AIRCOIN FAQ
What is AIRCOIN? THE Aircoin is a platform and an ecosystem for building and deploying decentralized blockchain applications. What problems can THE Aircoin solve? THE Aircoin aims to build a scalable, extensible, and easy-to-use platform for building and deploying decentralized blockchain applications. THE Aircoin's primary goal is to remove the barriers that have slowed blockchain adoption among the general public. We're also passionate about developing unique approaches that will significantly advance blockchain development. Who are THE Aircoin’s competitors? And what makes THE Aircoin stand out? There are several other players trying to solve similar problems, but everyone have a different approach and strategy. Notably, EOS (Enterprise Operating System) is trying to solve very similar problems as ArchBlock does. EOS try to to start a new blockchain technology to solve today’s problem and build a ecosystem around their new blockchain, while THE Aircoin intentionally NOT to create new blockchains but cooperate with existing mainstream blockchains (e.g. Ethereum, Hyperledger etc.) We built the THE Aircoin platform using a “top-down” strategy that centers on the user experience. In contrast, many existing solutions focus on the blockchain technology itself at the expense of user friendliness. Applications built with THE Aircoin offer reactive, real-time experiences. What is difference between THE Aircoin and Ethereum. How does THE Aircoin fast and security? THE Aircoin is a computing platform for developing and deploying blockchain applications, Ethereum is a blockchain technology. They are related but are very different. Comparing THE Aircoin to Ethereum is like compare Apple to Orange. To achieve high-performance transactions, we built an optimized blockchain dedicated to THE Aircoin’s own token services and the public ledger. The design goal is to achieve >100,000 Tx/s, which is more than adequate for a wide range of applications. In the future this blockchain could be improved for broader purposes. What are the features of THE Aircoin? THE Aircoin is a platform service, rather than a standalone software package or set of APIs. THE Aircoin is a comprehensive solution that combines blockchain technology with Cloud Computing. THE Aircoin is an incentive-driven marketplace for reusable services, components, and even applications. THE Aircoin’s introduction of the Open Chain Access Protocol enabled open connectivity over multiple blockchain protocols. Developers now have the freedom to evaluate blockchain protocols, and even switch back and forth between them. Blocklet is another revolutionary component that takes advantage of the latest microservice architecture and serverless computing technology. We also build a distributed messaging system supports pub/sub and acts as an API gateway for Blocklets. THE Aircoin's gateway uses a decentralized design and secure communication channels. Your applications will run in both web browsers and mobile apps, giving users reactive, real-time experiences. THE Aircoin is a self-evolving ecosystem—not just a software platform built by one centralized organization. We at THE Aircoin, Inc. and the THE Aircoin Foundation are only jump starting the project; the platform will continue to develop and grow on its own.
The ACT is a utility token for paying the cost associated with using the service. The ACT’s basic utility value is to pay for the cost of using the THE Aircoin system. People who contributed resources or services (“Miners”) to the platform will be rewarded with tokens.
No, ACT tokens are all pre-minted. “Mining” has a very different meaning in THE Aircoin. “Miners” in THE Aircoin platform bring computing resources, moreover they help to build the platform together by providing reusable components, new services, and even ready to deploy applications. People who contributed resources or services will be rewarded with tokens. Is THE Aircoin a standalone software package? THE Aircoin is a platform service, rather than a standalone software package or set of APIs. THE Aircoin is a comprehensive solution that combines blockchain technology with Cloud Computing. THE Aircoin is an incentive-driven marketplace for reusable services, components, and even applications. Is THE Aircoin an open source platform? THE Aircoin is NOT an open source platform, nor it is an open source project. We develop THE Aircoin as a commercial software development practices and process. We will open source several critical protocols and their references implementations at the point we reach certain milestones. Even though THE Aircoin is not an open source project, THE Aircoin is built with open standards. We’re trying our best not to reinvent the wheel and to build for the application developer’s wants and needs. In addition to open sourcing our core components, we will also actively contribute to a variety of blockchain technology communities. Is THE Aircoin a public blockchain? No. THE Aircoin is not intend to bootstrap yet another new public blockchain. THE Aircoin is essentially a computing platform for building and deploying blockchain applications for many other blockchain technologies. THE Aircoin itself is powered by a built-in blockchain technology. Can other projects make their own Token Generation Event with THE Aircoin? Yes. With THE Aircoin, developers can also create their own custom tokens that inherit all of the features of our native token ACT. In the near future, developers will be able to make their own token generation event with THE Aircoin’s application token once they have built and deployed the applications with THE Aircoin.
REGISTRATION FAQ
Yes. Registration and KYC is mandatory.
Due to regulatory reasons, we will not accept participants from New Zealand, Canada, South Korea, and OFAC sanctioned countries (please see list here: OFAC list) (link: https://www.treasury.gov/resource-center/sanctions/Programs/Pages/Programs.aspx)
The registration starts on March 29, 2018, 7 p.m. CST and closes on April 6, 2018, 7 p.m. CST.
TOKEN SALE
Private Sale: starting March 16, 2018, 7pm CST Private Sale Application: starting march 6, 2018, 7pm CST 1. Log on to Aircoin’s official website THEAircoin.io, click the “REGISTER/KYC” button.sign up you will receive a confirmation email with the Google Form link. Please fill in the information and submit. 2. Please wait for the review, selecting and the confirmation of your quota. 3. After you are approved and selected, please finish the KYC through email (ALL the emails will be sent through admin@theaircoin.io) 4. Please click the link in the email you received. You’ll be redirected to the official website. Please read the Terms and Conditions and submit. And transfer ETH following the instructions on the page. You will receive an email confirmation after the transaction is completed. 5. Aircoin will distribute the ACT tokens in 4 weeks after the public sale ends.
Public Sale: starting April 6, 2018, 7 pm CST Public Sale Registration: March 29th, 2018, 7pm CST - April 6, 2018, 7pm CST 1. Log on to THE Aircoin’s official website theaircoin.io, click the “REGISTER” button in the main navigation. 2. Register your account and wait for email verification. 3. Once your email get verified, you will be able to start the KYC process. 4. Please submit your nationality, name,passport photo page scan/government issued photo ID scan (front & back) and your selfie photo for KYC purpose. 5. Wait for your KYC approval. 6. Please wait for the review of KYC. 7. After you completed KYC, please wait for the open of ICO. 8. You will be able to see the ETH/ BTC contribution address 9. THE Aircoin will distribute the ACT tokens in 4 weeks after the public sale ends.
Every participant will has his/her one and only individual cold wallet address. Gas maximum level: ETH: Up to 60 gwei, 200K BTC: $0.48 Please DO NOT contribute over the limit. It will cause the failure of participation. Your ETH/BTC contribution will be returned with additional 20% PENALTY. It will be processed in 5 weeks after the token release.
TOKEN SALE II
No. The change of the ETH address may cause failure in token distribution and losing of your funds.
We will simultaneously distribute the ACT tokens to the ETH-wallet you provide upon registration, within 4 week after the end of token sale.
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