INTRODUCING THE XRM
XRM is an ERC-20 on . It is issued by Aerum Technologies Limited, a company representing the Aerum public initiative in order to bootstrap the network launch, fund future technology development, finance the ecosystem and partnerships, support and grow the Aerum community.
XRM has a total supply of 1,000,000,000 units and is non-mintable (no more units of can be created later). Initially is distributed between project developers and founders, early strategic investors and community members. A substantial portion of total supply is locked up and dedicated to network staking rewards.
Aerum is a business platform focused on providing a top-level encompassing infrastructure for launching business applications on , tokenizing assets, rewards and marketing processes, as well as building programmable P2P financial applications. To empower a successful business platform the Aerum protocol was developed with the idea, that business applications should provide users with similar or better experiences users are accustomed to when dealing with current financial payment solutions: POS payments, e-commerce payments and electronic transactions. Aerum protocol features real-time transactions, free execution, a high throughput (30–50 times of ) and high scalability. Aerum protocol is based on cross-chain delegated Proof-of-Stake protocol ATMOS, developed by the Aerum team.
XRM is a digital asset representing a unit of ownership of Aerum network. Its primary role is to be used as a security bond for Delegates and Masternodes on the network, and as a unit of staking by holders, supporting selected Delegates by increasing their voting weight and a probability of being selected into the Signing Committee.
Aerum decided to allocate 30% of total XRM supply to the network staking rewards to support the network bootstrapping period. This strategy will greatly benefit early network adopters by allowing them to multiply their holding of XRM though staking. Once a week, 0.5% of remaining staking reserve XRM will be distributed to the stakers proportionally to amounts of staked. In May 2019, when Aerum anticipates starting the program, each week about 1,500,000 XRM will be distributed among stakers. As the amount of distributed currently is in low percentage digits, and usually not all holders participate in proactive participation, it will provide a tremendous opportunity for those, who spend time educating themselves, actively support the community and secure the network. For example, if only 1% of total supply will be initially staked, with 0.5% of reserves being distributed per week, we can expect that those who stake early can double their holding in just 6 week, and then, depending on amount of reinvested, keep doubling the stake at decreasing speed.
Aerum recognizes the need to create a sustainable source of XRM for the companies and projects that would like to join the Aerum network as Delegates and Masternodes, given the very limited initial circulating supply. To facilitate that, Reverse Dutch auctions will be held weekly, starting Summer 2019. This format will allow to trim XRM offering price to the level of current market demand, while providing an avenue of alternative liquidity supply, that won’t skew existing exchange-based public markets. for weekly auctions will be coming from the community development reserve.
Despite in no need of quick liquidity, Aerum has decided to list its on public exchanges as an additional mechanism to attract new participants and spread information and interest about the project. XRM at this moment is available for at ExMarkets exchange, a licensed exchange with a Fiat gateway service. Aerum is also preparing to list XRM at the LATOKEN exchange, with to be open before the end of April 2019.
Direct links to the exchanges can be found at Aerum project
Aerum is currently working on building a full-service encompassing business platform with its partners SignKeys and CoreLedger that will offer three key pillars for any business looking to tokenize its flows or enable P2P financial interactions:
· Real-time high-performance scalable protocol with economic model designed to benefit business participants and facilitate seamless user onboarding and application integration
· Revolutionary identity management system based on a military grade FIPS-140 mobile application with hardware key storage provided by SignKeys, linked to KYC and permission management tools for a top-grade enterprise identity management
· Full-service tokenization platform by CoreLedger, allowing to tokenize any asset, reward or marketing flows, trade any against any other without the need of a centralized listing, markets and books
Aerum is a unique enterprise platform suitable and affordable for any small and medium sized business that can be used already today. XRM is a stepping stone towards accessing and using it.
Published at Tue, 16 Apr 2019 11:11:23 +0000
