After a long time in hiding, Coinlist has a spectacular comeback after selling 3 consecutive crypto projects.
Archway Overview (ARCH)
Archway is a layer1 blockchain derived from Cosmo that allows developers to easily deploy high-performance dapps. On many different categories such as: NFT, DeFi, DAO, games, ReFi, bridge, wallet, oracle…
There are already over 100 dApps and tool solutions committed to building on Archway after the protocol went live. With over 400,000 contract executions in April alone, the Archway testnet showcases a vibrant and growing ecosystem.
Currently, Archway is promoting an ecosystem that prioritizes developers by allowing developers to earn revenue based on the volume of transactions they generate on the network.
Archway’s overall goal is to develop a diverse and self-sustaining range of applications.
ARCH tokenomics
The Archway protocol aims to differentiate itself by focusing on creating an economically sustainable token.
Token usecase
ARCH serves four core functions in the protocol:
Security: ARCH is used to support the PoS mechanism and provide economic security for the network.
Governance: ARCH facilitates protocol governance. Token holders can submit governance proposals and participate in on-chain voting. Only staked ARCH tokens can participate in voting.
Transaction Fees: As a spam prevention mechanism, ARCH is used to pay transaction fees on the Archway network. Fees are proportional to the amount of computation required by the transaction, similar to Ethereum’s concept of “gas”.
Developer Revenue: Application developers earn a portion of the protocol’s revenue, generated from inflation, transaction fees, and smart contract premiums. This revenue is distributed to developers in the form of ARCH tokens.
Token Distribution
Archway token sale (ARCH) information
Token sale opening time: 00:00 on 15/06/2023
Registration deadline: 17:00 on 12/06/2023.
Price & Lockup Terms: 0.2 USD/ARCH (lock for 40 days, then pay in installments over 8 months)
Total Diluted Market Capitalization: $200,000,000
Number of tokens sold in this round: 30,000,000 ARCH (3% of total supply)
Minimum purchase amount: $100
Maximum purchase amount: $1,000
Payment method: USDC, USDT
Note: Citizens of the US, Canada, China, Korea, Democratic Republic of Congo, Iraq and certain other regions will not be able to participate in this token sale.
Instructions To Join To Buy ARCH Tokens
A fully KYC account on Coinlist. On a network, only 1 account can be logged in, multiple accounts logging in on 1 network will cause the accounts to be banned.
If you already have an account, click “Log in”. If not, click “Sign up” and perform the KYC process quickly.
Step 1: Visit the registration link https://sales.coinlist.co/archway and select Register Now.
Step 2: Select “Get Started” to start registering, then click Continue.
Step 3: In the Residence section, select the country where you are living and tick the box to confirm that the above information is correct, click “Continue”.
Step 4: You complete the questions in the Quiz. Then select Continue.
Step 5: Connect the wallet and join the queue.
In this step, Coinlist asks the user to connect his ETH wallet address to track the on-chain behavior that the user performs. Connecting this wallet is optional, but you may be selected to participate in the Priority Queue.
*Priority Queue: Priority queue is an invite-only queue to participate in the token sale with significantly more numbers than the main token sale queue (at the low thousands vs. on recent token sales) and run parallel to the main queue. Although Priority Queue invitees have a higher chance of receiving an allocation, allocation is not guaranteed.
Step 6: Payment
If at step 5 everyone receives the purchase rate, they will be redirected to the page to commit to the purchase amount and have 7 days from June 15 to the end of June 22 to load into Coinlist the amount they have committed.
Conclude
After registration is complete, you just need to wait for the sale date. The ability to buy is random, the lucky one will get it soon. You should join the queue as soon as possible to increase the success rate of the purchase because the site may put you in the queue if the number of visitors at the same time is overloaded.