Price chart

Powered by CoinGecko

Genesis Date

2017-11-03

Market Rank

#

Based on Market Cap

What is Aeron

According to its whitepaper, Aeron aims to be the new standard of aviation safety powered by the blockchain. Maintained by a group of aviation professionals, Aeron wants to reduce air transport-related accidents, which it says currently numbers around 3302 per year. One of the major causes of such accidents is the lack of real experience among pilots, since unsecured flight log data from them is susceptible to fraud and forgery. Also, due to "pay to fly" experiences, corrupt flight schools, negligence of aircraft operators, the primary data driving any decision is affected.

Aeron is built upon a robust and cryptographically secure database that makes it unique compared to other online travel companies, travel search services or internal applications made for flight officials. With this technology, falsification of data can be kept at a minimum. Additionally, as you would expect from a blockchain-backed application, key information is safely stored and is accessible to everyone with 100% transparency. Except that it now comes secured by a multi-sig authentication system that prevents any type of security breach. According to Aeron's Whitepaper, "The pilot’s application is used by a pilot for personal flight logging. The company application collects and verifies data from aircraft operators, maintenance organizations, flight schools and fixed base operators".

Aeron (ARN) is an ERC20 compliant Ethereum based token, with a fixed supply of 20,000,000 ARN. When the token was launched, a fixed amount of tokens were created and after which no more tokens are to be minted. About 60% of the supply is estimated to be in circulation. The supply should decrease over time when ARN tokens as taken out of circulation. Once Aeron receives ARN tokens in exchange of services, the coins will be again released in to the network.

According to its whitepaper, Aeron plans to have a user base of 300000 by the end of 2020. This would encourage it to embed new features on its platform.

With the help of multi-app functionality and block technology, the company envisions to have an “airline in the pocket” of sorts within two years. While its price has fluctuated like most other cryptocurrencies, it delivered more than 15x returns within a short period between November 2017 to January 2018. As of July 2018, the price is nearly back to its November levels, at $0.57.

Aeron vs Stoic

It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.

There is no guarantee that In 5 years, ARNX would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of ARNX might derail its progress.

Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including ARNX.

Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.

The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.

Over 12,000 people already use Stoic to automate their crypto investing.

Other cryptocurrencies

Stoic
Made By
Official partner

Disclaimer:

This website is operated by Cindicator Ltd. (“Cindicator”), a Gibraltar private company. You are solely responsible for compliance with all laws that may apply to you and your use of Cindicator products. Cryptocurrencies and blockchain technologies have been the subject of scrutiny by various regulatory bodies across the globe. Cindicator makes no representation regarding the application to your use of Cindicator products of any laws, including, without limitation, those relating to gaming, options, derivatives or securities.

Depending on the jurisdiction, the use of Cindicator products may be restricted. You agree that Cindicator is not responsible for determining whether or which laws may apply to you and your use of Cindicator products. Cindicator may restrict the use of its products for citizens and residents of certain jurisdictions products. Please read our Terms of Use for further details.

2015-2021 All rights reserved.

support@cindicator.com

This website uses cookies to ensure you get the best experience