AEG
A new era in information management. Based on Bitcoin, the AEGEUS project makes an infrastructure for storing, distributing and decentralizing information based on IPFS (InterPlanetary File System), a specifically addressable peer-to-peer communication protocol. AEGEUS (Hey Gus) from Greek means “shield”, they chose privacy and secure storage of information as the focus for their project.
- Exchange ticker: AEG;
- Block reward: 20 AEG;
- Block time 60 seconds;
- Confirmation of 6 transaction;
- Minimum storage time 1 hour .;
- The number of coins for MN 5000;
What is a project
POS 3.0 – AEGEUS is based on version 0.10 and higher of the Bitcoin database.
SWIft TX – The project offers SwiftX transactions, confirmed and ready for use in seconds, using a network of masternodes.
Masternodes – master nodes are rewarded for their time online and the service they provide.
IPFS – use the distributed IPFS protocol which allows secure transmission of information with access only to the intended recipient.
Data distribution - allows you to solve the problem of centralized storage of information using a P2P network.
Storage of information - AEGEUS creates a private space by spinning off IPFS with a reward for information storage.
Main characteristics
● AEGEUS feature is a PoS model with the ability to create a master node. This saves energy and creates the conditions for a stable and stable network operation. Thanks to this model, the transaction cost within the network is almost zero, it allows for micro-transactions between users.
● The reward for the block is distributed equally between the coin holders on the wallet and the master node. Everyone gets 10 coins from a block in which 20 coins.
● Thanks to this system, you do not have to wait long for a transaction, since the master nodes and the SwiftX system will allow you to instantly confirm them.
● With the help of IPFS protocol, it will be possible to create storage nodes, and remuneration will be charged for maintaining such nodes. User-provided information on the type: text, image or video, will be encrypted with special keys, and then moved to storage in the network.
Information can be transmitted via the P2P network. This makes the transfer of information cheaper and much safer, in contrast to the centralized storage and transmission of information.
Project Mission and Team
The final goal of the project is it is to become a decentralized network with a data storage function, possessing the characteristics of privacy, reliability and attractiveness for business structures.
16 people are working on the project, of which 5 are programmers. Since the priority of the project is privacy and data protection, the team members are in no hurry to speak publicly and reveal their identities, but mostly use pseudonyms and avatars. The team can be viewed on the official website of the project. They often host online podcast meetings where they interact with the community, answer questions, and share news. Quite a large community on social networks, 3000+ on Telegram and almost 4000 on Twitter. The project is developing actively, news and results are published almost every day. The community on Discord is friendly and helps new members integrate into the new environment.
The project looks ambitious. The team plans to add automatic synchronization of information of the wallets to an external device, as well as the introduction of the possibility of offline master nodes, so that coins can be stored on the ledger and at the same time receive rewards.
At the moment, the price of one AEG coin is 0.01 USD and this cryptocurrency is the most liquid on the CryptoBridge exchange. In total, there are 29 coins, and the trading volume according to Coinmarketcap is 320 USD.
Competitors and future plans
Of course, the project has worthy competitors such as SIA and STORJ, these 2 projects in the cryptocurrency market have long been able to earn their name. And as always, each project presents unique pros and cons. The Sia coin is mined on ASICs and today it is not profitable to mine it, while Storj is a utility token. Therefore, a project like AEG, with the ability to create a masternode and receive passive income, attracts attention.
The nearest plans for the guys are connected with strengthening their community, launching the platform in September and connecting partners to it starting in October of this year. In 2019, they will actively work on the platform, integrating privacy and the ability to download information into it.
Historically, the price of this coin has already grown in 15 times, now it is trading like most cryptocurrencies in the market at the very bottom of 0,01 dollars per coin, so there is every chance of buying a cheap node. With the change in price, the return on investment (ROI) parameter also changed, this can be seen on the chart.
The project sounds interesting, the storage and transmission of information is a problem of the 21 century, so AEGEUS can be accurately noted and followed the development of the project. If you believe in what they do, then you can observe their progress and at the same time keep one, or maybe even several master nodes of the project. Then this observation will bring more joy.