ArGo to launch IDO on Ignition!
It’s that time again! Welcome, ArGo, a decentralized web app deployment and hosting platform that is built on blockchain technology called Arweave Permaweb — a decentralized cloud platform. We are excited to add another Master Ventures FUEL incubation project to our list of IDOs on Ignition!
- Whitelist Open: April 27, 2021
- Whitelist Close: May 5, 2021, 4AM UTC
- ArGo IDO: May 12, 2021, 11AM UTC
Whitelist for ArGo is now closed.
What is ArGo?
The Internet seems decentralized on the surface, but much of it is controlled and censored by governments and select corporates.
But DeFi’s continued growth signals that centralized proprietary services can soon be replaced by decentralized, peer-to-peer markets.
ArGo believes the Internet should follow suit with decentralized web hosting.
ArGo is an easy to use decentralized web app deployment and hosting platform that is built on blockchain technology known as the Arweave Permaweb. Arweave Permaweb is a decentralized cloud platform that supports developers with multiple tools and aligns with the internet’s vision of true permanence and censorship resistance.
Users who deploy apps or websites on ArGo are charged just once, and don’t incur recurring server hosting, security, and database costs. ArGo’s use of miner hosting space also allows users to store their business or ideas on the internet permanently.
All in all, ArGo’s decentralized hosting provides users with more security, privacy, and reliability — all at a lower cost.
How It Works
ArGo is built on Arweave Protocol, which keeps a sustainable and permanent ledger of all knowledge and history on it. All content stored on Arweave is immutable and tamper proof. Arweave is immutable because it timestamps everything, and is accurate down to the minute thanks to ArGo’s newly iterated blockweave data structure. The inclusion of transaction data inside block hashes and recall blocks ensures data remains unalterable during storage or retrieval, and is available within the network at any time.
ArGo Tokenomics
The native token of the ArGo Platform, $ArGo, is designed to play a major role in the functioning of the ecosystem. $ArGo’s goal is to be used as a medium of exchange between participants on ArGo. $ArGo may be spent to purchase any of the ArGo’s services/products or redeemed to get discounts on the platform. Users can also ‘stake’ $ArGo and receive special privileges and rights. For example exclusive access to events and early notification of updates/promotions. $ArGo is also a governance token.
$ArGo has a maximum supply of 100M which is utilized for ecosystem growth. $ArGo will reach its maximum cap 60 months after all tokens are released. ArGo has locked 34% of $ArGo for the community DAO as a treasury. These $ArGos are only released when needed for marketing, grants, and more.
*For applications to be considered valid, all applications must adhere to the PAID whitelist lottery rules, must pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions which varies per project on a case to case basis. For a list of ArGo specific restricted KYC countries check HERE.
About ArGo
ArGo is a web hosting platform that allows its users to build modern websites on the Arweave permaweb, a protocol that decentralizes the internet — the platform stores data using Decentralized Storage Networks (DSNs).
About Ignition
IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol which allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.
Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. It isn’t just a trading platform, it FUELs projects and takes fundraising to the next level.
Ignition brings quality projects, fixed swaps, and equitable lottery participation to the PAID community.
About PAID
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.
For any questions for the PAID network, please feel free to reach out to us on:
- Website: PAIDNetwork.com
- Telegram: @PaidNetwork
- Twitter: @PAID_Network
- Medium: @PAIDNetwork
