Aleph is a special multi-blockchain layer two networks that focus on decentralized applications and their related infrastructure (storage, computing servers, security). We aim to decentralize and revolutionize the web and the cloud as we know it. Existing decentralized applications are often unreliable and slow or tied to single blockchain architecture. Decentralized applications not only need to fix these problems but also need to be able to communicate with other projects. The vast majority of blockchain-related technologies currently cannot scale to the extent necessary for the large applications (social networks, web applications, IoT providers, etc.) that we use every day. Aleph intends to provide a solution to these problems by providing fast single cross technologies and cross-chain solutions across a decentralized and reliable ecosystem.
How does Aleph work?
Reward
The three main sources of rewards and token generation are:
• Bonuses for each signed message written on the basic blockchain
• App data storage rewards (pins) and API availability, both required for nodes
• POCM NULS token locking in NULS underlying chain
Among those rewards, a portion will come from money creation and in addition to the preferred incentive of their app dApp owners and their user fees.
If the dApp owner wants to get the benefits of the network without relying solely on a third party, he can run a node of the network where he prioritizes his dApp data (but he can’t completely give up through others, have backups for his users on other nodes, while he provides the same allowance to other dApps).
Use tokens
Most node owners will accept free storage of dApp data, especially at the start of the network. As data evolves gets bigger, and it’s starting to become impractical for servers hosting all the data, dApp owners can pay to store and write into his dApp data chain.
In addition, app users can pay for their own data storage (large amounts of data like photo storage apps).
Token details
Initially, the first release of the Aleph utility token will be implemented as the NRC-20 token. This will be able to be swapped for original content at a later date.
Technically possible (part understudy):
• switching between NRC-20 and native Aleph tokens will be available in both directions.
• Token will also be provided as an ERC-20 token
Initial Token Distribution
Exact details on the original token distribution plan will be announced at a later date. Below is what is currently planned for (subject to change) token distribution.
To reward the NULS community and ecosystem, a large portion of the supply will be distributed to NULS token holders through the POCM system.
One billion tokens will be initially issued.
Of those:
• 150 million will be for airdrop, marketing, and bonuses (details about the airdrop will be announced through the official channel)
• 150 million will be devoted to community / NULS platform (100 million locked for POCM mining program and 50 million for other incentives)
• 350 million VND for private investors / institutional / OTC sales
• 350 million to the Aleph group (who will use this as a bootstrap reward, can sell some for development funding, a partial allocation to the community or institutional fund, or any other use). any other application it might deem necessary)
Conclusion
Decentralized applications not only need to fix these problems but also need to be able to communicate with other projects. The vast majority of blockchain-related technologies currently cannot scale to the extent necessary for the large applications (social networks, web applications, IoT providers, etc.) that we use every day.
Aleph intends to provide a solution to these problems by providing fast single cross technologies and cross-chain solutions across a decentralized and reliable ecosystem.
You can check the ALEPH price here.
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