ArcadierX 101: Differences between ARCX and ARCTX?22 Feb 2019
A commonly asked question from our community is ArcadierX’s dual token structure.
What exactly are ARCX and ARCTX and what roles do they play in ArcadierX’s ecosystem? Find out now!
Introducing ARCX and ARCTX
ARCX multi-purpose utility token for seamless value exchange
The ERC-20 ARCX token will primarily support the utilitarian service requests made within the Arcadier ecosystem so users can access and benefit from the functionalities of Arcadier Hub, Arcadier Trust and our blockchain enhancing solutions.
It will also serve as an incentive or reward for contributing content, sharing information, referral sellers or customers, redeeming tokens during consumer purchases, and exchanging services. ARCX tokens also present users with voting rights to upvote their preferences during feature prioritisation and bug fixes. This will enable participants to seamlessly access ArcadierX’s blockchain capabilities and exchange value within the ecosystem without having to rely on credit card networks or traditional payment gateways.
As the platform evolves over time and adjusts to user’s behavior, Arcadier will continue to refine and add more applications for the ARCX tokens. For instance, one of the considerations is the use of token staking as an alternative payment to fiat payments for Arcadier’s monthly marketplace SaaS subscriptions.
ARCTX stable token for efficient transactions
ARCTX aims to solve the challenge of price volatility in the cryptocurrencies market. ARCTX will be used as a digital currency to fuel purchase transactions on Arcadier marketplaces, and will be tradable from wallet-to-wallet.
This will enable a faster, safer and more efficient transaction processing across the world’s economy, providing immense transparency and accountability to the flow of funds. The ARCTX token will be an added transactional cryptopayment to fiat money, therefore expanding payment options for Arcadier marketplace buyers and sellers.
Each ARCTX will be pegged 1:1 to the U.S. dollar, with assets backed and reserves held by a state-chartered trust company.
Frequently asked questions on ARCX and ARCTX
Why the need for a dual token structure?
Arcadier recognises that for our decentralised marketplace platform to function properly, we have to balance the needs of our investors and users in the token design. A dual token structure is therefore proposed.
The ARCX token will primarily support the utilitarian service requests made within the Arcadier ecosystem, while the ARCTX token, designed for price stability, will be a practical medium of exchange for transactions occurring on Arcadier marketplace platform.
Which token will be issued for the on-going ICO?
For the purpose of ICO, only ARCX tokens will be issued for both private and public token sale.
ARCTX tokens will be launched when the foundational blockchain-based solutions are operational and the full hard cap has been achieved.
How can users earn and spend ARCX?
As a multi-purpose utility token integral to ArcadierX’s ecosystem, users could earn and spend ARCX tokens in multiple ways as shown, but not limited to the following:
Have more questions? Reach out to us on Telegram at https://t.me/ArcadierX or check out ArcadierX’s Whitepaper for more insights on ArcadierX’s tokenomics and business structure.
Participate in ArcadierX Reverse ICO
ArcadierX Reverse ICO has commenced — the on-going pre-sale offering 30% bonus will end when all tokens allocated for pre-sale 1 have been fully subscribed.
Click here to join the pre-sale.
Follow ArcadierX on our official channels for the latest updates
· Reddit — https://www.reddit.com/r/ArcadierX/
· Bitcointalk — https://bitcointalk.org/index.php?topic=5077737.0
· Website: arcadierx.io
· Email: firstname.lastname@example.org
ArcadierX is a project designed and developed by world leading marketplace SaaS (Software-as-a-Service) provider, Arcadier to deploy and integrate blockchain and advanced technological enhancements onto Arcadier’s existing marketplace platform in a phased approach.
These new capabilities aim to develop Arcadier into a fully integrated intelligent eCommerce ecosystem comprising of core blockchain characteristics focusing on aspects such as inventory distribution (Arcadier Hub), reputation trust (Arcadier Trust), payments traceability (ARCTX), provenance assurance, trade financing and data analytics.
JOIN OUR NEWSLETTER
Receive updates on the ArcadierX project
You might also like:
Happy Chinese New Year from ArcadierX! 新年快乐!
Happy Chinese New Year from the ArcadierX team! We would like to send everyone our warmest...04 Feb 2019
Arcadier Announces Partnership with Blue Whale Foundation
Digital marketplaces have revolutionised small businesses and self-employment prospects. H...05 Nov 2018