Aion (AION) is a token used as the fuel to develop new blockchains on the Aion network. It is the primary method users can interact with the Aion network when staking. Developing any application on this network also requires the use Aion tokens as the Aion Virtual Machine is run using the tokens. You can connect an Aion network to another blockchain by staking Aion tokens and building a Bridge Registry Contract. Aion token is based on the Ethereum blockchain. In other words, it is an erc20 token , however, once the Aion network is developed fully, it will be possible to convert these tokens into Aion network tokens and back, but by the end of November, erc20 tokens will not be supported. During the swap, holders will get an equal equivalent of Aion coins as their erc20 tokens
Aion network is a third-generation, multi-tier blockchain system that enables the passing of value and logic among various participating blockchain. The platform was developed to address the issues plaguing the blockchain such as scalability, interoperability and privacy. It is now possible to securely connect blockchains and also have dissimilar networks communicate with each other.
AION token comes with its own Aion Wallet and is listed in a number of exchanges. These exchanges include Binance, Ethfinex, Liqui, Kucoin, Koinex, Bitfinex and Bancor Network among others. It is also supported by other wallets including Exodus, Inifinito and Citowise. You can decide to keep your tokens either in any of your preferred wallets or exchanges.
The project has an able team of scientists and developers with engineers Aayush, Alexandra and Ali leading the pack.