Hello friends,
After many days I am back with a new project called AERGO. Aergo is a South Korean project backed by Blocko Inc., and it claims that it is the 4th generation blockchain platform which is adaptable to the enterprise level applications and services.
Currently we are facing scalabilty issues in blockchain with ethereum and other networks. Ethereum is the most adopted smart contract blockchain platform existing. There after we have seen many projects claiming they will solve the scalabilty, fees, speed and governance problems that we are facing. We have seen Cardano, EOS, Tron, Zilliqa and other platforms coming up with attractive numbers and features but they are still in the development stage. Today we are going to talk about a new project, AERGO and how it is going to solve the issues with current blockchain and be a solution for it.
Aergo Intro:
A blockchain should be scalable as well as user friendly. Some blockchains like EOS are seem to be scalable but they are not usable as they are tough for some users. Here Aergo can lead the situation as they are going to develope such a blockchain where it will be easy for the developers and enterprises to easily build and design their decentralize applications. The main focus of Aergo is to make designing and developing applications as easy as possible for both the enterprisers and developers. This is what current industry giant enterprises are looking for.
Aergo is a blockchain powered company backed by Blocko Inc., a leading blockchain producer after IBM. Blocko’s BaaS solution Coinstack, which is based on the Ethereum Virtual Machine (EVM), has already been deployed to 25 million users in over 20 in-production systems. This means they already have experience with the challenges that accompany the deployment of a blockchain.
How AERGO works:
As their Whitepaper claims, Aergo has three elements that make the platform, Aergo Chain, Aergo Hub and Aergo market place.
Aergo Chain
“ Aergo Chain is a public internet of blockchains which contains an SQL-based smart contract engine. Delegated Proof of Stake (dPoS) is used as the consensus mechanism, similar to what is used in STEEM and EOS, and known for its high throughput capabilities.”
Aergo Hub
“ Through the Aergo Hub the users of the platform, mostly enterprises and developers, can access computing power for running their applications. It aims to be the web-based blockchain hosting service for managing separate independent private blockchains based on the Aergo chain. It is similar in nature to the popular public cloud web services of Amazon AWS.”
Aergo Marketplace
“ This is where the users of the platform will search for and purchase software applications, computing resources and all kinds of other services. It is simultaneously the place where third parties like cloud infrastructure companies and service providers can offer their products and services to users of Aergo.”
This simply makes sense that Aergo wants to build a fast, safe and scalable blockchain that is ready to be adopted by the enterprises.
Now the question arises, how the token utility works ?
Its simple as that More Utility + More Customers = More Demand
Here the customers will be enterprises and public agencies.
Roadmap:
The roadmap in their whitepaper clearly says that the mainnet will be released in Q1 2019 which is not too far that said the test net is almost ready as per their roadmap which is really interesting. Take a look at the roadmap picture..
Token metrics, Investors and Team:
The top investors in Aergo includes FBG Capital, GBIC, Rockaway Capital, Lemnis Capital etc.,
Token metrics:
Total Supply: 500 million
Tokens for Sale: 30%
Company reserves: 25%
Employees and Affiliates: 5%
Advisors/Key Backers: 10%
Community Incentives/Strategic Partners: 30%
Private sale has already concluded.
Team:
All the team members are well deserved and are efficient in their roles.
Phil Zamani: Vast experience in tech. Worked at Banco Santander (Head of Big Data) and Deutsche Telekom (Senior Vice President of Cloud Business Unit). Definitely seems to know how the business works.
Hunyoung Park: Blocko CTO with 10+ years experience in database development and distributed systems. Previously also worked as principal software engineer at TmaxData in Korea.
Roderik van der Graaf: Founder and Managing Partner at Lemniscap. Previously was the Managing Director of Caldera Capital. Very well connected in the VC world and blockchain space.
To follow AERGO developments please follow their official channels here:
Website: https://www.aergo.io/
Telegram group: https://t.me/aergoofficial
Twitter: https://twitter.com/AERGO_IO
Medium: https://medium.com/aergo
LinkedIn: https://www.linkedin.com/company/teamaergo/
Author: Kranthisenareddy4
