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Archway

Overview of Archway

Archway is a blockchain platform designed specifically for developers, offering a unique set of features and opportunities. Here are some key use cases:

• Developer Empowerment: Archway empowers developers by providing a platform where they can easily deploy smart contracts and build communities around their projects. It distinguishes itself by evenly distributing rewards to both validators and developers, fostering a developer-centric economy.

• Interoperability: Archway leverages the Inter-Blockchain Communication (IBC) protocol, allowing for seamless interaction between different blockchains within the Cosmos ecosystem. This means developers can create multichain dApps that can communicate with any other dApp or chain in the Cosmos ecosystem.

• Customizable Economics: Archway provides developers with a customizable economic model, enabling them to configure earning sources and incentivize long-term sustainability and growth. Developers can earn ARCH tokens through gas rebates, inflation, and premiums, which can be leveraged or redistributed as needed.

• Scalability and Security: Archway is built using the Cosmos SDK, Tendermint, and CosmWasm, ensuring speed, scalability, and security. It also includes a minimum consensus fee to mitigate risk and ensure optimal security.

• Governance: Archway implements a governance model that allows participants and token holders to actively shape the protocol's future through proposals and on-chain voting. This ensures fair and transparent participation in the decision-making process.

• Development Tools: Archway offers a suite of tools, including Arch3.js and Archway CLI, to help developers create and interact with dApps on the platform.

Key Features

• Interoperability through IBC
• Customizable Economic Model
• Scalability and Security
• Governance
• Development Tools

Benefits for Developers

• Easy Deployment of Smart Contracts
• Even Distribution of Rewards
• Multichain dApp Development
• Configurable Earning Sources
• Governance Participation

Pros of Archway

• Developer-Centric Economy: Archway is designed to support and attract builders by incentivizing them with rewards generated directly on the protocol level. This means developers can earn from their dApps right from the start, accelerating innovation and creative thinking.
• Easy Deployment: Developers can easily deploy smart contracts to Cosmos, which are owned, operated, and governed by the developer community. This simplifies the process of building and launching scalable cross-chain dApps.
• Interoperability: Archway natively integrates Inter-Blockchain Communication protocol (IBC), allowing users to exchange assets and data with other Cosmos-enabled chains. This enables dApps to reach a high number of users across different chains.
• Customizable Economics: Developers can configure three earning sources, incentivizing long-term sustainability and growth. These configurable earning sources generate ARCH tokens that can be leveraged or redistributed in any way developers decide.
• Multichain dApps: Through CosmWasm, developers can create multichain dApps, or dApps that are built on more than one chain, taking advantage of other ecosystems while earning through an initial access point on Archway.

Cons of Archway

• Limited Mainstream Adoption: As a relatively new platform, Archway may not have the same level of mainstream adoption as more established blockchain platforms.
• Dependence on Cosmos Ecosystem: Archway's success is closely tied to the growth and stability of the Cosmos ecosystem, which could be a risk if the ecosystem faces challenges.
• Technical Complexity: While Archway simplifies many aspects of dApp development, it still requires a good understanding of blockchain technology and programming languages like Rust and CosmWasm.
• Competition: The blockchain space is highly competitive, and Archway faces competition from other smart contract platforms that offer similar features and incentives.

Founders of Archway

The founders of Archway include Griffin Anderson. For more detailed information about the project, you can visit the official website at https://archway.io/. Here are some key points about Archway:

• Location: United States of America
• Launched: 2021
• Category: Incentivized smart contract chain for the Cosmos ecosystem
• Functionality: Allows developers to deploy high-performance dapps and rewards them for the value they contribute to the network.

Investors in Archway

• Individual Investors: Archway has received funding from individual investors, particularly in its public sale round in June 2023 and strategic round in March 2022.
• Strategic Investors: The project has also secured strategic investments, though specific details about these investors are not publicly disclosed.
• Funding Rounds: Key funding rounds include:
  • Public Sale (June 2023): Raised $6 million with a round valuation of $200 million.
  • Strategic Round (March 2022): Raised $21 million with a round valuation of $145 million.

For more information about Archway, visit their official website: https://archway.io/

Understanding Archway as an Investment

Archway is a blockchain platform that offers a unique approach to rewarding developers for creating dApps. Here are some key points to consider when evaluating Archway as an investment:

• Developer Incentives: Archway's Gas Fee Rebates system ensures that developers receive a portion of the gas fees generated by their contracts. This not only rewards developers but also helps in reducing the total supply of tokens, potentially increasing their value over time.
• Governance and Rewards: The native token, ARCH, is used for governance and rewards. Its maximum supply is capped at 1 billion units, providing a clear framework for token distribution and management.
• Value Capture Engine: Archway's value capture engine allows developers to receive income proportional to the value they create. This includes a portion of gas fees and inflationary tokens, making it an attractive platform for developers looking to build high-performance, sustainable dApps.
• Scalability and Efficiency: Archway offers scalable and efficient infrastructure, making it a compelling choice for developers. Its advanced interchain communication and robust governance structure further enhance its appeal.
• Token Utility: ARCH tokens are used for various purposes, including staking for network security, governance, transaction fees, and revenue distribution to developers. This multifaceted utility can contribute to the token's value and stability.

By considering these aspects, investors can better understand the potential of Archway as an investment opportunity.

Halal Status of Archway

No, the halal status of Archway is not explicitly confirmed. The determination of whether a crypto token is halal depends on various factors, including its compliance with Shariah principles such as avoiding riba (interest), gharar (excessive uncertainty), and maysir (gambling). Without specific information or certification from Islamic finance authorities, it cannot be definitively stated that Archway is halal.