When we launched the original Archie Token on ERC20, our goal was to look after our holders as best we could. But with the volatility in the crypto market, we were unable to achieve this, and our chart has suffered.
We decided as a community to follow our original road map and launch our own layer 1 POS blockchain. This will not only mean we will be independent from ERC20, but it will also help in supporting our upcoming metaverse (Archie Meta).
Our aim is to step away from the current crypto ideology of making profit from holders' investments and move towards a revenue-based system. The way it stands at the moment holders can be hurt financially by hype, pump and dumps or whales.
The demand for services provided in Archie Metaverse will drive the value of Archie coin independent of the crypto market.
Read MoreArchieSwap is a decentralized cryptocurrency exchange that uses the ArchieChain(ARC) ecosystem's first automatic market making mechanism (AMM DEX). ArchieSwap exchange is where standard token trades on ArchieChain(ARC) happen.
There are two kinds of users on the ArchieSwap exchange:
AMM is a market-making system that lets buy and sell orders be carried out without going through the order book. You only need to add assets to the pool (Pool), and the orders will be filled right away. The price will be adjusted according to the smart contract's formula.
AMMs offer advantages that help introduce many DeFi features that traditional exchanges cannot replicate. Here are a few advantages that they hold.
One of the main benefits of DEXs is the high degree of determinism achieved by using blockchain technology and immutable smart contracts.
Read MoreTraders and liquidity providers interact with DEXs directly from their crypto wallets, retaining full custodianship of their assets.
Read MoreCEXs are infamous for manipulating markets and conducting insider trading.
Read MoreThanks to their decentralized nature, everyone can list an asset on DEXs without having to rely on a vouching or verification system operated by the platform’s owners
Read MoreThe vision behind many DEXs is to have permissionless accessible, end-to-end on-chain infrastructure with no central points of failure and decentralized ownership across a community of distributed stakeholders.
Read MoreAMMs offer advantages that help introduce many DeFi features that traditional exchanges cannot replicate. Here are a few advantages that they hold.
Each Pool on ArchieSwap will have two types of assets, such as A and B. The liquidity provider will put in two assets at a ratio of 1:1. Get an LP token as well. This is a token that represents ownership of a portion of the assets in the Pool.
If a trader wants to swap from A to B, he or she can put A in the Pool and get B.
ArchieSwap currently charges 0.25% of each transaction's value as a fee.
This fee will be split:
Liquidity providers, or LPs, provide ARC-20 tokens to ArchieSwap liquidity pools. Large pools generate higher-volume trades with better pricing than smaller pools.
Different types of LP:
Passive LPs
Professional LPs
DeFi Pioneers
Token Projects
There are a several categories of traders in the protocol ecosystem
Speculators
Arbitrage Bots
dApp Users
Smart contracts
In all cases, trades are subject to the same flat fee for trading on the protocol. Each is important for increasing the accuracy of prices and incentivizing liquidity.
Developers build apps and services on top of the ArchieSwap protocol. There are too many to count across the Ethereum ecosystem, but some examples include:
ArchieSwap is completely open-source.
Wallets can integrate swapping and liquidity functionality as a core offering.
DEX aggregators pull liquidity from several liquidity protocols.
Smart contract developers can invent new tools and experiment with other various ideas.