With the rise in popularity of NFTs, cryptocurrencies, and blockchain that powers these concepts, investing in ‘Digital Assets’ has gained immense google searches since the late 2010s. People who are generally interested in investing and trading have started looking into these assets since it generates high returns in a very short period using the same buy-hold-sell game.
The most popular form of digital assets in cryptocurrencies. But digital assets are not limited to digital currencies only. It also includes digital coins (crypto tokens) or digital tokens, and other digital services and products.
We will be focusing on the Digital Tokens as a digital asset in this article and discuss ArGoApp’s digital token economy.
What are Digital Tokens?
Digital tokens are electronic units of data developed to determine the right to earn services and products or other rights. This is undertaken as synchronized with Token issuer who may offer these tokens via the Initial Coin Offering (ICO) process.
What is Initial Dex Offering (IDO)?
An initial dex offering (IDO) is the cryptocurrency industry’s equivalent to an initial public offering (IPO). A company looking to raise money to create a new coin, app, or service launches an IDO (earlier known as ICO) as a way to raise funds — Investopedia
For digital tokens, it determines the terms and conditions for the sale of tokens. These include the rights of benefits to the investors like the share of profits that could be obtained from the projects, or the right to acquire specific products or services, dissolution rights, etc as specified in the Litepaper.
How banks are leveraging the trend of digital assets?
Cryptos, digital tokens, and the blockchain technology powering them were invented to offer an option to the traditional banking system. Yet, financial institutions seem resolved to integrate these digital assets into their asset portfolios.
But banks see blockchain and digital assets as an opportunity than a threat to their existence — since it provides them with a possibility to be their bank and trade without the necessity for inter-mediation, which is a powerful value proposition.
But these things come with a risk of ensuring protection from operations, physical or cyber threats. Hence, if given a choice, people opt for banks that they trust with traditional assets. But they can also manage their digital assets, which do not differ much in terms of business opportunity they present to these financial institutions.
This will allow banks to create new product lines like trading new digital assets like digital tokens, lending, or providing management services for these digital assets, leading to a proper ‘digital stack’. These would be the tip of the iceberg in terms of how much could be leveraged from asset tokenization by these banks.
ArGoApp’s Token Economics
The native digital cryptographically-secured utility token of the ArGoApp Platform ($ARGO) is a transferable representation of attributed functions specified in the protocol/code of the ArGoApp Platform. It is designed to play a major role in the functioning of the ecosystem on the ArGoApp Platform and is intended to be used solely as the primary utility token on the platform.
A key principle behind the ArGoApp token economics is to make sure $ARGO token has utilization when using the ArGoApp Platform, and that is the goal of the $ARGO distribution.
$ARGO has a maximum supply of 100M which is utilized for ecosystem growth. The circulation volume of $ARGO will reach its max cap after 60 months when all locked tokens will be released. This token is only released for specific utilization purposes like marketing, grants, etc after the submitted proposal is passed by DAO voting.
All services and functionalities in the ArGoApp ecosystem require $ARGO. For example, ArGoApp provides a one-time payment for hosting web apps. A developer who wants to deploy their web apps via ArGoApp will only receive the service by paying using the native token. ArGoApp also provides a data storage service, which is also paid for using $ARGO.
By owning $ARGO, users of the platform automatically receive discounts on services and products provided by ArGoApp. The discounts are stored in the smart contracts and are given to all the users who have staked their $ARGO tokens in our smart contract. For example, a user who wants to deploy a web app or wants storage space from the platform will enjoy discounts proportional to the number of tokens staked. The discount system creates even more value for those with a long-term plan to use ArGoApp. You can get more information about our Token economy in our Litepaper.
How ArGoApp fits in the digital assets space?
ArGoApp is aiming to facilitate a marketplace that will allow users to drag & drop their data for storage, deploy them on blockchain & retrieve them whenever they want with just a few clicks & even fewer dollars. Users will be able to store data & digital assets like NFTs, PDFs, Presentations, Audio files, Images, Spreadsheets, Graphics, etc.
It will allow users to track & retrieve their stored data from one place without worrying about the underlying implementation. Users will be able to focus on building the platform with a focus on customer experience without worrying about storage & deployment mechanism with minimal costs & permanent solutions. ArGoApp will be able to provide a consistent developer experience & a standard token that will remove the inconvenience of maintaining several utility tokens, making it easier to build applications that exploit the tokenization of real-world assets and facilitate fractional ownership.
What ArGoApp does
ArGoApp makes front-end web deployment easy, effective, and efficient through its blockchain-based platform that takes your web app to the DSNs (Decentralized Storage Networks). ArGoApp 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:
ArGoApp CoinMarketCap Link:
ArGoApp DEX Tools:
ArGoApp CoinGecko Link:
You can find $ARGO tokens only on: