What is AION?
How to buy AION
There are a lot of advantages that AION cryptocurrency has. This is decentralization, anonymity, and privacy. That’s why a lot of traders want to buy it.
- Choose a wallet. Any type of cryptocurrency is kept in a digital wallet. There are a lot of different wallets including cold storage and hot wallets.
- Create an account on an exchange. AION is a fairly well-known cryptocurrency. Due to this, there are a lot of different exchanges such as Beaxy and many others. The first is an compliant U.S. based exchange. It is recommended to use the services of those exchanges which support fiat money. To open your Beaxy account, go to Beaxy.com, click on register, and fill out the form. Once you are able to log in you can upload your identification documents to complete the KYC process.
- Now that you have a verified account, you will need to add BTC to your Beaxy wallet in order to use the AION-BTC trading pair. Add BTC to your account by making a deposit or by purchasing BTC with your credit or debit card on the SImplex portal.
- When the BTC becomes available in your Beaxy wallet, you can now start trading. Go to the AION-BTC trading pair on Beaxy and enter an order for the amount of AION you would like to buy. Complete the trade by clicking the green buy button.
AION value and price
The AION Platform wants to connect different blockchain projects to help them interact with each other without any intermediates. Since there are many cryptocurrencies, this technology will definitely be sought-after. The number of tokens increases every day, and there are a lot of projects that have been created to achieve this goal.
AION platform is positioned as a third generation of Blockchain. The first generation was the decentralized coin that can be used as a payment method. The second generation is smart-contracts with full application functionality. AION creators want to integrate electronic money and smart contract into one decentralized ecosystem.
This system has three main features:
- Different digital projects are connected into one ecosystem compatible with both Ethereum and AION.
- This network has a regularly increased performance, and the speed of transactions is higher compared to other projects.
- Users can create new blockchains that have already been integrated into one system.
There are some tasks which developers want to achieve to implement these features:
- Creating an infrastructure and instruments that can make the network wider and include existing and developing projects.
- Creating a platform based on Ethereum that can help users to exchange information and money with other people.
- An innovative consensus mechanism implementation.
AION tries to create something similar to the internet, but for digital tokens. This is significantly more than simple transactions with electronic currency, it is trading these assets or using them as a payment method.
At the moment of writing this article, AION cost 0.11 USD. The market capitalization was $47 383 332.
If we talk about tendencies of this digital asset, there is currently a certain falling trend. Previously, the price of it had been growing for almost three months. The highest point was on the 9th of June and now, there is a downward trend.
If we talk about prospects of AION development, which is very important due to a regularly growing number of different tokens, this technology can make the sphere of digital projects wider and can integrate them with one mechanism.
AION advantages and disadvantages
The idea of this project isn’t new. There are a lot of competitors that try to deliver the same features. For example, this idea was offered by ICON and some other projects. Yet, developers say that this fact says that there is a great need for this idea.
At the same time, you should understand that there is a big risk if you want to invest in this asset because of the lack of real advantages in comparison to other similar projects. Only one of them has real prospects. This will be a project that can create the most comfortable method to realize this idea.
If you want to try, you can do it. This idea is really great. Also, all types of investments into cryptocurrency are associated with risks. All cryptocurrencies are now more unpredictable than predictable, and they are very volatile assets.
The positive side of this project is the fact that there are no problems with financing. This emphasizes that AION has a lot of prospects, and you can trust this project within the limits mentioned above.
Some investors don’t have any doubts – this project is innovative and promising. As you see, opinions are different. The main risk associated with this cryptocurrency is the possibility to buy this asset at a higher price than it will end up being. It leads to high losses. This fact is also an opportunity because you can earn a huge amount of money in 3-4 hours. This is perfect, isn’t it?
To make process of buying the AION more profitable and less risky, follow these instructions:
- Don’t invest the amount of money that you are afraid to lose.
- Divide your capital into different financial instruments both classic and cryptocurrency.
- Study risk-management and money-management strategies.
Best AION wallet – how to choose
Digital assets can be kept on all exchanges supporting them. This is convenient, but such a method is associated with additional risks because of hacker attacks that are committed regularly. That’s why they aren’t able to protect your money. The maximum safety is possible only via special wallets for cryptocurrencies.
Since this cryptocurrency is based on Ethereum blockchain, the best wallet for it is MyEtherWallet, which is considered the best wallet for this type of blockchain projects. This wallet is convenient because it is available online. You can use any wallet that is compatible with the ERC-20 standard.
To sum up, this is a very promising asset, but not as much as creators say. There are a lot of risks associated with this type of investment, so you should not invest more money than you are ready to lose.