the history of all transactions.

2. Token distribution: AUR was initially distributed to Icelandic residents through an airdrop, with each resident receiving 31.8 AUR tokens. This method aims to increase recognition of the project and promote the development of its ecosystem.

3. Gold-backed: AUR tokens are linked to gold, meaning their value is associated with the price of gold. Users can participate in the gold mining process by purchasing AUR tokens, and the funds raised during the ITO (Initial Token Offering) will be used for the construction of gold mining facilities, among other things.

4. Trading and value: The buying and selling of AUR tokens are conducted at market prices within participants' personal accounts. Its value increases with the growing gold content, and the price is determined by exchange rates.

5. Decentralised: AUR cryptocurrency uses a decentralised system to record transactions and issue new units, without relying on central issuance or regulatory authorities.

In summary, AUR cryptocurrency operates through blockchain technology, airdrop distribution, gold backing, and a decentralised system, aimed at providing a transparent and financially secure system.