Buy Aleph Zero (azero)

Aleph Zero (AZERO): overview

Key facts about Aleph Zero (AZERO)

• Aleph Zero is a highly scalable public blockchain platform with instant block finalization.
• It uses a custom Directed Acyclic Graph (DAG) algorithm as an intermediary structure while maintaining the blockchain structure.
• The protocol relies on a leaderless asynchronous Byzantine Fault Tolerant (BFT) consensus mechanism called AlephBFT. This aims to maintain network security and resist malicious attacks even if some nodes malfunction. It ensures correct transaction ordering even after times of full asynchronity.
• Aleph Zero offers an opt-in privacy layer to ensure data and asset confidentiality.
• Aleph Zero leverages zero-knowledge proofs (ZKPs) and secure multi-party computation (sMPC) for the privacy layer.
• Aleph Zero uses ink! smart contract language focused on practicality and extensibility.
• Aleph Zero is an open-source project managed by a non-profit organisation. This aims to foster transparency and community involvement in the project's development.

What is Aleph Zero (AZERO)?

Aleph Zero is layer 1 blockchain engineered for speed and opt-in privacy, achieving efficiencies akin to conventional web2 systems. It upholds rigorous standards for data privacy and transaction security, while aiming for genuine decentralisation. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications.

What is the purpose of the AZERO token?

AZERO is the native coin of the Aleph Zero platform and is used to secure the network through staking, pay for network fees, and provide a basic unit of account on the Aleph Zero platform.

What are the token utilities of AZERO within the Aleph Zero ecosystem?

• Network fees
• Validator node staking
• Decentralised Exchange (DEX) swap fees
• Fees for asset-wrapping and bridging with the Aleph Zero’s privacy stack
• Governance voting processes

What are the main features of AZERO?

• High scalability
• Instant finalisation (0.9 s)
• Public blockchain with privacy-enhancing engine–offering both transparency and data confidentiality
• Opt-in privacy engine that is proactive to AML/CFT regulations (i.e. only users who pass compliance checks and KYC through ZK-ID system can enter the private setting, while they also have the choice to show their transactions to regulators, if requested)

What makes Aleph Zero different from its competitors?

Aleph Zero is a general purpose platform that can be used by anyone. It boasts low transaction times as 0.9s which can be maintained even on a large scale thanks to its own AlephBFT consensus mechanism.

With the scalable layer 1 infrastructure, it allows enterprises to benefit from using blockchain while not giving away their competitive advantage through an opt-in data confidentiality layer that is compliant with AML/CFT regulations. This solution makes the design sustainable and allows businesses to avoid costly maintenance of private blockchain systems on their own while benefiting from the efficiency of smart contracts (private and non-private) and supporting large-scale operations.

Tokenomics & Vesting

What are the AZERO Tokenomics?

You can learn more about the AZERO tokenomics here. 

What is the max supply?

There is no max supply. Current total supply 351,133,560 (initial one was 300M) with annual fixed inflation of 30M AZERO – so the percentage is decreasing each year.

What is the current circulating supply?

253,666,427 AZERO 

Did AZERO have a token sale?Yes. You can learn more about the token sale here. 

• 3M USD hard cap
• 3M USD raised 

Did the project have any private investment rounds?

• Diamond Atlas Capital
• UBIK Capital
• RR2 Capital
• In Square Ventures
• Necker Ventures
• Jun Capital
• Offbeat Ventures
• hodl.nl
• BlackDragon
• Genblock Capital
• PetRock Capital
• WW Ventures

The total amount raised in private and public sale was $15M.

Token allocations and vesting periods:

• Pre seed $0.04 [50M 16.667%] 50% TGE 50% 15 months vesting;
• Seed $0.005714 [50M 16.667%] 71.42857143% unlocked at TGE, 28.5142857% 6 months vesting;
• Early community $0.07 [15M 5%] 100% vested for 14-64 days;
• Public Presale $0.08 [55M 18.332%], 50% TGE, 12 months vesting;

Roadmap

The major milestones include:

• Release of bridging infrastructure (Ethereum bridge called MOST, Router Protocol integration, Polkadot zParachain bridge)
• Launch of Common private order book DEX
• Launch of on-chain privacy-enhancing engine

A detailed roadmap can be found here.

Partnerships

• Deutsche Telekom
• Kudelski Security

AZERO has also partnered with several enterprises such as Telefónica, stc Bahrain and investment companies such as Heartcore Capital, WW Ventures, Arca, Blockchain Founders Capital, and others for the Aleph Zero hackathon.

Team

You can learn more about the team behind Azero here.