What is Archway? Archway is a blockchain platform built on the Cosmos SDK toolkit for the Social, DeFi & NFT markets. Archway has successfully called for many reputable investment funds such as CoinFund & Hashed. So how does Archway attract so many reputable investment funds? Let’s find out together in this article.
Besides, to better understand this article, people should refer to some of the articles below:
- What is Osmosis (OSMO)? Osmosis Cryptocurrency Overview
- What is Persistence (XPRT)? Persistence Cryptocurrency Overview
- What is Stride (STRD)? Stride Cryptocurrency Overview
What is Archway?
Overview of Archway
Archway is a blockchain platform built on the Cosmos SDK toolkit provided by Tendermint specializing in pieces such as Socia, DeFi and NFT similar to many blockchains in the other Cosmos ecosystem such as Osmosis, Stride, Persistence, etc. .but different in development goals.
Cosmos SDK provides Archway with a number of favorable conditions that help the blockchain platform save time and costs such as:
- Minting: Responsible for minting tokens and managing token inflation.
- CosmWasm: Environment for smart contracts to execute.
- Staking: Manage tasks around validator.
- Governance: Supports the network in governance and voting.
- IBC: Cross-chain protocol helps blockchains interact with each other easily.
In addition to being built on the Cosmos SDK tool, Archway also uses 2 additional custom modules to increase network features such as:
- Rewards: Calculate and award rewards to smart contracts based on the number of network transactions.
- Tracking: Enables gas tracking per transaction.
Archway supports many different programming languages such as CosmWasm, WASM, GO, Rust and 40 different programming languages.
Unique point on the Archway platform
Rewards are a special feature on the Archway network. Archway builds a system to reward developers who build projects. On Archway there are 2 types of rewards included Gas Fee Rebates – Share gas and fees Inflationary Rewards Rewards come from token inflation.
- Gas Fee Rebates: Gas Fee is normally only for validators, but with Archway, this reward will be shared between validators and the protocol.
- Inflationary Rewards: Normally, staking inflation is for validators and staking participants, but with Archway, even the protocol receives this reward as an incentive (similar to incentive packages during the development process of Layers). first).
Development Roadmap
Everyone can observe Archway’s year 2022 through the article from the Archway: A Year in Review project.
Investor
March 24, 2023: Archway announced the successful call for $21M in Seed round with the lead of CoinFund & Hashed and the participation of a number of famous investment funds such as Blockchain Capital, Wintermute, Figment, Chorus One, stake.fish, Lemniscap, Hypersphere Ventures & Cosmostation.
Core Team
Archway was built by Phi Labs – a team that developed Tendermint.
Tokenomics
Update…
Exchanges
Update…
Project Information Channel
- Website: https://archway.io/
- Twitter: twitter.com/archwayHQ
- Discord:
Summary
Archway is the next potential blockchain built on the Cosmos ecosystem and is worth observing in the near future.