Aergo ICO Summary by MR ICO

zishuen (25)in #aergo • 6 years ago (edited)

What is Aergo

4th generation open source blockchain protocol that is highly scalable and “enterprise ready” which accommodates public and private chains.
Aims to overcome the challenges of utilization of blockchain technology by businesses such as IT integration, software development, privacy, scalability, and interoperability.
Enable users to design, build and deploy their dApps onto the blockchain easily with faster transaction speeds and lower operational costs.
Developers can also customize their blockchain and dApps on both private (permissioned) and public (permissionless) chains.
Includes a feature-rich middleware layer to help simplify connection with legacy enterprise software.
Smart contract platform that provides features such as SQL and common script languages.
Secure cloud-hosting over a distributed network is utilized to reduce the overhead costs of hosting physical infrastructure to run blockchain protocols and dApps.
AERGO Virtual Machine supports an array of programming languages, allowing programmers to code business logic into dApps and smart contracts in SQL, C++, Golang, JavaScript and Python.

3 Major Components of Aergo

AERGO Chain - Feature an SQL-based smart contracts platform for mass adoption, with more than 1 million transactions per second using sidechain technology. AERGO Chain utilizes a deterministic Delegated Proof of Stake (DPoS) consensus algorithm which sacrifices decentralization for scalability. It will also support the Ethereum Virtual Machine to achieve interoperability.
AERGO Hub - The public interface that will enable developers to build, test, deploy and manage independent blockchains. It provides various tools and services, and connects secure dApps using AERGO Chain.
AERGO Marketplace - A peer-to-peer shop for software applications and computing resources such as storage, computing power, algorithms, contents, etc.

The Parent Company - Blocko

Blocko is the parent company of Aergo. Blocko is founded in 2014 with operations in the UK, South Korea, and Hong Kong.
Blocko offers a private blockchain product for enterprises and has delivered 23 in-production blockchain systems, especially Coinstack, for approximately 40 companies supporting over 25 million users. Some of the companies Blocko works with are Cisco, Hyundai-Kia Motors, IBM, Microsoft Azure, Samsung SDS, LG CNS, etc.
Blocko is proposing to introduce AERGO to their existing clients so the project could gain traction quickly.
AERGO will be utilizing Coinstack, a permissioned blockchain solution developed by Blocko that enables users to share data with third parties in a secure and efficient manner. Note that while Coinstack is purely private, AERGO will be both public and private.
AERGO will leverage existing enterprise clients to encourage integration with the permissionless chain. When clients upgrade to Coinstack 4.0, the tech will be replaced by AERGO so that enterprises will by default have the option to build on and access the public network.
Despite the success of Blocko, it faces steep competition from companies such as R3, Microsoft, IBM, JP Morgan, and SAP, that are also trying to bring enterprises onto the blockchain.

Roadmap

Q3 2018 - AERGO Chain Beta
Q4 2018 - AERGO Chain Test Network
Q1 2019 - AERGO Public Network (Main net)
Q4 2019 - AERGO Hub & Marketplace

Tokenomics

Used primarily as the medium of exchange for various transactions and functions between service providers and end users.
Incentivize its three major providers – infrastructure providers, technology providers, and service providers.
Running smart contracts to enable various business products and services.
Reward for DPoS consensus algorithm by staking
Payment method for technical support, various services provided by AERGO Hub and AERGO Marketplace, and other tools and assets.
Used to purchase services on Coinstack before the launch of the mainnet

Team

The team compromise of 40+ employees, with most concurrently holding positions at Blocko. Employees holding dual positions in both Aergo and Blocko could impede the development progress of the project.
Strong team that is balanced in terms of technical knowledge and business development.

Team Member

Phil Zamani – COO of Blocko. 20+ years of open source, cloud business and blockchain experience. Held high-level tech positions throughout his career, such as the Global Head of Big Data & Cloud Business Models at Banco Santander; Senior VP of the Cloud Business Unit at Deutsche Telekom; VP of Sales and Business Development in Internet Appliances at Red Hat.
Hun Young Park – CTO of Blocko. 13+ years of experience in developing databases and distributed systems with expertise in large scale and high performance software design. Previously the Principal Software Engineer at TmaxData and Senior Software Engineer at Tibero.
Roderik van der Graaf – Advisor of Blocko. Over 20 years of experience in private equity, venture capital, and equity derivatives trading. Founder and Managing Partner of Lemniscap, a blockchain investment firm. Previously the Managing Director at Caldera Pacific and at KCP Capital. He also worked in various roles in equity derivatives trading at Deutsche Bank, HSBC, Rabobank, Bear Stearns, LIM Advisors and All Options.
Won Beom Kim – Founder and CEO of Blocko. 15 years of experience in Relational DBMS and distributed systems. Technical Advisor to Lemniscap. Previously worked in research and development of distributed databases and database administration at S-Core and TmaxSoft.
Jane Lee – CSO of Blocko. 7 years of experience in strategy consulting with expertise in digital transformation and technology commercialization. Previously the Strategy Manager of Accenture.
Alison Shim – CIO of Blocko. 5 years of experience in strategy consulting with expertise in go-to-market strategy and business development in Accenture.

Advisors

8 Advisors in total
Vincent Zhou - Founding partner of FBG Capital
Sinhae Lee - Partner at GBIC

Investors

9 Investors in total
FBG Capital, GBIC, Lemniscap, Rockaway Blockchain, Dekrypt Capital, Block Crafters Capital, JRR Crypto, Chainfund and BA Capital

Token Sale

Hard cap: $30 million (30% of the total token supply)
Maximum market cap at ICO on a fully diluted basis: $100 million

Influencers Rating and Community

Currently the top ICO in MR ICO spreadsheet (http://bit.ly/mricospreadsheet)
Total mentions of 18/ 24 by influencers such as ICODrops, CrushCrypto, CryptoBriefing, MoNoico, ICOPantera, Picolo Research and more with an average rating of 4.2/ 5.0
Lots of hype and positive comments going on in the ICO community