Bittime - Aark Digital (AARK) is poised to revolutionize the DeFi space by leveraging LRT assets to increase liquidity for perpetual traders. The DEX platform allows any 'whitelisted' asset to be used as collateral in perpetual contract transactions, with the resulting profit or loss being calculated in US dollars.
What Is Digital ARK (AARK)?
Aark Digital is the first Leverage Everything Perpetual DEX designed for professional traders and liquidity providers (LPs) on Arbitrum. Aark's main vision is to find the best formula that combines the advantages of DEXs and CEXs.
Eventually, Aark will integrate all on-chain assets into a single liquidity pool to provide an unprecedented leverage experience. In the Aark ecosystem, LPs deposit capital to create pools that traders can use, while earning fees.
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When a trader opens a position, the liquidity pool automatically takes the opposite position without exception, so the trader trades against the liquidity pool. Market Makers (MM) mitigate the risk of LPs by taking advantage of arbitrage opportunities.
Unlike other platforms that limit the ratio of Open Interest to Total Value Locked (TVL) below 1:1, Aark can grow Open Interest more than ten times its TVL. This advantage results in much higher returns for LPs and creates a positive feedback loop that attracts more LPs and traders.
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What is AARK Token?
$AARK is the governance and utility token of Aark. The total supply of $AARK is 1,000,000,000 tokens. $AARK holders are entitled to benefits in the Aark ecosystem.
AARK Tokenomics:
- Ticker: AARK
- Type: Utility-token
- Token Standard: ERC-20
- Token Supply: 1,000,000,000 AARK
- Token price in USD: 1 AARK = $0.035 (Rp560)
- Blockchain Platform: Arbitrum
- Year of Registration: 2023
Token Distribution:
- Genesis Incentives: 7.2%
- Community Rewards: 29.4%
- Early Investors: 22.1%
- Team: 20%
- Ecosystem: 15%
- Public Sale: 1%
- Core Contributors: 3.4%
- Advisors: 1.9%
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Roadmap Aark Digital
Q4 2023 - Q1 2024:
- Early Bird ALP Season 2
- TP/SL Orders
- Token Mining
- Stats Page
- Rehypothecation in ALP
- Spot Trading
- Exotic Trading Pairs
- Mobile Trading
- Customized In-app Chats
How to Buy Crypto:
AARK Token Utility
The AARK token itself has several functions in the Aark Digital ecosystem as follows:
Token Governance
As the most important feature, $AARK token holders have the power to directly shape the future of the platform through a robust governance system. The system empowers stakeholders to propose and vote on changes to $AARK core protocol, ensuring the platform evolves according to the wishes of the community.
$AARK serves as the foundation of Aark's governance framework, ensuring the platform's efficiency, stability, and growth. This group of stakeholders, empowered by their $AARK holdings, has great power to shape the future of Aark.
Vesting
esAARK can be converted to $AARK by depositing in the vesting module. Once vesting begins, esAARK will be converted to $AARK every second for one year. esAARK that has been converted to $AARK can be claimed at any time. Undeposited esAARK for vesting will stop getting rewards.
The beauty of the Aark vesting module lies in the flexibility of its boosting system. Users have the option to stake AARK to speed up the vesting period. The more amount staked, the faster esAARK will be converted to $AARK while receiving additional Staking Rewards and esAARK Emission.
Fee Discount
Currently, traders get fee discounts only with their $AARK allocation. After the TGE, users need to stake to receive the discount.
Thus the explanation of Aark Digital and the AARK token along with the details of the token and its function. Hope it is useful!
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have a sufficient balance by depositing a certain amount of funds into the wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can only buy crypto assets on the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the 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.
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DISCLAIMER: This article is informational and does not constitute an offer or solicitation to sell or buy any crypto assets. Crypto asset trading is a high-risk activity. The price of crypto assets is volatile, where prices can change significantly over time and Bittime is not responsible for changes in fluctuations in the exchange rate of crypto assets.
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