Here is the link. 5 months ago
Hi everyone, I’d like to share with you a project that I can’t believe is not in the top 50 yet: Aergo. It’s currently sitting at a measly 9 million market cap but it has the fundamentals and partnerships of a top 25 project. In my opinion all it needs is a little spark to moon into the top 100.
General Information:
Development of the project is led by Blocko, a Samsung-backed company that has been building entreprise blockchain solutions since 2014. Clients include Samsung, Hyundai, KIA, LG, Cisco, multiple departments of the Korean Government, the Korean Stock Exchange and the Abu Dhabi Royal Family. There is also a lot of Venture Capital backing the project including Sequoia and QCP Capital.
The Aergo mainnet is up and running at around 8000 (!) transactions per second:
The Aergo chain combines aspects of public (trust/decentralized) and private (performance/control) blockchains to cater towards enterprise and government level use-cases.Private blockchains on the Aergo platform run on a Leader-based Proof-of-Authority (PoA) consensus mechanism powered RAFT algorithm, while the public blockchain network, the Aergo mainnet, runs on a Byzantine Fault-Tolerant Delegated Proof-of-Stake (BFT DPoS) mechanism.
Partnerships: There are simply too many partnerships to mention, but I will highlight some of the more important ones:
- Aergo will be the underlying protocol for ALL Samsung Dapps that will be released for Samsung Galaxy devices in the coming years: https://thedailychain.com/samsung-collaborates-with-aergo-to-support-defi-app incubation/#:~:text=On%20July%2021%2C%202020%2C%20Samsung,for%20the%20Samsung%20Blockchain%20Service.&text=The%20protocol%20will%20also%20develop,including%20development%20and%20monitoring%20tools.
- Hyundai is using the platform to track the history of used cars: https://ca.finance.yahoo.com/news/hyundai-division-developing-blockchain-platform-105745154.html
- Partnership with the Korean government for land and real estate registry: https://medium.com/aergo/blocko-to-build-real-estate-consortium-chain-for-the-korean-ministry-of-land-infrastructure-and-d1a986e2aaef
- Aergo is currently expanding into the middle east, and have just setup a new consortium called e24p (https://www.e24p.com/) that is specifically geared towards that region. Additionally, they have partnered with the Islamic Development Bank and the Abu Dhabi Royal Family for a smart credit management system and Aergo will be used as the backbone for the Smart Dubai project:
As you can see, these are all real use cases, most of them already in production, and all using the Aergo protocol. There are also rumours that Saudi Arabia will issue their Central Bank Digital Currency on the Aergo blockchain.
Token metrics:
Recent Price $0.0373
Market Cap $9.858.191
Circulating Supply: 264.019.890
Total Supply: 500.000.000
Half of the tokens are currently circulating, 25% is in the foundation reserve, 10% is with the team and 5% with advisors. The rest is reserved for staking and community rewards.
Why does the token have value?
- Every smart contract executed requires a small sum of Aergo.
- Private chains also require Aergo to run and to be connected to the mainnet.
- The token is the means of exchange within the Aergo ecosystem.
- Maybe not the best reason, but the ICO price of Aergo was 0.28$. It is down 9 times from that price and has not pumped yet. So that leaves a lot of room to play!
Detailed Q&A with the Aergo foundation: https://medium.com/aergo/aergo-qpu-2020-q-a-answers-e17ec5c43a66
This is the real deal guys. Happy investing!