Skip to content

Latest commit

 

History

History
143 lines (115 loc) · 7.38 KB

whitepaper.md

File metadata and controls

143 lines (115 loc) · 7.38 KB
Raw

AnarCoin Dextools Banner

AnarCoin 3.0 or PUTSCH Token Whitepaper

Abstract

AnarCoin 3.0 (symbol: PUTSCH) is a decentralized utility token built on the Solana blockchain designed to facilitate transactions within a growing ecosystem focused on decentralized finance (DeFi), NFTs, staking, and ecosystem growth. This token integrates advanced features such as transaction fees, governance mechanisms, and staking rewards to enhance utility, scalability, and user engagement.

1. Introduction

The emergence of blockchain technology has transformed how value is transferred and stored, enabling decentralized financial systems and applications. AnArKi Token seeks to build on this innovation by creating a versatile token with a focus on financial inclusion, transparent governance, and cross-platform utility. AnArKi Token is a Solana-based token, allowing for low-cost, high-speed transactions while enabling decentralized applications (dApps) to integrate its functionality seamlessly.

Key Objectives:

  • Low-Cost Transactions: Achieve low transaction costs using Solana’s high throughput and scalability.
  • Governance Mechanism: Allow token holders to participate in key project decisions.
  • Rewards & Staking: Implement staking rewards for holders to incentivize long-term investment in the ecosystem.

2. AnArKi Token Overview

Token Details:

  • Token Name: AnarCoin 3.0
  • Symbol: PUTSCH
  • Blockchain: Solana
  • Token Standard: SPL Token
  • Total Supply: 1,000,000,666 AnArKi
  • Decimals: 9

Token Distribution:

  • Public Sale: 30%
  • Team and Advisors: 20%
  • Staking Rewards: 20%
  • Partnerships and Ecosystem Development: 10%
  • Treasury: 10%
  • Liquidity: 10%

Key Features:

  • Token Extensions

3. Problem Statement

Many existing tokens face challenges in transaction speed, fees, and governance centralization. While platforms like Ethereum have established themselves in the blockchain space, they suffer from high fees and network congestion. AnArKi Token, built on Solana, addresses these challenges while providing a platform that encourages active participation, decentralization, and scalability.

4. Solution: AnArKi Token’s Ecosystem

A. Use Cases

AnArKi Token will serve multiple purposes within its ecosystem, including:

  1. Medium of Exchange: Facilitates transactions within decentralized applications (dApps) and partners.
  2. Staking and Rewards: Provides staking rewards for long-term holders and liquidity providers.

5. Technical Architecture

AnArKi Token will leverage Solana's blockchain for its high throughput and low-latency transaction capabilities. Solana’s consensus mechanism, Proof of History (PoH), ensures that transactions are both quick and secure.

Smart Contracts & Token Standard:

  • The AnArKi Token is based on the SPL Token Standard, which is the standard for token creation on Solana.
  • The token’s smart contracts will handle:
    • Token transfers
    • Staking
    • Governance voting

Security Considerations:

  • Audits: All smart contracts will be audited by a third-party security firm to ensure code security and prevent vulnerabilities.
  • Multi-Signature Wallets: Key treasury functions will be protected using multi-signature wallets, requiring multiple signers to perform critical functions.

6. Roadmap

Phase 1: Foundation (Q4 2024)

  • Token creation and smart contract deployment.
  • Initial marketing and community building.
  • Partner integrations for staking and liquidity.

Phase 2: Platform Launch (Q1 2025)

  • Launch of staking platform.
  • Introduction of governance model.
  • First token burns and staking rewards distribution.

Phase 3: Ecosystem Expansion (Q2-Q3 2025)

  • Listing on decentralized exchanges (DEXs).
  • Expansion of use cases in DeFi, NFTs, and gaming.
  • Ongoing governance and community-driven proposals.

Phase 4: Global Adoption (Q4 2025)

  • Full integration with decentralized applications (dApps).
  • Cross-chain interoperability.
  • Continuous protocol upgrades and scaling solutions.

7. Governance Model

AnArKi Token utilizes a decentralized autonomous organization (DAO) model, allowing token holders to vote on significant protocol decisions. The governance system will:

  • Allow proposals from any token holder with a certain threshold of tokens.
  • Use a weighted voting system based on token ownership.
  • Enable staking rewards and community incentives to foster engagement.

8. Tokenomics

Circulating Supply:

  • Initially, a portion of the total supply will be made available for the public sale and partnerships.
  • A portion will remain locked up for staking rewards and ecosystem development.

Incentives for Holders:

  • Stakers receive rewards from the transaction fees.
  • Governance participants have the opportunity to vote on protocol upgrades.

Deflationary Mechanisms:

  • Burning Mechanism: Periodic burns will decrease supply over time, increasing scarcity and potentially driving up token value.

9. Risk Factors

While AnArKi Token offers promising opportunities, the following risks should be considered:

  • Smart Contract Bugs: Any vulnerability in smart contracts could lead to loss of funds.
  • Market Volatility: Cryptocurrency markets are highly volatile, and the token value could fluctuate.
  • Regulatory Risk: Changes in regulations could impact the project’s ability to operate in certain jurisdictions.

10. Conclusion

AnArKi Token seeks to become a vital component of the Solana ecosystem by addressing key issues such as scalability, low transaction costs, and decentralized governance. With a robust tokenomics model, a commitment to security, and continuous development, AnArKi Token aims to drive innovation and provide sustainable value to its community.

Links

Analytics

License

MIT License

Tags

  • crypto
  • decentralized
  • community
  • blockchain
  • solana
  • anarcoin
  • anarcoin collective
  • anarchy
  • cryptocurrency
  • revolution
  • PUTSCH