AR
Reputation Ratings
Arweave 5-10 years
Website https://www.arweave.org
Browser
OTH RELPs
Github
White Paper
Avg Price
+0.05%
1D

$ 39.58 USD

$ 39.58 USD

Market Cap

$ 2.6375 billion USD

$ 2.6375b USD

24h trading volume

$ 46.066 million USD

$ 46.066m USD

7d Vol

$ 812.601 million USD

$ 812.601m USD

Circulating supply

65.454 million AR

Related information

Issue Time

2018-06-08

Platform pertained to

--

Current price

$39.58USD

Market Cap

$2.6375bUSD

Volume of Transaction

24h

$46.066mUSD

Circulating supply

65.454mAR

Volume of Transaction

7d

$812.601mUSD

Change

24h

+0.05%

Number of Markets

141

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

0

Last Updated Time

2019-02-06 19:49:29

Language Involved

--

Agreement

--

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Introduction

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3H

+0.42%

1D

+0.05%

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-14.09%

1M

+27.72%

1Y

+512.49%

All

+997.63%

Aspect Information
Short Name AR
Full Name Arweave Token
Founded Year 2017
Main Founders Sam Williams, William Jones
Support Exchanges Binance, Huobi, OKEx
Storage Wallet Arweave Wallet

Overview of AR

Arweave Token, known as AR, is a type of cryptocurrency that was founded in 2017 by Sam Williams and William Jones. It's primarily listed and traded on several exchanges including Binance, Huobi, and OKEx. The designated digital wallet for safely storing this cryptocurrency is the Arweave Wallet. The core aim of the AR token, similar to various cryptocurrencies, is to enable and perform diversified transactions within its respective blockchain economic sphere.

web
overview

Pros and Cons

Pros Cons
Potentially high liquidity due to listing on major exchanges Market volatility common to all cryptocurrencies
Proprietary wallet provides convenience Reliant on the Arweave Wallet for storage
Achieved a distinctive place in the blockchain industry Risks associated with new or less well-known cryptocurrencies

Pros:

1. Potentially high liquidity: The AR depends on major exchanges such as Binance, Huobi, and OKEx for trading. Being listed on these platforms potentially offers the token high liquidity, ensuring that tokens can be bought or sold without causing significant price fluctuations and without impacting its market price.

2. Proprietary wallet provides convenience: The AR token operates with a dedicated proprietary wallet named the Arweave Wallet. This can offer users a streamlined and convenient method of securely storing, managing, and transacting their AR tokens. The use of a proprietary wallet might simplify transactions and storage, particularly for new users without prior crypto wallet experience.

3. Achieved a distinctive place in the blockchain industry: Given its unique attributes and usage within its respective blockchain economic sphere, the AR token has carved out a distinctive position for itself in the blockchain industry. This recognition could potentially lead to more acceptance and application by the user base and the industry.

Cons:

1. Market volatility: Like many, if not all cryptocurrencies, the AR token is subject to significant market volatility. This means the value of the token can dramatically rise or fall over short periods, presenting possible financial risk to investors.

2. Reliant on the Arweave Wallet for storage: Dependence on one specific wallet, in this case, the Arweave Wallet, limits options available to holders of the AR token. While this ensures specialised compatibility, it can also restrict freedom of choice and flexibility in terms of deciding on other potential storage methods or services.

3. Risks associated with new or less well-known cryptocurrencies: As with any newer or less well-known cryptocurrencies, there might be potential risks involved. These risks could include, but are not limited to, technological failures, legal or regulatory issues, market acceptance risk, and even a total loss of the funds invested. It might be essential to undertake a full individual risk analysis before deciding to invest in the AR token.

What Makes AR Unique?

Arweave Token (AR) stands out in the cryptocurrency market due to its underlying technology which is a permanent, tamper-proof data storage blockchain. This innovative approach is different from most other cryptocurrencies, as it solves one of the most pressing issues in the digital age - the immutability and permanence of data.

AR is not only a cryptocurrency that underpins transactions within its ecosystem but also a means of compensating its network's participants for storing data. The ecosystem is designed in such a way that as more data is stored over time, the storage costs continue to decrease. This long-term, low-cost, and permanent data storage differentiates it from more conventional cryptocurrencies such as Bitcoin or Ethereum, which primarily focus on transferring value rather than storing data permanently.

However, it's also important to mention that this innovative focus on permanent data storage brings along unique challenges - the significant storage requirement could lead to scalability issues, and its dependency on network participants to reliably store data over potentially long periods of time could raise sustainability concerns.

In conclusion, while the concept of permanent, low-cost data storage distinguishes the AR token from other cryptocurrencies, it also poses unique challenges that limit its usefulness to specific applications, in contrast to more general-purpose cryptocurrencies.

Circulation of AR

Circulating supply

The circulating supply of Arweave (AR) is currently 53.6 million tokens. This means that these are the tokens that are currently available to buy and sell on exchanges. The total supply of AR is 66.1 million tokens, but the remaining tokens are not yet in circulation.

Price fluctuation

The price of AR has fluctuated significantly since its launch in July 2018. It reached an all-time high of $93.20 on November 4, 2021, but has since fallen to its current price of $4.81 as of September 19, 2023.

There are a number of factors that can contribute to the price fluctuation of AR, including:

  • Supply and demand: The price of AR is determined by the supply of tokens available and the demand for those tokens. If there is more demand for AR than there is supply, the price will go up. Conversely, if there is more supply of AR than there is demand, the price will go down.

  • News and market sentiment: Positive news and developments surrounding AR can boost demand for the token and drive up the price. Conversely, negative news and developments can dampen demand and drive down the price.

  • Overall market conditions: The cryptocurrency market as a whole is volatile and can experience significant price fluctuations. AR is not immune to these fluctuations and its price can be affected by broader market conditions.

Additional notes

Arweave is a decentralized storage network that uses blockchain technology to store data permanently. AR tokens are used to pay for storage on the Arweave network.

The Arweave team is working on a number of initiatives, including launching new features and expanding the Arweave ecosystem. If the team is successful in executing on its plans, this could boost adoption and demand for AR.

Overall, AR is a promising project with a number of potential benefits. However, it is important to be aware of the risks associated with investing in a cryptocurrency, including the risk of price volatility.

Investors should carefully consider their own risk tolerance and investment goals before investing in AR.

How Does AR Work?

Arweave Token (AR) operates on a decentralized network that allows for permanent, immutable storage of data. It utilizes a unique protocol known as the blockweave—a blockchain-based structure that differs from traditional blockchains.

Instead of each block pointing to only one previous block, a block in the blockweave points to multiple blocks in the past, creating a weave-like structure. This is paired with a “Proof-of-Access” model, which requires miners to prove that they have access to old data on the blockweave to add new blocks, ensuring the availability and permanence of data over time.

In terms of transactions, the users have to pay a fee in AR tokens when storing their data on the blockweave. This fee is then used to incentivise miners for maintaining the network and providing data storage services. The more data is stored on the network, the cost of storage decreases over time due to their endowment and block reward mechanisms.

While the AR token is used as a means of transaction within the Arweave ecosystem, it also plays a crucial role in maintaining the network's security and sustainability. Users who hold AR tokens can participate in the network's consensus mechanism, incentivizing user participation and engagement with the network.

Hence, the Arweave network and the AR token represent an innovative blend of data storage and cryptocurrency principles, combined in a unique technical architecture that ensures data permanence while maintaining network security and user participation.

use

Exchanges to Buy AR

AR token is supported by several cryptocurrency exchanges for buying and selling. Here are details about ten of them:

1. Binance: Binance is a prominent cryptocurrency exchange that supports AR trading. It offers trading pairs with AR against other leading cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB), as well as against some fiat currencies like USD.

2. Huobi: Huobi Global, another major global cryptocurrency exchange, supports AR token. One can trade AR against Bitcoin (BTC) and Ether (ETH).

3. OKEx: OKEx, an internationally recognized cryptocurrency exchange, provides the option to trade AR with other digital currencies like Bitcoin (BTC) and Ether (ETH).

4. Uniswap (V2): As a decentralized exchange, Uniswap offers the trading pair AR/ETH.

5. Sushiswap: SUSHI is another decentralized exchange offering several liquidity pools for AR including those with Ethereum (ETH) and USDT pairs.

6. KuCoin: KuCoin, known for listing a wide variety of cryptocurrencies, supports trading pairs AR/BTC and AR/USDT.

7. Bilaxy: On Bilaxy exchange, users can buy or sell AR token with USDT.

8. Hotbit: Hotbit has the AR/USDT trading pair available on their platform.

9. 1inch Exchange: 1inch Exchange, a decentralized exchange, provides AR/ETH as a trading pair.

10. MXC.COM: On MXC.COM, you can trade AR with pairs like AR/USDT.

Please note, always perform your due diligence before trading. The availability of trading pairs may vary from time to time. You are recommended to check the current pairings on these exchanges directly.

EXCHANGES

How to Store AR?

Storing AR (Arweave Tokens) requires a specific wallet that supports this type of cryptocurrency. The official wallet is the Arweave Wallet, which was created specifically for securely storing, managing, and transacting AR tokens.

Here are the general categories of wallets that support AR token:

1. Proprietary Wallets: This type of wallet is specifically designed by the cryptocurrency creators for their tokens. In the case of AR, this is the Arweave Wallet.

2. Desktop Wallets: These are wallets that can be downloaded and installed on your PC or laptop. They are only accessible from the single computer in which they are downloaded. Some desktop wallets that support AR tokens are Trust Wallet and Atomic Wallet.

3. Mobile Wallets: These are wallets that run on applications on your phone. They provide excellent convenience due to mobility. An example of a mobile wallet that supports AR is Trust Wallet.

4. Hardware Wallet: These are physical devices that securely store cryptocurrency offline— a method known as ‘cold storage’. As of now, most hardware wallets like Ledger and Trezor do not include direct support for AR. These options may change in the future, so it is always worth double-checking with the manufacturer's latest updates.

5. Web Wallets: Web-based wallets store your private keys online, on a server controlled by the wallet software's admin. Arweave's web wallet can be used to hold AR tokens.

6. Paper Wallets: These are physical printouts of your public and private keys. These are highly secure since they are completely offline, but they can also be easy to lose or damage. Also, not many cryptocurrencies support this type of wallet. Currently, there is no known support for a paper wallet for AR tokens.

Remember, the rules of cryptocurrency storage still apply. Always make sure your wallet is secure, back up your passwords and private keys regularly, and protect your device from malware and phishing attempts.

Should You Buy AR?

The Arweave Token (AR) could be an option for individuals who are interested in the unique proposition of combining data storage with blockchain technology. Those who appreciate the potential for extended digital permanence, practise long-term storage of large data on blockchain, or are involved in developing applications around such concepts might find the AR token's offerings compelling.

However, purchasing AR, like any cryptocurrency, should be carefully considered. Here are some objective pieces of advice for those thinking about buying:

1. Understand the Technology: Comprehensive understanding of both blockchain technology and the particularities of Arweave's blockweave structure is essential. Be aware of the Proof-of-Access model that Arweave employs and the forever-storage concept.

2. Market Research: Conduct thorough market research. Look into the token's past performance, but remember that this is not necessarily indicative of future trends. Stay up-to-date with news regarding Arweave and other similar projects.

3. Risk Analysis: Carry out a thorough risk analysis. Cryptocurrencies are inherently volatile, and while AR has specific use cases in data storage, risks related to market fluctuations, regulatory changes, and technological failures remain.

4. Diversify Your Portfolio: To mitigate potential risk, it is often recommended not to invest all your resources in one type of asset. Ensuring a diversified investment portfolio can be a prudent strategy.

5. Secure Wallet Storage: Ensure that you have secure wallets for storage if you decide to buy. With AR, this primarily means the Arweave Wallet, so you need to familiarize yourself with its use and features.

6. Remember Liquidity: While AR is listed on major exchanges, which might suggest high liquidity, you should always check the latest trade volumes and order books to confirm.

7. Do Not Rush: Investing in any cryptocurrency should not be rushed. Take your time to understand and soak in all necessary information and analysis before making a decision.

Remember, these suggestions should not be considered financial advice, and any investment should be made based on individual analysis, due diligence, and risk tolerance.

funded

Conclusion

Arweave Token (AR) is a distinctive cryptographic asset that integrates the blockchain with data storage, offering a unique solution for the long-term and permanent preservation of data. Given this emphasis, the project has carved a unique niche within the broader blockchain ecosystem.

The AR token, used within the network for transactional processes, has been recognized across several major cryptocurrency exchanges. Its development so far and its disruptive potential in the permanent data storage field suggest potential for future growth subject to market dynamics and advanced technological implementation.

Like all cryptocurrencies, AR is subject to market volatility and risks. While it holds possibilities for financial returns, it can also depreciate in value depending on market conditions and fluctuations. As such, prospective AR investors should exercise due diligence, comprehensive understanding of the project, and consider their risk tolerance before venturing into investment.

Ultimately, the future prospects of AR are tied to the continued growth of the Arweave platform, the adoption of its permanent data storage solution, and wider market factors influencing the cryptocurrency space at large. As with any investment, potential for profitability exists, but is not guaranteed. It is strongly recommended to consult with a financial advisor or conduct thorough research before making any investment decisions.

FAQs

Q: What function does the AR token serve on the Arweave platform?

A: The AR token is utilized within the Arweave network for transactional purposes and is also a means to reward participants for storing data.

Q: Where can AR tokens be traded?

A: AR tokens can generally be traded on several cryptocurrency exchanges, including Binance, Huobi, and OKEx.

Q: What are the potential advantages and disadvantages of the AR token?

A: Some potential advantages of the AR token are high liquidity and convenience due to its proprietary wallet, while disadvantages include market volatility and dependency on a single wallet for storage.

Q: What distinguishes AR from other cryptocurrencies?

A: AR differs from other cryptocurrencies due its underlying technology of a tamper-proof data storage blockchain, enabling permanent and immutable data storage.

Q: How do AR tokens work in terms of operation?

A: AR tokens operate by using a 'blockweave' structure and a “Proof-of-Access” model, coupling permanent data storage with blockchain principles to maintain both network security and user participation.

Q: Which wallets are typically used for storing AR?

A: AR can primarily be stored in the Arweave Wallet, along with other desktop and mobile wallets, including Trust Wallet and Atomic Wallet, that support AR tokens.

Q: Who might be the most suitable to buy AR tokens?

A: Those interested in long-term data storage using blockchain technology or involved in building applications around such concepts may find AR tokens particularly relevant and worthwhile.

Q: Can investing in AR lead to profits?

A: Like any investment, the potential for financial gains with AR exists, but so does the potential for losses due to inherent market volatility and other risks associated with cryptocurrency.

Q: What are the future prospects for AR?

A: The future for AR is interconnected with the broader development of the Arweave platform, the market acceptance of its data storage solutions, and larger market factors impacting the cryptocurrency industry.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

More

3 ratings

Participate in evaluation
Dory724
Are is Decentralized, has permanent data storage. Unique concept, but faces competition. Adoption crucial. Monitor developments in decentralized storage.
2023-11-22 04:02
9
koeuthheng
AR's unique tech approach is commendable but the interface could use a little tweaking. Lackluster community interactions too.
2023-12-08 21:28
8
FX1939196571
I've been using AR exchange for a while now. The Interface is sleek and ossht but those trading fees - Kinda throat-cutty champ!
2023-09-14 14:38
6

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