Aterious claims to be the first crypto-based, precious metals B2B platform. Find out how it works today in our Aterious review.
What Is Aterious?
Aterious is a digital token that claims to be “the future of business.” The developers describe it as “the first peer to peer autonomous private secure AI network with an autonomous conflict resolution algorithm.”
That means businesses can use the network to hold business assets agreements. Those agreements and assets could include fiat currencies, digital tokens, and precious metals.
Aterious also emphasizes privacy, claiming businesses would be able to conduct transaction in privacy “never seen before” because there would be no human intervention – only the two parties involved in the agreement can see their business agreement.
Overall, there isn’t much information about Aterious available online. The developers never mention their names or locations, and there’s no product or platform available for the public to see. Meanwhile, the whitepaper is just 6 pages long.
What makes Aterious different from any ordinary smart contract on the Ethereum blockchain? Here are some of the key features of the platform:
Aterious has an autonomous artificial intelligence software network that will allow people, businesses, and AI to conduct peer-to-peer transactions in fiat currency, cryptocurrency, digital tokens, and precious metals.
Decentralized Autonomous AI Network:
Aterious aims to use a new platform pattern recognition with a combination of C++ network technologies, focusing on a real peer-to-peer decentralized autonomous environment.
Aterious claims to be “constantly innovating and researching new solution in the block chain as well in the hardware that power the block chain,” explains the official website in an awkward way.
Ultimately, the vision is to create a decentralized platform capable of worldwide expansion. There’s limited technical information about the Aterious platform available online, and the whitepaper is just 6 pages long.
Instead of discussing the details of the blockchain and how it works, most of the whitepaper is focused on discussing Aterious tokens as a for-profit investment. The company talks about a deflationary algorithm, for example, which makes Aterious “the best investment opportunity ever come your way.” There will be a total initial supply of 120 million Aterious tokens, but that total will drop to 16 million tokens. No tokens will be destroyed – Aterious will just buy the tokens back.
The Aterious ICO
The Aterious ICO began on September 15 and continues through November. The software development is scheduled to begin on October 11.
There are various bonus periods available for Aterious. There’s a 35% off bonus period ($0.65 per token) from September 28 to October 29. Then, a 30% off bonus period ($0.70 per token) starts October 30 and continues for an indefinite length of time.
In terms of the value of the tokens Aterious tokens will be used for transactions on the ecosystem. Each transaction is priced at one Aterious coin. Meanwhile, the token has a deflationary mechanism that is expected to lead to increased prices over time. The Aterious network would purchase 15% of the total coin after 20 million transactions are made. They will purchase tokens at a fixed price of $1 per coin.
Who’s Behind Aterious?
The developer is listed as “Aterious Business to Business”. There’s limited information about the company available online. Aterious has a Facebook and Twitter page, although neither is particularly active. They’ve also published a Bitcointalk forum post that received one reply.
Meanwhile, the whitepaper and website give us no information about the Aterious team or who’s running the company. We don’t know where the company is based, or why they’re qualified to handle your investment capital.
It’s not totally clear what Aterious is or how it works. The platform vaguely mentions securing crypto assets, precious metals, and fiat currencies inside a smart contract for the purpose of B2B agreements. However, the website and whitepaper don’t go into much detail about how the system works.
Instead, most of the website and whitepaper are focused on explaining why Aterious tokens are a good investment opportunity. The company claims that you can buy tokens for $0.65 today and they’ll buy them back from you at $1 per token in the future. They also claim that tokens will be listed at $1 per token after the ICO on all major exchanges – but how can a company guarantee what the price of a token will be on a freely-traded exchange?
Ultimately, you may want to wait for more information to come out before you invest in Aterious.