What is Aion (AION)?

Aion (AION) is the Open Application Network that carries on with the process and procedure for the community. The Aion protocol persists in providing tools for staking and connecting with the network. According to the whitepaper, the Aion is an open-source, public infrastructure that seeks to create and host open applications to resolve the problems related to the platform.

Further, the AION is the native token of the Open Application Network (OAN). The AION is a cryptocurrency used to power the OAN. The Aion holders can utilize their tokens on the OAN to connect with the network and gain Aion as a reward. In addition, the Aion tokens are acquired by mining and staking on the OAN. The Aion tokens are stakeable, transferable, and exchangeable. The staking on the OAN is where the AION token holders place their tokens on the OAN to secure the network and operate transactions in the network. Through the process, the AION token holders get to earn AION for their contribution to protecting the network and the functions.

History of Aion (AION)

Jason Burke, Jinius Tu, Kesem Frank, Matthew Spoke are the co-founders of the Aion platform. The Aion platform was launched in 2017. The whitepaper of the Aion was released on December 31, 2020. The total supply of the token is 503,172,971 AION tokens.