Today on August 20th, VNDC official listed Arweave Token (AR) on VNDC Wallet. After AR is available, users can perform the following functions:
- Off-chain transactions: Send, receive AR with other users on the same system.
- Exchange: Convert from VNDC to AR and vice versa.
About Arweave
Arweave is a decentralized storage platform that provides indefinite data storage. Arweave applies Proof of Access technology to create the world’s first permanent data store, with low cost and censored information.
Arweave offers two solutions:
- Permanently store solutions for any data in an immutable manner, preventing theft.
- An ideal single-layer infrastructure solution for decentralized applications (dApps) where data does not need to change (news sites, archives).
Currently, Arweave is developing a basic web and a permanent decentralized web to host many community-driven applications and platforms..
Website: https://www.arweave.org/
What is AR token?
AR is Arweave’s native token and can be used for the following purposes:
- Fee payment: Users pay with AR if they want to use Arweave’s storage service.
- Reward: AR tokens obtained from users will be used to pay miners to maintain the network and provide services. The amount of AR obtained from transactions will also be partially paid to Miner.
Specifications:
- Name: Arweave Token
- Symbol: AR
- Total supply: 66,000,000 AR
- Type: Utility Token
AR is now listed on some of the largest cryptocurrency exchanges like FTX, Huobi Global, HitBTC. At the time of writing, AR is ranked #89 on CoinMarketCap:
AR Price 662,766 VNDC Market Cap 971,698,648 USD 24h Trading Volume 107,101,198 USD Circulating Supply 33,394,701 AR Total Supply 66,000,000 AR
Trading AR on VNDC Wallet
Users can perform the following features with AR through the VNDC Wallet platform:
- Off-chain transactions: Send, receive AR with other users on the same system.
- Exchange: Convert from VNDC to AR and vice versa.
