Archway ICO (ARCH) Is Coming Soon. What Does It Offer?
In the ever-evolving landscape of blockchain technology, Archway emerges as a promising Cosmos-native incentivized smart contract chain. With its upcoming ICO sale on June 15, 2023, Archway aims to revolutionize the developer experience. It offers a seamless platform for deploying high-performance dapps and capturing their true value within the network.
Building a Synergistic Ecosystem
Archway operates on a shared revenue model that aligns the incentives of developers and their dapp communities with the overall ecosystem. As developers build and launch impactful dapps, they receive a proportional share of network fees, inflation, and premiums.
This unique approach enables dapps to access recurring value generation and participate in the upside of the underlying protocol, fostering an environment of collaboration and growth.
Technical Advancements for Seamless Development
The team optimized Archway’s technical design in such a way as to provide developers with an intuitive and efficient experience. The company is leveraging a full WebAssembly (Wasm) implementation for cross-language support, as well as a Web3-compatible API and native bridges for cross-chain communication and asset transfers.
As a result, Archway enables developers to create cross-chain dapps that scale. Its native integration of the Inter-Blockchain Communication protocol (IBC) further facilitates seamless connectivity across the Cosmos ecosystem.
Incentives for Developers and Communities
The company ensures that dapps can earn both a percentage of inflation and transaction fees in proportion to their contributions to the network. This earning model, similar to that of validators, incentivizes developers and their communities while granting them a tangible stake in the protocol. Additionally, dapps earn 100% of any premium they add to their smart contracts, further fueling their growth potential.
Flexible Token Management
With Archway, each dapp developer and their community can configure the management and distribution of their tokens. By specifying an “owner” address during contract instantiation, the platform automatically deposits users’ earned tokens into the desired account, be it their own, a multisig, or a custom contract-controlled address. This flexibility allows for efficient token management and ensures secure ownership transfers.
Driving Growth with Gas Fee Rebates
Furthermore, Archway’s protocol splits the collected gas fees between dapp developers and validators. The platform burns 50% of the base gas spent, while the remaining 50% goes to the contract creators as Gas Rebates. This approach effectively drives transaction volumes, fees, and value of the network upward, benefitting both developers and validators.
Simplified User Experience
Recognizing the challenge posed by gas payments, Archway supports gasless transactions through the use of pool accounts. Dapps can pull funds from a common pool to sponsor gas payments, effectively eliminating the burden of gas fees for end users. This innovation ensures a simple, intuitive user experience and encourages higher adoption rates.
What About Archway’s ICO Sale?
The company recently announced that the price of 1 ARCH will be 0.2 USD during the initial coin offering. Moreover, the fundraising goal is to amass $6,000,000 with the sale. The total supply of ARCH tokens is 1,000,000,000, but only 19,5% will be available for purchase at this stage.
As the Archway ICO approaches, developers and blockchain enthusiasts eagerly anticipate the opportunities it presents. Archway’s innovative approach to incentivizing dapps and empowering developers holds immense potential for the future of blockchain technology.
By offering a seamless developer experience, flexible token management, and simplified user transactions, Archway paves the way for a more inclusive and prosperous ecosystem. The Archway ICO is poised to be a significant milestone in the evolution of Cosmos-native incentivized smart contract chains.
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