NEXTGEN BLOCKCHAIN FOR PROGRAMMABLE P2P FINANCE. AERUM ICO rating – not rated.
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Active ICO : 01/01/19 – 31/03/19
About AERUM ICO (token sale)
AERUM ICO is an infrastructure project developing a next generation Blockchain for programmable P2P finance – a real-time, scalable, permission-less protocol optimized for tokenization and decentralized finance.
AERUM’s ICO mission is to provide a complete and ready-to-use practical infrastructure for building and using dApps, while having fast and free transactions for end-users, high scalability and throughput, decentralized on-chain governance, built-in atomic swap mechanisms for transferring and exchanging assets with other blockchains (currently Ethereum-later others will be added), a full suite of software tools for end users (feature-rich web and mobile wallets), dApps operators (middleware) and liquidity providers.
Aerum ICO aims to provide a full- service solution to launch financial marketplaces, gaming ecosystems and prediction markets through its unique offering. Aerum ICO plans to become a number one platform based on Ethereum where virtually unlimited scalability can be achieved through building decentralized multiple chains by its participants, all due to the high performance of Aerum ICO and the very low costs of chain linkage and asset transfer as compared to Ethereum. Aerum’s ICO goal is not competing with Ethereum but supplementing it as a high performance smart contract protocol with decentralized governance, as opposed to a single-operator Plasma side-chain, while still enjoying the high security provided by Ethereum and its hash rate to secure Aerum’s ICO consensus and staking mechanisms.
Blockchains and cryptoeconomics are still in early adoption phase. Mostly, it is used by enthusiasts for concept proof. More mature blockchain with bulk of blockchain user base such as Bitcoin and Ethereum are operating at maximum capacity resulting in large delays in transaction execution. Sometimes it requires increase in transaction costs up to 10 times of long-term average or more to get executed in a reasonable time Speed of transactions – many use cases require much more transactions per second barring any near- realtime use cases (example – Visa with 50 000 transactions per second).
At intrinsic cost of processing a transfer transaction assumed by a service provider to be 0.05 USD (similarly to a small-ticket payment card transaction) it translates to roughly 750 Million of USD per year in intrinsic transaction fees.
That sum amounts to savings in transaction fees that would be paid by customers or services providers should they operate on blockchain at rate of 500 tps throughout the year.