Frequently Asked Questions

AERE Network uses an Enhanced Proof of Stake (EPoS) consensus mechanism. This innovative mechanism ensures:

• Fast finality (approximately 2 seconds)
• High throughput (up to 2,000 transactions per second)
• Energy efficiency compared to Proof of Work systems
• Strong security guarantees through validator staking and slashing conditions

The EPoS system also incorporates advanced validator selection algorithms to prevent centralization and ensure network health.

AERE Network achieves high transaction throughput through a combination of technical innovations:

1. Sharding Architecture: The network is divided into multiple shards that process transactions in parallel, significantly increasing overall capacity.
2. Optimized Block Production: Fast block times and efficient block propagation reduce latency.
3. Enhanced Networking Layer: Improved peer-to-peer communication protocols minimize transaction relay times.
4. Efficient State Management: Optimized data structures reduce computational overhead during transaction validation.
5. Layer 2 Solutions: Support for various Layer 2 scaling solutions further enhances throughput for specific use cases.

The Chain ID for AERE Network is 2800. You'll need to use this Chain ID when configuring your wallet or development environment to connect to the AERE Network blockchain.

Yes, AERE Network is fully compatible with Ethereum smart contracts through its EVM (Ethereum Virtual Machine) compatibility layer. This means:

• Existing Ethereum smart contracts can be deployed on AERE Network with minimal or no modifications
• Developers can use familiar tools like Hardhat, Truffle, Remix, and Solidity
• Web3.js and Ethers.js libraries work seamlessly with AERE Network
• NFT standards (ERC-721, ERC-1155) and token standards (ERC-20) are fully supported

This compatibility enables developers to easily migrate their DApps from Ethereum to AERE Network to take advantage of lower fees and higher throughput while maintaining the same development experience.

AERE Network implements multiple layers of security measures:

1. Economic Security: Validators must stake AERE tokens, creating economic disincentives for malicious behavior
2. Slashing Conditions: Validators who act maliciously or fail to perform their duties are penalized through token slashing
3. Decentralized Validation: The network maintains a diverse set of validators across different geographic regions and entities
4. Secure Random Number Generation: Verifiable random functions provide unpredictable but verifiable randomness
5. Regular Security Audits: Core protocol and smart contracts undergo independent security audits
6. Bug Bounty Program: Encourages responsible disclosure of security vulnerabilities
7. Rigorous Testing: Comprehensive testing across various scenarios and attack vectors

AERE Network has a maximum supply cap of 2.1 billion AERE tokens. Of this total, 100 million tokens (approximately 4.76% of the total supply) were pre-mined for marketing, advertising, and research purposes. The remaining tokens will be released through mining activities over time.

The deflationary mechanism means that the circulating supply will consistently decrease over time through token burns, potentially leading to supply scarcity in the long term.

AERE Network implements several deflationary mechanisms to reduce the token supply over time:

1. Transaction Fee Burns: A portion of transaction fees is permanently burned, removing those tokens from circulation
2. Mining Halvings: Similar to Bitcoin, AERE implements halving events where mining rewards are reduced by half at predetermined intervals
3. Strategic Burns: The AERE Foundation may implement strategic token burns based on network milestones and governance decisions
4. Deflationary Protocol Features: Certain protocol features like validator penalties contribute to token burns

These mechanisms work together to create a deflationary pressure on the token supply, which can help maintain long-term value if demand remains constant or increases.

AERE tokens serve several key functions within the AERE Network ecosystem:

• Transaction Fees: AERE is used to pay for transaction fees on the network
• Staking: Tokens can be staked to secure the network and earn staking rewards
• Governance: Token holders can participate in DAO governance by voting on protocol changes and network upgrades
• Mining Subscriptions: AERE tokens are used to pay for mining subscription packages
• DEX Liquidity: Tokens can be provided as liquidity on the AERE DEX to earn fees and rewards
• Platform Services: Various premium features and services within the ecosystem require AERE tokens

This multi-faceted utility creates ongoing demand for AERE tokens within the ecosystem.

The 100 million pre-mined AERE tokens are allocated for specific purposes to support the network's growth and sustainability:

• Marketing and Promotion (40%): Used for raising awareness about AERE Network through various marketing channels
• Research and Development (25%): Allocated for ongoing protocol improvements and new feature development
• Ecosystem Growth (20%): Dedicated to supporting projects and applications built on AERE Network
• Strategic Partnerships (10%): Reserved for establishing key partnerships with other projects and enterprises
• AERE Foundation Reserve (5%): Held as a reserve for unforeseen expenses and long-term sustainability

The AERE Foundation oversees these allocations with transparent reporting on fund usage.

AERE tokens can be acquired through multiple channels:

1. AERE DEX: The native decentralized exchange where you can swap other cryptocurrencies for AERE
2. Partner Exchanges: AERE is listed on select partner exchanges (both centralized and decentralized)
3. Mining: Participate in AERE mining through subscription packages to earn AERE tokens
4. Staking Rewards: Stake your tokens to earn additional AERE through staking rewards
5. Liquidity Provision: Provide liquidity to AERE trading pairs to earn fees and incentive rewards

Always ensure you're using official and trusted platforms when acquiring AERE tokens to avoid scams or fraudulent offerings.

Mining on AERE Network operates through a subscription-based model rather than traditional hardware mining. Here's how it works:

1. Users purchase a mining subscription package (AireOne, AireCore, AireFlow, AireX, or AireNet)
2. Each package provides a specific hash power allocation to the subscriber
3. The AERE Mining Bot automatically mines blocks based on the subscriber's hash power
4. Mining rewards are distributed to subscribers proportional to their hash power contribution
5. Block rewards follow a halving schedule similar to Bitcoin, decreasing over time

This approach eliminates the need for expensive hardware, technical expertise, and high energy consumption associated with traditional mining.

AERE Network offers five mining subscription packages, each providing different levels of hash power:

Higher-tier packages offer better value in terms of hash power per dollar spent, making them more efficient for serious miners.

The current block reward is 1.25 AERE tokens per block. The actual mining rewards you receive depend on:

• Your subscription package (hash power allocation)
• The total network hash rate (your percentage of the total)
• Current block reward value
• Mining difficulty adjustments

The Mining Bot dashboard provides real-time statistics on your mining performance, including blocks mined, rewards earned, and estimated future earnings based on current network conditions.

Mining rewards are distributed automatically as blocks are mined. The distribution process works as follows:

1. The Mining Bot mines blocks continuously based on your hash power allocation
2. Each successfully mined block generates the current block reward (1.25 AERE)
3. Rewards are immediately credited to your account balance
4. You can view your accumulated rewards in the Mining Dashboard
5. Rewards can be withdrawn to your wallet at any time with no minimum threshold

This real-time distribution system provides immediate feedback on mining performance and allows for flexible reward management.

The profitability of mining on AERE Network depends on several factors:

• Subscription Cost: The monthly cost of your chosen mining package
• Token Price: The current market value of AERE tokens
• Network Difficulty: As more miners join, the relative share of rewards decreases
• Halving Events: Periodic reductions in block rewards affect long-term profitability

To calculate potential profitability:

1. Estimate monthly AERE production based on your hash power
2. Multiply by current token price to get revenue in USD
3. Subtract subscription cost to determine profit

The Mining Dashboard includes a profitability calculator that helps estimate returns based on current network conditions and token prices.

Staking on AERE Network allows token holders to participate in network security and earn rewards. The staking process works as follows:

1. Delegate or Validate: You can either become a validator (running a node) or delegate your tokens to existing validators
2. Lock Period: Staked tokens are locked for a minimum period (typically 7 days)
3. Reward Generation: Validators and delegators earn rewards for participating in consensus
4. Reward Distribution: Rewards are distributed proportionally based on stake amount
5. Unstaking: When you decide to unstake, tokens enter a cooldown period before becoming available

The staking APR (Annual Percentage Rate) varies based on the total amount of tokens staked on the network and other parameters set by governance.

To become a validator on AERE Network, you need to meet several requirements:

• Minimum Stake: A minimum self-stake of 100,000 AERE tokens
• Technical Requirements:
  • A server with at least 8 CPU cores, 16GB RAM, and 1TB SSD storage
  • High-bandwidth internet connection (100+ Mbps)
  • 99.9% uptime capability
• Security Measures: Implementing proper security protocols for key management
• Registration: Completing the validator registration process through the staking portal
• Community Standing: Maintaining good reputation and participation in governance

Validators are subject to slashing penalties for misconduct or extended downtime, which can result in the loss of staked tokens.

The staking APR (Annual Percentage Rate) on AERE Network varies based on several factors:

• The total number of tokens staked on the network
• Transaction volume and fee generation
• Current network parameters set by governance

Currently, the network targets a staking APR in the range of 8-12% annually, though this can fluctuate based on the factors above. The Staking Dashboard provides real-time information on current APR rates, allowing you to make informed decisions.

Participating in AERE DAO governance allows token holders to influence the network's future direction. Here's how to get involved:

1. Holding AERE Tokens: You need to hold AERE tokens to participate in governance
2. Staking for Voting Power: Staking your tokens provides proportional voting power
3. Proposal Review: Review active proposals on the Governance Portal
4. Voting: Cast your votes for or against proposals based on your assessment
5. Proposal Submission: Users with sufficient tokens can submit new governance proposals

The minimum threshold for submitting a proposal is currently 50,000 AERE tokens, though this parameter can be changed through governance itself.

Governance decisions cover various aspects of the network, including:

• Protocol upgrades and technical parameters
• Treasury fund allocation
• Ecosystem development initiatives
• Fee structures and reward distributions

While staking provides rewards, it's important to understand the associated risks:

• Lockup Period: Staked tokens are locked and cannot be transferred or sold during the staking period
• Slashing Risk: If you delegate to a validator who misbehaves, a portion of your delegated stake may be slashed
• Unstaking Delay: When unstaking, tokens are subject to a cooldown period before becoming available
• Validator Performance: Rewards depend on validator uptime and performance
• Market Risk: The value of AERE tokens may fluctuate during the staking period
• Smart Contract Risk: While thoroughly audited, staking contracts could theoretically contain vulnerabilities

To mitigate these risks, consider delegating to multiple validators, researching validator track records, and only staking tokens you don't need immediate access to.

Deploying a smart contract on AERE Network follows a similar process to deploying on Ethereum, leveraging the network's EVM compatibility:

1. Development: Write your smart contract using Solidity or another EVM-compatible language
2. Testing: Test your contract thoroughly in a local development environment
3. Configuration: Configure your development framework (Hardhat, Truffle, etc.) to connect to AERE Network:

// Hardhat configuration example
module.exports = {
  networks: {
    aere: {
      url: "https://rpc.aere.network",
      chainId: 2800,
      accounts: [process.env.PRIVATE_KEY]
    }
  }
};

4. Deployment: Deploy your contract to AERE Network using your preferred development framework:

// Deployment command example
npx hardhat run scripts/deploy.js --network aere

5. Verification: Verify your contract source code on the AERE Network Explorer for transparency

For more detailed instructions and best practices, refer to the Developer Documentation.

AERE Network provides a comprehensive suite of developer tools and resources:

• SDKs and Libraries:
  • Web3.js and Ethers.js compatibility
  • AERE-specific JavaScript SDK for enhanced functionality
  • Mobile SDKs for iOS and Android development
• Development Frameworks:
  • Hardhat configuration profiles
  • Truffle templates
  • Foundry support
• Testing and Deployment:
  • Local development network for testing
  • Testnet with faucet for pre-production testing
  • CI/CD integration guides
• Documentation:
  • Comprehensive developer guides
  • API references
  • Smart contract templates and examples
• Community Resources:
  • Developer forum for questions and discussions
  • Code repositories with open-source examples
  • Regular developer calls and workshops

Visit the Developer Portal to access these resources and get started building on AERE Network.

Yes, AERE Network offers grants to support developers and projects building on the platform. The AERE Ecosystem Grants Program includes:

• Developer Grants: Funding for individual developers or small teams working on core infrastructure or tools
• Application Grants: Support for DApps and applications that enhance the AERE ecosystem
• Research Grants: Funding for technical research that could benefit the network
• Community Grants: Support for education, outreach, and community building initiatives

Grant amounts typically range from $5,000 to $50,000 depending on the project scope, team experience, and potential impact on the ecosystem.

To apply for a grant, visit the Grants Portal and submit your proposal with a detailed project plan, team background, and expected outcomes.

AERE Network maintains significantly lower gas fees compared to Ethereum and many other EVM-compatible chains. Typical transaction costs include:

• Simple Transfer: $0.001 - $0.003
• Token Swap: $0.005 - $0.01
• Smart Contract Deployment: $0.05 - $0.20 (depending on contract complexity)
• NFT Minting: $0.01 - $0.03

The gas price is denominated in gwei (1 gwei = 0.000000001 AERE) and fluctuates based on network congestion. The network targets an average gas price of 0.77 gwei under normal conditions.

For development purposes, it's recommended to use the gas estimation functions provided by Web3.js or Ethers.js to calculate the appropriate gas values for your transactions.

You can obtain AERE testnet tokens (tAERE) for development and testing purposes through several methods:

1. Testnet Faucet: Visit the AERE Testnet Faucet to request tokens by providing your wallet address
2. Developer Portal: Registered developers can request larger allocations through the Developer Portal
3. Community Channels: Join the developer community channels where testnet tokens are occasionally distributed

The testnet faucet typically provides 100 tAERE per request with a cooldown period of 24 hours between requests. For projects requiring larger amounts, please contact the developer relations team through the Developer Portal.