Aergo general review

General overview

Aergo is a 4th generation blockchain seeks to enable enterprises and developers to easily design, build and deploy their own blockchain applications within the cloud. The Core technology of the project is based on COINSTACK from Blocko, leading company providing blockchain technology to enterprises and business. By developing SQL-based smart contracts Aergo opens up a new era of mass market usage of blockchain technology.

Technology

Aergo leveraging and building upon COINSTACK platform powered by Blocko and successfully adopted by 20+ enterprises with more than 25 millions of active users. Aergo Platform is formed by three main pillars: Aergo chain, Aergo Hub and Aergo Marketplace.

Aergo chain - public internet of blockchains, open source blockchain operating system.

Aergo Hub - interface into the underlying Aergo chain. Hub is designed to connect secure dApps with Aergo chain. All decentralized applications will be stored in one of the two repositories: Public Repository (shared and open infrastructure for dApps) and Private Repository (secure and private infrastructure for dApps).

Aergo Marketplace - a one-stop shop for software applications, computing resources and other services optimized for AERGO Chain. Aergo Marketplace significantly lowers the barriers to entry for users. In the future, Marketplace will offer users such digital capabilities as computing power (CPU), storage, machine learning algorithms, specialized databases, and others.

Aergo is using DPOS consensus algorithm (Delegated Proof of Stake). Similar consensus model was successfully implemented by EOS and BitShares. One of the main benefits of the project is proposing SQL-like scripting for writing smart contracts. SQL technology is traditional, well understood and easy to implement. Moreover, there’re millions of people in the world able to write code on SQL, far more than can write on Solidity.

In addition to the features described above, Aergo has the file system, called AERGOFS, seeks to further enhance Aergo’s scalability. AERGOFS is based on Facebook’s Haystack technology and operates like a modern day distributed file system, provide structured and unstructured data storage capability for Aergo chain.

Key backers and partners

The main supporter and developer of Aergo is Blocko. Blocko is one of the world leaders in providing blockchain-based solutions for enterprises and business. Blocko’s blockchain technology - Coinstack was successfully deployed by 20+ enterprises with 25 million users around the world.

Key backers: FGB Capital, GBIC, Lemniscap, Dekrypt Capital, Rockaway Blockchain, BA Capital, JRR Crypto, Block Crafters Capital, Chainfund Capital.

Token

Aergo token is utility token designed to serve different functions inside the platform and to be the medium of exchange within the whole Aergo Ecosystem. It is intended that the tokens are used for: running the smart contract, DPOS consensus algorithm and a payment method for the Aergo domain, services, and assets on marketplace and Hub services.

Here’s some info about token distribution:

Total supply of tokens is 500,000,000.
Tokens for sale: 30% - 150,000,000.
Community incentives and partners - 30%, 150,000,000.
Reserved by token issuer: 25% - 125,000,000.
Advisors and key backers: 10% - 50,000,000.
Employees of token issuer and affiliates: 5% - 25,000,000

Sale and use of funds

According to the official announcements, Aergo collected 28,832,654$ during private sale phase and almost reached it’s hard cap of 30,000,000$. It’s worth to mention that private sale was oversubscribed by over twenty times (~ 600 millions of dollars pegged). The rest of the funds (about 1,167,000$) will be distributed through the Token Distribution Event (TDE).

The use of collected funds is described below:

Research and development (R&D) - 40%,
Ecosystem incubation: 30%,
Marketing: 15%,
Strategic alliances and business development: 10%,
Miscellaneous: 5%.

Community

The project has a strong community without performing any airdrops and bounty campaigns. For now, the official telegram group includes 30k+ active people, despite the market conditions affecting the overall communities activity. Here’s other project channels and pages:

Website: https://aergo.io
Email: [email protected]
Github: https://github.com/aergoio
Telegram: https://t.me/aergoofficial
Announcement channel: https://t.me/aergoannouncements
Twitter: https://twitter.com/AERGO_IO?lang=en
Medium: https://medium.com/aergo
LinkedIn: https://bit.ly/2JLmPmB

Also, Aergo has several communities in popular Asian messengers Kakao, WeChat, and Weibo.

Kakao: https://bit.ly/2NPxvWJ
WeChat (CN only): https://bit.ly/2MAGl5X
Weibo: https://bit.ly/2NLY3rY