ALEOAleo (ALEO) Price

1.Project introduction

The Aleo Network allows unaffiliated nodes — individual computers, phones, and other devices — to work together to update a ledger. This ledger is used to maintain records: encrypted data owned by end-users, and mappings, public shared data owned by programs.

Aleo uses zero-knowledge technology to help companies and developers build applications that update the ledger without sharing personal data with everyone else on the internet. It provides a way for people to show “proof” that something is true, without revealing any extraneous information more broadly.

2.Investment institution

Series B: Kora*, SoftBank Vision Fund*, Andreessen Horowitz, Tiger Global, Samsung Next, Slow Ventures, Sea Capital

Series A: Andreessen Horowitz*, Coinbase Ventures, Galaxy, Variant Fund, Placeholder, Polychain, Ethereal Ventures, Slow Ventures, Scalar Capital, A.Capital, Dekrypt Capital, ZKValidator, Aluna.Social, Balaji Srinivasan

3.Token application and distribution

Token application:

- Access to the network

- Staking

- Governance

Token distribution:

Initial Distribution:

- Early Backers: 35%

- Public Distribution: 25%

- Company / Foundation: 16%

- Employees & Contributors: 16%

- Strategic Partners: 8%