ALEO
ALEO
ALEO
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ALEO Timeline
ALEO Token allocation
ALEO BasicReport a Data Error
- Jun,2024Aleo Announces Prover Incentives 2: Retrospective
- Jul,2023Aleo launched its testnet3 Deploy Incentives Program to encourage developers to write and deploy applications on the Network.
- Dec,2022Aleo concluded testnet3’s program focused on incentivizing prover participation for ZK proof generation after the introduction of the new AleoBFT.
- Jul,2022Aleo launched Phase 1 of Aleo Testnet 3.
- Oct,2021Testnet2 was launched in 2021, with provers running over 10,000 nodes and producing millions of zero-knowledge proofs
ALEO Info
- Jun,2024Aleo Announces Prover Incentives 2: Retrospective
- Jul,2023Aleo launched its testnet3 Deploy Incentives Program to encourage developers to write and deploy applications on the Network.
- Dec,2022Aleo concluded testnet3’s program focused on incentivizing prover participation for ZK proof generation after the introduction of the new AleoBFT.
- Jul,2022Aleo launched Phase 1 of Aleo Testnet 3.
- Oct,2021Testnet2 was launched in 2021, with provers running over 10,000 nodes and producing millions of zero-knowledge proofs
ALEO Team
ALEO Intro
Aleo is a decentralized platform that brings privacy and scalability to blockchain applications through the use of zero-knowledge proofs (ZKPs). Launched in September 2024, Aleo empowers developers to create and deploy decentralized applications (dApps) that prioritize privacy without compromising performance or security.
Aleo's core innovation lies in its use of zero-knowledge proofs, allowing for the verification of transactions and computations without revealing sensitive data, thereby ensuring strong privacy guarantees for users. Its architecture offloads computation off-chain while verifying results on-chain, achieving high scalability and efficiently handling large transaction volumes without compromising decentralization or security.
To facilitate the development of privacy-focused dApps, Aleo offers Leo, a Rust-based domain-specific language (DSL) that abstracts away low-level cryptography, enabling developers to build private, innovative applications.
Aleo's tokenomics are designed to fuel the network by providing incentives for validators and provers, allowing for staking, and enabling decentralized governance. The Aleo token is used to access blockspace and computational resources on the network, with users paying tokens to submit transactions and have them processed.
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ALEO Token allocation
Q&A about ALEO Tokenomics
Explore the tokenomics of Aleo (ALEO) and review the project details below.
What is the allocation & supply schedule for Aleo (ALEO) ?
The allocation and supply schedule for Aleo tokens is structured to ensure a fair distribution of tokens over time, incentivize early participants, and support the network’s long-term growth. Here's the breakdown:
Initial Allocation:
- Early Backers: 34%
- Grants & Education: 25%
- Employees & Project Contributors: 17%
- Aleo Network Foundation & Provable: 16%
- Strategic Partners: 8%
Supply Schedule:
- Initial Supply at Launch: 1.5 billion Aleo tokens
- Total Supply: Over time, the circulating supply will grow to 2.6 billion tokens within 10 years.
- Inflation Rate: The initial inflation rate is 12% in the first year, and it gradually decreases over the following years:
The total supply will double approximately in 21 years, with the inflation rate progressively slowing down to ensure the stability and long-term sustainability of the network.
Rewards and Distribution:
- Validator and Prover Rewards: Validators receive block rewards, initially set at 23 Aleo tokens per block. These rewards are designed to decrease over the first 10 years to support sustainable network security and gradual token distribution.
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Aleo is a decentralized platform that brings privacy and scalability to blockchain applications through the use of zero-knowledge proofs (ZKPs). Launched in September 2024, Aleo empowers developers to create and deploy decentralized applications (dApps) that prioritize privacy without compromising performance or security.
Aleo's core innovation lies in its use of zero-knowledge proofs, allowing for the verification of transactions and computations without revealing sensitive data, thereby ensuring strong privacy guarantees for users. Its architecture offloads computation off-chain while verifying results on-chain, achieving high scalability and efficiently handling large transaction volumes without compromising decentralization or security.
To facilitate the development of privacy-focused dApps, Aleo offers Leo, a Rust-based domain-specific language (DSL) that abstracts away low-level cryptography, enabling developers to build private, innovative applications.
Aleo's tokenomics are designed to fuel the network by providing incentives for validators and provers, allowing for staking, and enabling decentralized governance. The Aleo token is used to access blockspace and computational resources on the network, with users paying tokens to submit transactions and have them processed.