In the future, blockchains will federate data and value in a hub and spoke model similar to the internet. The future of mainstream blockchain adoption will be achieved by the development of a networked, federated blockchain to integrate these separate spokes. That integrated blockchain network is Aion.
Aion is a third-generation blockchain network that will enable any private or public sector organization to :
- Federate: Send data and value between any Aion-compliant blockchain and Ethereum.
- Scale: Provide fast transaction processing and increased data capacity to all Aion blockchains.
- Spoke: Allow the creation of customized public or private blockchains that maintain interoperability with other blockchains, but allow publishers to choose governance, consensus mechanisms, issuance, and participation.
At the root of the Aion network is a purpose-built, public, third-generation blockchain called Aion-1. Designed to connect other blockchains and manage its own robust applications, Aion-1 also provides the economic system that incentivizes interoperability in the ecosystem.
AION tokens are the fuel used to create new blockchains, monetize inter-chain bridges, and secure the overall network.
The power and benefits of AION Tokens
The AION token is the basic way of interacting within the Aion network and its major currency and drives :
OPERATIONS
The mechanics of the Aion-1 blockchain are powered by the AION token, including the ability for users to stake out tokens to support the validators of the Aion consensus process.
BLOCK CHAIN SOFTWARE APPLICATIONS
Developing applications on Aion-1 requires the use of AION tokens to access Aion Virtual Machine resources. Based on the complexity of the application, the AVM consumes tokens as fuel.
INTER CHAIN BRIDGE
To instantiate a bridge from Aion-1 to a participating blockchain, AION tokens must be plugged into a bridge registration contract. Once created, other nodes can join the bridge by staking out AION tokens as well. Fees for inter-chain transactions are set by bridges and distributed to the validators of these bridges.
PARTICIPATING BLOCKS
AION tokens allow you to access and create Aion-compatible participating blockchains.
Build your own Aion-compatible blockchain
Take the opportunity to experiment with an Aion compatible blockchain! Before our network is fully operational, we will continue to provide build-your-own-blockchain and alpha capabilities for AION ERC-20 token holders.
The release is a Nuco-built,production-ready, enterprise-ready and Aion network-compatible blockchain platform. The release comes complete with an ecosystem of tools and services that enable the next generation of blockchain functionality. Features are:
- Business quality and security, BFT kernel
- Massively scalable functionality for large network deployments
- Compliance with Enterprise Ethereum Alliance policies, development environment, and administration tools
- Java API with high bandwidth and low latency
With this platform, you can experiment with an enterprise-ready blockchain that is Aion-compatible, building the first foundations of the third generation blockchain network. Get access to our build-your-own blockchain with your AION ERC-20 tokens using our Binary Access Portal.
AION Token Distribution and Use...
Unlike other cryptocurrency tokens AION is slightly different and can be used in many era of the platform. AION is not a trademark for trading, exchange and speculation, it is worth more. With a total of 465,934,587 AION, the exit is never distributed in a single short period of time. Instead, there will be two phases for token-selling.
- The first phase is limited to 10 million tokens and has a simple pricing structure, which will take place at the end of 2017.
- The second phase will take place in 2018, after a major Aion milestone release has been completed. This second phase is also limited to 10M tokens.
Up to 465 million coins are issued, AION does not have a token at once, but they receive 3.78% each month for three years. This is a system that allows AION and NUCO to trade stock options to store tokens in bulk.
AION has a low soft cap target — $ 15 million
AION has a target alias Hard cap up to $ 45 million ICO is 50% of the total token Offer alias Conversion rate: 1 AION = $ 1
Maximum market capitalization: ~ 225 million USD on reaching the hard-cap mark, to confirm
Roadmap
Phase 1
The focus of the first phase in the Aion release schedule is the interchain communication and bridging infrastructure. With this in mind, phase 1 functionality will include:
- Modified, high-performance EVM
- Functioning bridging and interchain communication
- Modified proof-of-work consensus algorithm
Phase 2
The second phase of the Aion release plan is targeted towards the migration from our modified EVM architecture towards the proposed AVM architecture. Development priorities of this phase include:
- Aion Virtual Machine
- The Aion scripting language
- EVM legacy codebase continued support
Phase 3
The third phase finalizes the envisioned network infrastructure, providing infrastructure for fast, efficient interchain communication and interchain applications. In addition to the interchain functionalities from Phase 1, and the VM implementation from Phase 2, this phase will introduce our representative consensus including the representative consensus algorithm.
For More Information :
Website : https://aion.network/
Whitepaper : https://aion.network/whitepapers.html
Facebook : https://www.facebook.com/AionBlockchain/
Telegram : https://t.me/aion_blockchain
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1011815
Are we running out of names for coins now? Aion and aeon sound the same and would cause confusion