What does it do?
ARK is a sandbox that provides users, developers and startups with blockchain technology. Their aim is to create an entire ecosystem with endless use cases that make ARK widely adopted.
- Decentralized, open source and ran by a Delegate-Proof-Of-Stake (DPoS) consensus mechanism.
- SmartBridge technology which helps ARK to scale and bridge well known blockchains.
|Company Name||ARK ECOSYSTEM|
|Incorporation Address||1394 RUE DU VILLAGE39570 VILLENEUVE-SOUS-PYMON|
|Initial Funding & Distribution|
|Total Supply Sold||93 750 000 ARK|
|Total Amount Raised||942 593 USD|
|Price During the Crowdsale||0.01 USD|
|Hard Cap||no info|
|Token Distribution||75% Crowdsale|
7% ARK Shield
|Funds Distribution||no info|
|Crowdsale Date||December 11, 2016|
| Sources: https://messari.io/asset/ark|
|Total number of Commits||12720 Commits (71 Repositories)|
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Potential market and clients
The potential of ARK depends on how high the interest it building blockchain technologies will be.
Utility and economic dynamics
- ARK is used for voting/unvoting.
- Fees (for transactions, registering a delegate or 2nd passphrase) are paid in ARK.
- Forging increases the supply every day.