- Last Price₹1.42
- Market Cap₹168.87M
- All-Time Low₹0.28
- Circulating Supply118.16M
- Turnover (24h)₹301.91K
- All-Time High₹27.47
- Total Supply250M
- Fully Diluted Market Cap₹168.87M
Learned by 211 usersPublished on 2024.04.02Last updated on 2024.12.03
₹1.42
+1.49%Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.
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Areon Network, an ambitious project within the rapidly growing field of blockchain technology, aims to transform the landscape of cryptocurrency and decentralised applications (dApps). Designed as a next-generation layer 1 blockchain, Areon Network promises to enable fast, secure, and stable transactions while ensuring equitable transaction fees. At its core, this innovative network employs a unique consensus mechanism known as Proof of Area (POA), allowing users to own digital land, thereby enhancing user experience and engagement within the ecosystem.
Areon Network is a decentralised blockchain that serves as a foundation for scalable, user-friendly applications across various industries. It is characterised by its unique architecture, built on the Proof of Area protocol, which is designed to achieve high transaction speeds and exceptional scalability. The Areon Network consists of several integral components that contribute to its overall functionality:
Through these components, Areon Network aims to establish a holistic digital ecosystem where businesses and individuals can thrive.
As of now, the specific identity of Areon Network's creator remains undisclosed. While the project clearly outlines its ambitious goals and innovative approaches, the lack of information regarding its founder raises questions about the leadership behind this initiative. Clarity in leadership roles is crucial for earning the trust and confidence of potential investors and users alike, making it a vital aspect of the project's narrative.
Despite the promising vision put forth by Areon Network, details concerning its investors or supporting foundations are lacking in the available information. Investment backing is often critical for the growth and sustainability of a project, as it enables the development of the necessary technology and resources for its success. The absence of transparency regarding investor involvement may limit the project’s appeal to some potential contributors and participants in the ecosystem.
At the heart of Areon Network's operations lies its pioneering Proof of Area consensus mechanism. Notably efficient, this mechanism supports an impressive throughput of up to 600,000 transactions per second. This efficiency not only ensures rapid transaction processing but also strengthens network resilience through a combination of validator and delegator roles.
Additionally, Areon Network introduces a virtual world known as Areon City, where users can partake in various activities, such as exploring Area Lands and engaging in the Areon Market. The incorporation of digital land ownership within Areon enables individuals to possess virtual real estate and fosters user interaction and engagement beyond conventional cryptocurrency applications.
To understand the evolution of Areon Network, a timeline of significant events has been developed, outlining the project's journey and future aspirations:
Areon Network is carving out a distinct niche in the field of blockchain technology with its innovative Proof of Area consensus mechanism and comprehensive digital ecosystem. Although the current understanding of its leadership and investor backing is limited, the projected developments and strategic rollout present a compelling case for potential participants and stakeholders. By prioritising user experience, transaction efficiency, and comprehensive digital engagement, Areon Network is poised to make notable contributions to the Web3 landscape and the future of cryptocurrency. As the journey unfolds, the project holds promise for those eager to explore the forefront of blockchain-related innovations.
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