Auran Token Standard

Building upon the concept of Omnichain Fungible Token (OFT) introduced by LayerZero, Auran unveils a specialized token standard tailored for Bitcoin and its associated Layer 2 ecosystems. Distinct from existing token protocols on Bitcoin, this new standard facilitates a unique method for conducting omnichain transfers. It operates by burning tokens on the originating blockchain upon the commencement of a transfer. This action triggers a protocol-driven message, culminating in a function execution on the target blockchain's contract to recreate an equivalent quantity of the obliterated tokens.

Each network will feature a unique implementation of the token standard, tailored to accommodate the specific characteristics and Virtual Machine of the network.