Home / Crypto Currency / Safer Skies Are a Worthwhile Investment

Safer Skies Are a Worthwhile Investment


Advertisement

Join our community of 10 000 traders on Hacked.com for just $39 per month.

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

Flight safety in the aviation industry is of critical importance. In the first three months of 2018 alone, 200 people have lost their lives in air accidents in Iran, Russia, Nepal and Turkey. These accidents though are only of larger airplanes with weight over 5700 kg. Unfortunately, there have been many more accidents in private aviation as well. Improving flight safety and making sure that pilots are certified properly and have been trained well is thus of vital importance.

The Aeron project which is based on blockchain technology would address multiple facets of aviation safety. Whether it is flight logging, maintenance or fraud detection, Aeron is working with flight operators, aviation schools, airlines and service companies to make the skies safer.

Aeron Takes Wings

In October 2017, Aeron successfully completed its token sale and since then Aeron (ARN) tokens has been listed on multiple cryptocurrency exchanges. These include some of the biggest names in the industry like Binance, Bit-Z, Coinrail, KuCoin, TIDEX, HitBTC etc, and this enabled perfect liquidity for the ARN utility token. The listing fulfils one of the major promises that the project had made to the investors during the crowd sale. What is even more impressive is that the project has been able to fulfil all major milestones on its published roadmap. Aeron has already released Google and Apple versions of its app for pilot flight logging complete with blockchain recording.

Aeron (ARN) token’s potential use cases

ARN is not simply a token that was useful for fundraising, but it also facilitates the entire aviation ecosystem around it. On the http://aerotrips.com portal this ecosystem can be seen in action. Customers can search for and book flights on private planes (air taxi), locate flight schools and organise travel tours all in one place facilitated by the ARN token. Flight training, which is crucial to aviation safety has been given due importance and flight school offers have been curated carefully on the portal. The unified ecosystem, once fully launched, should allow for pilots to rent planes and find flight schools, for airlines to check on credentials and for maintenance companies to order spare parts. What is perhaps understated but equally important is that the whole aviation industry is being made more accessible to the public through ARN. It is possible now to hire a reasonably economical aircraft and experience the joy of a sightseeing flight for public. All this with a convenient interface and in exchange to some Aeron tokens.

The reliability of a project and its ability to meet the stated targets should be an important factor in picking up a token. Aeron (ARN) has been showcasing its ability to do that until now with great diligence. The token has been well received by investors but as the token total supply is low and the token is available on major exchanges e.g. Binance, traders too can be attracted by price movements inherent in low supply tokens. At the moment of writing of this article, the circulating supply of ARN tokens was 13 million according to CoinMarketCap.com. As the project makes important headways the token’s utility is likely to increase as well. It is heartening to see though that great progress is being made on other fronts as well. Recently, Phillip McMaster, an advisor to Aeron and its Brand Ambassador met with the Nepalese Minister for Civil Aviation His Excellency Rabindra Adhikari to promote acceptance of Aeron’s solution. The project’s twitter post on that promises that great news are coming. Hopefully, we will be able to have safer skies and the coming years will see a great decline in fatalities related to air accidents, especially in private aviation. This alone makes Aeron a worthy choice.

Follow us on Telegram.
Advertisement
Read more

Check Also

Amun’s Crypto ETP Volume Spikes: Sign Of Bitcoin Accumulation?

Just weeks ago, as Bitcoin (BTC) walked the fine line between a breakout and lower lows, Amun, a London-based fintech firm, suddenly divulged that it was slated to launch its “HODL5″ exchange-traded product (ETP) on Switzerland’s SIX exchange. Amun’s announcement instantaneously garnered attention from the bulk of the cryptosphere’s eyes and ears, with everyone and their mother discussing the”game-changing” vehicle, which put a spotlight on BTC, Ethereum (ETH), and XRP. Speaking with Financial Times regarding the product, Amun CEO and co-founder Hany Rashwan explained that the ETP would be an enticing offering for both institutional players and retail traders alike, as it would provide secure and regulatory-compliant exposure to cryptocurrencies. And with that in mind, HODL5 became the rallying cry for crypto’s bulls blinded by “hopium,” who stated that the SIX-listed instrument could catalyze a jaw-dropping reversal. Yet, upon its launch, the performance of Amun’s crypto foray was lackluster at best, dismal at worst. Interest In Switzerland Multi-Crypto ETP Surges As reported by NewsBTC, HODL5, while the most-traded ETP on SIX, saw little-to-zero interest during its first day on public markets, posting an insignificant $400,000 in volume. Such a figure was, of course, a far cry from the millions in volume that optimists were clamoring for. Many chalked up the fleeting interest to a number of factors, namely the fact that SIX has only been classified as Earth’s 13th largest stock exchange, posting a market capitalization of $1.6 trillion, a mere seven percent of the S&P 500. Industry analysts and commentators looking to find a rationale behind the lack of volume aimed their scopes at other nuances. Some attributed the HODL5’s initially scant volume to Amun’s inability to captivate the business and wallets of SIX’s institutional clients, the vehicle’s targeted constituency. Moreover, these skeptics added that such market participants didn’t believe that the crypto market was poised to reverse its multi-month downtrend. However, with a recent tweet from Su Zhu, the chief executive and investment officer at Singapore-based Three Arrows Capital, Amun’s fortunes may actually be turning for the better, despite the further decline in the Bitcoin price. On Thursday and Friday of last week, as BTC freefell to establish a year-to-date low in the $3,200 range, Switzerland’s only ETP surprisingly saw record-breaking volumes, which followed weeks of relative inactivity and mundane action. In fact, Thursday saw traders exchange 53,233 HODL5 shares, and 62,986 on the following day, which amounts to approximately $1.3 million at current prices. This, of course, was a far cry from the 27,244 shares traded throughout the product’s inaugural session. Last Thurs and Fri we broke volume records again on the Swiss HODL ETF with 53,233 shares and 62,986 shares traded respectively. That coincided with the dip in BTC to 3.2k and ETH to near 80. The correlation between volume and price continues to be very strong at (-68%). https://t.co/Meuaa9MXCV — Su Zhu (@zhusu) December 11, 2018 In a subsequent tweet, the crypto-friendly Three Arrows Capital executive explained that there is a “very strong” correlation between volume in price, whereas HODL5 trading surges amid crypto’s incessant stream of strong drawdowns. Case in point, when ETH neared $80 and BTC neared $3,200 on December 7th, SIX processed record volumes as aforementioned. Drawing conclusions from this simple fact, Zhu, a bonafide crypto commentator growing in popularity, noted that “[ETP] buyers have firm levels in mind.” Bitcoin Revisits Year-To-Date Low At $3,200 — Potential Level Of Accumulation Just a week after HODL5 experienced its best day yet, BTC, after another bout of tumult and unpredictable price action, has found itself nearing $3,200 yet again. In fact, at the time of writing, the leading cryptocurrency trades for $3,250 a pop on Coinbase Pro, the essential benchmark of crypto exchanges. If Zhu’s analysis is accurate, and assuming that HODL5’s buyers are representative of the entire trading demographic, Bitcoin could potentially find a semblance of support at current values, as investors seek to cash-in on the crypto craze for the long haul. Other reports indicate have confirmed that investors, are, in fact, scaling into cryptocurrency holdings en-masse. Extensive research recently completed by Diar, a leading crypto-centric data analytics unit, has revealed that the amount of ETH that Ethereum’s top 500 wallets have held has risen by 80% in 2018 alone. To put this growth into perspective, on January 1st, whales kept 11 million Ether under lock and key, as of November 30th, the same group of wallets held 20 million. Although conclusions cannot be drawn from this statistic, optimists have exclaimed that whales are heavily betting on a market turnaround. Still, not all pundits are entirely convinced that this nascent market has found itself at a long-term bottom. Michael Bucella of BlockTower Capital recently told CNBC’s Fast Money panel that Bitcoin has yet to undergo its last leg lower, which will mark the end of crypto’s near-year-long “distress cycle.” Related Reading: Interview: Stephen Innes Says Crypto, Bitcoin to “Grind Higher” Over Next Decade Featured Image From Shutterstock The post Amun’s Crypto ETP Volume Spikes: Sign Of Bitcoin Accumulation? appeared first on NewsBTC.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.