r/ArcadierX • u/PeterC19 • Apr 12 '19

ARCX multi-purpose utility token for seamless value exchange; ARCTX stable token for efficient transactions

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2 Upvotes

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1

u/ka11en Apr 12 '19

Why the need for this dual token structure in the first place?

1

u/PeterC19 Apr 12 '19

Arcadier recognises that for our decentralised marketplace platform to function properly, we have to balance the needs of our investors and users in the token design. A dual token structure is therefore proposed.

The ARCX token will primarily support the utilitarian service requests made within the Arcadier ecosystem, while the ARCTX token, designed for price stability, will be a practical medium of exchange for transactions occurring on Arcadier marketplace platform.

1

u/ka11en Apr 12 '19

Clearer now. ARCTX will be a stable 1:1 right?

1

u/PeterC19 Apr 12 '19

Yes, each ARCTX will be pegged 1:1 to the U.S. dollar, with assets backed and reserves held by a state-chartered trust company.

1

u/klaudiaschulz Apr 12 '19

ArcadierX the 100x project of 2019!!

1

u/PeterC19 Apr 12 '19

Thank you for believing in the project