Aion


Name

Aion

Summary

Aion is the digital currency of the OAN
-The open application network (OAN) is an open-source, public network.
-It was founded by Matthew Spoke and Ian Chan.
-OAN was the first project created by Nuco, INC, It allows the creation and hosting of apps. It uses the ethereum blockchain network

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Rating

B

Symbol

AION

Overview

Aion is a blockchain network that enables various chains to contribute, interact and communicate among themselves.

Aion is the native asset of the Open application network ( OAN ). It is awarded to miners and stakers for participating in the consensus of new blocks on the network. The developers generally use it to write to the network publicly.

Historical Price Movement (in INR)

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Technology

Aion can deliver and execute its processes through three abilities.
The first ability is to “federate, " allowing users to transfer data between themselves and ethereum.
The second ability is Aion Scales; according to the white paper, “ faster transaction processing and increased data capacity to all Aion blockchains”
The third ability is the spoke system which allows users to create and develop their blockchain with unique governance, consensus mechanism, issuance and methods of participation while linking it with the main Aion chain along with other chains
Aion uses the Ethereum blockchain which uses Solidity as its programming language. Aion the OAN has upgraded its protocol to include a new consensus algorithm, called Unity, which combines the elements of proof of stake( PoS) and proof of work (PoW)
Aion is mined using hybrid DPoS and Pol consensus with a Byzantine fault tolerance.
Use of Native tokens in the ecosystem: Aion tokens are used to power cross-chain transactions in the OAN.

Aion Foundation and Founding partners

40%

Public and Private TRS

51.5%

Private addresses

8.5%

Volume (As of 6th april 2022)

$7,659,283

Total Supply

$506,613,872

Circulating Supply

$501,505,081

Crowd Sales

Aion has raised a total of $22 million in four rounds of investment.

Funding

19/12/2018-Token sale(USD)-NA
01/01/2018-Token sale (ETH)-NA
09/10/2017-ICO- $22M
01/10/2017-Seed Round-NA

Country

Canada

Name of Organization

The Open Foundation

Year Incorporated

2017

Registered Address

Great lakes, Toronto, Ontario

Dispute Resolution and Governing Law

Canada

Country Risk Assessment

A1

Founding Team
NameDesignationEducationExperience
Matthew SpokeCEOUniversity of Toronto: Bachelor of Commerce, Accounting16yrs
Ian ChanCOOHarvard University Graduate school of Design University of Toronto: MBA, Global strategy and marketing27yrs