WHAT IS AERGO ICO

6 min readOct 12, 2018

AERGO OVERVIEW

The purpose of AERGO is to develop an open source blockchain protocol that is “enterprise-ready”. By using its platform, businesses and developers will be able to easily design, build and deploy Block Block in the cloud with the option of deploying public or private blockben.

As the next generation blockchain, AERGO aims to solve issues of IT integration, software development, privacy, scalability and interoperability, which are present in today’s blockchain.

AERGO wants to be the first person to provide features such as SQL, responsive and isomorphic programming. It will also introduce a new software stack, including SQL, AERGOS and meteor. The target developers have to create a platform to easily create and deploy decentralized applications (DAPPS) within the cloud, with rapid transaction speed and lower operating costs.

The project has been supported and developed by Blockchain Infrastructure Provider Blockco Inc., established in 2014 with operating in the UK, South Korea and Hong Kong.

The AERGO will use the coinstack, an approved blockchan solution developed by Blocco that enables users to share data with a third party securely and efficiently, and 25 million users worldwide have already been deployed.

Works with many established companies, including Blockco Cisco, Hyundai-Kia Motors, KRX Korea Exchange, IBM, Microsoft Ezur, SK Telecom, Lotte Cards, Samsung SDS, LG CNS etc.

The AERGO Forum consists of three major components: AERGO Chain, AERGO Hub and AERGO Marketplaces.

AERGO CHAINS
Public Internet for blockages, which will be a SQL-based smart contract platform with more than 1 million transactions per second.

To enhance AERGO performance and maximize network stability, the assessee uses the Certified Evidence-State (DPOS) Government Model Model. It will also support the virtual machine to achieve interactivity.

AERGO HUB
Public interface of the AERGO chain will enable developers to create, test, deploy and manage independent block chains. The AERGO Hub is essentially a web-based blockchain hosting service (similar to the current public cloud web services) that provides various tools and services, and connects safe DAPPS using the AERGO chain.

AERGO MARKETS
A peer-to-peer marketplace for computing resources such as software applications and storage, computing power, algorithms, materials, etc. for AERGO Chain

Third party users such as service providers and cloud infrastructure vendors will be able to market their products and services to users of AERGO. The market will be delivered through the public interface of the AERGO Hub.

WHATS NEW IN AERGO?

This project is still in the working process, currently with the main net launch in early 2019. Bloco will be responsible for providing the project with the original technique including Konstack.

SikkaStack has been successfully deployed in many companies and is essentially the predecessor of the AERGO. While the Sikkaast is completely private, the AERG will be both public and private.

he project’s future development roadmap is as follows:

Q3 2018 AERGO Chain Alpha

Q4 2018 AERGO Chain Test Network

Q1 2019 AERGO Public Network (Main net)

Q4 2019 AERGO Hub & Marketplace for businesses and developers

THE TOKEN VALUE?

The original token of the AERGO Token Network is mainly used as a medium of exchange of various transactions and functions within the AROGO ecosystem.

The token will be used to encourage its three major providers — infrastructure providers, technology providers and service providers. After launch, it will be migrated to the AERGO main net (currently Q1 2019 is scheduled to be released). Uses of tokens include:

Smart agreement is running to enable various business products and services.
Award for DPOS Consensus Algorithm
Various services provided by the payment method, AERGO hub and the AERGO market for technical support, and other tools and assets.
AERGO Tokens should be appreciated in value because more enterprises and developers are involved in the network and use it. The adoption platform will be operated by the ease, use, speed, security and many other factors.

Team

The team currently consists of at least 36 people, including 3 people on the AEGO board, 3 committee head, 5 on the technology team and at least 25 additional people from the block. Biography of key team members are briefly below.

AERGO Board
Phil Jamiani — 20+ years of open source, cloud business and blockchain experience Currently BlockO’s COO The first positions include the Global Head of Big Data and Cloud Business Model in Benco Santander; Senior VP of Cloud Business Unit in Deutsche Telekom; Sales and Business Development VP at Internet Devices at Red Hat He has also worked in various roles in other companies including Cygnus Solutions, Synopsis, Novell, Springsource (now Pivotal) and others. In 2003, acquired an MBA in Entrepreneurship at Warwick Business School.

Hun Young Park — 13+ year experience in developing and distributing the database with expertise in mass and high performance software design. Currently CTO and Blockco’s Blockchain Research Development Director. Prior to TMXData, Principal Software Engineer and Senior Software Engineer in Tibero. In 2005, he received his master’s degree in computer science at KAST.

Roderick van der Graf — More than 20 years of experience in private equity, venture capital, and equity derivatives trading. Presently the founder and managing partner of Lemnskap (a blockchain investment firm) and Blockco’s advisor. First a managing director in Caldera Pacific and KCP Capital He also worked in various roles in Equity Derivatives Trading in Deutsche Bank, HSBC, Rabobank, Bear Stearns, LIM Consultants and all the options. In 1997, he received his master’s degree in Information Technology at the University of London.

Committee chief

Von Kim — 15 years experience in relational DBMS and distributed systems. Founder and CEO of Blocco and Technical Consultant of Lemniscope The first S-Core and TMXSoft had worked in the research and development of distributed databases and database administration. Bachelor of Computer Science in Boston University in 2008.

Jane Lee — 7 years experience in strategy consultation with expertise in digital transformation and technology commercialization. Currently BlockO’s Chief Strategy Officer The first Accenture strategy manager where he worked for more than 6 years. Bachelor Degree in Hotel Administration from Cornell University in 2009.

Alison Schim — 5 years experience in strategy consulting with expertise in well-known market strategy and professional development. Currently the main innovation officer in blocko. Bachelor of Economics and Communication Studies in New York University in 2012.

Project advisors include Eddie Allen, UK’s Ministry of Defense and former Director of Foreign and Commonwealth Office; Vincent Zhou, founder partner of FBG Capital; Sinha Lee, partner in GBIC; Riyad Hartani, founder of several technical startups, and others.

Project investors include FBG Capital, GBIC, Lemniscope, Rockaway Blockchann, Decrypt Capital, and Block Crafters Capital.

CHANCES FOR INVESTORS?

The project is supported by Blocko, an established company, which has so far distribute 23 In-Production blockchan systems (for 20 companies), supporting over 25 million users. Bloc is proposing to present AERGO to its existing customers so that the project can get quick traction.
Strong team which is balanced in terms of technical knowledge and professional development.
There is a wide range of potential use cases in many industries including financial services, manufacturing, distribution, insurance, health, government and the Internet of things.
Potential AROGOs can be bridged for other blockchain networks.

CONCERNS FOR INVESTORS?

DPOS consensus mechanism that will use sacrifice decentralization for erogo scalability.
Competition of R3, Microsoft, IBM, JP Morgan and other companies including SAP, which are trying to bring blockchain to the venture.
No MVP is available yet.

CONCLUSION FOR US

For a short-term and long term, our ideas of tokens are as follows:

ICON reminds me of one of the best ICO projects of the past year, in various ways (lots of existing enterprise users, Korean team supported by an established blockchain team) to AERGO.

We believe that the project will work very well with the gate in the current market environment.

Supported by Blocks brings many benefits (Blockben development, customer list, and experienced team in urgent recognition). It helps the AERGO both on technical and professional development front. Therefore, we believe that the AEGO has a good chance of being successful for a long time.

Many other cryptocourrency focuses on the technical side. Although it is important, we also believe that the team with the best technique is not necessarily victorious. This is to adopt user experience and technology that ultimately counts. This video tape format is best explained in the war well study business case.

For more information about the ICO, please visit the following links:

Project name: AERGO
Token symbol: AERGO Bit
Website: https://www.aergo.io
White paper: https://paper.aergo.io/AERGO_Whitepaper_v5.0.pdf
Hard cap: $30 million (token sale contributors will own 30% of the total token supply)
Conversion rate: TBA
Maximum market cap at ICO on a fully diluted basis: $100 million
Bonus structure: TBA
Private sale / white list: The private sale has completed. Details on the public sale and whitelist will be provided by the team soon.
ERC20 token: Yes
Countries excluded: TBA
Token distribution date: TBA