ArcBlock ABT ICO: Decentralized Blockchain Apps Ecosystem?
Many investors are entering on the cryptocurrency market right now. If you are one of them and you are looking for a company that works in the segment of creating new decentralized blockchain applications and programs, you have come to the right place. You know why? Because today we are going to review a company that works in this niche, ArcBlock.
What is ArcBlock ABT?
ArcBlock is the name of a start-up company which has created a platform (or an ecosystem, as the company prefers to call it) for the creation and deployment of decentralized blockchain applications, known more commonly as dapps. The platform will enable the creation of easy-to-use programs.
The company has detected a problem in the expansion of the industry: it is very hard to make a decentralized application and, without actual apps, people will not start to use cryptocurrencies massively as they should for this market to really develop itself.
How Does Arcblock Work?
It’s extremely important not to confuse ArcBlock’s tech with companies like Ethereum. ArcBlock’s objective is not to create new blockchains or to make companies use its own blockchain like it is the case for Ethereum.
The company wants to create solutions to be used in the current blockchains which are already in the market right now. One of the company’s focus will be to give the users a great user experience in the apps that it will help people to develop.
ArcBlock will work much more like a platform service than necessarily like a software program or a group of APIs. This company’s platform is the combination of blockchain technology and cloud computing to develop comprehensive solutions that will drive the industry to create more interesting dapps.
The big idea is that ArcBlock, Inc. and ArcBlock Foundation, the companies behind the platform, will only jump-start the creation of a community which will live on its own after a while. The developers and users of the platform will have the freedom to create their decentralized apps by themselves without necessarily having to centralize the creation in the main companies that created the platform.
The currency that will be used in the Arcblock platform will be the ABT tokens. These ABT tokens will fuel the platform because you will have to use them to pay for the services and people who contribute to the system, the “miners”, will also be rewarded with a certain number of ABT tokens.
It is important to notice that the miners are not really miners like in the Bitcoin ecosystem. All the tokens are pre-mined and the “miners” are rewarded with tokens by the company for offering resources that are used in the platform, not for the mining itself.
How to Invest in Arcblock?
If you are interested in ArcBlock’s platform, you can invest in this company by buying its ABT tokens during the upcoming Initial Coin Offering (ICO). The private sale is already happening right now, but the applications are already over, so you have to wait for the main public sale to buy the ABT tokens if you want them. This sale will begin on February 3.
You can use ETH and CMT to buy ABT tokens. The minimum is 0.1 ETH / 200 CMT and the maximum per investor is 50 ETH / 150,000 CMT. The tokens are ERC20 tokens, so you will need an Ethereum wallet for them. Fiat currency will not be accepted in this ICO.
It is important that you register before you actually buy the ABT tokens. You will have to use your information and not be from countries which do not accept ICOs: China, United States, Canada, South Korea and Canada.
The ArcBlock ABT ICO Verdict
Is ArcBlock the right company for you? That really depends a lot on you and whether you would want to use its platform to create decentralized apps or not. If you liked the platform, we would surely recommend that you should invest in ArcBlock because the company looks good. It looks legit, the creators seem trustworthy and all that.
In the case that you only want ArcBlock’s tokens to sell them first, you have to think well. Will the ABT tokens get a good price later? We think that there is a good chance of that happening, but you have to make your own decisions.
In the end, it is up to you investing in ArcBlock or not. This is a company with a good plan for a decentralized platform, so if you want to invest in it, we certain agree that you can do that without problems.