Aleph.im Price (ALEPH)

What Is Aleph.im (ALEPH)?

Aleph.im is an open-source crosschain network featuring decentralized database including file storage, computing, and a decentralized identity (DID) framework. Aleph.im’s core mission is to help decentralized apps and protocols strip off the centralized parts of their stack, achieving a fully decentralized architecture. You can think of aleph.im as a decentralized AWS or firebase. Aleph.im is focused on supercharging the DeFi ecosystem.

Who Is the Founder of Aleph.im?

Aleph.im was created in 2018 by Jonathan Schemoul, aka Moshe Malawach. Moshe is based in France and has been programming since childhood.

Prior to entering the blockchain space, Moshe developed enterprise software across finance, supply chain, and other major industries. He then became a key contributor in the NULS community, building the explorer and the Proof of Credit Mining (POCM) system among other things.

Moshe’s abilities to bring tangible business value using blockchain technology is what has made aleph.im what it is today.

Where Is The Office Located?

Our company is located in Paris, France. Our team is distributed across the globe.

What Makes Aleph.im Unique?

Aleph.im is a unique blend of onchain and offchain decentralized technologies. Its decentralized network is offchain but can only be interacted with through blockchain networks. This enables key features such as security and advanced crypto-economics.

Aleph.im is already compatible with many leading blockchain projects including Ethereum, Polkadot, Cosmos and BinanceChain. This enables any project building on these platforms to integrate with our decentralized database and file storage..

Finally, aleph.im implements a channel mechanism allowing sharding-- subnetworks with all the aleph.im network features. You can think of shards as dedicated cloud clusters.

How Are Transactions Managed?

Onchain transaction fees are free for users as long as web dapp teams pay for it, which is a similar business model as web2, where app owners pay cloud providers such as AWS. Onchain transactions are batched, so fees are minimal.

Finally, aleph.im provides delegated transactions. These transactions are managed by the network, so there is no need for users to manually resubmit a transaction or adjust its fee.

How Is Data Managed?

Data is private and encrypted by default, with the option to make data public. Data is only stored on the necessary minimum amount of nodes. Data can be stored on nodes in specific geolocalizations.

Aleph.im is compatible with IPFS, meaning that the data gets replicated on aleph.im nodes and on IPFS.

What Products Are Already Built on Aleph.im?

• Staking DApp
• Personal Storage DApp
• Blogging DApp (tech-preview)
• The website of aleph.im itself is hosted on Aleph.im network
• Starname, using our decentralized DB to save crypto profile details

What Tools Does Aleph.im Provide for Buidlers?

• Aleph.im SDK which includes Javascript and Python client libraries.
• Aleph.im network Explorer
• Aleph.im Token Swap to swap your ALEPH tokens between NEO, NULS and Ethereum networks

What Is The Utility of the ALEPH Token?

• Staking Token - collateral used to secure the network
• Reward Token - for staking and/or running nodes, for providing cloud services
• Payment Token - pay for storage, computings and synchronization services

How Many ALEPH Coins Are There in Circulation?

As of December 28, 2020, 69.73M ALEPH tokens are in circulation. Aleph.im did not hold an ICO. The initial minting process involved staking NULS tokens in the Proof of Credit Mining (POCM) platform, which rewarded stakers in ALEPH tokens. The total token supply was reduced by half in July 2020. Tokens currently put in circulation are for stakers, node operators, liquidity providers, marketing, and company usage.

Where Can I Buy ALEPH tokens?

ALEPH is available for trading on a growing number of exchanges. We recommend using Uniswap but ALEPH is also available on centralized exchanges.

AMM * Uniswap (ETH) * Balancer (ETH) * 1inch (ETH) *0xProtocol (ETH)

CEX * Beaxy.com (ETH) * Gate.io (USDT) and also Ethereum (ETH) * MXC (USDT) * Kucoin (USDT) * Probit (BTC) and also South Korean Won, USDT Stablecoin

New to cryptocurrency? Read CoinMarketCap’s easy guide to buy Bitcoin or any other token.

Where Can I Learn More About The Project?

Currently our main and most up-to-date communication channels are our Medium blog, Twitter account and Telegram channel.