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CoinTable - Aquila Protocol (AUX)

Aquila Protocol
AUX

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%
Change 24h
Market Cap
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Volume 24h
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Total Supply
1,000,000,000
AUX

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Description
Our purpose is to build a comprehensive protocol matrix for open finance and value transfer protocol applications developed based on blockchain technology. The combination of digital assets and blockchain cutting-edge technology is expected to change the monopoly pattern of classical finance. As we all know, the operation of traditional finance is subject to the management of the administrative system, and these artificially divided worlds have also greatly prevented the effective circulation of value. The way of operation we believe in is to abandon the present and take a glance at the current world, the current high-cost, centralized, powerful and centralized financial world, her presentation includes but is not limited to financial activities such as credit creation, debit and credit, payment, securities underwriting, IPO, etc, which all must be executed by a trusted centralized third-party organization. While in centralized finance, trust comes from authority and the authorization of centralized agencies. As the authority, the administrative agency controls the pricing power of assets. However, in different administrative regions, the circulation of value is more dependent on the relationship among regions. In terms of specific presentation, individuals must rely on their own labor to obtain equivalents recognized by the administrative agencies, i.e, assets, and these assets will change in value with the fluctuation of the administrative agency. From the perspective of liquidity, the circulation of assets must rely on the traditional financial channel, which lead to huge losses in it. Since the creation of Bitcoin, the greatest achievement of digital currency or blockchain is the realization of value transmission on the network under the premise of minimizing trust. It eliminates the bottleneck of capital flow and allows currency and value to return to their origins——i.e value is information, and the instantaneous flow without friction can be achieved through Bit (the smallest unit of information). The combination of the unlicensed and trust-free features of digital currency and blockchain technology, which gives it the opportunity to reshape the current financial and monetary system. The birth of Ethereum has greatly expanded the capabilities of Bitcoin as a currency and settlement network. For the first time, we have witnessed the rise of an expanding and self-improving financial protocol network.The Ethereum network has become a hotbed that nurtures a new financial and monetary system with strong vitality. We can carry out activities such as token sale, stable currency, decentralized trading, currency market, lending market, insurance, forecasting, games, etc. within a global range without permission, trust-free, and non-friction, thus starting the new historical chapter for open finance. In an open financial system, users always have control over their assets and do not need to rely on counter-parties (such as custodians or national sovereignty) to make financial decisions. The open financial system will promote faster and better innovation and iteration of financial protocols in order to provide better products and services to billions of people around the world.