Question 1

What is the current price of Auctus (AUC)?

Accepted Answer

The current trading price of Auctus (AUC) is XRP 0.00024797.

Question 2

So, what exactly is Auctus (AUC)?

Accepted Answer

Auctus (AUC) is a decentralised options protocol built on the Ethereum platform. In simple terms, it allows users to generate and trade options – which are contracts that offer the right to buy or sell an asset at a specified price – in a decentralised and trustless environment. This means that users don't need to rely on a third party or intermediary for their transactions to take place. What makes Auctus interesting is that it is built around ACOToken contracts. These contracts are compliant with the ERC20 standard, which means that they are interoperable with other applications in the Ethereum ecosystem. This makes these options contracts not only transferrable and fungible, but also compatible for integration with other DeFi (decentralised finance) applications.

Question 3

How does Auctus (AUC) work?

Accepted Answer

Auctus operates in the realm of Decentralized Finance (or DeFi) by allowing users to mint call and put options, which they can then trade in the Auctus platform. A call option is a type of contract that gives the holder the option to buy a certain asset at a specific price within a specified period. On the other hand, a put option gives the holder the option to sell an asset at a specific price within a specified timeframe. By employing the ACOToken contracts (which are based on the ERC20 standard), Auctus ensures that the options minted by the users are ready for further integrations within the DeFi landscape. This gives users great flexibility in managing and optimizing their derivative trading strategies.

Question 4

What does Auctus offer?

Accepted Answer

Auctus offers an array of features to its users. Among them are: - An options decentralized exchange (DEX) that lets users trade options in a peer-to-peer manner. - An options automated market maker (AMM), which automates the trading process. - A platform for over-the-counter (OTC) options, which are traded directly between two parties. - And finally, automated options vault strategies, which are programs that automatically execute pre-set investment strategies based on the user's preferences.

Question 5

What are the security measures of Auctus?

Accepted Answer

Auctus takes security very seriously. Its protocol smart contracts have been audited by the respected blockchain security company Open Zeppelin, and have undergone rigorous internal testing. This is in line with the platform's mission to provide a secure and trustless environment for users to trade their options.

Question 6

What is the market cap rank of Auctus (AUC)?

Accepted Answer

Auctus (AUC) currently holds the #9043 rank in the market capitalization leaderboard.

Question 7

How much Auctus (AUC) is currently in circulation?

Accepted Answer

As of now, there are 40.4M AUC tokens in circulation.

Question 8

Where can I buy Auctus (AUC)?

Accepted Answer

You can purchase Auctus (AUC) from any of the following exchanges: HitBTC, Bitfinex, IDEX. Always make sure to do your own diligent research before dealing with any cryptocurrency platform.

Convert AUC to XRP

Try our Crypto Pro app