While we have been hearing of Blockchain networks in all places in this Cryptocurrency world, have we heard of Blockchain of Blockchains? Yes, AuxLedger is the Internet of Blockchain, a decentralized interconnected Internet to overcome the necessities of performance, customisability and interoperability. To put it in easy terms, AuxLedger pursuits to,
- Communicate between Blockchain networks, it can join two or greater blockchain seamlessly and enable transactions between them securely and at real-time speed. It is a Multi-Tier Blockchain architecture the place multiple networks are on a single community with full consensus and statistics integrity with no private information from one chain flowing into another.
- AuxLedger’s AuxNet can be customized to commercial enterprise & enterprise, allowing the designing of private or public Blockchain community adapting to special protocols.
- Distributed apps can be developed on these personalized networks the place sending records & transaction velocity is in actual time.
It is a tested platform where AuxLedger group has already on-boarded fifty three Million customers over the World’s biggest organisation Blockchain network for the State Government in India. It has already partnered with HPE, IBM, KPMG and NITI Aayog (the Think Tank of India) to construct their solution.
The Crowdsale
The Economy model of AuxLedger is special and with such a scale of Multi-Tier Blockchain Infrastructure, it desires to be made economically sustainable, providing excessive boom and incentivizing the Network which shall assist in securing it. The Genesis implementation of AuxLedger, therefore, gives in return the Blockchain gasoline “AuxChips” that powers the whole community for the early entrants acquiring administrative tokens, blockchain fanatics and neighborhood developers.
Auxchips & Auxgas
AuxChips are the administrative tokens on the AuxNet network and are created as one-time system restrained in wide variety which means no new AuxChips can be mined on the AuxNet.
The holders of AuxChips shall have:
- Ability to earn the right to mine New Blocks resulting into creation of AUXGAS, a fuel inside the AuxNet Network.
- Ability to deploy Multi-Tiered Network based on the number of AuxChips being held by the Network Owner and connects more nodes to the created Sub-Network.
- Ability to build Decentralized Applications (DApps) on the Network by staking the AuxChips.
- Ability to enjoy voting rights on key decision-making processes.
Token Supply
The grant of AuxChips is split into two, 60 Million made on hand to the public in the Crowd-Sale and 40 Million retained by way of the basis of the Community Development making a complete of a hundred Million AuxChips which is limited.
300 Million Pre-Mined AuxGas, the fuel for the AuxNet which secures the integrity of the Network shall be made handy and dispensed proportionately to the AuxChips holders while launching the AuxLedger’s AuxNet Network. New AuxGas can be mined through the AuxChips holders thru PoS (Proof of Stake) consensus model. AuxGas creations are dynamic unlike everyday Blockchain fashions and shall be primarily based on Demand – Supply; therefore an extra 2 Billion hard cap has been stored as the complete number of AuxGas on the Network.
AuxGas shall be utilized for Native Assets Transactions, Cost of Computation, Interchain Computational Cost & Contract execution and as Fee for node / Ownership switch on the AuxNet ecosystem.
AuxGas shall be on hand in the structure of ERC-20 token after the platform launches in 2019 making AuxChips usable in the AuxNet Network. At this time 300 Million AuxGas will be launched which means three AuxGas shall be distributed to every single AuxChip holder.
AuxChips Sales Roadmap
- Oct-2018 to Dec-2018: Token Pre-Sale Phase;
- Jan-2019: Distribution & Listing;
- Feb-2019: Cooling down Period;
- Mar-2019: Token Crowd Sale Phase;
- Apr-2019: Token Sale Conclusion;
Can you now imagine an infrastructure which can interconnect Blockchains seamlessly, securely without compromising its character privacies & priorities, Yes, that is precisely what AuxLedger is all about and additionally revolutionizing the Blockchain itself. As quoted above, AuxLedger has already built its World’s greatest enterprise Blockchain Platform on-boarding fifty three Million users (for a State Government in India) and partnered with World’s Top Companies HPE, IBM, KPMG & India’s Think Tank “Niti Aayog” to furnish options to their Multi-Tier Blockchain Needs. Be ready to Rock and be part of the revolution on the Internet of Blockchain – AuxLedger! The Pre-Sale shall start in Oct-2018. Keep Watching & keep away from the biggest FOMOs one would each and every ever see soon!
https://www.auxledger.org/
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