Aigang (AIX) is a blockchain protocol designed to automate the insurance industry through the Internet of Things (IoT).
The project’s creators aim to create a network that diagnoses its operating state and communicates imminent failure combined with crowdsourced information to assess risks.
Today, we will take a deeper look at Aigang and its native AIX token, understand how the protocol works, what purpose AIX serves, its future price prospects, and where to buy them, before determining whether it is a credible cryptocurrency project.
What is Aigang (AIX)?
Aigang is a decentralized insurance protocol that aims to automate the industry by leveraging the Internet of Things (IoT) in such a way that the network can diagnose its operating state, communicate any imminent failure, and use crowdsourced information to assess risks.
Aigang says all insurance claims made through the platform can be verified and paid automatically without the need for an intermediary.
How Does Aigang Work?
As an autonomous insurance system, Aigang leverages data collected by IoT devices. This data is collected from devices like drones, sensors, and cameras connected to the smart grid. The data is then transferred to the crowdsource to be used for insurance calculations.
Aigang’s smart contracts and tokenized systems are then used by people and manufacturers to assess risk and initiate automatic payouts.
The protocol uses the data combined by the crowd, which includes subject specialists and insurance operators, to make predictions and insurance pools.
The network uses these prediction models to assess insurance risk and build algorithms that will price out the premiums and even predict profits.
The AIX token, which is the native asset of Aigang, will be used to incentivize all holders who provide accurate predictions.
This way a network of token holders will created, who reap all the benefits of an efficient automated insurance system.
Smart contracts issued on a decentralized autonomous organization (DAO) will connect intelligent devices to insurance policies.
IoT-powered smart devices can request smart contracts for their maintenance, and insurance payouts will be made automatically. Re-insurance can be used to handle exceptions, and tokens can be automatically sold.
AIX Token Price Prediction: 2024, 2025, and 2030
AIX is the native utility asset for the Aigang network and also the governance token for its DAO.
At the time of writing, the Aigang token is trading at $0.000819 – down 12.47% in the last 24 hours.
In 2024, AIX is expected to trade within a price range of $0.000781 and $0.001642. If the Aigang token reaches the upper price target this year, its value could rise by 81%.
Based on its current price, AIX is predicted to trade within a price range of $0.000781 and $0.001642 even in 2025.
For 2030, Aigang is forecasted to trade within a price range of $0.004605 at the lower end and $0.012464 at the higher end. If the token manages to reach the upper price target, then its value will rise by 1,391%.
Where to Buy Aigang (AIX)?
Aigang token is not listed on any centralized cryptocurrency exchanges. The only way to buy the token is through decentralized exchanges (DEX) by liking your Trust Wallet. Follow the steps to get AIX in your wallet
Is Aigang a Credible Cryptocurrency Project?
Aigang is an innovative blockchain-based insurance protocol that is suited for devices connected to the Internet of Things (IoT).
The platform uses crowdsourced data from IoT devices like drones, sensors, and cameras to analyze their operations and issue insurance when required.
The platform is fully automated and is run by a decentralized autonomous organization and managed through smart contracts.
The Ethereum-based insurance protocol issues smart contracts on which IoT devices can inform their operating state or communicate imminent failure.
Future price prospects for its native AIX token are looking quite gloomy and the coin is not available on major cryptocurrency exchanges as it can only be purchased via decentralized exchanges.
I can say that Aigang will be a pioneer in bringing the insurance industry onto the blockchain. However, the project needs to be watched closely before making any assumptions. For this reason, it is crucial to do your research before investing in the AIX token.
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