AENS is an Ethereum based utility token created under the ERC223 standard. The premise of AENS is to be the “exclusive membership” token and medium of exchange fueling certain activities within Aenco’s AEN Connect (“AENC”) product suite and ecosystem. AENC is an evolving online digital asset fulfillment platform designed to facilitate different services including, but not limited to: AENX digital asset exchange and non-custodial trading, digital asset wallet and management tools, staking and node services, decentralized social media, and tokenized marketplaces.