Published: 2018-11-04 08:36:42
Aerum

What Is Aerum?

Aerum is an Ethereum-based project developing the next generation blockchain focused on programmable Peer-to-Peer finance. The project seeks to disrupt the FinTech industry through a smart contract protocol that is highly scalable, free, and real-time as well as optimized for decentralized finance and tokenization.

Additionally, Aerum will provide developers unique financial solutions that they can use to launch financial marketplaces, gaming ecosystems, and trading platforms. Through its solutions, Aerum anticipates becoming the industry leader due to its high performance and the low cost of chain linkage and assets transfer on the platform.

Besides, the goal of Aerum is not competing with Ethereum but being a supplement to Ethereum whereby it will become a high performance smart contract protocol featuring decentralized governance while benefiting from Ethereum security and hash rate as a means to secure its consensus and staking mechanisms.

How Aerum Bitcoin Cryptocurrency Finance Project Works

Aerum will deliver 500 tps, which is equal to 16 billion transactions per year with a minimum cost of 0.05 USD per transaction. Users on Aerum will be categorized into regular or delegated users.

Regular users are those without any stake in the Aerum ecosystem and have the ability to publish and design dApps on Aerum while earning tokens for their work. The Delegated users are those participants on Aerum who have undergone a scrutiny process to verify them. Such users hold stakes on Aerum and are recognized by the peer delegates who also vote for them.

Aerum Benefits

Free Transactions

Aerum is based on the Ethereum blockchain and is compatible with Decentralized applications; this enables the end users of the dApps to transact freely while at the same time ensuring that the transactions remain inexpensive for the business participants.

Faster Transactions

Aerum has a 99.9% guarantee of network availability and transaction speed, which is evident from the fact that transactions on Aerum will be completed in 5-10 seconds.

Scalable

The initial phase of Aerum will have a high throughput of 500tps, which could be scaled to 100,000+ tps combined with a fully functional network that is based on PetalChain scaling solution.

Powerful Cross Chain Atomic Swaps

These swaps provide an easy way to transfer tokens between Aerum and Ethereum through the cryptocurrency wallet. They also enable transfer of cryptocurrencies on major crypto exchanges

Governance Model

Aerum also features a practical governance model that is designed to suit the user’s business requirement.

Aerum XRM Token & ICO Details

The Aerum ecosystem is mainly powered by the XRM tokens. The functions of the token will include securing the ATMOS consensus on Ethereum mainnet, enables the holders to vote on crucial issues affecting the project since it operates the project’s liquid delegated democracy model. The token will also serve as the security deposit for the Delegates in Governance contract.

Aerum users will be granted access to the Aerum cryptocurrency wallet that is accessible via the web or mobile applications. The wallet is multi-functional and is compatible with atomic swaps, delegate staking, token issuance, tokens, and many more.

Parameters Of The ICO

  • Token: XRM
  • Token protocol: EIP/ERC-20 compatible
  • Token supply: 1,000,000,000
  • Token price: $0.06 per XRM
  • Sale date: October 15th 2018 – January 31st 2019
  • Accepted currencies: Ethereum, Bitcoin, Bitcoin Cash, Litecoin, Ether Classic
  • Soft Cap: 5,000,000 USD
  • Hard Cap: 20,000,000 USD

The views and opinions expressed in the article Legit Bitcoin Cryptocurrency Finance Project? do not reflect that of 48coins.com nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.

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