What is Aeron (ARN) coin?
Aeron (ARN) is the new standard of aviation safety, embodied in a line of innovative products:
- Application for the pilot’s personal use to log the flight hours.
- Blockchain powered global database of aviation services available to prospective passengers or flight school students.
- Corporate application to log and cross-verify data from flight schools, aircraft operators, maintenance organizations and other sources.
Aeron’s ambition is to make flying safer with the latest blockchain technology. That will take experience, connections, and resources. The project has completed about a third of its roadmap, which extends all the way to mid 2019. The team has already launched Aerotrips and plans to publicly launch its pilot & company applications in March 2018. The ARN coin is intended to have five distinct uses: Subscription fee, Transaction based fee for log entries, Commission on paid services, Commission on intermediation and client introductions Currency for buying aviation services Unlock access to flight schools, offers from pilots and aviation companies.
Where to buy ARN?
ARN will be listed on major cryptocurrency exchanges, offering liquidity to the token buyers. The token will be convertible to BTC and ETH on exchanges and you can read whitepaper for more information. First you have to buy Bitcoins there, which then turns into Aeron. The collected currencies are transferred to your electronic wallet.
The following wallets are known to be compatible with Ethereum tokens (ERC20 standard) and may allow you to receive and view your token balances: MyEtherWallet, Mist, Parity, imToken, Metamask.
Predictions and forecasts for ARN
Flight planning apps are very popular, so we can imagine that a good blockchain based log app could take off if it provides enough benefits. Being able to prove flight time on the go and potentially even link it with the flight path could be really useful to prove experience. It might be a good project to support for people interested in using the app. As we can read on Reddit – Aeron aims to capture 1% of the market by 2018 and 10% by 2020, with expected revenues just under $24m by 2020. The promise of incorruptible flight logs seems to be a perfect application for the blockchain. Because of its first-mover advantage, experienced team, low current market cap and the multiple uses of its token, we can believe the value of ARN will increase in the short-medium term.
It is worth knowing that there are a total of 100,000,000 ARN tokens being created. This is the fixed supply of tokens, therefore further tokens will not be created in the future.
60%: Sold to the public across both the pre-sale and crowdsale
20%: Used for network growth in incentivizing participation in the ecosystem
18%: Retained for the development team
2%: Used to cover administrative costs