Areon Network, the ‘layer 1’ blockchain project whose development process has been ongoing for a while, announced that it will launch its mainnet on January 12.
Aiming to establish a comprehensive ecosystem, Areon started its journey as a token on BSC. Areon Network, which uses its unique consensus mechanism Proof of AREA, is now switching to its own chain.
January 12 is also Areon’s birthday. In 2023, the currency AREA was listed for the first time on this date. The team reinforced this meaningful day with the launch of the mainnet.
What’s different about Areon?
Areon is different with its intended use and long-term strategy. What makes this chain a suitable choice for everyday use is its speed, capacity and low cost.
It also stands out for the growing number of its local communities and transparent support service.
Their loyal community has no doubt that the project will deliver on its long-term promises. So much so that the number of investors in $AREA almost never decreased throughout the bear cycle.
‘Proof of Area’ may be a new term, but in Areon consensus works essentially similar to the Delegated Proof of Stake (DPoS) mechanism. The upside of PoA comes from the fact that it turns digital land ownership into a smart opportunity.
Those who hold at least 10,000 AREA in their Web3 wallet are eligible to own a land in Areon City. This digital space can be used to create, advertise or rent decentralized applications (dApps).
Having a limited maximum supply automatically limits the number of plots. In other words, for those who do not prefer to consider their investments as ‘stake’, this model becomes an additional source of income.
As a result, Areon encourages more traders to keep their money in $AREA while also keeping transaction fees low for a larger trading volume.
Can Areon bring innovation to the crypto world?
Areon’s goal to become the most comprehensive network is ambitious. But of course, whether they can get there depends on the extent to which the crypto community embraces Areon.
Neither developers nor users will waste time on a technology that will become obsolete in the future. In this respect, Areon is promising.
For investors who look for action rather than talk, Areon is on the right track so far. The team carried out all the steps in the road map one by one.
It is stated that the robustness and speed of the chain have been proven with more than 15 million smooth transactions with the testnet process that started on September 20.
Can Areon Chain show the same performance on the mainnet? We’ll wait and see.
For now, we can wish Areon Network a ‘Happy New Year’ and success.
Disclaimer: This article is for informational purposes only. It is not investment advice!