AIOZ Network Cross-Chain Bridge for Multi-Chain $AIOZ
$AIOZ Multi-Chains Assets Summary
As the future direction of AIOZ Network is toward interoperability, developing cross-chain assets will create conditions for increasing the accessibility of user sets on many different blockchains, optimizing capital efficiency, and accelerating the growth of liquidity for AIOZ Network across multiple blockchains.
Additionally, numerous cross-chain bridge protocols are in active development, indicating that the trend toward multi-chain assets is inevitable.
AIOZ Network will maintain $AIOZ Assets in the following manner on three different blockchain networks:
- $AIOZ on the Ethereum Network as an ERC-20 token
- $AIOZ on the Binance Smart Chain Network as a BEP-20 token
- $AIOZ on AIOZ Network Mainnet.
Per current AIOZ Network Tokenomics:
Total Supply $AIOZ Mainnet = 1,000,000,000.
AIOZ Network Cross-Chain Wrapped Assets:
- Ethereum Network — $AIOZ ERC-20 Contract Address:
- Binance Smart Chain — $AIOZ BEP-20 Contract Address:
For more informations https://explorer.aioz.network/assets
AIOZ Network Cross-Chain Bridge
AIOZ Network Cross-Chain Bridge will be a gateway to convert $AIOZ assets from/across Ethereum Virtual Machine (EVM) chains to AIOZ Network’s Mainnet and vice-versa.
AIOZ Network Cross-Chain Bridge will be released on 8 January 2022.
In the initial stage, AIOZ Network Cross-Chain Bridge will enable bridging $AIOZ as follows.
- $AIOZ ERC-20 (Ethereum Network) <=> $AIOZ (AIOZ Network)
- $AIOZ BEP-20 (Binance Smart Chain) <=> $AIOZ (AIOZ Network)
- $AIOZ ERC-20 (Ethereum Network) <=> $AIOZ BEP-20 (Binance Smart Chain)
AIOZ Network Cross-Chain Bridge will enable AIOZ Network’s Native wallet and EVM-compatible wallets to expedite bridging users’ $AIOZ ER-C20 and $AIOZ BEP-20 and $AIOZ assets.
Users can simply convert $AIOZ ERC-20 and $AIOZ BEP-20 to $AIOZ Mainnet and vice-versa when participating in the AIOZ Network ecosystem such as Staking and using decentralized Applications (dApps) in the AIOZ Network.
The mechanism for maintaining AIOZ Network multi-chain $AIOZ assets will enhance the cross-chain user experience and increase $AIOZ adoption.
$AIOZ Utility in the AIOZ Network
Secure the AIOZ Network by Staking
The primary utility of the $AIOZ token in the AIOZ Network is to safeguard the network via a Proof-of-Stake mechanism. Validators must stake $AIOZ to be among the top 50 validators and begin working.
Delegators will delegate $AIOZ to validators on the network, securing the network through the proof of stake process. Delegators will receive a portion of the rewards and fees associated with their delegated validators verifying and finalizing transactions to establish a blockchain block.
This consensus mechanism is fast, lightweight, and energy-efficient while ensuring the network’s decentralization.
Rewards of AIOZ Network Nodes in AIOZ Network’s dCDN
AIOZ Network dApps will access the AIOZ Network dCDN’s bandwidth by utilizing $AIOZ. AIOZ Network dApps will use bandwidth, computational tasks and storage capacity from AIOZ Network dCDN’s nodes. AIOZ Network Nodes that join the AIOZ Network contribute to content storage and distribution, and share bandwidth will be rewarded with $AIOZ.
Payment Gateway in the AIOZ Network
The AIOZ Network, built on Cosmos-based blockchains, offers rapid processing speed, instant finality, low and infinite scalability, and interoperability with many chain assets, making $AIOZ a payment currency for a variety of activities such as online payment.
Network Fee for Smart Contracts & Transactions on the AIOZ Network
$AIOZ will be the primary token used to pay fees for network activities such as sending transactions and deploying smart contracts. Although the AIOZ Network transaction fee is reasonably low, the $AIOZ charge will be sufficient to make a jamming transaction attack, aka DDoS, very costly.