[ICO Review] AERGO
Disclaimer: This is not in any way professional advice, and is solely based on the author’s own opinion. This is not in any way an advice to invest, or not invest in the network.
AERGO is a blockchain protocol combined with an IT platform. AERGO has three major architectural functions, which together form the AERGO platform.
AERGO Chain is a public blockchain protocol designed to mitigate issues currently found on public blockchains. It features an SQL based smart contract platform and offers advanced features, such as distributed version and concurrency control.
AERGO Hub is a blockchain hosting service for building, testing, deploying and managing independent blockchains based on AERGO Chain. Enriched with tools and supporting services, AERGO Hub catalyses blockchain protocol and application development life-cycles.
AERGO Marketplace enables peer-to-peer computing asset in a fully decentralised and secure environment.
AERGO users can buy and sell computing assets such as storage, computing power, algorithms, contents, and more.
ICO
According to several ICO rating sites, the token sale for AERGO has ended. However, the fund raised shown is inconsistent for two main sites.
Nevertheless, it is safe to say that the private sale was a successful one. According to their blog post, the private sale was participated by some of the most prominent institutional investors from across the globe including Sequoia Capital China, which is the powerhouse in the venture capital and equity space and known for backing many of the most disruptive companies of history early on including Apple, Google, Oracle, PayPal, YouTube, Instagram, and WhatsApp.
There were even nearly a billion dollars in allocation requests during the sale but no more than the hard cap of thirty million dollars was raised during the private sale. Samsung-backed Blocko’s close involvement with the AERGO project was basically the leading factor in the overwhelming response and subsequent success of the private sale.
Current Progress
The following shows AERGO’s development roadmap.
The proposed roadmap and release schedule for the AERGO Chain; AERGO HUB and AERGO Marketplace. It is subject to change since it can be influenced by specific early-tester and early-adopter enterprise customers who have already expressed an interest in using AERGO.
And if you check out to their blog, they are actually accomplishing a lot with by forming partnership with various notable companies. Even their official telegram account with more than 30k members is relatively active, which is not surprising since icorating.com gave them a “high” on their hype score.
To learn more about this blockchain project, check out their official website! This is definitely one project that you would want to keep an eye on.
J.D.
