Project overview: AIAS — A private, instant-send low transaction fee cryptocurrency
AIAS coin is a cryptocurrency that aims to revolutionize the digital payment processing industry. AIAS coin can be used to pay for goods and services that accept it as a payment option. AIAS offers instant-send transactions at a low transaction fee and implements a reward system in the form of MasterNode technology. To set-up a MasterNode you will need to have a minimum of 1000 AIAS coins locked in your wallet.
AIAS coin has been forked from PIVX, which has been forked from DASH, which has been forked from Bitcoin. With each fork, teams aim to make the cryptocurrency better. DASH initially forked from Bitcoin to improve on the transaction speed and transaction costs, implementing instant-send. PIVX, formerly known as DarkNet forked from DASH to implement a community-based governance system and to step away from the Proof-of-Work mining algorithm to fully support Proof-of-Stake.
AIAS uses the XEVAN hashing algorithm and is fully Proof-of-Stake (PoS) compatible. XEVAN has a superfast block time of 180 seconds and it can process 127 transactions per second. 10% of the total token supply is pre-mined and goes toward future development of the project. The block rewards are divided on a 25% — 75% basis with 25% going towards stakers and 75% go towards MasterNodes. The advantage of staking AIAS is that you don’t need the 1000 AIAS tokens as collateral to locked up in your wallet.
To set up a AIAS MasterNode, there are some basic requirements like holding 1000 AIAS in your AIAS Wallet and you need a Virtual Private Server (VPS) with a minimum of 1GB RAM and 20GB diskspace available. You can use Vultr or Digital Ocean for instance to setup your VPS. After you have the basics you can continue with the installation of the MasterNode.
Installing a MasterNode requires some basic form of technical skills. When you follow the installation guide to the letter you will be able to easily setup the node. However, when you run into problems; for instance, when the MasterNode breaks down, it can get a bit tricky to reboot the MasterNode and get it working again. There are however helpful people at Discord or Telegram channels that would be more than happy to assist you with any issues that you may come across.
Besides providing a beneficial rewards system through the MasterNode option, the AIAS project has some nice additional features like SwiftTX, for the processing of instant transactions and the implementation of the ZeroCoin protocol for anonymous transactions.
On the AIAS explorer you can check the coins statistics. The AIAS explorer can give you information about: the current hashrate, mining difficulty, amount of MasterNodes, coin supply, MasterNodes geographic locations, wallet movements, rich list, network transactions and Return-On-Investment (ROI).
Recently the AIAS project has announced its first exchange listing. AIAS will soon be listed on AntMex, a new digital asset exchange. No specific date has been given yet as to exactly when AIAS is going to be listed. According to the AIAS team they are working on launching AIAS on additional exchanges, MasterNode presale purchases paid in Bitcoin go towards paying for exchange listing fees.
If you would like to know more about the AIAS project you can visit their official channels:
AIAS currently has an airdrop promotion: you can register through their telegram bot, @AIASAirdropBot
Investing in a ‘MasterNode’ coin is considered to be highly speculative. It can give you very high returns on your investment, but it can also be a complete and total waste of money. It all depends on the progress and professionality of the team behind the project. Can they get listed on a decent exchange with enough volume? Is the team anonymous or publicly known? Are they in it for the long haul? How many people are working on the project? I suggest to research a project well enough to be able to make a founded decision on whether or not to invest in a project.
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