AION " Integrated Network Blockchain "

alphoetro (25)in #cryptocurrency • 7 years ago

The development of technology that more advanced network development will also increase blockchain, blockchains will be developed with a wide range of data and the value of the hub and similar models to the internet. The future of technology-based platform blockchain will be achieved with the development of the network. Aion is the integrated network blockchain. Aion blockchain is a network of the third generation that will allow public or private sector organization.

The Aion protocol enables the development of a federated blockchain network, making it possible to seamlessly integrate dissimilar blockchain systems in a multi-tier hub-and-spoke model, similar to the internet.

AION ENABLES USERS TO:

FEDERATE
Aion facilitates inter-blockchain communication via a high-performance bridging mechanism. Multiple bridges between pairs of chains allow both data and value to transfer between chains.
SCALE
Aion addresses the issues of scalability and performance by introducing a new high-performance virtual machine, and by enabling applications to operate across multiple chains.
SPOKE
Aion allows custom blockchain design, including different consensus algorithms and virtual machines, without sacrificing interoperability with other blockchains.

The Network

The Aion blockchain network is like a computer network that makes it possible for dissimilar systems to communicate.

The Aion network will pass logic and value among participating blockchains as freely as liquid assets, where every transaction occurs without centralized intermediaries.

The Aion network will be centered on a public, purpose-built third-generation blockchain called Aion-1. Designed to connect other blockchains and manage its own robust applications, Aion-1 also provides the crypto-economic system that incentivizes interoperability in the ecosystem.

AION Token

AION token originally offered on the Ethereum blockchain as a sign of ERC-20. Soon Aion network operational, evidence of the ERC-20 can be seamlessly converted to AION network token, and will continue to be able to flow freely back and forth between these two blockchains.

The Power and Utility of AION Token
The AION token is the fundamental method of interaction within the Aion network and its primary currency, powering:

AION-1 OPERATIONS
Mechanics of the Aion-1 blockchain are powered by the AION token, including the ability for users to stake tokens to back validators of Aion’s consensus process.
BLOCKCHAIN SOFTWARE APPLICATIONS
Developing applications on Aion-1 requires the use of AION tokens to access the resources of Aion Virtual Machine. Based on the complexity of the application, the AVM consumes tokens as fuel.
INTER-CHAIN BRIDGES
In order to instantiate a bridge from Aion-1 to any participating blockchain, AION tokens must be staked into a bridge registry contract. Once built, other nodes can join the bridge by also staking AION tokens. Fees for inter-chain transactions are set by bridges, and distributed to the validators on those bridges.
PARTICIPATING BLOCKCHAINS
AION tokens can be used to access and create customized Aion-compatible participating blockchains.

AION Token Sale Mechanics
We’ve designed a sale structure we believe offers the right incentives and enables access to a diverse range of purchasers. Read our sale mechanics paper or visit our blog to learn more about our sale structure.

https://blog.aion.network/salemechanicsupdate-ce2d83fd5306

Planned Token Allocation

TOTAL TOKEN SUPPLY: 465M TOKENS
FOUNDATION + NUCO: 40% (185M TOKENS)
PUBLIC: 60% (280M TOKENS)
As part of the Aion team’s commitment to the long term success of the project, AION network tokens allocated to the founding company (Nuco Global Inc.) and the Aion Foundation will be distributed according to a three-year release schedule.
The final token allocation is subject to change as a function of Token Sale mechanics as outlined in the sale mechanics paper.