Archer DAO Governance Token (CURRENCY:ARCH) traded 6.2% lower against the dollar during the 1-day period ending at 20:00 PM ET on May 4th. One Archer DAO Governance Token coin can currently be bought for approximately $3.05 or 0.00005611 BTC on cryptocurrency exchanges. Archer DAO Governance Token has a total market cap of $27.94 million and approximately $2.11 million worth of Archer DAO Governance Token was traded on exchanges in the last 24 hours. Over the last seven days, Archer DAO Governance Token has traded up 27.4% against the dollar.
Here’s how similar cryptocurrencies have performed over the last 24 hours:
- Uniswap (UNI) traded up 7.2% against the dollar and now trades at $44.49 or 0.00081727 BTC.
- Doctors Coin (DRS) traded 2.1% lower against the dollar and now trades at $0.76 or 0.00001403 BTC.
- Public Mint (MINT) traded 2.6% lower against the dollar and now trades at $0.80 or 0.00001479 BTC.
- Parachute (PAR) traded 18.4% lower against the dollar and now trades at $0.0180 or 0.00000033 BTC.
- ACoconut (AC) traded 6.3% lower against the dollar and now trades at $2.52 or 0.00004626 BTC.
- Peony (PNY) traded up 0.1% against the dollar and now trades at $0.17 or 0.00000311 BTC.
- AllSafe (ASAFE) traded 3.3% lower against the dollar and now trades at $0.0553 or 0.00000102 BTC.
- HollyWoodCoin (HWC) traded 3.8% lower against the dollar and now trades at $0.0103 or 0.00000019 BTC.
- UNICORN Token (UNI) traded down 2.7% against the dollar and now trades at $0.0006 or 0.00000001 BTC.
- Rupee (RUP) traded down 2.5% against the dollar and now trades at $0.0013 or 0.00000002 BTC.
About Archer DAO Governance Token
According to CryptoCompare, “The original ARCH whitepaper focused on the concept of controlling the flow of information within a decentralized autonomous corporation (DAC) in an effort to promote financial stability and growth within a DAC and protecting sensible information. While most cryptocurrencies are created as an alternative to bitcoin, ARCH was created as a startup holding DAC whose equity is represented by a cryptographic token. The goal is to test new applications of blockchain technology as well as to model an investor-token relationship in a use-case scenario involving a real startup with palpable products and services. To improve equity fungibility, revenue from any of the holding company's products or services is to be used to purchase more tokens from the market, thereby making the holding DAC's equity token exponentially more valuable with each additional revenue stream. Although no substantial revenue has been injected into ARCH's fungibility yet, its tiered conditional access levels have created a natural self-audit system that has proven very effective when it comes to managing this pseudo-corporate setup and its investors. Value in information is trusted to investors according to their own responsibility in the pseudo-corporate structure. In this tiered setup, the amount of tokens held serves as a basis of evaluating trust and involvement with the DAC itself. This system promotes unbiased transparency by the developers and corporate responsibility on behalf of the investors. This system alone, without any major revenue stream, has already proven itself as the backbone of the current stable growth in the ARCH equity token's market cap. This unique approach opens doors for a new generation of DACs, fusing decentralized communities with traditional corporate structures using tiered conditional access levels to secure the flow of information. Although tailored to our specific ventures and “community” needs, the ARCH wallet concept is an outstanding, first-of-its-kind example for other future DACs looking to combine all relevant information and tools regarding the DAC's and its equity token in one place. ARCH is taking that concept even further and seeks to integrate the whole corporate structure into its wallet as the DAC grows. In a nutshell, Arch rearranged how investors interacted in DACs to establish healthier lines of communication while changing the financial structure so that FIAT revenue would be injected directly into the tokens fungibility instead of being distributed through dividends.Their products, services and software are inspired by bitcoin, disruptive and innovative but not interdependent. “
Archer DAO Governance Token Coin Trading
It is usually not currently possible to buy alternative cryptocurrencies such as Archer DAO Governance Token directly using US dollars. Investors seeking to trade Archer DAO Governance Token should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Archer DAO Governance Token using one of the exchanges listed above.
Receive News & Updates for Archer DAO Governance Token Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Archer DAO Governance Token and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.