Status Update on Aurox
Overview: Aurox, known for its robust wallet and trading terminal, has faced significant challenges in the past years and project updates fail to be delivered. Despite an effective rollout of its wallet and terminal, the project has seen minimal activity for the past year, with no activity on discord, youtube and no substantive post on X either.
Key Concerns:
Community Engagement: Lack of updates and interaction from the team.
Financial Decline: The Fully Diluted Valuation (FDV) has plummeted to under $4 million from a peak market cap of $140 million.
Original Investors : Staked tokens and liquidity are being unlocked as investors cut losses, indicating potential further declines for the $URUS token.
I did see some information regarding Kucoin and potential legal action due to the exchange "wash trading" the projects tokens. So I want to believe that the team didn't rug.
Advice for New Investors: Given the ongoing inactivity and financial downturn, caution is advised. Investing in projects with low valuations carries significant risk, particularly when there are no signs of revival.
Prospective investors should wait for clear signs of project resurgence before committing funds.
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