Aion ICO Review – AION Investment Analysis

ICO Details

Symbol – AION


When – Q4 2017, with Presale October 3rd

How to Participate – ETH will be accepted in the sale.

Soft Cap – 15 Million USD

Hard Cap – 4 hour uncapped sale after soft cap (15M) is hit

Total Max Market Cap At ICO – (15 Million + 30 Million) multiplied by 5 = 225 Million USD for Public Sale.

Public sale accounts for 50% of total AION tokens:

Public Sale multiplied by 2 = 450 Million USD max market cap (provided 0 tokens are bought after the 15M soft cap).

Exchange Rate: Variable, based on pre-specified contribution caps based on time. Rates vary from 75 cents/token to 1 dollar/token

Total Tokens in Circulation At ICO – ~450 Million AION

Note: This is an extremely awkward and contrived crowdsale process – spend some time reading the paper on their token sale to get a better understanding here



AION is another stab at the interconnection problem that the blockchains of today face in garnering real world use and information transmission. The basic principle is simple – blockchains such as Ethereum have created the basal requirements for Smart Contracts and truly computerized/digitized agreements between trustless parties. However, Ethereum is not the be-all end-all of crypto or blockchain capability. There are many features of other blockchains, such as Z-Cash’s privacy system, that will be more relevant to an individual user depending on the context of their requirements.

With AION, blockchains such as Ethereum can freely transmit data from within their contracts to outside of their chain and onto other networks entirely – with AION serving as the intermediary between any two blockchains, the speed of such a system will be far faster than traditional solutions as well as being truly scalable to the world at large. Bearing in mind Ethereum’s average tx/second betrays the fact that its horribly unfit to purpose.

While developements such as sharding , Metropolis, and Plasma are well underway, this doesn’t mean that every blockchain will have such capabilities. The need for a connective web of blockchains will become apparent as it did for the Internet in the late 90’s – easy to use API’s and bridging systems will be at the forefront of the new infrastructure of the future.

The Aion blockchain network is like a computer network that makes it possible for dissimilar systems to communicate.

The Aion network will pass logic and value among participating blockchains as freely as liquid assets, where every transaction occurs without centralized intermediaries.

The Aion network will be centered on a public, purpose-built third-generation blockchain called Aion-1. Designed to connect other blockchains and manage its own robust applications, Aion-1 also provides the crypto-economic system that incentivizes interoperability in the ecosystem.

On the topic of scalability, I’d like to take an aside to discuss the problems of scalability more in detail. Essentially, in order to make something faster or more efficient in a blockchain, you need to reduce the decentralization aspect – you simply can’t have it all. The entire purpose of blockchain technology that Bitcoin was originally based on was to make it very inefficient – thus improving trust and reliability of the system. Ever wonder why your transactions require up to 60 confirmations or more on some sites/services? That’s the level of “inefficiency” that makes cheating the system extremely difficult.

As of yet, we have not had a truly great system that fits both of these demands (scalability and trust). Developments are coming, but they will take time in this burgeoning industry.



Alex Tapscott

The son of the prodigious Don Tapscott, Alex Tapscott is the next in the family line to be so grossly involved with the blockchain space. He has done work with related blockchain companies such as Nuco and NextBlock Global – finally, he’s also a co-author of the book Blockchain Revolution.


Kesem Frank

Kesem Frank is the Chief Operating Officer of the AION team, and has plenty of experience to boot. A graduate of the University of Toronto, Kesem Frank has plenty of experience with Deloitte’s Canada division as a consultant, as well as working with them on Rubix, their blockchain research sector.


AION’s parent company, Nuco, has Vitalik Buterin listed as an advisor.



Blocknet, ARK, Polkadot, Cosmos, ICON, Wanchain. The unfortunate truth for AION is that they are entering an extremely heated and competitive space right now with their less-than-novel idea. With this many other competitors in the market, it will take a hell of a lot to prove yourself to be the leader in the space. Simply judging from the sheer amount of competition, it will be a tough ask to pretend AION will be the winner who will come out from this interconnectivity war. Other similar projects have different tech (which may prove to be superior), be further along their development pipeline, or simply have a larger first mover advantage over AION. This makes any long-term AION investment extremely undesirable on this basis.

Secondly, the sale details for AION are complicated at best. It all seems to be a way to obfuscate the fact that they are simply trying to raise as much money as possible – while I don’t necessarily think this takes away from the tech proposal (of which is already not great), investors who would have otherwise provided much needed liquidity and free marketing will simply not take part of this sale. On the short term, it’s a greedy sale which dilutes every ETH spent on this investment, and on the long term, it’s not looking likely that AION will by some miracle come out as the go-to solution for interconnected blockchain solutions.




AION is a tried concept that doesn’t look to have anything particularly special or hype-inducing; something that other projects in this space win out on. It also has a ridiculous crowdsale structure that borders on immoral, and their obfuscation of their plain greed makes this a definite “no” on any short term flipper’s ICO agenda. Look for an uphill battle for AION following release, as many questions remain to be answered regarding the viability of this project and its ICO.


Investment Grade: 55%


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