Bittime - Arcade, a leading NFT lending platform , has announced the official launch of its governance token, $ARCD, on the Ethereum mainnet . This move marks significant progress for Arcade, allowing broader participation in its governance processes.
Increased Rewards for ARCD Users
To drive user engagement and further fuel the growth of the Arcade ecosystem, the platform will distribute additional $ARCD rewards through various channels:
- dApp Arcade Users: Active dApp Arcade users will be eligible to earn $ARCD rewards through their participation in the platform.
- ARCD stakers: Users who choose to stake their $ARCD tokens will earn rewards based on the amount staked.
- $ARCD/wETH LP stakers: Liquidity providers who contribute to the $ARCD/wETH liquidity pool on Uniswap V2 will be rewarded with $ARCD tokens.
Check Today's Crypto Market:
| BTC/IDR | SOL/IDR |
| ETH/IDR | USDT/IDR |
| DOGE/IDR | ARB/IDR |
$ARCD/wETH Liquidity Pool
Source: @arcade_xyz/X
The introduction of the $ARCD/wETH liquidity pool in Uniswap V2 offers users the opportunity to provide liquidity and earn $ARCD rewards in return. This helps ensure smooth trading for $ARCD tokens and fosters a stronger ecosystem.
Also Read How to Buy Crypto:
Staking for Additional Benefits
Staking $ARCD allows users to earn points that can be exchanged for more $ARCD tokens. These points also serve as qualifications for future rewards offered by Arcade.
Multi-Tier Reward System
The current tiered reward system incentivizes borrowers and lenders on the platform by giving them points. The system is designed to include 10 levels, offering the potential to continually earn redeemable $ARCD points.
Conclusion
The inclusion of $ARCD on the Ethereum mainnet and the implementation of a comprehensive rewards program demonstrate Arcade's commitment to fostering an active and dynamic user base. This strategic move strengthens the foundation of the platform and paves the way for further growth in the NFT lending space.
Check Crypto Prices Today:
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Jupiter Launches JupSOL: Solana Based ESG Token, 0% Fees & 100% MEV Rewards
Ethena USDe Risk Analysis: Reserve Funds and Keep Rate Key to Success
Lucky Boo (BOO): Solana Memecoin Launched Following BONK and PEPE
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.