Blockfyre Report AER

Transcript

1. SENTIVATE REPORT BY BLOCKFYRE | PAGE ‹#› BLOCKFYRE
2. Executive Summary • ChainPayments will enable to pay with any cryptocurrency anywhere • NFTA technology creates immutable and individual recipes • Transactions burn AER tokens, deflating the supply • iOS & Android app coming, currently under review • Further products form an ecosystem to complement ChainPayments Highlights Risk & Concerns • New roadmap still to be released. Thus, the longterm strategy cannot be properly assessed yet. • If Aeryus is successfull, it will target markets that are valued in the hundreds of billion dollars. However, there is tough competition within this area and it remains to be seen whether Aeryus will be capable of attracting enough customers and retail partners for mainstream adoption. Ticker AER Price $0.053 Pre-Sale Price $0.080 Market Cap $862.716 Circulating Supply 16,277,665 Maximum Supply 50,000,000 Token Type ERC20 Product Ready Website aeryus.com Aeryus is a blockchain payment project that was founded in 2017. With their flagship product ChainPayments coming soon, they are aiming to make crypto-payments easy and accessible for everyone, with the ultimate goal to bridge the gap to mainstream adoption. Overview Source: Blockfyre Research | Aeryus website & whitepaper
3. What problem does it solve? Lack of adoption It is safe to say that one of the biggest hurdles cryptocurrencies, as well as blockchain itself, are facing today is mainstream adoption. Amongst the main reasons are a lack of payment options, high transaction fees and that current solutions are not user friendly enough to use cryptocurrencies on a daily basis. While there are already several solutions that allow users to pay with cryptocurrencies in the real life, such as prepaid debit cards, they usually just facilitate this for few currencies. Additionally, they just don’t offer the the security, flexibility and ease-of-use people would like to see, while being rather expensive. x What’s keeping cryptocurrencies from mass adoption 7 reasons, which prevent crypto from becoming popular payment method Source:hodl.com/infographics/2018-04-25/chart-day-what-keeps-cryptocurrencies-mass-adoptio/ Source: Blockfyre Research | Aeryus website & whitepaper
4. What problem does it solve? Market inaccessibility Aeryus seeks to fill a niche that really is a global and very large market on its own, banking the unbanked. This might seem like old news and a lot of projects have claimed to have this as their spoken vision, but Aeryus having feet on the ground at multiple locations in the world could indicate that there still is an underserved market out there. Many people in the world are plagued by the inability to access traditional means of finance. The banks are unreliable and inaccessible, the fraud factor for merchants is high, and the ability to receive funds is slow and marred by intermediaries. Today, nations where banks are inaccessible or unreliable are looking for relief from worn-out systems that aren’t keeping pace with their populations’ needs – such as Ghana, where a sizable community eagerly awaits the Aeryus ChainPayments release. x Banking the unbanked 80% of Africa’s population doesn’t have access to financial services Source:https://sharpcredit.com/2018/08/30/the-unbanked-is-the-biggest-untapped-market- for-crypto-cryptocurrency/ Source: Blockfyre Research | Aeryus website & whitepaper
5. Aeryus’ solution ChainPayments as flagship product Based in the US as a so-called blockchain solutions company, Aeryus is aiming to facilitate the mainstream adoption of blockchain and in particular cryptocurrencies as payment option. While ChainPayments is basically the flagship product, there are further solutions they are aiming to provide in the future: AeryusOne, Aeryus FirewallAI, Aeryus Blockexplorer and Aeryus DApp. The questions Aeryus initially asked themselves were the following: 1. How do we make this new technology user-friendly and palatable for the everyday user? 2. How can we facilitate mass adoption of digital currency? 3. How do we allow people to use blockchain to make their everyday banking lives better? Using the concept of NFTA, originally created to power an online gaming business where game players demanded customizable, secure and unique game collectibles, Aeryus ChainPayments has innovated a patent-pending method of using any digital currency instantly and accurately to make safe and verifiable payments directly from a smartphone. With ChainPayments, Aeryus is promising to enable the following: 1. Borderless peer to peer fund transfers. 2. Brick and Mortar & online store transactions. 3. Secure contracts and guaranteed satisfaction of debts of any size globally 4. APIs that allow the ChainPayments system to function in the background for websites, apps, and businesses x Source: Blockfyre Research | Aeryus website & whitepaper
6. x Aeryus’ solution ChainPayment’s advantages Aeryus is creating a blockchain payment processing and transactional network, where the user can pay with any digital currency. That currency again can convert to any digital currency a merchant accepts. ChainPayments is almost free to the consumer (a tiny fee to cover the transactional costs) and merchants pay a very small percentage of as low as 1%, that is significantly below typical merchant fees of 3.9% and higher. Thanks to the Aeryus wallet, smartphone applications for iOS and Android, PoS terminals, and APIs, payment with digital currencies could become reality very soon. In addition to this ease of use, payers and merchants can trust the blockchain to keep account details and other personal information secure. Source: Blockfyre Research | Aeryus website & whitepaper
7. x Aeryus’ solution Non-fungible token assets The underlying technology is using ERC-721 and NFTA, which were introduced to the masses through the well-known game CryptoKitties. Recognizing that taking possession of a kitten was essentially the same as being handed a “receipt” for a transaction, Aeryus formed the idea for a payment system that delivers a receipt for a transaction between trading partners. When a payment happens, the transaction encapsulation process is as follows: 1. Transaction date is validated. 2. A small amount of fungible AER tokens are burned in order to create value 3. After the AER tokens are burned, transaction data is encapsulated and an Aeryus NFTA is created. 4. Once this is verified, the funds arrive in the ChainPayments merchant/end user account and transaction data is sent to the blockchain. Transactions happen seamlessly and quickly, creating a NFTA „receipt“ in the process, that can be stored and viewed anytime in the Aeryus BlockchainExplorer as an easy-to-read receipt. Source: Blockfyre Research | Aeryus website & whitepaper
8. Aeryus’ ecosystem x Aeryus developed further solutions, with the purpose of complementing ChainPayments Aeryus Chainpayments Similar to Etherscan, the Aeryus Blockexplorer will allow the transparent tracking of every transaction happening on the Aeryus payment network, eventually storing their customers receipts on the blockchain Aeryus Blockexplorer Aeryus DApp allows for identity authentication at the point of transaction, facilitating web based merchants to recognize and approve purchases quickly and securely Aeryus Dapp AeryusOne is built for businesses and allows online stores and merchants to accept any currency Aeryus One Aeryus FirewallAI builds a powerful layer of protection that lives in the background of the Aeryus network. If anything suspicious occurs on the network, FirewallAI will immediately notify. Aeryus FirewallAI Source: Blockfyre Research | Aeryus website & whitepaper
9. Tokenomics - AER Token Information Symbol AER Decimals 18 Contract Address 0xac4d22e40bf0b8ef4750a99ed4e935b99a42685e Type ERC20 Network Ethereum Utility • Access the products and services offered by Aeryus • Creation of transactions on the network • NFTA transactions lead to an ERC-20 burn, which rate will be constantly adjusted by an integrated token burn algorithm, dependent on the average rate of transaction per second. Circulation Token distribution 12.2M 5M 5M 7,500,000 7,500,000 12.8M Token Sale Founders Marketing Advisors Employees Treasury 33.7M 16.3M Current Circulating Supply Not-circulating Supply x AER’s token economics are deflationary, resulting in a lower total supply, while time passes and adoption of the network increases. Source: Blockfyre Research | Aeryus website & whitepaper
10. Tokenomics - AER Distribution schedule x AER in circulation 0M 10M 20M 30M 40M 50M today 1/1/2022 1/1/2024 1/1/2026 1/1/2028 1/1/2030 AER tokens will be released into circulation over a course of over 10 years. Please keep in mind that the distribution curve below does not include the deflation of the circulating supply resulting from ERC-20 burns, as mentioned earlier. Source: Blockfyre Research | Aeryus website & whitepaper
11. Tokenomics - Wallet Analysis AER ownership Circulating supply • 50M AER is distributed over 78 addresses • As hardly any coins were sold during the crowdsale, almost 99% of the total supply was burnt, resulting in today’s low circulation • Aeryus team holds over 67,4%, distributed over 10 years • The circulating supply is around ~16.28 Million AER • The ownership of AER is hardly distributed as only 72 addresses hold the whole circulating supply x 67.4% Aeryus wallets 32.7% Circulating supply 16.8% 83.2% of the circulating supply distributed over 72 addresses Source: Blockfyre Research | Etherscan
12. AER - Price analysis Comment On the May 22nd, the price significantly increased compared to previous weeks. This was due to an announcement of the team that up to 99% of the total supply will be burnt, which seemed to be a price catalyst. x Type DEX Trading against ETH Fees -Withdrawal - -Trade (maker) 0.1% -Trade (taker) 0.2% Website idex.market IDEX • AER is solely listed on IDEX • In general, very little trading has happened so far for AER • On the listing day, AER showed a high trading volume of up to 500 ETH. However, the average daily trading volume rather amounts to 30-50 ETH • AER price is currently below the crowdsale price of 8 Cents, the all time low was found at 3.5 Cents. Burn announcement Source: coincodex.com/crypto/aeryus/ Source: Blockfyre Research | Coincodex
13. Roadmap Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 & 3 19 • AERYUS concept is born • Core team assembled • ChainPayments R & D • AERYUS System Blueprint completed • Engineering Design • White Paper complete • Technical Paper draft • Smart Contract draft • ChainPayments development begins • BlockExplorer Beta launched • Strategic Partnerships established • Crowdsale goes live • AeryusAI development begins • Alpha launch ERC-721 • AeryusOne Merchant POS development begins • Crowdsale ends • Smart Phone MVP final • BlockExplorer launch • Build plasma + sharding Ethereum • Deploy ERC-721 contract x • ChainPayments Beta launch • ERC-20 Smart Contract launch • Smart Phone and POS MVP draft • Explainer Video draft • ERC-721 Contract draft • BitCoin lightning integration completed • PreSale goes live • API available to subscribers • DApp wallet development for EOS • Bitcoin lightning • POS MVP final • Payment SDK for smart phones and web apps • (by popular program languanges) • BlockExplorer API like • etherscan API development Source: Blockfyre Research | Aeryus website & whitepaper
14. Team Description Advisory board Nicholus Andrews x Alan Goodman Source: Blockfyre Research | Aeryus website & whitepaper • Aeryus team consists of 21 members in total, which are again separated into 14 developers and 7 executives. • The majority being developers with years of experience in blockchain coding, it seems like Aeryus might has enough developing power in order to realize their goals. • Also from a marketing perspective it seems like they are well positioned to create awareness for their product. • Aeryus will have an advisory board consisting of seven advisors, which are chosen by the executives of the project. • Interestingly, there is the option to exchange them on an annual basis, to flexibly adjust the board to the contemporary needs of the team. • President and CEO • Studied Computer Information Systems and graduated University of Georgia in 2000 • 20 years of business experience (amongst other positions) as Senior Network Engineer, COO and CIO for various companies. • He has a background in scalable high-performance computing projects, network infrastructure and software development. • Chief Brand Officer of Aeryus. • Graduated University of Columbia in 1976 • Began his career building up MTV and its brand, which was later re-launched as Nickelodeon, today’s number 1 network for kids. • 40 years of working experience in the marketing and consultancy of famous brands as Warner Bros., CNN, BBC Studios etc • Besides his strong experience it is safe to say the Alan Goodman build up a strong and valuable network in various areas.
15. Aeryus Rating Product 13/15 Community 10/15 Traction 5/9 Code 6/12 Trading 12/12 Network 6/15 Whitepaper Competition Speed Value Roadmap Website Social Media Communication Advisors Influencers Development Status Number of txs Partnerships Background Team Dev engagement Dev engagement (1 mo) Contribution Speed Profit (1 month) Profit (1 year) Exchanges Token distribution Google Trends News Mentions Twitter Follower Telegram Follower Reddit Follower Total score: 52 / 78 = good investment opportunity x
16. Conclusion x General opinion on AER Although Aeryus is not the only project working on cryptopayments, the approach of achieving this with NFTA technology is unique and might be the key to success. Adoption and ease-of-use is one of the main hurdles that is hindering mainstream usage of crypto-payments. Allowing customers to pay anywhere with any cryptocurrency might be an immense step forward solving significant issues (e.g. banking the unbanked for instance) High upside potential The P2P market in the US alone accounts to $240 billion. Aeryus is also planning to make their API accessible, which is a market amounting to $200 billion. If Aeryus is able to achieve their goals and just gets a tiny share of these markets, the upside potential for AER could be immense. Short- & Long-term investment There are several significant milestones coming for Aeryus, as the ChainPayments launch which is currently under review to launch in Apple’s AppStore, so short-term AER price development could be already interesting. On the other hand, usage of their product will burn AER ERC-20 tokens, which ultimately deflates the circulating supply and should result in price appreciation as well. Risk & Concerns The competition in the mobile payment area is fierce. Beside big international actors such as PayPal or Venmo, there already exist some solutions such as Coinbase for retail, but are rather expensive and limited. The question is if Aeryus will make it to market in time, as its whole success seems to depend on their adoption by the market. It remains to be seen how efficiently they can onboard users and retail partners onto their platform, which will be key to success.
17. Blockfyre Jonathan Habicht Simon Dedic Alexander Schätz Disclaimer We currently hold AER. We have been in contact with the team If you like this review, dont forget to share it! Follow Blockfyre x jonathan@blockfyre.com simon@blockfyre.com alexander@blockfyre.com