What is AION?
This piece of the crypto world is existing as a token. Aion’s network combines blockchain technology and an open source protocol. The people involved aim for an expandable chain, allowing machines to connect without any special configurations. Actually, the Aion token is seen as the mechanism, which will push loads of data among diverse blockchains using network bridges.
The AION coin and its significant feature FastVM are often related to Ethereum’s VM. It currently supports Solidity scripting language as well, letting decentralized applications to be implemented and worked with. This is great news for the 1.447 addresses it was distributed to. Back in 2017, it all started with a total of 465,934,587 Aion tokens.
Advantages
The strong team of professionals is more than ready to figure out and deal with every challenge occurring in the blockchain. A good example is the private chains’ interaction with the Aion cryptocurrency platform.
- Lock up period – stimulates early investors to become long-term Aion supporters
- Pre-launched partners’ list
- Private chains – Aion-1 becomes an easy connection to public chains
Disadvantages
There is one major flaw for the young Aion crypto token and that is its proof-of-intelligence mechanism. It is launched as experimental and could backslide.
- Potential delays – not announced platform
- Rolled out features oad
- Market share – vulnerable to competitors’ attacks
History and Evolution
The Blockchain Alliance of Aion was founded by Icon, Wanchain and the main company Nuco. Its CEO Matthew Spoke is connected to the ETH Enterprise Alliance as well. This union’s focus is pointed towards better blockchain connectivity. Here comes the token’s purpose. It is used to generate new blockchains, secure the network and create inter-chain bridges. All that is possible thanks to the dedicated team of professionals behind Aion. Bright example is the technical director Jin Tu. He has been involved with tech engineering for more than 15 years. Jin’s blockchain encounter continues fourth year already. Aion tokens are supported also by the knowledgeable consulting of New Alchemy. The person in charge, Peter Wassens, initiated several projects for BTC and soon became part of the Bitcoin Foundation. The tokens were first sold via ICO in June 2017 till November same year. The prices were 1 AION token = 1.00 USD, accepting the ETH Fundraising Goal: 20,000,000 USD.
AION’s Future
The Aion cryptocurrency is looking forward to 2019. The first step will be their Network Economics Paper, pursued by Phase 3 (the infrastructure of Aion’s network will be completed) plus testing the network, contribute to the code and building a dApp.
What is more, the development will continue with network bridging, AVM version2 and accomplished validator consensus system. Aion is making sure all that happens by providing its staff with top-notch tools and gadgets. This way, developers will build new programs and adjust existing ones smoothly.
AION Blockchain
The interchain communication is used thoughtfully with the Aion cryptocurrency. It appeared first as an ERC-20 on the ETH blockchain. Then, after some adjustments, it became an Aion coin and can now freely stream among both blockchains. This is a plus for the investors too, because they won’t have to change their ERC-20 (Aion Ethereum token) for the Aion-1. Both are literally replaceable. Such achievements inspire the team to want more. In this line of thinking, coins are the next major move. Aion’s main net was released in April 2018. Since then, every token holder can swap the ERC-20s to Aion tokens no later than November same year.
How to get AION at Exchanges
You can’t buy Aion tokens with fiat money. This is possible only with other cryptocurrency (BTC, ETH, USDT, BNB) and through exchanges. The top 3 that support Aion are listed below:
| Exchange | Buy AION with: | Buy with Fiat Money: | |
|---|---|---|---|
| Bitcoin, Ethereum | – | Trade now | |
| Ethereum | – | Trade now | |
| Bitcoin, Ethereum | – | Trade now |
Wallets for AION
In order to use, hold and/or trade your Aion tokens, an important component is required – a compatible wallet. You can safely use the official one. This is a local app, which enables the creation of an Aion address and executes receiving and sending actions. The Aion Desktop Wallet is compatible with Linux, Mac and Windows OSs.
Alternative Wallets
The official desktop wallet is not your only option for managing Aion in the crypto sphere. It is no longer a token, but a coin stored only in wallets, which support mainnet. Below, you will see the top representatives:
Desktop Wallets:
Mobile Wallets:
Compatible Hardware Wallets:
News
Social media is a vital and constant player in the crypto world. Aion follows these rules for sucess very closely and posts news, announcements and interesting facts on a regular basis. Below, you’ll find a link to their official Twitter profile as well.