Project overview

The AERGO Project proposes to be a 4th generation “enterprise ready” blockchain protocol combined with an IT platform that uses new and more advanced technologies. AERGO has three major architectural functions, which together form the AERGO platform.

AERGO Chain is a proposed blockchain designed to mitigate issues currently experienced with public blockchains. AERGO Chain intends to deploy a delegated-proof-of-state (“DPOS”) governance model. It also intends to implement a novel score based autonomous delegation algorithm to enhance reliability and quality of service (“QoS”). The AERGO Chain aims to feature an SQL based smart contract platform as well as advanced features, such a distributed version and concurrency control.

The AERGO Hub will be a blockchain hosting service that acts as the public interface for building, testing, deploying and managing independent blockchains based on AERGO Chain. Enriched with tools and supporting services, AERGO Hub seeks to bring to life the AERGO Chain blockchain protocol and supporting services.

The AERGO Marketplace aims to enable the sale and purchase of peer-to-peer computing assets. These assets would include storage, computing power, algorithms, contents, etc. The AERGO Marketplace will be accessed via the AERGO Hub public interface.

 

Token model

The AERGO token is the proposed utility token to operate on the AERGO platform. The AERGO Token is broadly speaking intended to be the medium of exchange within the AERGO ecosystem. Additionally, these tokens aim to grant the holder the right to certain services available within the AERGO ecosystem:

  • Running the smart contract (AERGOSQL)
  • Staking for the DPOS consensus mechanism
  • Payment method for technical support
  • Payment method for AERGO Hub services
  • Payment method for services and assets on AERGO Marketplace
  • Payment method for the AERGO domain

 

Whitepaper

The AERGO whitepaper is detailed and thorough. It explains clearly all the different features of the AERGO platform, the token model, as well as the interactions between the actors on the platform. The roadmap, token distribution and go-to market strategy are also included which shows that they have a plan to drive adoption.

 

Team

Phil Zamani – AERGO Board
• Global VP Sales & Biz Dev. Internet Embedded Linux Appliances for Redhat Inc.
• Global Head of Big Data & Cloud Biz Models at Santander
• Senior VP of Cloud Biz Unit at Deutsche Telekom
• 20 years of open source and cloud business experience

Hun Young Park – AERGO Board
• Expertise in large scale and high-performance software design
• 12 years of experience in Relational DBMS and distributed solutions
• Researched and developed various data platform areas and AI
• KAIST, Computer Science. AI Lab, MS

Roderik van der Graaf – AERGO Board
• Founder of Lemniscap, an investment and advisory firm in the blockchain space
• 7 years of private equity/venture capital at Caldera Pacific and KCP Capital
• 13 years of equity derivatives trading at Deutsche Bank, HSBC, Rabobank, Bear Stearns, LIM Advisors and All Options
• B.Eng. Aerospace Engineering (University of Hertfordshire) and MSc. in Information Technology (Queen Mary and Westfield College, University of London)

Won Kim – Technology Committee Head
• 9 years of experience in Relational DBMS
• 6 years of research & development of distributed systems
• Boston Univ. Computer Science

Jane Lee – Financial Committee Head
• 7 years of experience in Strategy Consulting at Accenture
• Expertise in digital transformation, and technology commercialization
• Cornell Univ. Hotel Administration

Alison Shim – Ecosystem Committee Head
• 5 years of experience in Strategy Consulting at Accenture
• Expertise in go-to-market, and business development
• New York Univ. Economics and Communication studies

 

Roadmap

AERGO Roadmap

ICO terms

The public token sale lasts from September 13th to October 7th.

Ticker: AERGO
Token type: ERC20
ICO Token Price: 1 AERGO = $0.20 USD
Sold in Private Sale: $28.8M USD
Hardcap: 30,000,000 USD
Total Tokens: 500,000,000 AERGO
Available for Token Sale: 30%

AERGO is currently running a community campaign where they will give $3,000,000 USD worth of tokens to the community members who perform to most value-added tasks.

 

Token distribution

AERGO token

Use of proceeds

aergo proceeds

Community hype

Telegram: 32,041 members
Twitter: 3,564 followers

Strengths

  • The AERGO chain can process 1 Million+ transaction per second with their sidechain technology
  • AERGO not only offers an environment to develop dApps, but it also includes a marketplace where users can buy and sell computer assets
  • AERGO is supported by Blocko Inc. so they will be able to leverage their 25 million userbase to grow faster.

Red flags

  • Microsoft, IBM and SAP have already developed blockchain products specifically for enterprise implementation.
  • Using a DPoS consensus mechanism means that the AERGO blockchain will not be completely decentralized

Ratings

Team: 8.7/10

The team behind AERGO is impressive, being experienced in entrepreneurship, business, distributed solutions and blockchain technology. Additionally, they are supported by Blocko and backed by many notable investment firms.

 

Token Model: 7.75/10

The AERGO token model is solid. Indeed, the fact that the token is not only used as a mean of payment on the platform, but also as a way to participate in the governance of the network through the DPoS consensus mechanism.

Token Distribution: 6.4/10

The token distribution is quite decentralized but the fact that the lockup period for the team and advisors is short and that they raised almost the entirety of the 30M$ in private sale might lead to some big players having a huge supply of tokens from the start. This would give them a lot of weight in the governance, especially since AERGO uses DPoS.

State of the Project: 7.3/10

The fact that AERGO is already in Beta is great, especially since most ICO projects don’t even have a working product when they start raising funds. On the other hand, their roadmap is quite vague and doesn’t include technical updates.

Market: 7/10

The blockchain industry as been growing extremely fast since its inception. However, there are already many live blockchains where it’s possible to build Dapps, most notably Ethereum. It will be challenging for AERGO to compete with those already established blockchains.

ICON score: 7.4/10

 

AERGO Conclusion

At Icon Partners, we consider AERGO to be a promising project. The fact that it can reach 1M+ transaction per second means that it will be able to easily handle a very large number of Dapps running on it. Also, AERGO will be able to leverage Blocko’s existing 25M users to kickstart their ecosystem, which is something that new blockchains rarely have to chance to do. On the other hand, they will have to compete with already established blockchains such as Ethereum, EOS, ICON, etc. with a very dedicated userbase. They do however have a solid team and are backed by knowledgeable advisors, so we think there is a good chance that they will eventually become one of the big players in the sphere.

We encourage you to do your own research and come to your own conclusions when investing in an ICO. All the information in this review are either facts or ICON Partners’ opinions and should not be used as investment advice.

 

Links

Website
Whitepaper
Telegram
Twitter

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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.

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