Announcing the Archway Community Sale on CoinList
We’re excited to announce that registration for the Archway Community Sale is now open.
Archway is a Cosmos-native Layer 1 blockchain that allows developers to capture the value they bring to the network through novel, developer-centric economics.
The sale begins on June 15, 2023 at 17:00 UTC and has 1 public option:
- Supply: 30,000,000 ARCH tokens
- Price: $0.20 per token
- Lockup & release: 40-day lockup period with 25% unlocked at distribution, with remaining 75% following an 8-month linear vesting schedule
Register by June 12, 2023 at 12:00 UTC
By enabling developers to earn revenue based on the transaction volume they create on the network, Archway is fostering an ecosystem that puts developers first. Archway's thesis is that developers create substantial value for underlying Layer 1 blockchains, and they should be able to capture a portion of that value directly. With Archway, developers earn revenue based on the transaction volume they bring to the network. Archway is the only Layer 1 network that is truly developer-centric, and seeks to become the go-to chain for developers to start building and launch their first dApp.
The protocol provides developers a variety of tools to quickly build and deploy scalable dApps, and start benefiting from their usage immediately. Archway’s overarching goal is to cultivate an array of diverse and self-sustaining applications by providing developers a way to grow alongside the protocol.
- Novel, developer-centric tokenomics - From smart contract premiums to developer-allocated inflationary staking rewards and gas rebates, the Archway Network ensures dApp builders are rewarded their fair share of protocol revenues. In contrast, existing Layer 1 protocols today allocate virtually the entirety of their generated value (e.g., gas fees, rewards) to validators who secure the protocol, leaving developers launching decentralized products with a difficult road to rapidly capture value despite initial traction they may receive. Building on Archway allows entrepreneurs and developers to receive an actual stake in the growth and governance of the protocol itself without needing to navigate the complexity of launching a standalone app-chain from the get-go.
- A vibrant, growing ecosystem - In a world with an ever-increasing number of new L1 networks, attracting developer activity may be challenging for a newly-launching protocol. As the only developer-centric L1 chain, Archway has already seen rapid growth and adoption even prior to mainnet launch, with over 400,000+ monthly testnet contract executions (as of April 2023). In addition, more than 100 dApps and tooling solutions have already committed to building on and/or integrating with the Archway Network at mainnet launch, with use cases ranging from liquid staking protocols, NFT marketplaces, DEXes, and more.
- ARCH as the native utility token - ARCH token holders will play a critical role in the security, direction, and function of the Archway network. ARCH will be used to support the network’s proof-of-stake consensus, and can be staked with validators to ensure decentralization and security. Additionally, ARCH will be used to enable participation in governance, pay transaction fees, and reward developers for the transaction volume they generate on the network.
Legal Disclaimer
Not available for residents of the United States, China, Canada, South Korea, and certain other jurisdictions.
This post is being distributed by Prestige Worldwide FFSG Ltd., dba “CoinList,” or one of its affiliates. Use of the CoinList website is subject to certain disclosures, restrictions and risks available here.
Nothing in this post shall constitute or be construed as an offering of securities or as investment advice, tax advice or investment recommendations (i.e., recommendations as to whether to enter or not to enter into any transaction involving any specific interest or interests) by CoinList or any of its affiliates.