With the understanding that the Aladinnetwork frequent asked question (part1) met several needs and provided answers to many ambiguity investors had in the project, series of more questions are still begging for answers that lead us to the second phase of this exercise. This is getting more interesting as we welcome you to Aladinnetwork FAQ part2:
Since the after the 2017 crazy bull run, most crypto projects has hardly met their Soft Cap, let alone their Hard Cap. What is it that makes Aladinnetwork different from this narrative?
Aladinnetwork besides having numerous uses cases is also providing solutions to existing problem in blockchain technology. More so, the Innovation of universal oracle to match the status of the frame work of the existing blockchain focusing on speed , security and scalability to bring internet really into the focus remains the game changers Aladin is bringing to blockchain. With the universal oracle, any kind of dapp can be developed. Aladinnetwork is working with sole aim to adding value to the system.
There has been series of crypto projects that collapsed in the past as a result of developers quitting the project. What happens to Aladinnetwork in the face of similar occurrence?
Aladinnetwork is being powered by two software houses in Europe and India respectively with the fees having been paid up completely. At the time of the compilation of this write-up the MVP (Minimum Viable Product) is ready and testing will commence in October 2019. Aladinnetwork has gone beyond the stage of abandonment and if this scenario presents itself, another set of developers will take over immediately.
What kind of control will Aladin Corporation have over Aladinnetwork or aladin blockchain since the nodes are owned by node operators and other interested corporations, and also outside the confinement of Aladin Corporation?
Aladin Corporation does not have control of the aladinnetwork because it is a complete decentralized community based blockchain project. It is owned by the community. The control of the network will be purely based on community votes. Aladin Corporation will not control the blockchain and no individual or corporation can.
After the initial sales of coin to investors and node owners, how does Aladin Corporation intends to make gains since the sales of Ala coins to future users via the exchanges will be done without the participation of the Aladin Corporation?
12.5% of the entire Ala coin will be reserved for the Aladin Corporation. Also buying of unique id will be paid through Ala coin. The development and provision of dapps and its market place is another source of income for Aladin Corporation. More so, Aladin Corporation intends to sell 10% of her equity to the public shortly.
What happens to node operators who could not maintain their running cost due to little or no election to be node producer?
This can only happen in an extreme case and such shows that the node operator does not have a qualified tech hands to run the node or does not meet the requirement to be node operator. This is so because the election to be node producer takes place every 126 secs and when a node is elected earlier, they will not be elected in the next immediate election. There is enough chance for participation as a node producer to make money for node operator.
Are there any plans, provision or arrangement of partnership with other crypto projects for easy leveraging of benefits and resources?
There are plans to store data with some data storage company. Also as the premier dapp market place we will house other dapps developing companies and the possibilities of partnerships are in the offing.
Can Aladinnetwork be bought over completely by high net worth individuals or corporation?
Aladinnetwork (Aladin blockchain) and Aladin Corporations are two different entities. Nobody can buy Aladin blockchain because it is completely decentralized and owned by the community. Aladin Corporation can be bought because she is the dapps developing company.
Which of the existing cryptos will Ala coin have as a trading pair?
This depends on the exchanges that we will be using. More so bitcoin, ethereum and fiat pairs look more like it.
How possible is Ala coin to be integrated into Igniterpay?
FCA banks don’t really have association with crypto yet. When they do, we will not have problem to do the integration. So it is strictly dependent on the FCA regulations.
Since the withdrawal issues of Solmax back office is lingering, can Ala coin be used as the withdrawal and payment option?
This is very possible at the launch of Aladinetwork but no guarantee is given at this time.
In the face of Government regulations that does not favor aladinnetwork, is there any proactive approach to prevent the negative effect on the aladinnetwork?
So far there has not been any legislation against crypto in the UK. Such legislation may not have any effect on the aladin blockchain but may affect Aladin Corporation. In the face of this, Aladin Corporation will not hesitate to relocate to more crypto friendly environments like Estonia, Malta, Carnary Island, etc.
What s the effort of Aladinnetwork to ensure compliance to global anti-money laundering and terrorist participation?
We will require KYC/AML and trading in exchanges that under forensic test. More so, some of these decisions will be contributed by voters.
There are some investors’ apathy when they realized that Igniter100 and by extension Aladin corporation has major Pakistani ownership and board member dominance. What is your take on this?
The 21st Century business environment has gone beyond sentiments and has been mostly driven by the concept, vision and mission behind any business opportunity which Igniter100 and Aladin Corporation is not excluded. Come to think of it, the founder of Microsoft, Bill Gates is Jew and a US citizen, Steve Jobs of Apple is a Syrian and a US citizen, and a host of others. So, there is nothing wrong with Abdul Rehman Sandhu and Adil Abbas having a Pakistani origin and with UK citizenships heading prospective companies in the UK.
For further inquiry please contact [email protected] or https://www.linkedin.com/in/adil-abbas-64915918b and visit www.aladinnetwork.org
You can also join our zoom with the following detail:
IGNITER100 / SolMaxGlobal is inviting you to a scheduled Zoom meeting.
Topic: IGNITER100 / SolMaxGlobal's Zoom Meeting
Time: Oct 4, 2019 05:00 PM London
Join Zoom Meeting
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Meeting ID: 899 275 789
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Topic: ALADINNETWORK: BRIDGING THE GAP BETWEEN MODERN INTERNET & DAPPs (Read 163 times)
September 26, 2019, 05:42:52 PM
Following Aladinnetwork sales, promotion, and earlier publications on bitcointalk.org: https://bitcointalksearch.org/topic/m.52497427 , several questions aimed to clarify every ambiguity concerning the project have been compiled for investors and crypto enthusiast’s perusal. They are enumerated thus:
Syscoin uses its masternode functionality for its marketplace and Boscoin integrates masternode for its smart contracts, what is the specific function and usage of Aladin nodes?
A node is a device on a blockchain network that is in essence the foundation of the technology, allowing it to function and survive. Each cryptocurrency has its own nodes, maintaining the transaction records of that particular token. Nodes are the individual parts of the larger data structure that is a blockchain.
Aladin has 21 Nodes in total to perform key functions on blockchain like in insurance, betting platform or any other conditional payment system. They will operate with DPOS prototype same as EOS, which has proven to be one of the fastest and safest (secured) so far.
What percentage or amount of Aladin nodes has been sold so far?
6 nodes are committed already with our network. Further 5 are in talks to reaching potential interested party. Anyone who has interest to be Node operator with Aladinnetwork, must contact us now for best deal ( [email protected] or https://www.linkedin.com/in/adil-abbas-64915918b )
What is the least amount of nodes that is needed to be sold for Aladinnetwork to kick off or continued?
It is compulsory we engage the 21 nodes before getting live. In case we don’t get 21 Nodes nominated yet before January 2020, we still have way to go ahead with the project by offering either additional opportunity to existing node operators to run more than 1 node. There are many choices before us to keep this project going.
Is the mandatory Aladin coins staking by nodes owner different from the initial node purchase of £100000?
Besides the cost of the node hardware and the rest of node setup, we are providing node operators 100,000 ALA coins for staking into their wallet. They are paying for the intended staking ALA coins now. Also they can get extra Ala coins which they can sell later for profit if they like, as price will go up. We started with £100,000 for 100,000 ALA coins but we increase the price as demand increases.
Any idea of what it takes to acquire a standard Aladin hardware node and its setup cost besides the staking fees?
A node operator needs about $10k to $15k hardware one off cost. Also another 10k monthly operation running cost ongoing for rent, electricity, internet and engineer cost. These can be taken care of from 50k monthly node earning incentive.
So what is the maximum supply of Ala coin available since nodes owner can buy extra coin besides the needed staking coins for their nodes?
Ala coin has 800m total supply and will be locked with just only 5% being released into market in the first year, 4% in the second year, down to 2% in the fourth year all in the bid to make it a bit stable, although this approach could be changed by voting.
Again, Aladinnetwork will be used by dapps creators or by anyone and there will be one off small fee for those services. Fee will be in ALA coin and revenue will be burnt continuously to give greater value to ALA coin. This is part of the tokenomics that will be backing this project.
Does Aladinnetwork have any expansion plan for the future to increase the number of its entire nodes if demands persist?
No, because the total cannot exceed 21 nodes.
So far, Aladin nodes have been portrayed as the service provision based blockchain. What is the plan to get clients to patronize these services? Is there any plan to source the patronage of these services?
Most Dapps bring users to platform apart from node owners who may be Insurance Corporation with good number of clients. We also have in house media comparing team, who will write and do massive campaign shortly. Besides, we also have external blog outreach arrangement, online and offline marketing plan promotion and Tech camps for developers to develop dapps.
Must these nodes be hosted in a physical server farm or be hosted independently with the required specification & configuration and connected via the Internet?
Server will require specification and will configure with Aladin software via internet
Can a node owner own and operate more than one node?
No
Besides the burning of Ala coin, what other measures will be adopted to avoid coin dumping?
Coins are staked to use the services of the platform tools to develop dapps. This means as more dapps are developed more coins will be staked which will support price. Node will require to stake ALA coin to 100,000 in number. Above all, coins will only come into market from Node, dapps owner, voters and corporation. All these have coins staked in the platform and will work to protect their interest.
What is the fate of a node that is not constantly nominated or voted to be a producer node?
They have chance to be elected next time if they meet criteria. However, they will lose income for term not elected to perform as a node.
How will an ordinary user who does not own a node participate in the coin staking on Aladinnetwork?
Coins can be staked into wallet by ordinary user who is looking to be candidate for node election. He can be voter and a voter will earn financial reward as well based on his vote casting. We are not doing ICO or IEO, so voters will buy initially coins from node at exchanges to be voters.
What about the sales made available to crowd funding and that done using the solmax cash?
They are very limited, just few thousands and does not make any difference. Hence, they don't have the volume to determine the market price
Will Ala coin be limited to an internal exchange or will it be subjected to the rigors of listing in the public exchange for trading?
It will be listed at major public exchanges and will be available for trading.
Will Aladinnetwork sell Ala coin directly to buyers or voters through the exchange?
You can expect millions of users buying coins, so mostly coins will be from node operators as they are mostly source of releasing coins in the market together with developers and users. Aladinnetwork will not sell directly to buyers or voters through the exchange.
We will also entertain more questions through this medium as the need arises. Visit us at www.aladinnetwork.org for more information. Aladinnetwork can only get better!
Syscoin uses its masternode functionality for its marketplace and Boscoin integrates masternode for its smart contracts, what is the specific function and usage of Aladin nodes?
A node is a device on a blockchain network that is in essence the foundation of the technology, allowing it to function and survive. Each cryptocurrency has its own nodes, maintaining the transaction records of that particular token. Nodes are the individual parts of the larger data structure that is a blockchain.
Aladin has 21 Nodes in total to perform key functions on blockchain like in insurance, betting platform or any other conditional payment system. They will operate with DPOS prototype same as EOS, which has proven to be one of the fastest and safest (secured) so far.
What percentage or amount of Aladin nodes has been sold so far?
6 nodes are committed already with our network. Further 5 are in talks to reaching potential interested party. Anyone who has interest to be Node operator with Aladinnetwork, must contact us now for best deal ( [email protected] or https://www.linkedin.com/in/adil-abbas-64915918b )
What is the least amount of nodes that is needed to be sold for Aladinnetwork to kick off or continued?
It is compulsory we engage the 21 nodes before getting live. In case we don’t get 21 Nodes nominated yet before January 2020, we still have way to go ahead with the project by offering either additional opportunity to existing node operators to run more than 1 node. There are many choices before us to keep this project going.
Is the mandatory Aladin coins staking by nodes owner different from the initial node purchase of £100000?
Besides the cost of the node hardware and the rest of node setup, we are providing node operators 100,000 ALA coins for staking into their wallet. They are paying for the intended staking ALA coins now. Also they can get extra Ala coins which they can sell later for profit if they like, as price will go up. We started with £100,000 for 100,000 ALA coins but we increase the price as demand increases.
Any idea of what it takes to acquire a standard Aladin hardware node and its setup cost besides the staking fees?
A node operator needs about $10k to $15k hardware one off cost. Also another 10k monthly operation running cost ongoing for rent, electricity, internet and engineer cost. These can be taken care of from 50k monthly node earning incentive.
So what is the maximum supply of Ala coin available since nodes owner can buy extra coin besides the needed staking coins for their nodes?
Ala coin has 800m total supply and will be locked with just only 5% being released into market in the first year, 4% in the second year, down to 2% in the fourth year all in the bid to make it a bit stable, although this approach could be changed by voting.
Again, Aladinnetwork will be used by dapps creators or by anyone and there will be one off small fee for those services. Fee will be in ALA coin and revenue will be burnt continuously to give greater value to ALA coin. This is part of the tokenomics that will be backing this project.
Does Aladinnetwork have any expansion plan for the future to increase the number of its entire nodes if demands persist?
No, because the total cannot exceed 21 nodes.
So far, Aladin nodes have been portrayed as the service provision based blockchain. What is the plan to get clients to patronize these services? Is there any plan to source the patronage of these services?
Most Dapps bring users to platform apart from node owners who may be Insurance Corporation with good number of clients. We also have in house media comparing team, who will write and do massive campaign shortly. Besides, we also have external blog outreach arrangement, online and offline marketing plan promotion and Tech camps for developers to develop dapps.
Must these nodes be hosted in a physical server farm or be hosted independently with the required specification & configuration and connected via the Internet?
Server will require specification and will configure with Aladin software via internet
Can a node owner own and operate more than one node?
No
Besides the burning of Ala coin, what other measures will be adopted to avoid coin dumping?
Coins are staked to use the services of the platform tools to develop dapps. This means as more dapps are developed more coins will be staked which will support price. Node will require to stake ALA coin to 100,000 in number. Above all, coins will only come into market from Node, dapps owner, voters and corporation. All these have coins staked in the platform and will work to protect their interest.
What is the fate of a node that is not constantly nominated or voted to be a producer node?
They have chance to be elected next time if they meet criteria. However, they will lose income for term not elected to perform as a node.
How will an ordinary user who does not own a node participate in the coin staking on Aladinnetwork?
Coins can be staked into wallet by ordinary user who is looking to be candidate for node election. He can be voter and a voter will earn financial reward as well based on his vote casting. We are not doing ICO or IEO, so voters will buy initially coins from node at exchanges to be voters.
What about the sales made available to crowd funding and that done using the solmax cash?
They are very limited, just few thousands and does not make any difference. Hence, they don't have the volume to determine the market price
Will Ala coin be limited to an internal exchange or will it be subjected to the rigors of listing in the public exchange for trading?
It will be listed at major public exchanges and will be available for trading.
Will Aladinnetwork sell Ala coin directly to buyers or voters through the exchange?
You can expect millions of users buying coins, so mostly coins will be from node operators as they are mostly source of releasing coins in the market together with developers and users. Aladinnetwork will not sell directly to buyers or voters through the exchange.
We will also entertain more questions through this medium as the need arises. Visit us at www.aladinnetwork.org for more information. Aladinnetwork can only get better!
September 19, 2019, 04:39:29 AM
MCM project otherwise known as Aladinnetwork is one of the disruptive serial projects of Igniter100 Fintech enterprises which is headquartered in the heart of London, precisely at 1 Fore Street Ave London, EC2Y 9DT, United Kingdom. Aladinntework is an Internet disruptive blockchain project that is coming at a time where there is need to develop and encourage the use of dapp with a renewed effort of making it user friendly to gain a wider acceptance. Fully backed by the Igniter100 team and spear headed by the duo of Adil Abass and Steve Lubka, aladinnetwork provides what it takes to make a decentralized internet a reality.
Brief overview of Aladinnetwork
Aladinnetwork is poised to bridge the gap between the modern Internet and decentralized applications by way of making the experience of dapps’s user seem like the use of internet browser; they are providing a dapp user experience next to none. With this also, Aladinnetworks aims to make the decentralized Internet (blockchain) accessible to everyone.
Aladinnetwork blockchain is originally built on 21 nodes for optimal functioning. Nodes are the blockchain. A blockchain exists out of blocks of data. These blocks of data are stored on nodes (compare it to small servers). Nodes can be any kind of device (mostly computers, laptops or even bigger servers). Nodes form the infrastructure of a blockchain. All nodes on a blockchain are connected to each other and they constantly exchange the latest blockchain data with each other so all nodes stay up to date. They store, spread and preserve the blockchain data, so theoretically a blockchain exists on nodes. A full node is basically a device (like a computer) that contains a full copy of the transaction history of the blockchain.
In the case of Aladin blockchain, the nodes are geographically located in different locations but are connected together via the Internet. Also with the policy of not more than one node to a node operator, aladinnetwork is better positioned to having a more decentralized outlook.
Once Aladin node is live, it checks if a block of transactions is valid and accepts or rejects it. It as well saves and stores blocks of transactions (storing blockchain transaction history). Aladin nodes broadcast and spread this transaction history to other nodes that may need to synchronize with the blockchain (need to be updated on transaction history as the case may be).
Using Delegated Proof of Stake (DPOS), the aladinnetwork 21 nodes are made block producers. These Block Producers are responsible for providing the computational and storage resources of the network. They process all transactions; provide all computation for smart contracts, and each store a full copy of the network.
Block Producers are compensated for their work and their resources by receiving a block reward composed of newly created tokens. However, each node is required a down staking of 100000 ALA coins which is currently paid in fiat based on the unit value of ALA coin. This is besides the cost of procuring, setting up and running the nodes hardware architecture. You don’t need to worry since the gains emanating from running a node far exceed these over head costs. Aladinnetwork will be launched on or before January, 2020.
Where can aladinnetwork nodes be likely deplored?
The entry of the aladinnetwork into the DLT space is geared towards being deplored and applied in the real world situations like in the conditional payment systems of the insurance and betting platforms. It is also applied to ensure users full controlled right to personal data and usage. Accessing of dapps through internet readable browsers is also another way to bring home the effect of this project.
What are the unique features of Aladinnetwork?
1. A native universal oracle smart contract: This allows data to be requested from any external API & IoT sources.
2. Creating enabling environment for creation and sales of dapps: Aladinnetwork provides the needed circle and tools to create useful dapps, making
it readable and possible to import data from external and decentralized storage with user controlled access and verifiable cryptography. There is
also the inclusion of DNS that allows the creation of browser that navigates to Aladinnetwork, an app store that allows the easy to access,
locate and use new dapps together with a source of SDK tools to aid developers.
3. Safe, scalable and fast blockchain: The Aladinnetwork can boast as one of the most secured, safest and fastest blockchain with about 4000 tps.
4. No transaction cost on Adinnetwork: Aladinnetwork has a zero transaction cost for developers.
5. Aladinnetwork compensates every participants of the network: The network brings the users, nodes owner and developers together with the sole
aim to compensate all for their contribution to the Aladinnetwork.
6. A blockchain project with human face: Alandinnetwork happens to be one of those few blockchain projects that does not only have a human
face but also has a physical office presence in UK. Officials and representatives of the Aladinnetwork are always available and willing to do
business directly with interested clients.
In what ways can one invest in aladinnetwork ?
By means of a crowd funding option or angel investors approach, one can be part of Alandinnetwork: JOIN CROWD FUNDING. However, one can purchase the entire node by having a direct contact with aladinnetwork by contacting this email: [email protected] or by this linkedin account: https://www.linkedin.com/in/adil-abbas-64915918b
Further inquiries on Aladinnetwork could be made on these online presences and social media channels enumerated thus:
Website: http://aladinnetwork.org/
Twitter: https://twitter.com/aladinnetwork
Facebook: https://web.facebook.com/Aladinuk-100757154617610/?_rdc=1&_rdr
Brief overview of Aladinnetwork
Aladinnetwork is poised to bridge the gap between the modern Internet and decentralized applications by way of making the experience of dapps’s user seem like the use of internet browser; they are providing a dapp user experience next to none. With this also, Aladinnetworks aims to make the decentralized Internet (blockchain) accessible to everyone.
Aladinnetwork blockchain is originally built on 21 nodes for optimal functioning. Nodes are the blockchain. A blockchain exists out of blocks of data. These blocks of data are stored on nodes (compare it to small servers). Nodes can be any kind of device (mostly computers, laptops or even bigger servers). Nodes form the infrastructure of a blockchain. All nodes on a blockchain are connected to each other and they constantly exchange the latest blockchain data with each other so all nodes stay up to date. They store, spread and preserve the blockchain data, so theoretically a blockchain exists on nodes. A full node is basically a device (like a computer) that contains a full copy of the transaction history of the blockchain.
In the case of Aladin blockchain, the nodes are geographically located in different locations but are connected together via the Internet. Also with the policy of not more than one node to a node operator, aladinnetwork is better positioned to having a more decentralized outlook.
Once Aladin node is live, it checks if a block of transactions is valid and accepts or rejects it. It as well saves and stores blocks of transactions (storing blockchain transaction history). Aladin nodes broadcast and spread this transaction history to other nodes that may need to synchronize with the blockchain (need to be updated on transaction history as the case may be).
Using Delegated Proof of Stake (DPOS), the aladinnetwork 21 nodes are made block producers. These Block Producers are responsible for providing the computational and storage resources of the network. They process all transactions; provide all computation for smart contracts, and each store a full copy of the network.
Block Producers are compensated for their work and their resources by receiving a block reward composed of newly created tokens. However, each node is required a down staking of 100000 ALA coins which is currently paid in fiat based on the unit value of ALA coin. This is besides the cost of procuring, setting up and running the nodes hardware architecture. You don’t need to worry since the gains emanating from running a node far exceed these over head costs. Aladinnetwork will be launched on or before January, 2020.
Where can aladinnetwork nodes be likely deplored?
The entry of the aladinnetwork into the DLT space is geared towards being deplored and applied in the real world situations like in the conditional payment systems of the insurance and betting platforms. It is also applied to ensure users full controlled right to personal data and usage. Accessing of dapps through internet readable browsers is also another way to bring home the effect of this project.
What are the unique features of Aladinnetwork?
1. A native universal oracle smart contract: This allows data to be requested from any external API & IoT sources.
2. Creating enabling environment for creation and sales of dapps: Aladinnetwork provides the needed circle and tools to create useful dapps, making
it readable and possible to import data from external and decentralized storage with user controlled access and verifiable cryptography. There is
also the inclusion of DNS that allows the creation of browser that navigates to Aladinnetwork, an app store that allows the easy to access,
locate and use new dapps together with a source of SDK tools to aid developers.
3. Safe, scalable and fast blockchain: The Aladinnetwork can boast as one of the most secured, safest and fastest blockchain with about 4000 tps.
4. No transaction cost on Adinnetwork: Aladinnetwork has a zero transaction cost for developers.
5. Aladinnetwork compensates every participants of the network: The network brings the users, nodes owner and developers together with the sole
aim to compensate all for their contribution to the Aladinnetwork.
6. A blockchain project with human face: Alandinnetwork happens to be one of those few blockchain projects that does not only have a human
face but also has a physical office presence in UK. Officials and representatives of the Aladinnetwork are always available and willing to do
business directly with interested clients.
In what ways can one invest in aladinnetwork ?
By means of a crowd funding option or angel investors approach, one can be part of Alandinnetwork: JOIN CROWD FUNDING. However, one can purchase the entire node by having a direct contact with aladinnetwork by contacting this email: [email protected] or by this linkedin account: https://www.linkedin.com/in/adil-abbas-64915918b
Further inquiries on Aladinnetwork could be made on these online presences and social media channels enumerated thus:
Website: http://aladinnetwork.org/
Twitter: https://twitter.com/aladinnetwork
Facebook: https://web.facebook.com/Aladinuk-100757154617610/?_rdc=1&_rdr
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