Deep Dive on Archway and the ARCH token

In the world of blockchain and decentralized applications (dApps), innovation knows no bounds. Developers and builders are the backbone of this transformative technology, and their contributions should be recognized and rewarded. Archway, a Cosmos L1 chain, is having a revolutionary approach to incentivize and empower developers.

At its core, Archway is designed to reward developers and builders for the value they bring to the protocol. It's not just about validators or miners : it's about acknowledging the entire ecosystem of dApps that generate substantial value on blockchain networks like Ethereum.

Blockchain Empowerment That Rewards Developers

Archway's mission is to create a developer-first ecosystem where architects can design and manifest their dApps according to their terms, as Griffin Anderson stated in a Cosmos Club X space. One standout feature is the ability for developers to define the fees associated with interactions within their dApps. This level of freedom and flexibility empowers developers to adapt their fee structures to various use cases and operational requirements.

To enhance the user experience, Archway bundles these fees into a single, seamless transaction. This simplifies interactions for end-users and reduces friction, making it easier for developers to monetize their dApps.

Archway goes beyond traditional dApp development by enabling multiple dApps to integrate a single smart contract, allowing developers to earn revenue from various sources with a single piece of code. This innovation encourages composability, faster iteration cycles, and more innovation within the ecosystem.

Archway's developer-centric approach is underpinned by its innovative Sustainable Rewards Model, which consists of several key components designed to empower developers and ensure the sustainability of their projects.

One of these components is the Gas Fee Rebates feature. Archway takes the collected gas fees and divides them equitably between dapp developers and the rest is burned. This equitable distribution ensures that developers receive their fair share of the rewards, providing them with a consistent stream of income.

Another crucial element of the Sustainable Rewards Model is Inflationary Rewards. In this system, a portion of the total network inflation rewards is directly allocated to dApps. This approach ensures that developers can count on ongoing revenue streams, reducing the uncertainty often associated with traditional funding models.

Furthermore, Archway introduces the concept of Smart Contract Premiums. Developers are given the flexibility to set custom fees for interactions with their smart contracts. This feature allows developers to tailor their fee structures to cover additional costs or accommodate specific use cases, enhancing the adaptability of their projects.

By implementing these reward mechanisms, Archway aims to provide a sustainable source of income for developers, eliminating the uncertainty associated with traditional funding models like grants.

Archway's Sustainable Rewards Model

Moreover, Archway's native token, ARCH, offers a unique opportunity for developers. With a tokenomics structure similar to ATOM, developers can expect annual inflation rewards between 7% to 20%. At the genesis of the network, 25% of ARCH tokens will be allocated to dApps, ensuring developers receive a substantial portion of the rewards.

Archway's commitment to balanced resource distribution is evident in its sharing of a percentage of the network's token inflation with DApps. Allocating 25% of the inflation to DApp developers and 75% to validators ensures an equilibrium in network resources, actively incentivizing participation.

A visual comparison of gas distribution on Ethereum, Cosmos Hub, and Archway is as follows:

Archway's Ecosystem

Archway is already gaining a lot of traction from developers and builders with a vibrant ecosystem. Here are some of the most exciting dapps and projects. we see getting built on Archway:

ArchID

ArchID is a web3 domain name system built for Archway Network. When someone asks you who you are, you don’t answer with the number on your ID, you use your name. ArchID is who you are in Archway, a name for your address, and so much more.

What makes ArchID special is its core features which are not available from other web3 name services. These features are:

• NFTs with updatable metadata

• Support for subdomains

Liquid Finance

Liquid Finance is a liquid staking derivatives platform native to Archway. When users stake through Liquid Finance, their staking rewards are autocompounded and reflected through the value of their staking derivative, sArch. This token holds value within both the Archway ecosystem and the wider Cosmos network. Additionally, users have the option to immediately withdraw their staked assets for a minor fee, forgoing the unbonding periods that traditionally burden native staking.

We hosted Liquid Finance on a space here that is also available on all your favourite podcast platforms such as Spotify, Google Podcast and Apple Music.

Astrovault

Astrovault is a re-envisioned AMM that fixes a core problem — most AMMs are not economically viable. Astrovault protocol is built on its own proprietary model — a hybrid AMM built from the ground up. Astrovault incorporates slippage-free 1:1 trades alongside the traditional AMM model, and utilises staking derivatives as base trading pairs.

Astrovault is built as a Layer-2 application on the Archway chain in the Cosmos ecosystem with three core features in mind:

• External Revenue: The AXV DAO earns revenue from outside its user base, harvesting inflation from Cosmos layer-1 chains

• Volume Incentive: Astrovault directly capitalises on DEX volume and rewards traders. GRVT8 can be redeemed to reimburse trade fees

• Sustainability: All Nebula Standard pool fees automatically buyback and burn the AXV token. All Plasma Stable pool fees are retained as Protocol Owned Liquidity

We hosted Liquid Finance on a space here that is also available on all your favourite podcast platforms such as Spotify, Google Podcast and Apple Music.

The ARCH token

The Archway protocol seeks to set itself apart from its competitors by prioritizing the development of an economically sustainable token model for ARCH, the native governance token of the Archway protocol.

The distribution of the ARCH token:

A few points to take note of for the ARCH:

• Ticker: ARCH

• ICO Price: $0.2

• Total supply: 1 billion ARCH

The total supply of the ARCH token increases between 7–20% annually, depending on the amount of tokens staked. 25% of Arch token inflation will go to developers relative to the gas fees generated by each given smart contract they have deployed.

Conclusion

In summary, Archway breaking blockchain ground by placing developers at the forefront of blockchain innovation. By allowing them to define their fee structures, integrating multiple revenue streams, and offering a sustainable rewards model, Archway empowers developers to succeed in the world of decentralized applications. The future of blockchain development is evolving, and Archway is leading the way in creating a developer-friendly ecosystem that values their contributions and rewards them accordingly.