Eye on the Supply: Aion Facts versus Fiction

Joseph P. DiPasquale
9 min readMar 23, 2019

People are talking more about Aion, but not all of it is flattering — or true.

It is crucial to understand a cryptocurrency’s supply dynamics, and Aion’s can be hard to navigate for newcomers. This article addresses some of the most common questions and issues raised about Aion’s token supply and price performance.

As always, you should do your own research. This article is a summary of publicly-available information and the author recommends checking his sources for additional information and context:

Aion Supply Dynamics Overview

Aion minted about 466 million tokens in fall 2017 and has a 1% annual inflation rate for validator rewards (currently for proof-of-work mining on Aion’s main net launched in April 2018).

About 186 million tokens (40%) were reserved initially for the Aion project, Nuco Global (Aion’s parent company at the time), and early partners for their contributions to getting the project started. Aion held a private presale of 30 million Aion tokens to institutional and accredited investors for $0.50 per token ($15 million raised). Aion then held a public presale of another 9.5 million Aion tokens sold in tranches from $0.75–$1.00 per token ($8 million raised). In light of the amount raised and volatile market conditions, Aion canceled the planned public sale of the remaining tokens.

TRS Token Distribution (top side-by-side; bottom stacked). See also the chart in Messari’s asset profile, which also includes mining rewards.

In line with its token sale mechanics paper, Aion split the unsold tokens between two token release schedule (TRS) smart contracts. Anyone holding Aion had the option to lock their tokens in a smart contract by early December 2017 that would distribute those plus half of the unsold tokens pro rata monthly over a year ending November 2018 (over 90% of purchasers participated). The tokens reserved for the Aion project, Nuco Global, and early partners were locked in another smart contract with the other half of the unsold tokens to be distributed monthly over…

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Joseph P. DiPasquale

Joseph is a Chicago trial attorney interested in blockchain technology and alternative dispute resolution.