🎁🚀[BOUNTY+REFERRAL] [10 MILLION IN 2 WEEKS] Share more to win more 🎁🚀

[aster123]

WEBSITE | TWITTER | TELEGRAM | BLOG | CAMPAIGN  

ArcaFX is conducting a Referral Contest to celebrate the launch of the exchange.
Top referrers of the campaign will be handsomely rewarded. (Symbol: ARCA)

A total of 10,000,000 ARCA tokens (initial token price $25,000) will be staked for the prize pool of the Referral Contest

The program will run from 3/14 to 3/28 UTC 12AM. The reward will be paid 2 weeks after the end of the campaign.

Prize distribution


To participate or check your standings in the campaign, please input your email and Telegram ID in the required fields in the campaign dashboard

GENERAL RULE: All participants must join ArcaFX official Telegram group


To participate:

1. Join ArcaFX Telegram group: http://telegram.me/officialArcaFX

2. Visit ArcaFX referral contest site (https://campaign.arcafx.com) or through your referrer’s link.

3. Input the Telegram ID that you have used to join ArcaFX Telegram group. Following that, enter your email to join the whitelist.
*Note: One unique Telegram ID and email address for one sign up, repeated entries will be disqualified

4. A confirmation email will be sent to you. In case you don't see the email in the inbox, please check the spam folder.

5. Click the URL in the email and you will be directed to a campaign dashboard that displays your points and ranking against other participants of the campaign.

6. Follow our Twitter or Weibo accounts to gain more points and for new updates.

7. Copy and share your unique referral URL with your friends to earn more points.

Contest Rules:

1. Participants MUST join the ArcaFX official Telegram group to qualify

2. One unique Telegram ID and email address for one sign up, repeated entries will be disqualified

3. Duplicated IP addresses will automatically be disqualified from the contest

4. Only direct referrals count towards your point

5. The rewards will be distributed TWO weeks after the conclusion of the contest

6. ARCA rewards will be credited directly into participants' account on ArcaFX (registered with the same email address)

7. ArcaFX reserves the rights to disqualify any participant

About ArcaFX

Arca Futures Exchange (ArcaFX) is a derivatives cryptocurrency exchange that allows up to 100x leverage for its contracts.
In the heart of the ArcaFX digital asset ecosystem is the ARCA token, which subjects holders the privilege to participate in the token buyback scheme.

Highlights
1. Perpetual contracts and spot exchange for ARCA/BTC pair as the 2 products on ArcaFX

2. ARCA, the native token of ArcaFX, and buyback mechanism will be implemented to ensure consistent financial growth for the token

3. High speed exchange, designed to eliminate downtime

[chitamita]

This is an exchange? What is the main selling point of this exchange comparing to what we have right now (e.g. Binance, Coinbase etc)? When is the launch date so we can check it out?

[aster123]

This is an exchange? What is the main selling point of this exchange comparing to what we have right now (e.g. Binance, Coinbase etc)? When is the launch date so we can check it out?

Yup, it's a derivative exchange that offers perpetual contracts with up to 100x leverage. Binance and Coinbase are spot exchanges, while ArcaFX is a futures exchange that facilitate the trading of contracts. The exchange is scheduled to launch in late March, approximately 1 week away.

About the selling point, this exchange will issue its own native token called ARCA. With it, ArcaFX employs a unique economic model, in that it will use a sizable portion of the revenue from transaction fees to buy back tokens. In other words, this means that token holders are subject to exchange buybacks, and could potentially profit from the buyback by holding tokens.

You might want to check out the exchange's introductory post: https://medium.com/@arcafx/arcafx-introduction-9ffd8b647fea

[chitamita]

This is an exchange? What is the main selling point of this exchange comparing to what we have right now (e.g. Binance, Coinbase etc)? When is the launch date so we can check it out?

Yup, it's a derivative exchange that offers perpetual contracts with up to 100x leverage. Binance and Coinbase are spot exchanges, while ArcaFX is a futures exchange that facilitate the trading of contracts. The exchange is scheduled to launch in late March, approximately 1 week away.

About the selling point, this exchange will issue its own native token called ARCA. With it, ArcaFX employs a unique economic model, in that it will use a sizable portion of the revenue from transaction fees to buy back tokens. In other words, this means that token holders are subject to exchange buybacks, and could potentially profit from the buyback by holding tokens.

You might want to check out the exchange's introductory post: https://medium.com/@arcafx/arcafx-introduction-9ffd8b647fea

I read in the medium article that you will be doing buyback of tokens, how is this arranged? And how often is this buyback gonna take place?

[aster123]

I read in the medium article that you will be doing buyback of tokens, how is this arranged? And how often is this buyback gonna take place?

Yes, the exchange will be conducting token buyback. Tokens bought will be burned, so as to reduce the circulating supply.
Our platform has a spot exchange, and token holders can place sell order on the spot exchange for BTC.

The buyback is subject to liquidity of the exchange. The exchange will buy ARCA tokens from the orderbook of the spot, from token holders.

[chitamita]

I read in the medium article that you will be doing buyback of tokens, how is this arranged? And how often is this buyback gonna take place?

Yes, the exchange will be conducting token buyback. Tokens bought will be burned, so as to reduce the circulating supply.
Our platform has a spot exchange, and token holders can place sell order on the spot exchange for BTC.

The buyback is subject to liquidity of the exchange. The exchange will buy ARCA tokens from the orderbook of the spot, from token holders.

So that means if i manage to win in this contest and get some ARCA, i will have to place the sell orders for ARCA in the spot exchange?

[aster123]

So that means if i manage to win in this contest and get some ARCA, i will have to place the sell orders for ARCA in the spot exchange?

Yes, if you get your ARCA tokens from the contest, you can sell it on ArcaFX spot exchange. That said, the details on how to acquire ARCA tokens will be released in the coming weeks. So the contest is just the first way of getting ARCA tokens. More to come!

[cdlbank]

I read in the medium article that you will be doing buyback of tokens, how is this arranged? And how often is this buyback gonna take place?

Yes, the exchange will be conducting token buyback. Tokens bought will be burned, so as to reduce the circulating supply.
Our platform has a spot exchange, and token holders can place sell order on the spot exchange for BTC.

The buyback is subject to liquidity of the exchange. The exchange will buy ARCA tokens from the orderbook of the spot, from token holders.

Lol, why do buyback?

[aster123]

Lol, why do buyback?

Bbuyback because the observation is that tokens with buyback mechanisms have outperformed other economic models, in terms of financial returns and engagement. In ArcaFX case, a portion of the revenue will be allocates to buyback tokens to burn.

As an example, supposed that the starting rate of the token is $1 and there are 10 tokens in circulation. One day, the exchange gains $100 in trading revenue, and spends 50% of it ($50) to buyback existing tokens. When the exchange uses $50 to buy back 10 units of tokens in circulation, the worth of one token increases to $5. Of course, this is a simple illustration of buyback scheme, but the idea behind it should be consistent with our implementation.

At the time of writing, there are a lot of utility tokens that have yet to deliver, and token holders are the ultimate victims of such failures. Unlike them, ArcaFX wants to differentiate from others by implementing a proven and functional token model that allows holders to reap the benefits of holding.

[cdlbank]

Lol, why do buyback?

We chose to do buyback because we've observed that tokens with buyback mechanisms have outperformed other economic models, in terms of financial returns and engagement. In our case, we'll allocate a portion of our revenue to buyback tokens to burn.

As an example, supposed that the starting rate of the token is $1 and there are 10 tokens in circulation. One day, the exchange gains $100 in trading revenue, and spends 50% of it ($50) to buyback existing tokens. When the exchange uses $50 to buy back 10 units of tokens in circulation, the worth of one token increases to $5. Of course, this is a simple illustration of buyback scheme, but the idea behind it should be consistent with our implementation.

Looking around us, there are a lot of utility tokens that have yet to deliver, and token holders are the ultimate victims of such failures. Unlike them, we want to differentiate ourselves with a proven and functional token model that allows holders to reap the benefits of holding.

What about the token? Total supply? More information please.

[aster123]

What about the token? Total supply? More information please.

Total supply of ARCA token is 10 billion units.

[cdlbank]

What about the token? Total supply? More information please.

Total supply of ARCA token is 10 billion units.

More information? like distribution plan, allocation, price?

[aster123]

More information? like distribution plan, allocation, price?

So of the 10 billion tokens that will be minted, 2 billion out for public circulation. The remaining will be vested over the next 2 years to encourage adoption.

[chitamita]

So that means if i manage to win in this contest and get some ARCA, i will have to place the sell orders for ARCA in the spot exchange?

Yes, if you get your ARCA tokens from the contest, you can sell it on ArcaFX spot exchange. That said, we'll be detailing the ways of acquiring ARCA tokens in the coming weeks. So the contest is just the first way of getting ARCA tokens. More to come!

Hey thanks for the answer and sorry for asking so many questions, just trying to decide whether to join or not.
What tokens will be supported on launch?

[aster123]

Hey thanks for the answer and sorry for asking so many questions, just trying to decide whether to join or not.
What tokens will be supported on launch?

Hey, no worries. ArcaFX will have 2 products to begin with, perpetual swap and spot exchange. For perpetual swap, it'll be BTC/USD contracts in the first phase. For this product, the contracts can leverage up to 100x. More contracts would be added subsequently.

The spot exchange will be a platform for ARCA/BTC pair, so that the exchange can purchase ARCA tokens from holders through the buyback scheme. No other tokens will be supported during our initial phase.

[chitamita]

Hey thanks for the answer and sorry for asking so many questions, just trying to decide whether to join or not.
What tokens will be supported on launch?

Hey, no worries. Our exchange platform will have 2 products to begin with, perpetual swap and spot exchange. For perpetual swap, it'll be BTC/USD contracts in the first phase. For this product, the contracts can leverage up to 100x. More contracts would be added subsequently.

For the spot exchange, we had intended for it to be a platform for ARCA/BTC pair, so that the exchange can purchase ARCA tokens from holders through the buyback scheme. No other tokens will be supported during our initial phase.

Hey thanks for the answer and sorry for asking so many questions, just trying to decide whether to join or not.
What tokens will be supported on launch?

Hey, no worries. Our exchange platform will have 2 products to begin with, perpetual swap and spot exchange. For perpetual swap, it'll be BTC/USD contracts in the first phase. For this product, the contracts can leverage up to 100x. More contracts would be added subsequently.

For the spot exchange, we had intended for it to be a platform for ARCA/BTC pair, so that the exchange can purchase ARCA tokens from holders through the buyback scheme. No other tokens will be supported during our initial phase.

What is perpetual swap? so I can buy bitcoin with what currency? is there fiat deposit?

[aster123]

What is perpetual swap? so I can buy bitcoin with what currency? is there fiat deposit?

Perpetual swap is a form of derivatives. It's much like futures, and it allows for leveraged positions, with the main difference being the absence of contract expiration. So, traders can keep trading the contracts.

And not, Bitcoin is the only currency for our perpetual contracts, no other currencies involved.

[cdlbank]

More information? like distribution plan, allocation, price?

So of the 10 billion tokens that will be minted, 2 billion out for public circulation. The remaining will be vested over the next 2 years to encourage adoption.

When listing of ARCA at other markets sir?

[aster123]

When listing of ARCA at other markets sir?

ARCA tokens will not be listed on other exchanges. That said, the token will be deposited to account in the exchange upon registration.

[aster123]

 

Thank you. Hope you are as excited about the exchange and ARCA token as we are.