What Is Aphelion?
Aphelion is a decentralized cryptocurrency exchange powered by the NEO tokens. It enables borderless peer to peer transactions without the need for any third party company or any kind of central authority to validate the transactions because it uses the blockchain technology.
How Aphelion Decentralized Crypto Trading Exchange Works
This company works using a borderless and trustless transaction system that enables you to grow your portfolio when investing in cryptocurrencies. It uses smart contracts provided by the NEO blockchain, on top of which this decentralized application was built.
Decentralization happens because the platform’s information is not stored on a server, but on the blockchain and instead of being kept in a single place, the blockchain is divided by millions of computers. This way, there is never centralization of information or access.
This decentralization is capable of offering something that the local banks simply cannot offer. This means that this platform has lower fees, no delays and fewer problems. You will have your funds frozen for arbitrary reasons or your tokens stolen because the company was hacked. Aphelion does not hold your tokens so nobody can steal them from you using the company.
All the transactions are made via smart contracts and are on-chain. This means that they will all be registered forever on the blockchain and completely automatic and secure. The company even distributes the APH tokens that are spent on transactions fees for the APH token holders, meaning that they receive back what they spend on the network.
This is a cryptocurrency exchange that was built completely focused on the community and looking for better ways to serve it and become useful.
Why Does Aphelion Use NEO?
Many decentralized apps these days still Ethereum (ETH), which is the second most famous cryptocurrency of the world and arguably the most useful. The creators of Aphelion, on the other hand, decided to follow for a less (but increasingly) popular route and use NEO.
NEO supports fast smart contract transactions, just like Ethereum, and provides a good support for the companies and programming languages like .Net, Java, Python and Go. Also, it has a shorter learning cycle that makes development faster.
This blockchain also uses an efficient mean of energy that is considerably lower than Ethereum and contracts that Aphelion states that are better than Ethereum’s. Finally, it can make up to 10,000 transactions per second while Bitcoin does 3 or 4 and Ethereum does 20. It is, if you look at these points, considerably better than Ethereum.
The Aphelion Wallet is a desktop wallet that uses the NEO technology. You can store not only APH tokens, but also NEO, GAS tokens and any type of coin that uses the NEP5 technology.
The company states that the wallet has a great interface and provides real time trading for its users along with customizable options. It is highly scalable and decentralized, which allows for transactions with anybody even when thousands of people are making transactions at the same time.
At the moment there is only a desktop version of this product, but the company states that a new mobile version will be ready soon.
Aphelion APH Token & ICO Details
APH tokens are the basis of this company. They are required to make transactions on the company. Also, the APH token holders are eligible for getting new tokens when the company makes transactions.
There will be no Initial Coin Offering (ICO) of APH tokens in order to maintain the network decentralized. Instead of this, the company gave APH tokens to the first 10 thousand users that registered on the platform. There may be additional APH airdrops with promotional character soon, but your main way to get APH tokens would be to buy them directly from the company.
This looks to be a good option if you are looking for a NEO-based crypto exchange. There are many exchanges out there, but Aphelion seems to clearly be a good option if you are interested in NEO. Should you be? Maybe, because this is a really fast network that is growing recently and will probably have an interesting future.