* Aution is a decentralized autonomous organization (DAO) that governs the Aution Protocol, a blockchain-based platform for conducting auctions. * The Aution Protocol uses a unique bidding mechanism called the "ascending clock auction" which is designed to be more fair and transparent than traditional auction formats. * The Aution token (AUC) is the native currency of the Aution Protocol and is used to pay for gas fees on the platform. * AUC is also used to participate in governance of the Aution DAO.
**Recent News**
* Aution Protocol v2 was launched in September 2023, introducing a number of new features and improvements. * The Aution Protocol has been integrated with a number of popular NFT marketplaces, including OpenSea and Rarible. * The Aution team has announced plans to launch a decentralized exchange (DEX) for AUC in Q4 2023.
**Disclaimer**
This is not financial advice. Please do your own research before investing in any cryptocurrency.
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