ArGo recently held its IDO, and the response from the community was overwhelming. The tremendous support witnessed was a vote of confidence in the network, even amidst the rising gas fees. $ARGO was able to hit 10x and are currently trading around 5x, defying the high gas fee and confirming the community’s confidence in the ArGo ecosystem.
Furthermore, with a sustained and positive number of transactions recorded in conjunction with the number of token holders, ArGo will use this newly found enthusiasm to provide the best blockchain hosting and storing services token of appreciation to the supportive community.
A new quagmire for token distribution
One of the greatest ironies in the blockchain ecosystem is the existence of centralized models. Despite the ethos of blockchain priding itself in decentralization and giving power to the people yet, for some reason, centralization still finds its way in the ecosystem.
For example, decentralized companies with their native tokens often dictate the parameters of token withdrawals during and after the fundraising stage. They decide when and how their investors and token holders can claim the rights to their tokens. Fortunately, innovative platforms, such as ArGo, occasionally pioneer functions that further decentralize the ecosystem-these new methods then act as a template for other decentralized platforms to use.
In ArGo’s case, our IDO launch created an opportunity to implement a new token distribution method that is more in line with the ethos of blockchain technology. The platform deployed a factory contract that creates vesting contracts for private investors and then transferred all the investor’s tokens into the vesting tokens, allowing investors to claim their tokens as per the vesting schedule. By doing so, ArGo ensures that token holders and investors own their tokens right from day one.
Moving away from centralized traps
When decentralized companies control their token distributions, it creates uncertainty for token holders and investors. Investors often have to approach the project team on release dates to get confirmation on token releases. On the other hand, token holders become uneasy, not knowing if these platforms will fulfill their roles. The overall effect is a damaged trust before the project even starts delivering on its set targets.
For decentralized companies, using a centralized form of token distribution also reduces efficiency and creates unnecessary burdens. In most cases, companies have to form a dedicated team that sorts out everything pertaining to token distribution, leading to extra costs. It also compromises some of the claims made by decentralized companies. Often, blockchain-based platforms claim 100% decentralization in their operations, yet their token distribution is as centralized as any other mainstream platform. The double-speak creates uncertainty in potential supporters of the project.
ArGo’s pioneering system will help propel blockchain to the next level. It negates all the highlighted problems that are almost certain in centralized token distribution. Companies will save on expenses and gain more time to improve their innovations, while users gain the advantage of owning the tokens by simply creating vesting contracts. The new relationship initiated by ArGo will breed more trust between the community and decentralized platforms.
Moreover, the sacrifice by ArGo and any other platform that decides to use vested contracts as precise indicators of the dedication decentralized platforms have in ensuring the success of the blockchain ecosystem.
Unfortunately, decentralized token distribution does not escape the inconvenience of gas fees. However, because users can select when to collect their tokens, the high gas fees can be avoided by strategically planning to claim tokens on low gas fee days.
ArGo’s interest will always mirror our community’s
ArGo values community feedback. It reveals what the community wants, making work easier for the platform. Recently, complaints on the high Ethereum gas fees from the ArGo community and the greater blockchain community prompted ArGo to provide a working solution that would significantly reduce gas fees when transacting $ARGO.
ArGo partnered with DFYN, which prevents fragmentation of liquidity across chains to improve price discovery. The partnership directly responds to the community’s request as ArGo seeks to keep its platform convenient, efficient, and hassle-free. This newly formed partnership will see ArGo leverage DFYN’s technical capabilities to avoid high gas fees on its platform.
The conclusion of the IDO is a prelude to what’s yet to come
The blockchain ecosystem is competitive and dynamic; only adapting platforms survive the change. ArGo has initiated another change that may cause some disruptions in the blockchain community, which is excellent considering the advantages decentralized token distribution confers to token holders and investors.
ArGo has also shown its commitment to blockchain and the community by adopting the decentralized format and quickly responding to the needs of their community. Just as our fundamentals are rooted in clear and inherent decentralization principles, we only make sure this applies to all aspects of the ArGo ecosystem.
What ArGo does
ArGo makes front-end web deployment easy, effective, and efficient through its blockchain-based platform that takes your web app to the DNS (Decentralized Storage Networks). ArGo removes the hurdles of centralization and censorship through blockchain, ensuring that your web app is permanently deployed and experiences 100% uptime throughout its life.
ARGO ERC20 Contract Address:
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ArGo Token Economics Links: https://docs.google.com/spreadsheets/d/1R2RURGtsJcp0fK4elikgyeiEQwlShy5aiW75JOzmRsA/edit#gid=1913920126
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