Proof of Area is the distinctive consensus technique that distinguishes Areon Network, which is a layer 1 blockchain of the future generation.
Areon stands out as a comfortable environment for cryptocurrency users because it offers transactions that are quick, safe, and reliable, and it charges reasonable fees for those transactions.
Areon Foundation is one of the components of the Areon Network. - Hyperswap (a DEX tool) - Areon Chain (compatible with EVM, Layer 1, Proof of Area)
Areon is the first to implement the Proof of Area (POA) protocol. This mechanism is similar to the "Delegated Proof of Stake" method.Â
This layer 1 consensus mechanism process provides holders with an additional advantage in the form of digital land ownership.
What will happen on the 31st of January?
The transactions for $AREA will resume on all exchanges integrated with Areon Chain.
The coins will be a 1:1 substitute for the $AREA tokens that you were holding.
Buying and selling AREA coin will start from January 31, 14:00 UTC. So far, these exchanges announced a successful integration: Bitget, Bitmart, MEXC and XT.com
Key Drivers Behind Areon Network (AREA) Popularity
Areon Network started as a token on Binance Smart Chain.
Featuring a novel consensus method, Areon Chain is a layer1 that is compatible with EVM.
This idea is based on the same principle as a Delegated Proof of Stake, but it adds the value of owning property in our metaverse, Areon City.
Virtual real estate in the metaverse is owned by individuals. Profit from it by building on it, advertising on it, or renting it out. Holding $AREA now has an additional incentive.
What makes Areon Chain superior:
Exceptionally quick, with a completion time of 100 ms or less for transactions
Build to last, scalable, and capable of handling up to 600,000 TPS
Low gas prices and transaction fees
$AREA transactions were closed between Jan 14-31. You can imagine the hype in the market! Chart will likely react to relisting in a positive way. .
Areon has a deflationary economy model. Max Supply is halved with mainnet launch, from 500 M to 250 M. Over 10 years, it will go down to 100 Million AREA coins.
Areonâs roadmap
Areon Network has delivered all items on the road map without fail. Because of this consistent growth, they have been able to cultivate a community of loyal holders.
Areon Network set a goal for listing on four Tier 1 exchanges in the first quarter of 2024!.
