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What is the issuance and circulation of ARK coins?
The initial coin offering (ICO) in 2017 distributed 85% of ARK's total coin supply, with the remaining allocated to the core team, advisors, and ecosystem fund.
Dec 21, 2024 at 12:27 pm
Key Points:
- ARK Coin Issuance and Supply
- ARK Coin Distribution
- ARK Coin Circulation
ARK Coin Issuance and Supply
ARK is a blockchain platform that enables the creation and deployment of decentralized applications (dApps). The native cryptocurrency of the ARK ecosystem is the ARK coin.
- Issuance: The ARK coin was issued through an initial coin offering (ICO) in 2017. A total of 125 million ARK coins were distributed in the ICO, representing 85% of the total supply.
- Supply: The total supply of ARK coins is limited to 150 million. The remaining 25 million coins are reserved for ecosystem development, research, and marketing initiatives.
ARK Coin Distribution
The distribution of ARK coins was planned to ensure a fair and equitable distribution among key stakeholder groups.
- ICO Participants: 85% of the total supply was sold in the ICO to early backers and investors.
- Core Team and Advisors: 10% of the supply was allocated to the ARK core team and advisors for their contributions to the project.
- ARK Ecosystem Fund: 5% of the supply was reserved for an ecosystem fund dedicated to supporting the development and growth of the ARK platform.
ARK Coin Circulation
The number of ARK coins in circulation is dynamic and can vary over time due to various factors, such as token burns, staking, and market activity.
- Token Burns: ARK implements a deflationary mechanism through token burns. A portion of the transaction fees generated on the ARK network is used to burn ARK coins, reducing the overall supply.
- Staking: ARK holders can stake their coins on the network to validate transactions and earn rewards. Staking helps secure the network and provides a passive income stream for participants.
- Market Activity: The circulation of ARK coins is also influenced by market demand and supply dynamics. Buy and sell orders on exchanges can increase or decrease the number of coins in circulation.
FAQs:
Q: What is the purpose of ARK coins?
A: ARK coins are the native cryptocurrency of the ARK blockchain platform, used to pay transaction fees, participate in staking, and access ARK dApps.
Q: How can I acquire ARK coins?
A: ARK coins can be purchased on cryptocurrency exchanges or through over-the-counter (OTC) transactions.
Q: What is the current value of ARK coins?
A: The real-time value of ARK coins may vary, depending on market fluctuations. Please refer to cryptocurrency market data providers for up-to-date information.
Q: Where can I store ARK coins?
A: ARK coins can be stored in various cryptocurrency wallets, including the official ARK Core wallet, hardware wallets like Ledger and Trezor, and software wallets provided by exchanges.
Q: What are the benefits of investing in ARK?
A: Potential benefits of investing in ARK include the growth potential of the ARK ecosystem, the potential for passive income through staking, and the project's focus on dApp development.
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