What is ARC Token: Surpassing a 50 Million Market Cap

12/23/2024, 4:45:44 AM
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This article introduces the founding team, project background, technical platform, and market performance of ARC Token. The ARC team is committed to promoting the deep integration of AI and blockchain through decentralized and high-performance blockchain technology, creating an open, collaborative digital ecosystem. The AI framework RIG (Rust Inference gateway) developed based on the Rust language can effectively improve AI computing efficiency and security. Since its token was launched, ARC has quickly gained market recognition, with a market capitalization reaching 50 million US dollars at one point, attracting wide attention. In the era of AI and meme culture integration, successful AI tokens require high thresholds, and the issuance of coins by professional teams like ARC heralds the participation of more professional teams in this field in the future.

Founding Team and Project Background

The vision of the ARC team is to create an open and secure digital ecosystem by combining decentralized blockchain technology with efficient AI computing frameworks.Official Website“we build rig, rig builds us” indicates that its founding team comes fromPlaygrounds0xGate.io, the birthplace of the RIG (Rust Inference Gateway) framework. The developers of Playgrounds0x have a rich background in blockchain technology and have accumulated over 1200 starred code contributions on GitHub, demonstrating their deep technical expertise.

The team hopes to promote the deep integration of AI and blockchain technology through decentralized infrastructure, helping developers and creators build intelligent applications, and ultimately achieve a more intelligent and collaborative digital world. In their concept, decentralization is not only a choice of technical architecture, but also a choice of culture and social system. ARC hopes to provide a transparent, fair, and efficient intelligent solution for global users, allowing everyone to participate and jointly promote the decentralized future.


Source: Official Website(https://www.arc.fun/manifesto.html)

Token Distribution

According to the official website, the distribution overview of ARC tokens is as follows.

Circulating Supply (90%)
Most tokens (90%) are allocated to the circulating market, ensuring widespread distribution and initial ownership by the community. This design can reduce the centralization risk of token holding, increase market liquidity, and ensure a fair launch.

ARC Prize Pool & Treasury (5.5%)
About 5.5% of the tokens are allocated to the reward pool and treasury, to incentivize users and contributors participating in the ARC experiment. This allocation is aimed at promoting the vitality and growth of the ecosystem, encouraging active user participation, and rewarding contributors driving ecosystem development.

Team Allocation (Team, 4.5%)
The team will receive 4.5% of the tokens to support the continuous development of the RIG framework, ARC ecosystem, and community. This allocation ensures that the team can focus on long-term technical and ecological development.

The tokens allocated to the team will be escrowed and locked for one year, using a linear release mechanism to ensure the team’s long-term goals are aligned with the project’s development, avoiding short-term market fluctuations or team selling risks. ARC also has a reward pool token distribution, with tokens from the reward pool being distributed to winners and participants at the end of each ARC experiment, ensuring a sustainable incentive mechanism for the ecosystem.

The token distribution of ARC Token reflects a balance of fairness and long-term development. From distribution ratio to lock-up mechanism, ARC is designed to ensure community participation, market liquidity, and long-term contribution of the team. This token distribution strategy is not only suitable for incentivizing community development, but also lays a solid economic foundation for the future growth of the project.


Source: Official Website (https://www.arc.fun/tokenomics.html)

“RIG (Rust Inference gateway)” platform

RIG (Rust Inference gateway) is an AI computing framework based on Rust language, designed with efficient computing, security, and scalability as core principles. Unlike the commonly used Python in traditional AI development, Rust language is known for its high performance and memory safety, demonstrating outstanding advantages in large-scale data processing and computing tasks.

Three Core Advantages of RIG

  1. High performance: Rust language has a natural advantage in memory management, which enables the RIG platform to consume fewer resources and greatly improve computational speed when handling AI tasks.
  2. High security: Rust’s memory safety features can effectively prevent common security vulnerabilities in traditional programming languages, especially significantly reducing potential risks when dealing with large-scale data.
  3. Decentralized Ecosystem: RIG is not just an AI development framework, but also dedicated to building a decentralized AI computing ecosystem, providing developers with a more transparent and fair computing environment.

The goal of RIG is to transform AI computing from the laboratory environment into practical productivity tools, driving the widespread application of AI technology. It enables AI developers to build intelligent applications with lower costs and higher efficiency, injecting new vitality into the entire AI industry.

Simply put, Rust language is a tool tailored for AI computing, and the RIG platform fully leverages Rust’s strengths, laying a solid technical foundation for the construction of decentralized AI ecosystem.

Market Performance

Since the release of the token contract, ARC has achieved a market capitalization of nearly 30 million dollars in less than half a day, reaching a peak of 50 million dollars. The high market popularity is not only due to its grand ultimate vision, as described on its official website, but also to the founding team of RIG.Playgrounds0xand founder0thTachiAfter the token information was released, the tweet was forwarded with the caption ‘we’re here to make you take the red pill. then, the blue pill.’ (This is a reference to the red and blue pills in The Matrix, where the red pill symbolizes revealing unsettling truth and harsh reality, while the blue pill symbolizes remaining ignorant and continuing an ordinary life). It was claimed by the official team, and the market sentiment immediately fomo, also pushing the market capitalization of ARC to a climax.


Source: Official Twitter Account

Summary

In the current context of deep integration between AI and meme culture, the market is filled with various risks and opportunities. In this environment, tokens issued by professional AI teams, such as ARC, have quickly broken through the numerous barriers in the market and achieved rapid growth in market capitalization, thanks to their solid technical foundation, team background, healthy token distribution, and lock-up mechanism. The success of ARC token not only reflects market recognition, but also indicates that with the entry of more professional teams, the future AI token market will present a more diversified and professional trend. Therefore, paying attention to the dynamics of these professional teams is crucial for both investors and industry practitioners.

Author: Max
Reviewer(s): Wayne
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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