What is the issuance price and issuance volume of ARK coin?

The ARK coin was initially priced at 0.00035 BTC per coin during its ICO in 2016, raising approximately $10,800,000 USD.

Dec 24, 2024 at 02:57 pm

Key Points:

• Issuance Price and Volume of ARK Coin
• Purchase Procedures
• Storage Methods
• Value Proposition and Role in the Ecosystem

Issuance Price and Volume of ARK Coin:

The ARK coin was launched through an initial coin offering (ICO) in 2016. The ICO took place over a period of two weeks, concluding on March 22, 2016. A total of 125,000,000 ARK coins were created, with 85,000,000 ARK sold during the ICO. The remaining 40,000,000 ARK coins were distributed to the ARK team and reserved for future development and marketing efforts.

The ICO price of the ARK coin was set at 0.00035 BTC per coin. This equated to approximately $0.12 USD per ARK coin at the time of the ICO. At the conclusion of the ICO, the total funds raised amounted to approximately 30,000 BTC, which was equivalent to roughly $10,800,000 USD at the time.

Procedures to Purchase ARK Coin:

ARK coins can be purchased through several methods:

1. Cryptocurrency Exchanges: ARK coins are listed on several prominent cryptocurrency exchanges, including Binance, KuCoin, and Huobi. To purchase ARK coins on an exchange, you will need to create an account, deposit funds, and place an order to buy ARK coins at the desired price.
2. Peer-to-Peer (P2P) Trading: ARK coins can also be purchased directly from other individuals through P2P trading platforms such as LocalBitcoins and Bisq. P2P trading involves agreeing on a price with the seller, sending funds directly to their wallet, and receiving the ARK coins once the payment is confirmed.
3. Over-the-Counter (OTC) Trading: OTC trading involves purchasing large volumes of ARK coins directly from a broker or market maker. OTC trades are typically conducted over the phone or via email and offer more privacy and anonymity than exchange trading. However, OTC trading may require higher minimum trade sizes and may incur additional fees.

Storage Methods for ARK Coin:

Once you have purchased ARK coins, you will need to store them securely in a cryptocurrency wallet. Several hardware, software, and online wallets support the storage of ARK coins.

• Hardware Wallets: Hardware wallets, such as the Ledger Nano X or Trezor Model T, offer the most secure method of storing cryptocurrency. These devices store your private keys offline, making them resistant to hacking and malware attacks.
• Software Wallets: Software wallets, such as the ARK Desktop Wallet or Exodus, are free and easy to use. However, they are less secure than hardware wallets as they are connected to the internet and vulnerable to hacking attempts.
• Online Wallets: Online wallets, provided by exchanges or other third parties, are convenient for storing small amounts of cryptocurrency. However, it is crucial to choose a reputable and secure service as online wallets can be vulnerable to hacking and theft.

Value Proposition and Role in the Ecosystem:

The ARK coin has several unique features that differentiate it from other cryptocurrencies:

1. Delegate Proof of Stake (DPOS): ARK uses a DPOS consensus mechanism, where coin holders can vote for delegates who are responsible for validating transactions and securing the network. This reduces the energy consumption associated with traditional Proof of Work mining methods.
2. SmartBridge Technology: ARK's SmartBridge technology allows interoperability and communication between different blockchains. This cross-chain functionality enables the transfer of assets and data between various blockchain networks.
3. EcoSystem: ARK supports a growing ecosystem of projects, including decentralized applications (dApps), gaming platforms, and decentralized finance (DeFi) protocols. ARK coin acts as the fuel for the ecosystem, powering transactions and supporting the development of new projects.

FAQs:

1. What is the current price of ARK coin?
   The current price of ARK coin varies depending on the market conditions. It can be found on cryptocurrency exchanges and tracking websites.
2. What is the circulating supply of ARK coin?
   The circulating supply of ARK coin is approximately 123,999,314 ARK coins. This number may fluctuate slightly due to new coins being created through block rewards and coins being lost or destroyed.
3. What is the maximum supply of ARK coin?
   The maximum supply of ARK coin is capped at 140,000,000 ARK coins. This limit ensures scarcity and potentially supports the long-term value of the coin.