ARC Governance Coin Price & Market Data
ARC Governance price today is $0.970702 with a 24-hour trading volume of $102,024. ARCX price is down -5.5% in the last 24 hours. It has a circulating supply of 14 Million ARCX coins and a total supply of 35.3 Million. If you are looking to buy or sell ARC Governance, Uniswap (v3) is currently the most active exchange.
What is ARCx?
ARCx is a decentralized scoring protocol that powers on-chain identity through the issuance of a DeFi Passport.
The first page, or element, in the DeFi Passport is an on-chain credit score. This initial score is issued to an identity based on an assessment of the address’ on-chain activity. More details on this metric and its assessment are on a dedicated Wiki page describing the Credit Score.
What can I do with a DeFi Passport?
During Phase 1 of the launch, identities who have been issued their DeFi Passport can access ‘Passport Enabled Farms,' which exclusively offer high APYs that are incentivized by ARCx and our genesis launch partners.
With time, DeFi Passport holders will then be issued with a Credit Score which will mark the commencement of Phase 2. This Credit Score can then enable dynamic terms for borrowing depending on the borrower themselves.
ARCx Governance Token (ARCX)
The core function of the ARCx Governance Token is to be the governance mechanism for the ARCx protocol itself. The token is intended to align incentives between various stakeholders within the ecosystem to promote sustainable growth and fair governance.
The ARCx Governance Token currently allows token holders to vote on expenditure from the treasury. In the future, ARCx token holders will be able to vote to receive cash flows generated from the network and participate in native on-chain governance to upgrade the protocol itself.
The first stop in on-chain governance of ARCx is the community forum. An ARCx Improvement Proposal (AIP) should be born from open discussion within a post or on a new post, leading to a Work-in-progress (WIP) proposal, and finally an AIP in its final form to be voted upon. The ARCx DAO encourages you to create an account on the ARCx community forum and get involved.
A separate Wiki page for 'ARCX Tokenomics' lists all of the contract addresses related to the ARCx Governance Token. In order to get a better understanding of how ARCX works from an emissions and allocations perspective, please read the original announcement of the ARCx Governance Token.