The stablecoin utility is still very much tied to its stability as opposed to traditional crypto assets. This strategy has proven useful, especially since Fiat still dominates other currency types like crypto in most countries’ economies. It serves as a lifeboat type that allows investors to rotate into a Fiat pegged coin without cashing out into real-world Fiat. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.įor many traders, stablecoins like USDT serve as a hedge during market corrections. Readers should do their own research before taking any actions related to the company. The project team has purchased this advertisement article for $250. Website | Discord | Twitter | Telegram | Mediumĭisclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. It is a unique technology, which results up to 600,000 TPS without issues, and completes a transaction in around 100 milliseconds. Our consensus mechanism is called Proof of Area. About Areon NetworkĪreon Network is a unique, decentralized layer 1 blockchain project with a spotless track record of stable development since day 1.Īreon Network is developing Areon Chain, where anyone can build new dApps, perform daily interactions of sending and receiving payments instantly for incredibly low fees. Details can be found on their Medium blog.įor those who wish to explore more participation opportunities during Areon’s testnet, the team also announced a brand ambassador program, named Areon Champions. Thus, investors will possess relatively more of the digital currency with this update. That means half the supply will be gone once the mainnet launches. However, AREA coin will have only 250 Million Max Supply.
Investors will receive 1:1 coin replacement for their tokens, once the project launches mainnet. A Deflationist ApproachĪlong with their testnet, the Areon team has also announced a new tokenomics structure and a decreased maximum supply once the mainnet is launched.ĪREA is currently a token on BNB Chain with a 500 Million Max Supply. Testers may send and receive AREA coin in the test environment, observing the speed and the performance of the chain for the first time.Īreon’s developer team teased gifts and rewards for participating in the testnet event. Visitors will find detailed instructions on the page.
#Binance smart chain test net free
Participation is free via a link on their website. The testnet will not only validate the technology but also set the stage for future developments. It will be the first glimpse into what the Areon Chain is capable of as a blockchain. What does the Testnet mean for Areon Network?įor both the Areon team and the community, the testnet serves as a rite of passage. There will be gifts and rewards for taking part in the event too. If the chain performs as well as Areon intends to, the sentiment for their project and the token named AREA will be favorable.īy joining Areon’s testnet, users will get the opportunity to explore the speed and functionality of the Areon Chain for the first time.
It's a safe playground for developers to innovate.įor the early investors of Areon, it’s a rite of passage.
Why is it Important?įrom the team’s perspective, it allows developers to test new functions and measure performance without affecting the mainnet. The tokens used in the testnet have no real-world value and are solely for simulation purposes. It is an essential step before launching the mainnet, allowing for thorough testing and debugging. What is a Testnet?įor those unfamiliar with the term, a testnet serves as a testing platform where developers can try out new codes, transactions, and applications in a risk-free environment. Scheduled for September 20, the launch of their testnet is a highly anticipated event that promises to be a game-changer.
#Binance smart chain test net plus
With a bold mission statement to become ‘the most comprehensive blockchain project’, this team of 50 plus hard workers set a date for their testnet phase. But there are still teams out there, developing new blockchains with the latest technology, waiting to be discovered by crypto enthusiasts, while everyone waits for the next bull run.Īreon Network is one of those layer 1 projects, that has been quietly building their chain for a while. The crypto space has been hearing about fewer and fewer layer 1 projects lately.
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