1. What is aur?

Auroracoin (AUR) is a type of token with the following characteristics:

1. Innovative Token Technology: AUR utilizes unique encryption technology to provide a secure trading environment.
2. Novel Application Scenarios: AUR has broad market potential and development space, and its uniqueness and appeal may attract the attention of specific groups, thereby boosting its market value.
3. Community-Driven: The development and promotion of AUR rely on community participation and support, boasting a strong community base.
4. Decentralized: AUR is a decentralized token, with trades not being controlled by any institution or government.

Source: https://www.bitget.fit/en-US/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 the supreme god Odin in Norse mythology.

3. Which venture capitalists invested in aur?

According to the information provided, the main venture capital institutions involved in the tokens sector include:

1. a16z (Andreessen Horowitz): a16z is one of the most active crypto investors in Silicon Valley, having launched four token funds, raising a total of up to $7.515 billion. They have invested in multiple crypto projects, including Coinbase, Aleo, Goldfinch, and more.

2. Multicoin Capital: Multicoin Capital has been deeply involved in investing in Solana, achieving thousands of times in investment returns.

3. Polychain Capital: Polychain Capital participated in the investment in Solana, providing financial support.

4. Libertus Capital: Libertus Capital led a $7.5 million investment in Sky Mavis, the parent company of Axie Infinity.

5. Blocktower Capital: Blocktower Capital participated in financing Sky Mavis, the parent company of Axie Infinity.

6. Konvoy Ventures: Konvoy Ventures participated in financing Sky Mavis, the parent company of Axie Infinity.

7. Collab Currency: Collab Currency participated in financing Sky Mavis, the parent company of Axie Infinity.

These institutions have made significant investments in the tokens sector, driving the development of the field.

4. How does aur work?

AUR Tokens (Auroracoin) is a digital currency based on the Ethereum blockchain. Here is a brief overview of how it works:

1. Blockchain-Based: AUR Tokens utilize 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 project awareness and promote the growth of its ecosystem.

3. Gold-Backed: AUR tokens are pegged 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 purposes.

4. Trading and Value: The buying and selling of AUR tokens occur at market prices within participants' personal accounts. Its value increases with the amount of gold backing it, with the price determined by exchange rates.

5. Decentralization: AUR Tokens operate on a decentralized system to record transactions and issue new units, without relying on central issuance or regulatory bodies.

In summary, AUR Tokens operate through blockchain technology, airdrop distribution, gold backing, and a decentralized system, aiming to provide a transparent and financially secure system.