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Highlights
- Aergo (AERGO) is an open-source enterprise blockchain platform.
- Aergo is available on Coinbase exchange, Coinbase iOS, and Android apps.
- The token’s trading volume rose to 461.25% in the last 24 hours to Monday morning.
The Aergo (AERGO) crypto gained traction on Monday ahead of its online rendezvous with users "Ask Me Anything". The token was up 6.35% to US$0.219 at 10:13 am ET on Monday.
Aergo (AERGO) is now available on Coinbase exchange, Coinbase iOS and Android apps where customers can trade, send, receive, and store.
What is Aergo?
The company is an open-source enterprise blockchain platform optimized for both approved and permissionless blockchain architectures.
It supports SQL for easy data handling and smart contract programming for developers. Aergo offers an infrastructure for enterprises and developers to build DApps on its blockchain. The private and public blockchains run on different consensus mechanisms on Aergo's platform.
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Private blockchains run on the Proof-of-Authority consensus mechanism powered-RAFT algorithm, and the public blockchain network runs on the Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism.
Aergo was built by Samsung-backed South Korean blockchain technology company, Blocko. Aergo's prominent clients include Shinhan Bank, Hyundai Motors, and Korea Exchange.
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How does the AERGO token work?
How does the AERGO token work?
The AERGO token is hosted on the Ethereum blockchain. It is used for deploying smart contracts, staking, and paying for services on the Aergo platform.
The Aergo token is supported by Trust wallet, MetaMask, and Binance Chain Wallet.
Aergo has 4,789 token holders. The top 100 holds around 98% of the tokens. About 97% of the holders are in profit based on the current token price, as per coinmarketcap.com.
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Data Source: coinmarketcap.com
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Price and performance:
The token has a market capitalization of US$79.37 million. Its trading volume rose by 461.25% to US$42.11 million in the last 24 hours to Monday morning. Aergo’s circulating supply is 362,462,198.59, and the total supply is 500,000,000.
The token is available for purchase on Binance, Mandala Exchange, KuCoin, OKX, and Gate.io.
It fell about 61% from its all-time high in April 2021 and declined 22.29% from its peak of US$0.2818 in the last seven days.
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Bottom Line:
Aergo's hybrid-deployment offerings allow enterprise customers to develop and deploy applications with high speed, scalability, and performance. Although cryptocurrencies are gaining popularity, the market is highly volatile. Hence, investors should exercise due diligence before investing in digital assets.
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