Coinlist is coming back more exciting than ever with 3 ICO projects on this platform in just a short time, the name that was announced this time is Archway. Weakhand will guide you to join Archway in this article to help people find opportunities to change their positions in this public sale.
Related articles from Weakhand:
- What is Archway (ARCH)? Archway Cryptocurrency Overview
- Instructions for Buying Neon Tokens on Coinlist
- CyberConnect Floor List Price Prediction
Archway Overview
Archway is a Blockchain platform built on the Cosmos SDK toolkit developed by Tendermint. Developers who develop dApps on Archway are very favored as they can receive huge incentives from user transaction fees of up to 50%.
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.
ARCH Tokenomics
Token usecase
ARCH token is the native token of Archway Blockchain and is used to serve the following 4 purposes:
- Security: ARCH is used for staking similar to other PoS Blockchains, thereby consensus and network security.
- Administration: Each ARCH token that has been staked will represent a share, share holders can participate in network governance.
- Transaction fees: Anyone who participates in using the network must pay transaction fees in ARCH tokens.
- Revenue for developers: Developers will earn revenue in ARCH tokens through protocol revenue, ARCH is generated from inflation, transaction fees, and smart contract premiums.
Token allocation
|
Allocation object |
% allocation |
vesting |
|---|---|---|
|
Community Sales |
5% |
Unlock 25% after 40 days TGE, the rest vesting in 8 months. |
|
Core Contributors |
ten% |
Lock for 12 months and vesting for the next 24 months. |
|
Phi Labs |
ten% |
Lock for 12 months and vesting for the next 24 months. |
|
Archway Foundation |
15% |
TBA |
|
Community Pool |
ten% |
Allocated through proposals decided by the community. |
|
Ecosystem Grants |
27% |
Allocated through decisions of the Grants Committee. |
|
Early Backers |
3% |
Lock for 12 months and vesting for the next 24 months. |
|
Private Buyers |
14.5% |
Lock for 12 months and vesting for the next 24 months. |
|
Airdrops |
5% |
TBA |
|
Testnets and Hackathons |
0.5% |
Lock for 12 months and fully unlock after that. |
Instructions for Buying Archway Tokens
Before participating, people need to meet some requirements from Coinlist such as not living in countries such as the United States, Canada, China, South Korea and certain jurisdictions.
Step 1: Sign up for a Coinlist account
- Access:
- Sign up for a Coinlist account by email.
- After having an account, everyone needs to access the Account -> Entities section to verify their identity with their passport.
Step 2: Register to buy ARCH on Coinlist
- Visit: https://sales.coinlist.co/archway
- Proceed with registration by filling in all information, selecting your country, reconfirming the terms, and connecting to a wallet address.
- Answer Coinlist’s questions with answers below.
|
Header
|
Question |
Answer |
|---|---|---|
|
first |
How many ARCH tokens are allocated to the Archway Community Sale? |
30,000,000 |
|
2 |
How will the sale queue work for the Archway Community Sale? |
Users in the waiting room for the sale will be given a random spot in the queue when the sale starts… |
|
3 |
What is Archway built for? |
Archway is a Cosmos-native Layer 1 blockchain that allows developers to capture the value created by their dApps. |
|
4 |
What currencies are accepted for payment in the sale? |
USDC, USDT |
|
5 |
What is the price per token and max purchase for the sale, excluding additional allocation requests? |
$0.20 per token, $1000 max purchase amount. |
|
6 |
What will happen if someone submits a purchase but doesn’t complete it? |
The user’s purchase may be canceled and the user may be banned from future CoinList sales. |
|
7 |
Where will I be able to participate in the Archway Community Sale? |
CoinList.co |
|
8 |
What happens to a user who uses bots or abuses the Queue-It system? |
The user’s purchase may be canceled and the user may be banned from future CoinList sales. |
Step 3: Join the queue
After registration is complete, everyone needs to access Archway sale on Coinlist at 0:00 a.m. on June 15, 2023 to join the buying queue. Each person will be given a random number and need to wait for their number to arrive. to be bought (usually, numbers below 12,000 have a very high chance of being bought).
Step 4: Payment
If in step 3, everyone receives the purchase amount, they will be redirected to the purchase amount commitment page and have 7 days from June 15 to June 22 to deposit the amount they have committed to Coinlist.
ARCH List Price Prediction
Currently there are many Layer 1s that are building ecosystems through the bridge across IBC, so it will be quite difficult to choose an object on par with Archway and compare.
Another simpler calculation is to take the average FDV of the largest zones on IBC and compare it with Archway’s initial valuation.
From the above calculation, we will have an average FDV of about $760M. If Archway’s FDV after listing reaches the above figure, the growth will be equivalent to 280%; however, we can also expect a higher peak.
Summary
Above are instructions for participating in buying Archway tokens from Weakhand. Don’t forget to register to participate so you don’t miss the opportunity to change your position from the project.
