Everything you need to know about $Arc
ArcadeNetwork is an innovative step towards uplifting the gaming industry as it aims to revolutionize the industry for gamers as well as game developers. The platform provides an effective method of payment, called the Interoperable Token System with the help of Unified Arc Tokens.
ArcadeNetwork benefits by receiving a fixed transaction fee when these tokens are minted for use of any type. Moreover, as the demand for the token rises due to its cross-platform operations in the gaming industry, the value of the token surges, thus benefiting the token holders.
Do not misunderstand the Arc Token as any other token, as it provides many more features. It’s not only a fee settlement option but also works as a loyalty token for the ARC platform. The token also facilitates additional discounts to the token users for making any in-game asset purchases and paying the platform fee of any type in the ArcadeNetwork ecosystem.
Let’s have a look at all the utilities of the Arc token in brief:
1. Fee settlement
Fees on Arc Platform can be settled only in the Arc tokens. ArcadeNetwork charges two types of fees, one from the gaming companies that enlist themselves on the platform and the other one from the gamers. These gaming companies need to pay a subscription fee for making use of ArcadeNetwork’s APIs and SDKs. On the gamers’ part, they have to pay a nominal “Inter Metaverse Fee” when they want to take an asset from one metaverse to another metaverse.
Staking is that feature of Arc tokens that help in the proper conduct of companies and game developers. Newly registered customers and game developers associated with ArcadeNetwork will have to stake a floating amount of tokens based on fixed USD equivalence. Any of the platform users not acting in good faith will be at risk of losing this deposit. Meanwhile, if the token value appreciates in the market, these users will be able to unstake part of their tokens and sell them for a profit, however, they must meet the minimum fixed USD equivalence requirement. On the contrary, if the token value depreciates over time, (which is a rare case) users will be able to sell their stake at a slight discount to other users who wish to enter the platform, when they decide to exit the platform.
3. Game dev financing and loyalty fees
ArcadeNetwork will enable the Arc token holders to fund the operations of game developers associated with the platform. This funding will be processed via a liquidity pool. ArcadeNetwork will keep a small margin of the interest rate on these loans and pass the remaining amount to the liquidity providers. Interest in the trade financing protocol will be payable in Arc tokens. In addition to that, when a gaming company stays invested in Arcade Networks platform and enlists itself regularly, it gets loyalty fees in terms of Arc tokens.
4. User’s attention and funding
Arc token is more of a payment option and staking purpose, but still, it can be used as a pure medium of grasping the user’s attention to your games. This can be done by rewarding the users at times, in terms of loyalty points.
5. Token Scarcity
With every transaction made using $ARC, 0.01% of tokens are burnt. The goal of token burning is to remove this quantity of a token from the circulating supply. The constant burning keeps a steady value of the token and also bets for a long term price rise.
With the help of Arc Tokens, the owners can melt their NFTs back into Arc coin; this boosts their confidence in the assets and faith in the projects that offer them. The Arc stored within NFTs proves their origin and guarantees their compatibility with the ArcadeNetwork ecosystem. The perceived value of NFTs is directly correlated with their Arc coin backing, thus making ARC Coin an effective gold standard. Asset scarcity is yet another feature of Arc coins. When existing NFTs are melted, scarcity increases, thereby lowering the supply and increasing their value. Unlike other digital assets, NFTs backed by ARC coins are created with something of value and can be destroyed anytime. Because Arc coin is a limited, valuable resource, backing NFTs with it is the only way to regulate asset creation.
About Arcade network-
ArcadeNetwork is the world’s first decentralised platform providing cross metaverse asset interoperability. Using smart contracts and cryptocurrency, it also aims to build a money market for in-game assets.
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