ARCH

Overview of ARCH

Archer DAO Governance Token (ARCH) was launched in May 2021 by the founders of Archer DAO, a decentralized autonomous organization focused on funding and supporting projects in the Polkadot ecosystem. The main function of the ARCH token is to allow holders to participate in governance votes and help direct funding from the Archer DAO treasury. ARCH tokens can be used to submit proposals, vote on proposals, and receive a portion of the rewards from funded projects.

The ARCH token was initially distributed through a fair launch with no pre-mine or investor allocations. It is currently listed on decentralized exchanges like Uniswap and centralized exchanges like Gate.io and MEXC Global.

ARCH is an ERC-20 token built on Ethereum, so it can be stored in any Ethereum-compatible wallet like MetaMask, Ledger, or Trezor. Holders need to store their tokens in a wallet where they control the private keys in order to participate in Archer DAO governance.

Pros and Cons

By diving into a comprehensive analysis of its strengths and weaknesses, It will equip you with the knowledge needed to make informed decisions in this dynamic digital realm.

Pros:

• Community governance - ARCH holders can participate in governance votes to guide Archer DAO funding and initiatives

• Ecosystem development - Funding projects helps expand the Polkadot ecosystem ARCH aims to support

• Potential rewards - ARCH holders can get rewards from funded projects through the DAO treasury

• Fair distribution - No VC or team allocations at launch increases fairness and decentralization

• Liquidity and availability - Listed on major DEXs like Uniswap and CEXs like Gate.io

Cons:

• Speculative value - ARCH value depends on governance participation and funded project success

• Complex governance - On-chain governance can have a steep learning curve for some holders

• Lack of authority - Fully decentralized governance means no central authority to provide stability

• Low adoption - As a new project, ARCH is not widely used yet compared to more established tokens

• Price volatility - Speculative assets like ARCH tend to have high price volatility

What Makes ARCH Unique？

The key unique aspect of Archer DAO Governance Token is its focus on funding and supporting the emerging Polkadot ecosystem. Unlike other governance tokens that just provide voting rights within their own protocol, ARCH specifically aims to help grow the Polkadot network by funding related projects proposed and voted on by ARCH holders. This creates a symbiotic relationship where the success of Polkadot boosts the utility and adoption of ARCH, while ARCH provides critical developer funding to expand the Polkadot ecosystem.

With Polkadot positioned as a leading next-generation blockchain, ARCH has the opportunity to become the preeminent governance token for this space if it can capitalize on its first-mover advantage and continue funding valuable projects. The growth potential for both ARCH and Polkadot stems from this targeted, ecosystem-building approach.

How Does ARCH Work？

The Archer DAO Governance Token (ARCH) operates by allowing holders to participate in the governance of the Archer DAO and its treasury.

ARCH holders can submit funding proposals to the DAO, which are then voted on by ARCH token holders. If a proposal is approved, it receives funding from the DAO's treasury, which is capitalized through the sale of assets donated by projects after they receive funding. ARCH holders receive voting rights proportional to the amount of ARCH they hold, so those with more tokens have more influence over the DAO's decisions.

Tokens are also used to incentivize participation, as ARCH holders earn rewards when they stake their tokens or provide liquidity. This system aligns network participants and helps direct treasury funds to help expand and improve the Polkadot ecosystem.

Exchanges to Buy ARCH

ARCH is a relatively new token, so it is not listed on major centralized exchanges yet. However, it can be purchased on a few decentralized exchanges. Uniswap is currently the most popular option for buying ARCH, providing high liquidity through its ETH and USDC trading pairs. Gate.io also offers ARCH trading with USDT and ETH pairs, but liquidity is lower.

A few other decentralized exchanges like 1inch and SushiSwap have ARCH listed as well. In the future, listing ARCH on larger centralized exchanges could provide improved access and trading options. But for now, Uniswap and Gate.io offer the main entry points to purchase ARCH governance tokens.

Uniswap - Decentralized exchange built on Ethereum offering ETH and USDC trading pairs with high ARCH liquidity.

Gate.io - Centralized exchange providing ARCH trades with USDT and ETH pairs but lower liquidity.

1inch - DEX aggregator that includes ARCH via integrated DEXs like Uniswap. Provides access but low liquidity.

SushiSwap - Decentralized exchange on Ethereum with ARCH listed but minimal trading volume.

How to Store ARCH？

As an ERC-20 token built on Ethereum, ARCH can be stored in any Ethereum-compatible wallet where you control the private keys. Here are some of the main options for storing ARCH tokens safely:

• Hardware wallets like Ledger or Trezor provide offline storage and high security. ARCH can be stored on hardware wallets compatible with Ethereum apps like the Ledger Nano S/X or Trezor Model T.

• Software wallets like MetaMask, MyEtherWallet, or Trust Wallet allow you to store ARCH. These are controlled by a seed phrase and offer convenience but lower security than hardware wallets.

• ARCH can also be stored on some crypto exchanges that support it like Gate.io. However exchange wallets are custodial, meaning you don't fully control the private keys.

• For security, using a hardware wallet or software wallet that you control is recommended over keeping large ARCH balances on exchanges long term.

• Be sure to follow security best practices like keeping your seed phrase or private keys safe and using a new wallet address for each transaction.

• Storing ARCH in your own wallet will allow you to participate in Archer DAO governance through voting and staking.

Should You Buy ARCH？

Here are some types of investors that may be suitable for investing in the Archer DAO Governance Token (ARCH):

• Crypto enthusiasts interested in governance tokens - As a governance token, ARCH will appeal to cryptocurrency enthusiasts who want voting rights and a say in directing treasury funds. The ability to engage in governance may provide more utility for some crypto investors beyond speculative value.

• Early Polkadot supporters - Since Archer DAO aims to fund projects building on Polkadot, early Polkadot backers may be interested in holding the ARCH token to help grow the Polkadot ecosystem.

• DAO believers - Investors who are excited about the concept of decentralized autonomous organizations may be drawn to hold and use ARCH for participating in one of the larger DAOs.

• Speculative investors - Like other cryptocurrencies, ARCH could attract investors who are comfortable with high-risk, speculative assets with potential for high rewards in the long run. The project's newness provides room for significant price appreciation.

• Long-term holders - The staking rewards and potential governance benefits encourage long-term holding of ARCH rather than short-term trading. So patient investors with a multi-year time horizon may find ARCH attractive.

• Technical experts - To participate in governance and staking, a base level of technical knowledge is likely needed, so more tech-savvy investors could have an advantage.

Conclusion

The Archer DAO Governance Token represents an intriguing new experiment in decentralized governance and treasury management. By aligning incentives between ARCH holders, the Archer DAO, and the burgeoning Polkadot ecosystem, there is potential to bootstrap meaningful growth through targeted funding. However, challenges remain around participation, collaboration, and maintaining community momentum long-term.

As a speculative asset, investing in ARCH carries risks like volatility and reliance on active governance. Yet the possibility for outsized rewards also exists if the virtuous cycle of funding, rewards, and appreciated value occurs. For believers in the disruptive power of DAOs, Polkadot's tech, and decentralized cooperation, ARCH offers exposure to this future. It remains to be seen whether the Archer DAO community can coalesce around shared goals to turn potential into reality. But if achieved, ARCH could cement itself as an integral piece of the Polkadot landscape and a prime example of effective decentralized governance.

FAQs

Q: How does the voting power for proposals work in relation to staking and unstaking tokens？

A: Each proposal uses a historical snapshot to determine voting power, and once a proposal's snapshot has passed, staking or unstaking tokens doesn't affect the voting power for that proposal.

Q: What can be expected from completed proposals in Archer DAO？

A: Completed proposals can lead to direct execution, execution after development, revisiting in the “Core” channel, or may not be executed at all.

Q: How does Archer DAO view snapshot voting for complicated topics？

A: Snapshot voting isn't perfect for complex topics, and it's also used as a signaling tool to understand community views.

Q: How can ARCH token holders access governance channels on Discord？

A: ARCH token holders with at least 10,000 ARCH can access governance channels using the command “!join” in Discord.

Q: What was the purpose of the initial sale of ARCH tokens？

A: 11% of the ARCH tokens were sold in an initial sale, totaling 11M ARCH tokens for USD 1.3M.

Q: How are the tokens allocated for dex liquidity？

A: 1% of the tokens, which is 1,000,000 ARCH, will be used for dex liquidity, and the resulting liquidity tokens will be owned by the DAO treasury.

Q: What is the vesting schedule for the founding team and advisors？

A: 14% of the tokens belong to the founding team and advisors, and they vest over two years with a six-month cliff.

Q: How is the remaining 24% of ARCH tokens utilized？

A: The 24% of ARCH tokens are earmarked for foundation, marketing, and development budgets over the next 12 months.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.