What is AE

1. Programme Name

Aeternity (AE) 

2. Project Introduction

Founded in 2016, æternity is an open-source, blockchain-based distributed computing platform that builds on decentralized cryptographic P2P technology. Designed to deliver unmatched productivity, transparent governance, and global scalability, æternity offers blockchain technology with a consensus mechanism that is as efficient and cost-effective as possible.

æternity's unique state channel design enables the off-chain verification of data and smart contracts, allowing for all transactions to be independent of each other, thereby increasing transaction speed and scalability while also ensuring increased privacy.

æternity’s underlying value token is the AE token, which can be transferred between members and is used to compensate participant nodes for any number of computations performed. All AE token users are allowed to participate in the governance of the aeternity blockchain through a voting process, weighted by the number of tokens each user holds. 

3. Token Distribution

82% of the initial æternity AE tokens will be distributed to the contributors.
1% will be allocated to people who hold BTC or ETH.
17% will get allocated to Aeternity Anstalt, the foundation and the founding team.

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.

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