Article Summary, Automatically Generated By AI
Summary of ArthSwap (ARSW)
Key Points
- ArthSwap is a decentralized finance (DeFi) platform on Astar Network (Polkadot) and Astar zkEVM (Ethereum).
- ARSW is the native utility token for governance voting and resource allocation.
- ArthSwap is an Uniswap v3 model AMM, allowing token swaps, liquidity provision, and launchpad/IDO.
Tokenomics
- Initial total supply: 1,000,000,000 ARSW
- Deflationary token with buy-back and burn mechanism
- Goal: reduce total supply to under
Introducing ArthSwap: A Revolutionary Decentralized Exchange
Introducing ArthSwap (ARSW): A Revolutionary DeFi Platform
ArthSwap is a decentralized finance (DeFi) platform meticulously crafted to facilitate seamless asset trading and liquidity provision on Astar Network (Polkadot) and Astar zkEVM (Ethereum), with the ambitious goal of emerging as the premier “DeFi Hub” bridging Polkadot and Ethereum.
ARSW is the native utility token, empowering users to exercise governance through voting, thereby shaping the platform’s development trajectory and resource allocation. For instance, users or the protocol can determine the allocation of farming rewards for each pool, allowing them to incentivize their tokens autonomously.
At its core, ArthSwap embodies the Uniswap v3 model, offering a comprehensive AMM solution that encompasses: * Seamless token swapping across Polkadot and Ethereum ecosystems * Opportunities to provide liquidity and reap rewards from trading volume * A launchpad and IDO platform
The Circulating Supply of ARSW Tokens: A Closer Look
The inaugural total supply of 1 billion ARSW tokens has been issued and is currently in circulation. Notably, the ARSW token is deflationary in nature, thanks to its innovative buy-back and burn mechanism, which is fueled by trading volume and rewards from dApp Staking, a distinctive feature of the Astar Network. Furthermore, we will be conducting regular burn events on a quarterly basis.
Introducing “Burn ARSW”: A Revolutionary Concept
Coin burning is the deliberate and permanent removal of cryptocurrencies from circulation, thereby reducing the total supply and fostering a deflationary effect. By diminishing the coin’s availability, coin burning seeks to increase its valuation, ultimately benefiting its holders. In the case of ARSW, the objective of these coin-burning events is to gradually diminish its total supply until it reaches a threshold of under 500 million ARSW, equivalent to 50% of its maximum supply. The proliferation of DeFi protocols has contributed to the growing prevalence of coin burning within the blockchain ecosystem. Notable examples include ASTR, which incorporates a burn mechanism to transition into a deflationary token, as well as other prominent tokens such as ETH, BNB, and QUICK, which are also prioritizing token burning.
The Mechanism of ARSW Burning: A Detailed Explanation
At the heart of the ArthSwap and Astar ecosystem lies ARSW, the governance token that fuels its operations. Initially, the total supply of ARSW stood at 1,000,000,000, but through a series of deliberate coin burns, this number is gradually diminishing. These burning events will continue until half of the total supply is eliminated, ultimately reducing the circulating ARSW to under 500,000,000.
There are two primary methods for burning ARSW tokens. The first approach involves quarterly ARSW burning events, whereas the second method entails burning a proportion of ARSW bought back, which is determined by a percentage of the trading volume. Notably, all these activities are governed by DAO, a decentralized voting system empowered by ARSW tokens.
The Visionaries Behind ArthSwap: Meet the Founders
ArthSwap was conceived by a visionary team of cryptocurrency aficionados and seasoned software developers, boasting extensive expertise in blockchain technology and finance. The founders, with their impressive track record of contributing to diverse blockchain projects, possess an intimate understanding of DeFi ecosystems.
Acquiring ArthSwap (ARSW): A Comprehensive Guide to Purchasing Options
ARSW tokens are listed on multiple prominent cryptocurrency exchanges, facilitating seamless trading. These esteemed platforms offer ARSW pairs with major cryptocurrencies and stablecoins, thereby ensuring diversified market access. Notably, ARSW is available on esteemed exchanges such as Gate.io and ArthSwap itself, providing users with a convenient and secure trading experience.