AERGO is a well-hyped product nowadays, and you, probably, heard that Blocko is its core technology partner, and most talents of AERGO came precisely from Blocko. But what drives these brilliant minds with dozens of successful projects behind to sally forth to beget one player for the already highly competitive Blockchain technology market?
Let’s try to figure this out.
Blocko is a robust, steadily-developing company from South Korea, which constructs enterprise-grade blockchain solutions and IT-services and helps organizations with designing, deploying, and managing real-business apps on a secure blockchain. Blocko partners with such giant corporations as Samsung SDS, IBM, Microsoft Azure, Hyundai-Kia Motors, Amazon Web services, and other big names.
Blocko’s brainchild COINSTACK (a solution that provides an all-in-one platform, allowing individuals and companies to establish and maintain a private blockchain infrastructure, as well as develop and run own decentralized applications) is being currently utilized by over 25 million people from over 20 well-paying companies.
This all may sound very promising and inspiring until you know one surprising thing: COINSTACK does have a number of inefficiencies, which compromise its performance and security:
The protocol is not flexible and scalable enough.
It is often not compatible with existing systems and softwares of enterprises.
Developers, not familiar with the blockchain technology face many difficulties with COINSTACK while creating apps on the base of it.
To eliminate these bottlenecks, Blocko decided to “correct the errors” and entertain the blockchain market with AERGO – an enhanced version of COINSTACK.
AERGO Stemming from COINSTACK
COINSTACK presents Blocko’s private blockchain protocol that is now serving multiple firms. Both AERGO and COINSTACK provide enterprise-level blockchain platform frameworks to enable programmers to write and manage customized blockchain solutions for a particular business sector or a particular organization with its unique needs.
Nevertheless, COINSTACK is entirely private, from whence node providers and apps here are self-contained within enterprises. Unlike its precursor, AERGO is a platform that leverages cloud architectures and harmonizes two absolutely different worlds of public and private blockchain networks by introducing the configuration for the deployment and management of hybrid blockchains.
As COINSTACK descendant, AERGO undeniably inherits many essential components from COINSTACK. Such as, Blocko’s main contributions to the AERGO platform include COINSTACK proven:
Functionalities such as APIs, Research & Development, a direct support center for users, SQL smart contract engine, and a user-friendly SDK for developers
Enterprise deployment frameworks
An extensive database of enterprise customer
Infrastructure and blockchain partners
Why there is no ICO for common people?
Why?
Because they are focused on having genuinely interested people as shareholders and are willing to reward these with tokens – that is why they are conducting a TDE instead of an initial coin offering (which you can decode as Token Distribution Event – more of it a bit later). On the other side, as you guess, holding an ICO involves a thousand problems. But AERGO does not want to waste sizeable time and money on legal issues, additional support, third-party involvement, KYC providers, etc. to run a crowdsale and to inevitably resolve associated stress like hacker attacking, cheating, difficulty with raising soft caps, and more.
Instead, AERGO will reward the members/geographic enablers that bring value to the project. If you invest your time and efforts into AERGO, AERGO will invest its tokens into you (it is the motto of their public TDE, which is, by the way, currently live). Such an approach is fostering a strong ecosystem, from which anyone will benefit. What a nice, altruistic idea, isn’t it?
But, truly speaking, they do not need any ICO because Blocko has managed to attract key sponsors and financial funds which have generously invested into the project. These are FBG Capital, Global Blockchain Innovative Capital, JRR Crypto, and some other influential players.
So, AERGO will grant its community 3 million USD. Their analyst staff will thoroughly evaluate each contributor and assign a Tier to only the most active participants that bring much value to the project and understand the AERGO idea. You can receive potentially large rewards based on your contributions, which include:
Engaging & facilitating discussions on their official social accounts and reputable discussion forums;
Sharing & commenting on their blog articles, giving your opinion on AERGO weaknesses and ways to eliminate them;
Discussing AERGO’s SQL smart contract syntax on Github;
Translating AERGO content into different languages, and performing some other related activities.
You can read more about this event and get familiar with terms of participation in their company blog on Medium.
Perspectives
Yet another initiative of Blocko, AERGO has all chances to be massively adopted among enterprises and different business sectors. Blocko will promote their new blockchain framework to their existing customer database, and the fact that AERGO is a stepped-up version of COINSTACK (which is already being exploited by over 25 million of users) will ensure an easy win. A refusal to carry out a crowdsale makes me personally think that AERGO tokens are likely to be uneasy to obtain, and this may drive the token’s price up. What can I add here? Hurry up to take part in their TDE!
U r right. That project can be very sucessful in future market
Also, I personaly like the idea of fair distribution instead of standard bounty programs and I hope that other clever project developers will do the same. Standards made a lot of poor quality works and spam. More creative way will reduce big part of these problems.
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