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Aeron is a blockchain technology startup focused on improving flight reliability. The project team is actively developing a global decentralized data recording system for the entire industry infrastructure - from flight schools to a complete aircraft file cabinet. These data will reform the safety and transparency standards of global aviation.

The founder of the project, Artem Orange, has worked in finance and telecom for more than 15 years. He twice headed the mobile communications and satellite telephony companies Olive Telecom and Avenor, and has experience in launching several hi-tech projects.

Artem is originally from Belarus and now lives in Hong Kong.

The choice of the topic of flight safety for the new project was not accidental - the CEO of Aeron is a big fan of air travel.

Project in numbers:

ICO date: September 2020
Total amount of funds raised at the crowdsale: about $5 million
Current price per token: $1.74
Current market cap: $22.7 million
The platform is built on the Ethereum ERC20 blockchain

A little history

The Aeron cryptocurrency project is a startup based on blockchain technology, focused on improving the safety performance of passenger and cargo air transportation. The project team is making efforts to develop an advanced software product , characterized by a decentralized structure, which allows it to accurately record information about the aviation industry. Thanks to this, safety and transparency standards for aviation are automatically formed.

The founder and ideological inspirer of this project is Artem Oranzh, who has worked in the field of telecommunications services and finance for 15 years. In his career, he managed to twice occupy the position of head of a company operating as a mobile provider. He also has experience in founding and launching several high-tech IT projects. Artem himself was born in Belarus and now lives in Hong Kong, where he is engaged in activities in the field of creating and promoting cryptocurrency technologies.

The focus of the crypto project on creating software solutions based on blockchain technology in the field of increasing the level of safety of aviation transportation is no coincidence. The members of the Aeron development team are ardent fans of airplane travel. Therefore, the developers of the ARN coin decided to create a crypto platform capable of making changes to the algorithms responsible for aviation safety.

How it works

Aeron argues that a major problem in the modern airline industry is the deliberate misrepresentation of flight hours in order to save significant airline maintenance costs. A decentralized, immutable registry will help avoid falsification of flight data, aircraft maintenance records, and tracking of spare parts.

Blockchain storage will make it easier for aviation regulators to detect any inconsistent or falsified data. In addition, the Milti-sig authentication system protects the platform from information leakage and hacker attacks.

Once an aircraft's or pilot's log records are stored in a separate ledger block, they cannot be altered or tampered with and are available for public audit. The system will track pilot experience and verify aircraft maintenance (lifetime, technical specifications, scheduled replacement of spare parts) in accordance with the required standards.

Thus, pilots will receive an electronic, transparent and secure reporting system (flight logs), and passengers and other interested users will have access to a verified global database.

Ethereum uses a smart contract system. Each contract will guarantee that the transaction will be completed in accordance with the rules of the local market. In the Aeron application, they will serve as leases, aircraft refueling agreements, or cost-sharing agreements between private pilots and their passengers.

The platform will collaborate with national government agencies and international aviation agencies, including EASA and FAA, to ensure uniformity, transparency and compliance with the industry's legislative framework.

The company will present mobile and web versions of the aerotrips.com application.

Advantages and disadvantages

The global commercial flying industry is valued at nearly $750 billion. According to Aeron's white paper, the primary benefit for pilots in the near future will be "compliance with regulations and transparency for aviation authorities, increasing public confidence in pilot experience."

It turns out that the issue of “improving public trust” is quite worth it. Counterfeit pilot licenses and data substitution in flight records to circumvent restrictions on maximum weekly/monthly hours continue to be a huge problem for the industry.

Since human error is the leading cause of accidents, this is a chance for Aeron to provide a solution to the problem. Flight travel time, flight path, weather conditions - all these indicators can serve as confirmation of the pilot’s experience.

The project has already completed about a third of its roadmap, which is planned until the end of 2020.

In March 2020, the team plans to launch an online service for corporate clients.

Note to investors! Experts advise paying attention to this significant event.

Before “investing for the long haul”, wait for the industry to comment on the first impressions of working with the application.

Among the limiting factors that could hinder the development of the Aeron initiative, one can note the narrowness and conservatism of the air services market.

Aeron at the beginning of the year overtook the growth rate of the top 5 cryptocurrencies

At the end of December, Cryptofonia.com drew attention to what important issues are associated with the development of the Aeron token project. The aviation industry is what underpins the mobility of the modern labor market. In addition, the airline industry is the basis for the development of global tourism. Tourism as an industry is so fundamental that even just a slowdown in its growth rate, and this may be caused by consumer distrust of aviation services in the level of safety offered, will seriously affect the state of the global economy. The issue of aviation security, of course, also concerns pilots - the Aeron project is precisely aimed at transferring the maintenance of documentation necessary for pilots to blockchain.

Those who read Cryptofonia.com and were introduced to Aeron for the first time can now note that the token is showing significant growth: over the past seven days, it has risen in price by 8.24%, to $0.29467, as of early January 7th. Moreover, in daily terms the increase for January 6 was 5.66%. Thus, in terms of the rate of increase in price, ARN has surpassed all cryptocurrencies from the top 5 - this is confirmation that the growth of this token is not due to the rise in price of Bitcoin, but to internal reasons that are associated with the growing interest of investors in this crypto-asset. Moreover, Ethereum itself continues to fall in price - a logical consequence of the trend that tokens of various classes based on its blockchain (ARN is an ERC-20 class token) are generally growing in capitalization faster than the valuation of Ethereum is increasing. It's worth noting that ARN's 8.24% growth and corresponding investor returns are something that was impossible to achieve on Wall Street in 2020. At the end of the year, gold showed negative growth for investors - minus 3%, and key Wall Street indices also went negative: NASDAQ -3.8%, Dow Jones -5.7% and S&P 500 -6.2%. Cryptofonia.com is happy for those investors who first learned about Aeron from our posts on the site. After such a rise, there are two strategies: either take profit on at least part of your investment in Aeron, or walk, that is, hold it in anticipation of further growth in the future.

How to buy and exchange

The coin can be exchanged directly or through smart contracts, or purchased on crypto exchanges for BTC and ETH.

Currently, ARN can be purchased and sold on the following platforms:

Binance
HitBTC
Tidex
EtherDelta
Bit-z
Mercatox (there is a Russian-language interface)

On a note! The coin cannot be purchased for fiat money - only for bitcoins and ethers.

ARN token

The total supply of tokens is 100 million ARN. Of these, 12 million (60%) were put into circulation at the ico stage and subsequent sales.

The remaining 8 million are distributed for various needs:

20% allocated for ecosystem development
18% reserved for the development team
2% to cover administrative costs

The ARN token has several statuses:

a means of paying a paid subscription/transaction fee for journal entries;
commission for paid services (also accepted in fiat currency);
commission for providing clients with intermediary services;
currency (average payment value) for the purchase of aviation services;
payment method for access to data on flight schools, offers from private pilots, airlines and air fleet operators.

As an incentive to use the ARN, there are discounts for passengers on airfare bookings and airport services for pilots, such as aircraft refueling. The discount can be up to 20-30%.

Aeron

Aeron (ARN) is the new standard for aviation safety. The system has its own token.

Rate as of 08/14/2020

Rate:
0.072024 USD
Symbol:
ARN
Rating (CMC):
1005

How does Aeron work?

With the development of blockchain, data falsification will no longer be a problem. The advantages of the blockchain system include secure and completely transparent information storage for all users. Its protection is ensured by an authentication system using multi-signature, which allows you to prevent any changes to sensitive data.

In case of any discrepancy in data between any Aeron data sources with the ATC, pilot or operator, aviation authorities can quickly detect and correct the problem. Aviation authorities can also detect any pilots operating under an expired license.

The goal of the project is to create an “airline in your pocket” - a smart solution based on blockchain. It works very simply. The Pilot Application is used by the pilot to enter personal flight records. The company's application collects and verifies data received from aircraft operators, service organizations, flight schools and basic aircraft operators. In the event of any discrepancy in data between any Aeron data source, either Air Traffic Control or the pilot or operator, aviation authorities can quickly detect and correct the problem.

Aviation authorities can also detect any pilots operating under an expired license. As a consumer or flight school student, you have access to a verified global database through aerotrips.com. Blockchain can truly change this. Air travel is for everyone, and taking part in making travel safer has practical implications for everyone.

Benefits of Blockchain

A strong, distributed, unbreakable and cryptographically secure database. The block chain stores the encrypted code of documents, and once stored, the data is recorded forever.
An ideal place to store property rights, credentials, identities (of objects or people), agreements between parties, shipments and transactions.
No one can falsify, steal or hack the data entered into the blockchain. Transaction history is transparent to all users.
Blockchain supports smart contracts, which are a computer protocol that enforces, verifies, and executes agreements and ensures that contracts are executed in an automatic and transparent manner.

Aeron Token

Aeron (ARN) is an ERC20 compliant token with a fixed supply of 20,000,000 ARN. During the launch of a token, a fixed amount of ARN is created, after which no more tokens will be mined. Aeron utility tokens are created to finance the development and marketing of the Aeron project with its associated distributed database, online portal and applications.

Aeron is built according to the ERC20 standard and has a fixed supply of 20,000,000 ARN. Since Aeron is built in accordance with the ERC20 standard, it can be easily integrated into user wallets and freely traded through direct transfers or smart contracts. There is also the possibility of adding the Aeron token to cryptocurrency exchanges.

Over time, the total supply of ARNs will gradually decrease as tokens are withdrawn from circulation when, for example, someone holding an ARN loses their private keys. Thus, the ARN will be effectively deflationary. When Aeron receives ARN for the services provided, the tokens will be returned to circulation. The main practical value is that Aeron will charge a transaction fee in ARN for accessing the database with signing syslog entries and validation on the blockchain.

Token functionality

The Aeron utility token (ARN) will be incorporated into Aeron products. It helps improve product usage, enables ecosystem investment, and ensures access to and ownership of products. ARN is a self-tuning project. While the token will provide access to valuable features within the Aeron platform, it will not be limited to Aeron mobile apps. The Aeron Token can be used for the following purposes, creating revenue streams for Aeron and offering additional benefits to token holders:

Subscription fee/transaction-based fee for syslog entries
Commission for paid services (in fiat currency or Aeron tokens)
Commission for mediation and representation of clients
Currency (means of payment) for purchasing aviation services
Unlocking access to flight schools, offers from pilots and airlines

To encourage participation in the ecosystem and expand reach, an initial supply of Aeron tokens will be offered to flight schools, aircraft operators and airlines partnering with Aeron. By the time the initial tokens run out, it is expected that there will be a strong demand for tokens from users.

Unlike fiat payments for Aeron fees and commissions, fees paid in ARN will offer discounts, which will further increase demand. For example, when a base aircraft operator at a particular airfield provides services (refueling, etc.) to a pilot offered by Aeron, Aeron's commission may be paid at a 20-30% discount. Aeron tokens will be the currency of the aerotrips.com club, which offers premium access to offers from airline companies, special incentives and discounts.

ERC20 compatible wallets to receive your tokens. Wallets that are compatible with Ethereum tokens (ERC20 standard) and allow you to receive and view your token balance include:

MyEtherWallet (no download required)
Mist (desktop)
Parity (desktop)
imToken (mobile)
Metamask (browser plugin)

The total supply of ARN tokens is 20 million (20,000,000). Unsold tokens were burned. 12 million ARN tokens are in circulation, with another 8 million frozen and earmarked for distribution over a period of time in order to achieve network growth and create a reserve for the development and management team that makes Aeron exist.

Prospects and forecasts

By 2020, Aeron aims to capture 1% of the market, including airlines, private pilots, flight schools, and 10% by 2020. Expected revenues through 2020 will be just under $24 million.

Some experts predict great success for the application in reforming aviation and believe that the company is undervalued. Technological advantages, an experienced development team, low market capitalization and multi-functional use of the token provide reasons for increasing the value of ARN in the short and medium term.

Other experts doubt that investing in the project will yield high returns. The aviation market is very narrow, although rich. This niche is not empty. Flight planning apps like ForeFlight have already gained popularity among users. Therefore, a blockchain application needs to try very hard to differentiate itself from its competitors and “take off.”

In particular, on the popular Reddit platform, the community's opinion regarding the prospects of Aeron is also divided.

However, all parties agree that for interested groups the project can provide serious support and help solve their problems.