Areon Network (AREA) is a decentralized blockchain project that aims to provide a fast, secure, and user-friendly ecosystem. It features a unique Proof of Area (PoA) consensus mechanism, which combines the cost reduction of Proof of Stake and the transaction security of Proof of Work. The network supports scalable and user-friendly applications, including a digital wallet, NFT marketplace, and a virtual world called Areon City. The native token, AREA, can be used for various purposes, such as developing decentralized applications, monetizing virtual properties, and participating in the network's governance.
Areon Network (AREA) is a decentralized blockchain project that aims to provide a fast, secure, and user-friendly ecosystem for various applications. Here are the key ways in which AREA is used:
NFT Marketplace and Creation- MetAreon: AREA operates an NFT marketplace called MetAreon, where users can buy, sell, and create NFTs. Artists can set royalty rates for ongoing secondary sales, ensuring continuous revenue. The platform supports the Binance Smart Chain, making it accessible to users without extensive blockchain knowledge.
- Proof of Area (PoA): AREA employs the Proof of Area algorithm, which verifies transactions using user nodes. Validators, selected randomly from Areon Land shareholders in Areon City, approve blockchain transactions. Each confirmed transaction node distributes a block reward to all Area Landholders, proportional to their land ownership.
- Areon Wallet: The Areon Wallet offers features such as cryptocurrency swapping, multi-factor authentication, hardware wallet integration, and cross-chain exchange functionality. It also allows users to view NFTs and manage their digital assets securely.
- Areon City: Areon City is a virtual world that serves as the central hub of the Areon ecosystem. It offers various opportunities, including events, shopping, and special functions. Users can participate in these activities and engage with the community.
- dApp Development: The Areon Chain supports the development of decentralized applications (dApps) with low costs and high scalability. This attracts developers to build various apps, including games, on the Areon platform.
- Fast and Low-Cost Transactions: The Areon Chain enables fast payment transactions with competitive gas fees. Users can send and receive payments instantly at low costs, making it a convenient platform for daily transactions.
Overall, AREA is used for a wide range of activities, including NFT creation and trading, transaction verification, digital asset management, community engagement, app development, and fast payment transactions.
To store the crypto Areon Network (AREA) tokens, it is recommended to use a cold wallet, which is a wallet that is totally offline. There are two types of cold wallets:
Paper Wallet: This is formed by generating a public and private key offline and printing them on a piece of paper. The keys are printed in the form of QR codes, which can be scanned for future transactions.
Hardware Cold Wallet: This is a physical device where you can store your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person who possesses the USB drive can access the assets. Hardware cold wallets are preferred by most users, especially for storing large numbers of coins or tokens.
To buy Areon Network (AREA) tokens, follow these steps:
Create an Account: Open an account on a cryptocurrency exchange that supports AREA, such as BitMart, MXC, or KuCoin. Provide necessary information, including your email address and a secure password. Complete any required identity verification steps.
Choose a Funding Method: Select a payment method to purchase AREA. Common options include:
- Credit/Debit Card: Use Visa or Mastercard for a straightforward purchase.
- Bank Deposit: Transfer fiat currency from your bank account to the exchange using SWIFT.
- P2P Trading: Buy AREA directly from other users on the exchange.
- Third-Party Payment: Utilize services like Simplex, Banxa, or Mercuryo.
Buy AREA: Navigate to the "Buy & Sell" section and select AREA as the cryptocurrency you want to buy. Choose your preferred order type:
- Market Order: Purchase AREA at the current market rate.
- Stop Order: Set a specific price to buy or sell AREA.
- Limit Order: Buy or sell AREA at a specified price or better.
- TWAP Order: Break down a large order into smaller segments over a chosen timeframe.
- Transfer to Wallet: Once purchased, you can hold AREA in your exchange account or transfer it to a personal cryptocurrency wallet like Metamask for additional security and trading options.
Remember to research the exchange's reputation, read user reviews, and compare different exchanges to find the most suitable one for you.
