Overview By  Dmytro Litvinko
Normal 2184 30 May 2023
Normal

CoinList Announces Another Sale! Introducing the Archway Project

By  Dmytro Litvinko 2184 30 May 2023
Photo - CoinList Announces Another Sale! Introducing the Archway Project

Hot on the heels of the NEON token sale, CoinList is introducing a new project: Archway. Come mid-June, interested participants from all approved jurisdictions can partake in this ICO.

What is Archway?

Archway is an L1 blockchain built on Cosmos that enables projects to garner a share (50%) of transaction fees. This structure aims to motivate developers to stimulate user transactions.

Reportedly, over 100 decentralized applications and infrastructural solutions have committed to becoming part of the Archway ecosystem once the mainnet goes live.

Archway Tokenomics. Source: CoinList

Archway Tokenomics. Source: CoinList

ARCH Tokenomics

ARCH, the network's native token, fulfills four main roles:

1. Facilitating the blockchain's functionality through a Proof-of-Stake algorithm.
2. Governance. ARCH stakeholders gain voting rights, influencing vital project decisions.
3. Handling transaction fee payments.
4. Serving as a reward system for developers. 

Find the ARCH token distribution scheme provided below.

ARCH Tokenomics. Source: CoinList

ARCH Tokenomics. Source: CoinList

ICO details on CoinList:

  • The sale is set for June 15.
  • A total of 30 million tokens are available for sale, which is 3% of the overall token supply.
  • The price per ARCH token is set at $0.2.
  • The lock-up and release schedule entails that 25% of the tokens will be unlocked 40 days post-ICO, followed by an eight-month period of linear vesting.
  • The minimum purchase limit is $100, and the maximum is $1,000.

How to participate?

To participate in the ICO on CoinList, you'll need to register on the platform, complete the KYC verification, and sign up by June 12th via the link, as the verification could take a while. All the relevant details are available there. Please be aware that certain jurisdictional restrictions apply to residents of specific countries.

During the token purchase registration, you'll be asked to answer several questions concerning the Archway project and the sale. You can find the answers below. You will also need to provide your wallet address on the Cosmos network at the end of the process. If you don't have one, you'll need to set one up, which can be done using the Keplr wallet.

1. 30 000 000;
2. Users in the waiting room for the sale will be given a random spot…;
3. Archway is a Cosmos-native Layer 1 blockchain that…;
4. USDC, USDT; 
5. $0.20 per token, $1000 max purchase amount;
6. The user's purchase may be canceled…;
7. CoinList.co;
8. The user's purchase may be canceled...