Cryptocurrency systems like AirToken can be a little complicated, coming in at the ground level.
Still, with a little insight, it’s easy to see the appeal of a system like this, and why so many new users are coming over to it, every day.
Let’s take a closer look, shall we?
AirToken Mechanics: A Peek Behind the Curtain
AirFox has created a wide-ranging and comprehensive currency platform. But how does it do what it does, so well, and what do you have to gain from using this platform?
Internal Ledger
AirFox understands that, in order to give its clients the kind of service they deserve, the platform’s functionality needs to be upheld.
Server stability is of the utmost importance to the way our system works.
Which is why, to prevent the mainnet Ethereum blockchain overloading from excessive micro-transactions. It might be putting the cart before the horse to say this, but we anticipate user interest in our platform to outstrip anything it’s already experienced, and our goal is to be ready, when that happens.
We’ll prepare ourselves for this by maintaining an internal ledger of the number of AirTokens each user earns, as well as their complete, exhaustive transaction history.
But every big plan needs to start somewhere. Initially, the internal ledger is set to be a traditional relational database. Simpler data tracking, in order to create a more solid database to draw on, as the ledger develops.
In time, AirFox is set to transcend this small project, with fully auditable internal blockchain mechanics. Though it’s still undecided, this could work off of Raiden Network off-chain technology’s Hyperledger, from the Linux Foundation. If not this, then another internal blockchain technology.
The Ethereum Account
Because the AirFox Internal AIR Ledger uses tech that changes based on the changes of the internal blockchain mechanism being used, the mechnanism being used tends to change as well.
But here’s what we know for sure.
Users with AirToken platform accounts will be able to use their AIR balance in an Ethereum account to send funds to user accounts in the AirFox internal AIR ledger.
Meanwhile, the AIR Contract contains a function to transfer AIR tokens between Ethereum accounts, to and from the AirFox Reserve Ethereum account. This function, all things being equal, should take additional data, such as the AirFox user’s phone number, associated with the transfer.
From there, the process is simple. The AirFox Internal AIR Ledger is updated with the additional AIR held by this user, reflecting the new amount automatically. Conversely, if no user exists with that specific MDN (phone number) exists, the system holds onto the AIR until a point when a user with that MDN becomes active in the system.
The Question of Exchange Rates
It would be hard to talk about any digital currency without ever bringing up the idea of an exchange rate.
With an integrated cryptocurrency like AirTokens, with its rewards system and potential for associated services buying later on, exchange becomes an even more important concept.
Users use the integrated AirToken currency to purchase mobile data, as a standard service, and digital goods and services, and physical goods, later on.
The value of AirTokens is dynamic. It changes, based on a floating AIR exchange value, in and across the Ethereum network.
An average exchange rate on this currency’s value will be calculated periodically, in order to prevent it from sliding too much.
This will be used to price goods and services, to smooth out fluctuations in the value of these AirTokens.
Server Architecture
Because clients use this microservice via the AirFox Recharge and Browser mobile apps and browsers, we make use of cloud-based architecture to auto-scale the number of users logged in at any given time.
Purchases made on this server are automatically logged across multiple locations, and communicated with third-party services to help bring users in touch with AirToken platform rewards.