AE

Aspect	Information
Short Name	AE
Full Name	Aeternity
Founded Year	2017
Main Founders	Yanislav Malahov
Support Exchanges	Binance, Gate.io, Huobi, etc.
Storage Wallet	Aeternity Wallet, Ledger, Trezor, etc.

Overview of AE

Aeternity (AE) is a blockchain platform that was established in 2017 by Yanislav Malahov. AE token is primarily listed on a range of exchanges including Binance, Gate.io, Huobi, and others. The token's storage options include wallets such as the Aeternity Wallet, Ledger, Trezor, among others. Aeternity blockchain is designed to improve upon the scalability, speed, and security of current blockchain technology. This digital asset aims to provide high bandwidth transacting, purely-functional smart contracts, and decentralized oracles.

Pros and Cons

Pros	Cons
Scalability solutions	Relatively new platform
Purely-functional smart contracts	Lower market capitalization
Decentralized oracles	Competition with established platforms
Supported by various exchanges and wallets	Dependent on wide adoption for success

Pros:

1. Scalability Solutions: Aeternity (AE) aims to resolve the scalability issues prevalent in many blockchain technologies. It does this by maintaining off-chain contracts, only interacting with on-chain contracts when disagreements occur.

2. Purely-functional Smart Contracts: AE operates purely-functional smart contracts. These smart contracts are operable off-chain and have the capacity to analyze all possible outcomes before executing. This increases the efficiency and reliability of these contracts.

3. Decentralized Oracles: Decentralized oracles are used in the AE platform to ensure the accuracy of external data used in smart contracts. This increases the trustworthiness and reliability of the data used.

4. Supported by various exchanges and wallets: AE is supported by a multitude of cryptocurrencies exchanges, such as Binance, Gate.io, and Huobi, assisting in its widespread availability. It also caters to various wallet options for storing the token, including Aeternity's own wallet, Ledger, and Trezor.

Cons:

1. Relatively New Platform: As Aeternity was founded in 2017, the platform and the AE token don't carry the same level of recognition or trust as older, established platforms.

2. Lower Market Capitalization: The AE token has, relatively speaking, a lower market cap compared to dominant cryptocurrencies. This could limit its growth potential and chances of widespread adoption.

3. Competition with Established Platforms: Aeternity faces stiff competition from long-standing blockchain technologies that have already gained significant traction in the market.

4. Dependent on Wide Adoption for Success: The success of AE's novel technologies such as decentralized oracles and off-chain smart contracts are contingent on widespread adoption. This could pose a risk if these features aren't adopted at the expected rate.

What Makes AE Unique？

Aeternity (AE) presents several innovative aspects that differentiate it from other cryptocurrencies. Primarily, AE introduces a novel method to improve upon the scalability issue common in many blockchain technologies. By using 'state channels' for off-chain smart contract settlements, the platform can potentially handle more transactions than most existing blockchains, helping reduce both network congestion and transaction fees.

Unlike other cryptocurrencies that use Solidity for smart contract programming, AE employs a purely functional language called Sophia; a language resembling Python and JavaScript.This unique approach enhances security and reliability when constructing smart contracts.

One of AE's distinctive features is its use of decentralized oracles, which are designed to bring real-world data onto the blockchain. While other cryptocurrencies also utilise oracles, AE's implementation is decentralized, reducing central points of failure.

However, it is also important to note that AE faces distinct challenges. Given that the platform is relatively new, AE's innovative solutions need to prove themselves in the market to establish their reliability and efficiency. Market adoption will be a crucial element in affirming AE's difference and its viability as a distinctive cryptocurrency.

Circulation of AE

The circulating supply of AE tokens is 420 million AE. This means that there are 420 million AE tokens in circulation that can be traded or used to make payments.

The circulating supply of AE tokens is limited by the maximum supply of AE tokens, which is 1 billion AE. This means that the supply of AE tokens cannot be increased without first going through a governance process to increase the maximum supply.

How Does AE Work？

AE tokens are the native cryptocurrency of the Aeternity blockchain platform. Aeternity is a scalable and secure blockchain platform that is designed to support decentralized applications (DApps). AE tokens are used to pay for transaction fees on the Aeternity blockchain, to stake to earn rewards and participate in governance, and to use in DApps.

The principle behind AE tokens is to create a decentralized and secure platform for developers to build and deploy DApps. AE tokens are used to incentivize miners to verify and process transactions on the network, to secure the network, and to give users a voice in the decision-making process.

Exchanges to Buy AE

Several cryptocurrency exchanges support the purchase and trading of Aeternity (AE) tokens. Some of these include:

• Gate.io is a Singapore-based cryptocurrency exchange that was founded in 2013. It is one of the largest cryptocurrency exchanges in the world by trading volume. Gate.io offers a wide range of trading features, including spot trading, margin trading, futures trading, and contract trading.

• MEXC is a Singapore-based cryptocurrency exchange that was founded in 2018. It is one of the fastest-growing cryptocurrency exchanges in the world. MEXC offers a wide range of trading features, including spot trading, margin trading, futures trading, and perpetual contract trading.

• CoinW is a Hong Kong-based cryptocurrency exchange that was founded in 2017. It is one of the largest cryptocurrency exchanges in Asia by trading volume. CoinW offers a wide range of trading features, including spot trading, margin trading, futures trading, and contract trading.

• HotCoin Global is an Australian cryptocurrency exchange that was founded in 2013. It is one of the largest cryptocurrency exchanges in Australia by trading volume. HotCoin Global offers a wide range of trading features, including spot trading, margin trading, futures trading, and contract trading.

It's noteworthy that availability of AE and the specific trading pairs will sometimes vary based on the specific policies and services of the exchange platform. Always check with the relevant exchange platform for the most accurate and up-to-date information.

How to Store AE？

Storing Aeternity (AE) tokens involves the use of cryptocurrency wallets. These wallets store the private keys required to access and manage your AE tokens. Several types of wallets support AE tokens:

1. Software Wallets: These wallets are programs that can be installed on a device, either a desktop computer or mobile. The Aeternity Wallet is an example of a software wallet specifically designed for AE tokens. It's available on both desktop and mobile devices.

2. Hardware Wallets: These are physical devices designed to securely store cryptocurrency offline, providing an extra layer of security. Notable examples that support AE tokens include Ledger and Trezor.

3. Online/Web Wallets: These wallets are accessible via a web browser and don't require any downloads or installations. Examples include browser extensions or wallets integrated into cryptocurrency exchanges. AE tokens can typically be stored in the wallets provided by exchanges that support the token.

4. Mobile Wallets: These are apps installed on smartphones, allowing users to access their tokens from anywhere. As mentioned above, a mobile version of the Aeternity Wallet is available.

It's essential to remember that irrespective of the wallet used, security is a priority. Regularly updating software, using strong unique passwords and enabling two-factor authentication (2FA) go a long way in keeping your tokens secure.

Should You Buy AE？

Aeternity (AE) tokens may be suitable for a variety of people depending on their investment goals, risk tolerance, and familiarity with the cryptocurrency market.

1. Tech-savvy Investors: AE's innovative technologies like state channels, decentralized oracles, and the use of the functional programming language Sophia for smart contracts might appeal to tech-oriented individuals interested in blockchain's capabilities beyond just financial transactions.

2. Speculative Investors: For those who aim to benefit from price fluctuations in the cryptocurrency market, AE, like many other cryptocurrencies, could be an option. However, it's important to remember that cryptocurrency prices can be highly volatile.

3. Long-term Investors: People who believe in the long-term growth of Aeternity's technology might also consider AE for their portfolio, assuming they're comfortable with the associated risks.

Tips for potential AE buyers:

1. Do Your Research: Always begin by carrying out thorough research. Understand what AE is, who its creators are, its unique selling propositions, the technology behind it, and its market position.

2. Understand the Risk: Investing in any cryptocurrency, including AE, is risky. The market is highly volatile and can result in significant financial losses.

3. Start Small: If you're new to investing in cryptocurrencies, start with a small amount that you can afford to lose.

4. Diversify: Don't put all your eggs in one basket. Diversify your investment portfolio to manage risk effectively.

5. Stay Informed: Cryptocurrency is a rapidly evolving space. Regularly updating your knowledge and staying informed of market trends can help you make informed decisions.

6. Consult a Financial Advisor: If you're unsure, consult a financial advisor who has expertise in cryptocurrencies. A financial advisor can provide you with personalized advice based on your financial situation and goals.

These tips are general in nature and may not suit everyone's individual financial circumstances. Always exercise caution and do your own due diligence.

Conclusion

Aeternity (AE) is a blockchain platform, launched in 2017 by Yanislav Malahov, which introduces numerous innovative features such as state channels for off-chain smart contract settlements, purely functional smart contracts, and decentralized oracles. It is supported by a wide range of exchanges and wallets, enhancing its accessibility. However, it's still a relatively new platform with a lower market capitalization compared to established cryptocurrencies.

As for its development prospects, AE's innovative technology solutions have the potential to enhance blockchain scalability, efficiency, and security, making it a player of interest in the blockchain space. Success will hinge on various factors such as market adoption of its technology, competition with other established platforms, and the general sentiment and trends in the blockchain and crypto industry.

Concerning its capability to make money or appreciate, like all cryptocurrencies, AE's value is driven by market supply and demand, and is subject to potentially high volatility. While it may have potential for financial return, this comes with significant risk. Past performance is also no guarantee of future returns. Therefore, prospective investors should approach it with caution, careful research, and possibly seek advice from a financial advisor.

FAQs

Q: What are the key advantages and limitations of Aeternity (AE)？

A: Some of AE's advantages include scalability solutions and the implementation of purely-functional smart contracts; however, it's a relatively new platform with lower market capitalization and faces competition from established platforms.

Q: What sets AE apart from other cryptocurrencies？

A: AE features innovative solutions like off-chain smart contract settlements and decentralized oracles, and it uses a distinctive programming language called Sophia for smart contracts.

Q: What consensus mechanism does Aeternity (AE) use？

A: Aeternity operates on a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS).

Q: Where can I check the current supply of AE tokens？

A: You can view current AE token supply data on reliable cryptocurrency market data sites like CoinMarketCap or CoinGecko.

Q: Which cryptocurrency exchanges list Aeternity (AE) for trading？

A: AE token is listed on various exchanges including Binance, Huobi, Gate.io, HitBTC, Bittrex, KuCoin, Bitfinex, OKEx, CoinEx, and Poloniex, among others.

Q: What options do I have for storing my AE tokens？

A: You can store your AE tokens in software wallets like Aeternity Wallet, hardware wallets like Ledger and Trezor, and also online/web wallets and mobile wallets that support AE.

Q: Who might find AE a fitting investment？

A: AE may potentially appeal to tech-savvy investors, speculative investors, and long-term investors who believe in Aeternity's technological potential, albeit keeping in mind the associated investment risks.

Q: Can AE actually serve as a profitable investment？

A: Although AE's market performance may provide financial returns, it's important to note that all cryptocurrencies, AE included, are volatile and carry significant investment risks, hence there's no guarantee of profitability.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.