Aleph Zero & AZERO: Navigating the Next-Gen Blockchain
Aleph Zero is revolutionizing blockchain with a high-security PoS consensus and swift transaction finality. Harness the power of its native AZERO token in an ecosystem backed by $16.3M, paving the way for a more scalable, efficient decentralized future.
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Aleph Zero is a scalable, peer-reviewed DAG (Blockchain 3.0) designed to enhance multiple infrastructure layers in various industries, including healthcare, IoT (Internet of Things), ESG, and automotive. The developer has created a unique ecosystem with high speed, superb efficiency, and scalability features using secure multi-party computation research.
Aleph Zero is a Layer 1 blockchain with optimal security, low fees, and instant finality speed. The project has a wide range of implementations within Web 3.0 and DeFi apps that run on the principle of synergy between a private instance and a public ledger.
As a result, companies can develop and execute decentralized projects that recognize the high level of security and speed of a public DLT platform without compromising the privacy of every transaction.
Aleph Zero Origins
The project was launched in 2018 by five owners, namely Michal Swietek, Adam Gagol, Birk Hintze Thisted, Matthew Niemerg, and Antoni Zolciak. Aleph Zero is headquartered in Zug, Switzerland. As conceived by the proof-of-stake (PoS) protocol developers, the public blockchain operates on the Directed Acrylic Graph (DAG) model, which acts as an intermediate data structure with the blockchain architecture.
Aleph Zero Consensus
The protocol takes full advantage of the PoS consensus, where the AlephBFT conenoses system is peer-reviewed to provide ongoing security and high reliability. More importantly, the design blends with particular nodes that change every 15 minutes, considering the network's strategy to loosen centralization.
AZERO Coin Metrics
A PoS public blockchain uses its native token, AZERO, with a total supply of 300M coins, demonstrating an annual inflation rate of 30 million. The accepted reward system for ecosystem participants involves adding 2.5 million coins, with 10% earmarked for the ecosystem fund.
AZERO core values:
- Ticker: AZERO
- Price: $1.07
- Percentage staked: 71%
- Number of wallets: 58,286
- Total supply: 331,782,156
- Circulating supply: 228,664,310
- Inflation: 30,000,000/per year
- Volume: $1,332,555
- Market cap: $248,426,748
AZERO is a utility token necessary to ensure user interaction with the unique features of the blockchain network, including instant finality, scalability, and optimal security. The coin is also used as a reward for ecosystem participants, while transactions can be carried out between global users permissionless via the Aleph Zero blockchain.
Aleph Zero Use Cases
The platform's impressive capabilities help ensure interoperability, making smart contract and DLT systems effective solutions to a lot of use cases, including:
- Decentralized domain name system (DNS)
- Asset digitization
- Databases
- Smart contracts
- Notary signatory
- Automatic tax payment
- Internet of Things (IoT)
- Supply chain management
- Transparent public document access
- Automatic payments and shared revenue agreements
According to the project's founders, the platform's unique architecture can incentivize further implementation of Web3 solutions for real market projects.
Aleph Zero Tokenomics
According to the project's whitepaper, the blockchain will distribute coins with certain locking and vesting periods for each group of recipients. Here is how Aleph Zero tokenomics looks in detail:
- The development team receives 10% of the total supply, where 80% of the coins have a 4-year vesting period
- Pre-seed: 16.67%
- Foundation: 23.33%
- Seed: 16.67%
- Early Community: 5%
- Public Pre-Sale: 18.33%
- Public: 10%
The initial price of the token as part of the public sale in 2021 was $0.1, while allocated coins for the round were immediately unlocked for further development and implementation of the intended goals.
Aleph Zero Funding
The Layer 1 public blockchain has conducted four investment rounds and raised $16.3 million. Here is how the Aleph Zero investment report looks in detail:
- January 2, 2018 – Pre-Seed with $2M money raised and backed by: Genblock Capital, Node Capital, Moonwhale Ventures, Jun Capital, Skynet Trading, Supernova (fund), PetRock Capital, Kyros Ventures, Master Ventures, Black Dragon, and Exnetwork Capital.
- September 1, 2020 – Seed round with $2.9M money raised and backed by: Kyros Ventures, Skynet Trading, Exnetwork Capital, Moonwhale Ventures, Node Kapital, Genblock Capital, PetRock Capital, and Master Ventures.
- January 31, 2020 – Seed round with $2.85M money raised and backed by Exnetwork Capital, Skynet Trading, Moonwhale Ventures, Supernova (fund), Genblock Capital, Node Capital, Master Ventures, Kyros Ventures, Black Dragon, PetRock Capital, and Jun Capital.
- October 31, 2021 – Initial Coin Offering (ICO) with $9.9M money raised.
- February 14, 2022 – Venture round backed by RR2 Capital. Money raised: N/A
Aleph Zero has managed to capture the attention of the big players and secure the necessary investment to implement all phases of its strategy. The blockchain protocol was also powered by a world-class team of engineers who invented it to reach DLT mass adoption.
Aleph Zero Roadmap
According to the arranged roadmap, Aleph Zero builds the development and promotion of its product by expanding the functionality and adding new features, moving from Phase 1 to Phase 7. Q1 2022 was marked by the completion of 1-3 stages, allowing the project to move into 4, 5, and 6 phases, which include:
- Phase 4: Account explorer | Basic smart contract capabilities | Liminal-ZK and Liminal-MPC research | Basic node update mechanism | Validator elections | Benchmarks for Aleph-node and AlephBFT
- Phase 5: Custom web wallet | Bridges 1.0: Kusama, Ethereum | account explorer | Enable the community to run devnets
- Phase 6: Privacy (liminal prototype, private smart contracts) | Bridges 2.0: Polkadot, Cosmos, and BSC | Custom explorer | Advanced note update mechanism | Experimental transaction fees
More recently, the blockchain protocol announced its plans for Phase 7. Engineers intend to develop and execute Liminal 3.0 (MPC-based smart general contracts) and a gradual transition to full community governance.
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