What is the issuance and circulation of ARKM coins?

The total supply of ARKM coins is capped at 140 million, ensuring scarcity and maintaining value.

Nov 18, 2024 at 08:10 am

What is the issuance and circulation of ARKM coins?

ARKM is a digital asset native to the Ark Ecosystem, a blockchain-based platform. It serves as a utility token, facilitating secure and efficient transactions within the Ark ecosystem and across other compatible networks. The issuance and circulation of ARKM coins are essential aspects of understanding the Ark Ecosystem's functionality.

1. Total Supply:

The total supply of ARKM coins is fixed at 140,000,000. This predetermined cap ensures the token's scarcity and helps maintain its value over time. Once all coins are distributed, no new tokens will be created, preventing inflation and preserving the integrity of the ecosystem.

2. Issuance:

ARKM coins were initially issued through a fair distribution event in 2017. This event enabled early adopters to acquire tokens through a transparent and equitable process. Since then, no new coins have been minted, ensuring the fixed supply cap is maintained.

3. Initial Distribution:

During the initial distribution, a total of 89,000,000 ARKM coins were released to the public. This formed the majority of the circulating supply. The remaining 51,000,000 coins were allocated for specific purposes, such as community development, ecosystem growth, and marketing initiatives.

4. Team Allocation:

A portion of the initial distribution was allocated to the Ark team for their efforts in developing and maintaining the ecosystem. This allocation recognized their contributions and ensured their continued commitment to the project's growth.

5. Community Fund:

A significant allocation was designated as a community fund, empowering the Ark community to propose and implement projects that enhance the ecosystem. This fund supports initiatives that foster innovation, adoption, and overall growth within the Ark ecosystem.

6. Circulating Supply:

The circulating supply of ARKM tokens represents the number of coins that are publicly available and traded in the open market. It is calculated by subtracting any locked or reserved tokens from the total supply.

7. Marketing and Adoption:

Strategic allocations were made to support marketing and adoption efforts. These funds are used to promote the Ark Ecosystem, educate users, and attract new developers and users to contribute to the platform's growth.

8. Ark's Proof-of-Stake Consensus:

ARKM coins play a vital role in the Ark Ecosystem's Proof-of-Stake (PoS) consensus mechanism. Stakeholders who hold ARKM coins can participate in the forging process, validating transactions and securing the network. They earn rewards for their contributions, further incentivizing participation and contributing to the ecosystem's stability.

• Mandatory Node Levels (Mandatory Forging): The first mandatory node level requires a stake of 50,001 ARKM. The second level demands 500,001 ARKM. The third level requires a stake of 5,000,001 ARKM.
• Optional Node Levels (Optional Forging): The first optional node level requires a stake of 25 ARKM. The second level demands 6,250 ARKM. The third level requires a stake of 12,500 ARKM.

9. Utility and Value:

ARKM coins serve as a medium of exchange within the Ark Ecosystem. They are used to pay transaction fees, rewards for forging, and to facilitate smart contract executions on the Ark blockchain. The value of ARKM tokens is determined by market forces, including supply and demand, adoption rates, and overall ecosystem growth.

10. Tokenomics:

The design of ARKM's tokenomics is carefully crafted to provide incentives for stakeholders to actively participate in securing the network and growing the ecosystem. The finite supply, forging rewards, and strategic allocations promote the long-term viability and prosperity of the Ark platform.