Aion (AION) Blockchain Platform - ICO Review, Rating and Details of Aion ICO (Token Sale) - Rating: Not Rated

The Aion Network is meant to be an accessible Blockchain platform enabling developers to build production grade Java applications on a Blockchain network. Aion aims to help transition the world to a fair and equitable Internet by helping the masses leverage Blockchain technology. The Aion Network prides itself on transparency and is designed to address unsolved questions of scalability, privacy, and security.

Aion focuses on driving blockchain-based adoption from developers through its Java-based virtual machine, an onboarding process with Aion Learn and Aion University, a catalog of plug-ins into developer tools and suite of application templates, as well as mobile API’s and SDKs. Aion’s Java-based virtual machine (AVM) allows for higher transaction throughput than solidity-based virtual machines, and it leverages the tooling of the existing Java Ecosystem. The Aion blockchain utilizes multiple client-implementations active on the mainnet – Java and Rust – providing accessibility and redundancy in the public network.

Problems & Solutions

Decentralized systems and technologies are critically important to ensure a fair and prosperous future. That said, decentralization has traditionally come with the tradeoff of disorganization and unreliability. As such, over the course of history, as societies and industries have developed, we’ve accepted, and become accustomed to centralized actors holding the responsibility of coordination and order in our most important systems. Recently, with the proliferation of blockchains, we’ve begun to imagine how decentralization might actually be achieved. With all the various new blockchains being built, as relatively small experiments across the world, we can get a glimpse at a future in which balance is restored. Ironically, while only starting down this path not a decade ago, blockchains are already being faced with challenges that are most easily addressed by the same old solution: centralization.

The Aion protocol is a solution to the fast growing, fragmented blockchain ecosystem. The Aion network will be the common decentralized system in which blockchains of any protocol, whether private or public, will be connected.

Features & Highlights

An ecosystem of decentralized infrastructure, tooling, consumer products, and education.

  • Coin Accessibility: An ecosystem of third party exchanges makes AION assets accessible for mainstream applications.

  • Development Tooling: Aions core kernel and Virtual Machine are written in Java, a language with over 20 years of tooling and workflow support.

  • Node Infrastructure: It’s easy to spin up your own secure node, or choose from a variety of hosted node infrastructure providers that support the Aion Network.

  • Consumer Wallets: Choose from an growing number of supported wallets on web, desktop, and mobile to store AION and assets created with the Aion Token Standard.

Token Allocation

"Public Sale","Private Sale and Pre-Sale Total","Aion Foundation","Nuco Global Inc." {"name": "Public Sale","value": 50},{"name": "Private Sale and Pre-Sale Total","value": 10},{"name": "Aion Foundation","value": 20},{"name": "Nuco Global Inc.","value": 20}

Token Utility & Use Cases

The AION Coin has four main purposes:

  • Main chain operations. Staking AION to participate in the consensus mechanism, executing transactions, and paying for transaction fees on the Aion network.

  • Using the token to access computer resources on a distributed virtual machine. (Similar to Ethereum)

  • Creating interchain bridges. AION will be required to bridge two blockchains and perform interchain transactions. Also known as Federate.

  • Create customized blockchains interoperable with others. You will be able to choose if its public or private, the consensus mechanism and issuance. Also known as Spoke.

Roadmap & Updates

  • Phase 1: Kilimanjaro
    • Virtual Machine - FastVM with EVM Source Compatibility
    • Aion Interchain - Token Bridge and Interchain Communication
    • Aion Proof of Work - Equihash 210_9
    • Aion Core - Multi-Chain Framework, Wire Protocol (P2P), Tx Pool, Event Manager
    • Aion APIs - Java API, Web3 API Compatibility
  • Phase 2: Denali
    • Aion Virtual Machine (AVM) V1.0
    • Aion Scripting Language
    • Proof-of-Intelligence
  • Phase 3: Everest
    • Participating Network Bridging
    • Complete Validator Nomination
    • Aion Virtual Machine (AVM) V2.0

Social Media Links

Twitter Updates