FAQ

The Aion Foundation believes in being transparent to and inclusive of our community. We have created a Reddit page where questions can be posted and then upvoted; we will then respond to the questions and post them here for all to see.


Q:
Why did the Aion Project decide to form a foundation?
A:

As indicated during the AION token sale in October 2017, for Aion to truly and adequately represent the interests of the community, and to create an open and inclusive ecosystem, a restructuring from a corporate model to a non-profit foundation model was essential. In July 2018 we announced the formal transition of our operations from Nuco Global Inc., the original corporate entity that gave rise to the Aion Network, to the Aion Foundation.

Q:
How will the Foundation support research and development?
A:

Research and development are top priorities for our team and our community. We are supporting ongoing research in the following ways:

The Aion Foundation has launched a Bounties and Grants program for the explicit purpose of accelerating the growth of the Aion ecosystem through incentivizing and funding third parties to develop and implement essential tasks and projects of merit.

Bounties are a form of recognition and compensation offered to individuals who complete a task. They include bugs, security vulnerabilities, documentation, transaction, features, test coverage and more.

Grants are equity free, non-repayable funds dispersed to individuals or entities for a specified purpose. They may include academic research, building new tools/products, core protocol development, community and outreach and more.

The community can also propose bounty and grant proposals.

Q:
What sets the Aion Foundation apart from others in the industry?
A:

The Aion Foundation believes in being bold, tackling problems head-on, and always acting with integrity. We believe in decentralization, and empowering the individual through trust, transparency, and inclusivity. We believe we are different from other projects in our lack of compromise in our beliefs, and by focusing on delivering leading technology in a transparent, trustworthy, and dependable manner.

Q:
What sort of traction/adoption have you had so far?
A:

We are excited about the caliber and number of companies that have decided to build their businesses on the Aion platform. We have many exciting blockchain dApps as well as third-party tools that are built or are currently being built by both Aion partners and community developers. We expect 2019 to be a big year for the Aion Network.

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