Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure
ArthSwap news
About ArthSwap
What Is ArthSwap (ARSW)?
ArthSwap is a decentralized finance (DeFi) platform designed to facilitate seamless asset trading and liquidity provision on Astar Network (Polkadot) and Astar zkEVM (Ethereum). We aim to become “Defi Hub connecting Polkadot and Ethereum”.
ARSW is the native utility token that is used for governance voting to influence the platform’s development and resource allocation. For example, the user or the protocol can decide the allocation of farming rewards for each pool so that they can make incentives to their tokens by themselves.
ArthSwap is basically Uniswap v3 model AMM and includes:
* Swap any tokens on Polkadot and Ethereum ecosystem
* Add liquidity and earn rewards from trading volume
* Launchpad and IDO
How Many ARSW Tokens Are There in Circulation?
The initial total supply, 1B ARSW, has already been issued and is now circulating. ARSW token is deflationary token by buy-back and burn mechanism from trading volume and the rewards in dApp Staking which is the unique feature of Astar Network. We will conduct the burn event regularly like quarterly bases.
What is “Burn ARSW”?
Coin burning is the process of permanently removing cryptocurrencies from circulation, reducing the total supply.
By making the coin scarcer, coin burning aims to create a deflationary effect and potentially increases the coin’s valuation to benefit its holders. For ARSW, the goal of coin-burning events is to gradually reduce its total supply until it’s under 500 million ARSW. (50% of max supply)
With the rise of DeFi protocols, coin burning has become more common in the blockchain space. For example, ASTR has the burn mechanism and aims to become a deflationary token, and the other tokens like ETH, BNB, QUICK, etc are also focusing on burning their tokens.
How is ARSW Burned?
ARSW is the governance token that powers the ArthSwap and Astar ecosystem. The initial total supply was 1,000,000,000 ARSW but it is gradually decreasing through coin burns. The burning events will happen until 50% of the total supply is destroyed, reducing it to under 500,000,000 ARSW.
There are two methods to burn ARSW. The first method consists of quarterly ARSW burning events. The second involves burning a portion of the ARSW buy-backed by the portion of the trading volume. All these activities are done under DAO, the voting system with ARSW tokens.
Who Are the Founders of ArthSwap?
ArthSwap was founded by a team of cryptocurrency enthusiasts and software developers who have extensive backgrounds in blockchain technology and finance. The founders have previously contributed to various blockchain projects and have a deep understanding of DeFi ecosystems.
Where Can I Buy ArthSwap (ARSW)?
ARSW tokens are available for trading on several leading cryptocurrency exchanges. These exchanges offer pairs of ARSW with major cryptocurrencies and stablecoins. You can find ARSW on platforms like Gate.io and ArthSwap itself.
The live ArthSwap price today is $0.000488 USD with a 24-hour trading volume of $639.97 USD. We update our ARSW to USD price in real-time. ArthSwap is up 0.06% in the last 24 hours. The current CoinMarketCap ranking is #5707, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 ARSW coins.
If you would like to know where to buy ArthSwap at the current rate, the top cryptocurrency exchange for trading in ArthSwap stock is currently Gate.io. You can find others listed on our crypto exchanges page.