Currently, just like half a year ago, there is a lot of information about the Aleo project, but there is no structured content for newcomers to understand the essence of what the project is about. That is why I have decided to create a detailed article for all those who are interested in Aleo. I hope you enjoy reading it!
What is Aleo?
Aleo is a blockchain that uses zero-knowledge proof (zk) technology. This technology allows for a high level of confidentiality when working with the network, specifically by not revealing the sender's wallet and the transaction amount.
The main feature of Aleo is that it supports smart contracts, and as a result, the ability to create dApps on it. To facilitate this, a proprietary application development language called Leo and a development environment called Aleo Studio have been developed.
What is the funding behind this idea and who was the investor?
At the venture round, the project raised $28m from funds such as a16z, Coinbase Ventures, Polychain, Slow Ventures, etc. Recently, the project raised $200M in a Series B round to expand its privacy-by-default blockchain platform, with contributions from well-known funds such as Kora Management LP and SoftBank Vision Fund 2, with participation from Tiger Global, Sea Capital, Samsung Next, Slow Ventures, and Andreessen Horowitz (a16z).
As a result, the company was valued at $1.45 billion.
Following the first $28 million funding round led by a16z in April 2021, Aleo's Series B is the largest fundraising round in the history of the zero-knowledge industry. These are very large figures for any project, indicating the strong support and belief of top Silicon Valley funds in the project.
Investments allow for development, and the amount of investment determines the quality of development and ecosystem growth. As you can see, the project is well-positioned with this funding, and with such strong support, they are sure to achieve their goals without any issues.
Economy In terms of tokenomics, everything looks good. Overall, 1 billion coins out of 2 billion are pre-mined, and the second billion will be mined by users. The coin supply is scheduled for 15 years, indicating the project's seriousness and longevity in the market.
Ambassador Program
An ambassador is a person who represents a brand in a positive light. What does the project gain from this? Firstly, it's a marketing story, which from this point on spreads awareness of the project, namely recognition. Secondly, the project needs to build a strong community, and the easiest and best way to do this is with the community that has information and a full understanding of the project and shares it with other participants.
So, we've figured this out a bit, now let's move on to the ambassador program and how it works in the Aleo project.
There have already been three waves of ambassador recruitment, with 20 to 40 volunteers in each. Recruitment takes place about once every three months, but there may be delays, and they select those who have content related to the project, so it's important to participate in development before the start of the recruitment. I was fortunate enough to become an ambassador and support a project that I really like.
I have developed a small plan for newcomers who want to become ambassadors, namely the Apprentice (the lowest rank of an ambassador):
Following the project's main social media accounts (Twitter and Discord).
Learning more about the project by reading articles and watching videos created by Aleo ambassadors.
Engaging in conversations in the project's text channels and participating in various events (such as AMA sessions).
Now that you have a good understanding of the project, you can start spreading the word about it by creating diverse and high-quality content such as articles, videos, websites, intros, and more."
I recommend spending at least a few hours and a couple of weeks on the first three steps to attend various events. After following this plan, you will have a complete picture of Aleo.
My Advise! Develop a content plan and release your work systematically. For example, if you commit to producing work twice a week, then create a plan for the upcoming week such as "(13.04.2023) - publish an article about an ambassador from Ukrainian society, (20.04.2023) - release a video about the project's economy."
Twitter Discord :
Aria Siren#2826