ATHERO - PROJECT REVIEW

toluene (47)in #crypto • 6 years ago (edited)

The world technology is in a transition stage, transiting from the internet age to the decentralized age. The internet according to Wikipedia “is a global contraction of interconnected computer networks uses the internet protocol suite to connect devices together worldwide. Data and information were the raw material for the internet age, with people sharing and transferring it (information) around the world at tremendous speed.

Blockchain and cryptocurrency have kick started the decentralized age, an age where power lays with no central authority and people can exchange information, monetary value across different geographical location with any regulations or restrictions. The development of smart contracts has made contract execution automatic by elimination of middlemen in the process. The Blockchain technology since its invention have successfully advanced into an integral part of different economy sector (like health, ecommerce, transportation, research, etc) by providing lasting decentralized solutions to real life problems encountered.

IOT (internet of things) is a technology that uses web-enabled devices or sensors to acquire, send and process sensitive data from different sources like smart watches, mobile phones, computers, vehicles, household appliances, etc for different purposes.

In this article, I will be evaluating an innovative Blockchain based project that aims to revolutionize the decentralized digital economy by combining two amazing technology (IOT technology and the Blockchain technology) to commercialize real world services. This innovative project is known as ATHERO.

Introducing ATHERO

Athero is a Blockchain based platform created to leverage the Blockchain technology to build a decentralized and reliable IOT system for the connection and interaction of several IOT networks in order to create real life solutions to the different challenges encountered by businesses and enterprises. Athero will usher in a new stage of decentralized digital economy by combining different amazing features like Blockchain technology, IOT systems, data sharing and finance to fashion an open source peer to peer internet network.

Existing challenges of IOT technology

Security
Cost of ownership
Scalability (data transfer speed)
Trust

ATHERO innovative solution

Athero is abreast of the present challenges the IOT market and will leverage the Blockchain technology in order to provide the much needed solutions. The Blockchain technology is famous for its amazing features (better security, increased capacity, decentralization, scalablity, etc) which make it possible to provide solutions to the most challenging of problems in different sectors or business.

Athero will utilize the Blockchain technology to solve the security issues and also increase scalability (data transfer speed), so that enterprises can build IoT systems capable of exchanging data with one another in the Athero ecosystem securely and at a faster transaction speed. Athero is a Blockchain with multiple side chains that allows different creators, businesses and application developers to utilize its features to create their applications functions. An example is a project that wants to build a dApp that will need IoT systems to function. Instead of building from the scratch, the developers can build the dApp on the Athero ecosystem and write their smart contracts to utilize the Athero IoT system to operate.

Athero Ecosystem Products

Athero ecosystem will provide the following services

Smart Car Parking
Wifi-ready Solar Smart Bench Network
Data Sharing
Air Analysis Sensors
dApps decentralized Exchange

ICO Structure

Athero will be distributing its THO tokens to early adopters and investors. THO token is a ERC20 token that will be utilize in the Athero ecosystem. THO have a total supply of 2,000,000,000 which will be distributed as follows

70% will be available for token sale

11% will be reserved for funding

The founders and team will be entitled to 9%

While the advisors, airdrop and bounty participants will get 2%,5% and 3% respectively

THO ICO Price is 0.04USD

In case there are unsold tokens from the token sale, the tokens will be burned. This is a good move in order to reduce the total supply for THO, which will lead to scarcity and increased demand for THO.