The developers are positioning Aion as a third-generation blockchain. Based on the platform, you can create cryptocurrencies, projects with the functionality of smart contracts, and decentralized applications. The purpose of the platform is to facilitate the interaction of all elements, which will allow you to completely abandon the services of third parties.
Establishing connected channels between blockchain projects is the main task of Aion. An example is the work of banking institutions: to convert fiat currencies into digital assets, you have to resort to the help of third parties. Intermediary services are time-consuming and costly.
Aion developers offer the community an Internet for blockchain platforms where interaction takes place within the same network. And it’s not just about converting currencies or paying for services. The project provides an opportunity to exchange data, work together on projects, etc. Such a mechanism expands the capabilities of the blockchain sphere, optimizes functionality, and eliminates intermediary services.
The main features that the Aion platform provides:
- Increased scalability and performance of the system, contribute to the rapid exchange of data and high transaction speed.
- Combining blockchain projects and applications into one common network with Aion and Ethereum.
- Based on the Aion platform, users can create applications that are already integrated into the system.
To realize this potential, the developers have undertaken the following:
- created a platform for data exchange based on a smart contract Ethereum;
- introduced an innovative consensus mechanism (proof of intelligence);
- developed a whole infrastructure that expanded the network and allowed not only existing projects to be connected to it, but also applications at the development stage;
- created an advanced design platform that supports a variety of algorithms and protocols.
The Aion network breaks down the barriers that prevent full interoperability between blockchain projects. It’s a whole ecosystem that keeps the network running smoothly.
Project capitalization and the cost of cryptocurrency
Trading in the AION coin became possible on October 18, 2017. The initial cost of the asset is 60 cents. Almost immediately, the quotes of the digital currency began to move smoothly along an upward trajectory. The first all-time high was established in less than 2 months – $ 6 per coin, and the capitalization was $ 250 million.
Then there was a slight pullback, after which the upward movement continued. The current all-time high is set at $ 11.1 on January 10, 2018. At that time, the capitalization of the project was $ 680 million.
After that, the cost fell significantly but did not fall below the psychological level. Mostly the asset is trading in the range of $ 2-5. The current value of the cryptocurrency is $ 3.32. At the same time, the capitalization is $ 442 million. In the overall rating, the project takes 55th place.
In total, 115 million coins were launched into circulation.
Mining cryptocurrency AION
The digital currency operates on the Equihash algorithm and supports the PoW consensus principle. During the first 12 months, the mining reward was fixed at four and a half million coins.
In the future, the reward will be calculated according to the inflation model of 1%, which assumes the loss of coins during use. This model is good in that it stimulates growth and ensures the further development of the network as a whole.
Is it worth investing in AION?
The idea put forward by the project was warmly received by investors and the crypto community in general. Of course, this can be considered a positive sign. The third-generation network that unites all kinds of projects will help raise funds through its innovative solutions.
The project has no problems with financing, and this underlines the existence of prospects for further development. In addition, the firm has already implemented most of the roadmap. Therefore, the determination of the developers to realize their ideas 100% does not raise any doubts.
Despite the relatively insignificant price and market capitalization, the AION cryptocurrency is considered a profitable investment tool for both short-term and long-term investments.
Many analysts and experts believe that the high level of the market activity of the crypto asset in question allows you to consistently make money on the dynamic amplitude of price fluctuations. Therefore, even by investing the minimum amount of money, you can get a significant profit in a day, and all this is due to fluctuations in quotations.
Without a doubt, the AION cryptocurrency is of genuine interest to investors. In addition, you can make money by trading.
