Aergo Coin: A Hybrid Blockchain Platform for Enterprise and Developers

Aergo Coin: A Hybrid Blockchain Platform for Enterprise and Developers

Aergo Coin (AERGO) is a cryptocurrency that is used as the medium of exchange and reward on the Aergo platform, a hybrid blockchain platform that aims to allow enterprises and developers to design, build, and deploy blockchain applications on public or private networks. Aergo is powered by the Ontology blockchain, and leverages its features such as identity, storage, and interoperability. Aergo also collaborates with various partners and platforms, such as Cobak, MBL Media, Travala, Bitvavo, and Blocktrades, to provide a comprehensive and diverse service for its users.

 

 

 

 

 

 

 

 

 

Coin Introduction and Features

AERGO was launched in 2019 as part of the Aergo ecosystem, which consists of two main components: the Aergo service and the Aergo token. The Aergo service is a web-based platform that allows users to access, manage, and deploy blockchain applications based on the Aergo chain. The Aergo token is a utility token that is used for economic activity and governance on the platform. AERGO has several features that make it attractive for users and developers of the Aergo platform and beyond. Some of these features are:

• AERGO is used as the medium of exchange and reward on the Aergo platform, which creates a circular economy and a positive feedback loop for the participants. Users can use AERGO to pay for network fees, cloud services, and other services on the platform. Developers can earn AERGO by creating and deploying blockchain applications, receiving donations and tips, and participating in various events and campaigns.
• AERGO is also used as the governance token of the Aergo platform, which empowers the community and ensures the transparency and fairness of the platform. AERGO holders can vote on various proposals and decisions that affect the platform, such as the content selection, the revenue distribution, and the platform development. AERGO holders can also delegate their voting power to other users or validators, who are responsible for maintaining the security and functionality of the platform.
• AERGO is compatible with the latest developments and innovations from the Ontology network, which is the underlying blockchain of the Aergo platform. Ontology provides various features and services that enhance the performance, scalability, and functionality of the Aergo platform, such as the ONT ID identity protocol, the NeoFS storage system, and the Poly Network interoperability framework. These features enable the Aergo platform to verify the identity and reputation of the participants, store and distribute the data securely and efficiently, and communicate and collaborate with other blockchains and platforms.

 

 

 

 

 

 

 

 

Market Analysis and Trends

AERGO has experienced significant price fluctuations in the past, mainly due to the supply and demand dynamics of the Aergo platform and the cryptocurrency market. AERGO has a maximum supply of 500 million tokens, which is determined by the inflation rate of the platform. The inflation rate decreases every year, until it reaches zero in 2039. The current annual inflation rate of AERGO is around 3.5%1. The demand for AERGO is influenced by the activity and popularity of the Aergo platform, as well as the external factors such as the price of ONT and other cryptocurrencies, the regulatory environment, and the market sentiment.

According to CoinMarketCap, AERGO is currently ranked 508th among all cryptocurrencies, with a market capitalization of $107.1 million and a 24-hour trading volume of $14.8 million. The current price of AERGO is $0.241, which is up 0.36% in the last 24 hours and up 17.5% in the last 7 days. The all-time high price of AERGO was $0.741 on April 2, 2021, and the all-time low price was $0.021 on March 13, 2020.

The price trend of AERGO is largely correlated with the price trend of ONT, which is the main driver of the Aergo platform and the AERGO generation. ONT has also experienced significant volatility in the past, reaching an all-time high of $10.92 on May 3, 2018, and an all-time low of $0.226 on March 13, 2020. The recent price movements of ONT and AERGO have been influenced by several factors, such as:

• The recovery of the cryptocurrency market in 2020 and 2021, which was driven by the increased adoption and innovation of Bitcoin, Ethereum, and other altcoins. The cryptocurrency market reached a new all-time high of over $2 trillion in April 2021, which boosted the demand and price of many cryptocurrencies, including ONT and AERGO. The market also witnessed increased volatility and corrections, which affected the price of ONT and AERGO as well.
• The development and updates of the Aergo platform and the AERGO project, which aimed to improve the user experience, the security, and the scalability of the platform. Some of the recent updates include:
  • The launch of Aergo Plus in March 2021, which is a premium subscription service that offers exclusive content, discounts, and benefits to the users. Aergo Plus costs 9,900 AERGO per month, and users can pay with AERGO or other cryptocurrencies via the Poly Network.
  • The integration of AERGO with various platforms and services, such as:
    • Travala, a leading blockchain-based travel booking platform, which added AERGO as a payment option in October 2020, allowing users to book over 2.2 million hotels and accommodations worldwide using AERGO2.
    • Bitvavo, a European cryptocurrency exchange, which listed AERGO in September 2020, enabling users to buy and sell AERGO with fiat currencies such as EUR, GBP, and CHF3.
    • Blocktrades, a popular cryptocurrency exchange and service provider for the Aergo platform, which upgraded its AERGO conversion service in August 2020, offering faster and cheaper conversions between AERGO and other cryptocurrencies.

 

 

 

 

 

 

Project Updates

The Aergo platform and the AERGO project are constantly evolving and improving, thanks to the efforts of the developers, the validators, and the community. Some of the latest updates and announcements for the Aergo platform and the AERGO project are:

• The launch of Aergo Studio in April 2021, which is a content production and distribution company that focuses on creating original and quality content for the Aergo platform. Aergo Studio aims to support and collaborate with talented and passionate filmmakers and content creators, and to provide them with a fair and transparent revenue share, audience data, and equal screening opportunity.
• The announcement of the Aergo NFT Marketplace in March 2021, which is a platform that allows users to create, buy, and sell non-fungible tokens (NFTs) related to movies and content on the Aergo platform. NFTs are unique and scarce digital assets that represent the ownership and authenticity of various forms of art, such as posters, trailers, scenes, and scripts. The Aergo NFT Marketplace will use AERGO as the main currency, and will leverage the Ontology blockchain and the NeoFS storage system to ensure the security and efficiency of the transactions and the storage of the NFTs.
• The integration of AERGO with Ledger Live in February 2021, which is the official app for managing Ledger hardware wallets. Ledger Live allows users to securely store, send, and receive AERGO with their Ledger devices, as well as access other features such as portfolio management, staking, and swapping.

 

 

 

 

 

 

 

Analysis and Recommendations for Investments

AERGO is a unique and valuable cryptocurrency that offers a medium of exchange and reward on the Aergo platform, a hybrid blockchain platform that aims to allow enterprises and developers to design, build, and deploy blockchain applications on public or private networks. AERGO has several advantages and disadvantages as an investment, which are:

• Advantages:
  • AERGO is used as the medium of exchange and reward on the Aergo platform, which creates a circular economy and a positive feedback loop for the participants. Users can use AERGO to pay for network fees, cloud services, and other services on the platform. Developers can earn AERGO by creating and deploying blockchain applications, receiving donations and tips, and participating in various events and campaigns.
  • AERGO is also used as the governance token of the Aergo platform, which empowers the community and ensures the transparency and fairness of the platform. AERGO holders can vote on various proposals and decisions that affect the platform, such as the content selection, the revenue distribution, and the platform development. AERGO holders can also delegate their voting power to other users or validators, who are responsible for maintaining the security and functionality of the platform.
  • AERGO is compatible with the latest developments and innovations from the Ontology network, which is the underlying blockchain of the Aergo platform. Ontology provides various features and services that enhance the performance, scalability, and functionality of the Aergo platform, such as the ONT ID identity protocol, the NeoFS storage system, and the Poly Network interoperability framework. These features enable the Aergo platform to verify the identity and reputation of the participants, store and distribute the data securely and efficiently, and communicate and collaborate with other blockchains and platforms.