Archer DAO Governance Token Hits 1-Day Volume of $1.08 Million (ARCH)

Archer DAO Governance Token (CURRENCY:ARCH) traded 47.2% higher against the US dollar during the 24 hour period ending at 10:00 AM Eastern on September 27th. Over the last week, Archer DAO Governance Token has traded down 38.4% against the US dollar. Archer DAO Governance Token has a market cap of $33.25 million and approximately $1.08 million worth of Archer DAO Governance Token was traded on exchanges in the last 24 hours. One Archer DAO Governance Token coin can currently be bought for $2.51 or 0.00005559 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

  • Uniswap (UNI) traded up 2.8% against the dollar and now trades at $24.11 or 0.00055223 BTC.
  • Peony (PNY) traded 11.6% higher against the dollar and now trades at $0.24 or 0.00000541 BTC.
  • Public Mint (MINT) traded 3% lower against the dollar and now trades at $0.35 or 0.00000793 BTC.
  • Parachute (PAR) traded 6% higher against the dollar and now trades at $0.0038 or 0.00000009 BTC.
  • Mint Club (MINT) traded down 0.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Interlude (ISH) traded 6.9% higher against the dollar and now trades at $0.0125 or 0.00000029 BTC.
  • ACoconut (AC) traded 2.3% higher against the dollar and now trades at $0.21 or 0.00000474 BTC.
  • AllSafe (ASAFE) traded down 0.3% against the dollar and now trades at $0.0269 or 0.00000062 BTC.
  • HollyWoodCoin (HWC) traded 10.9% higher against the dollar and now trades at $0.0075 or 0.00000019 BTC.
  • Rupee (RUP) traded 30.7% lower against the dollar and now trades at $0.0014 or 0.00000003 BTC.

About Archer DAO Governance Token

ARCH is a proof-of-stake (PoS) coin that uses the Scrypt hashing algorithm. Archer DAO Governance Token’s total supply is 100,000,000 coins and its circulating supply is 13,232,627 coins. The official website for Archer DAO Governance Token is archerdao.io. The official message board for Archer DAO Governance Token is medium.com/archer-dao. Archer DAO Governance Token’s official Twitter account is @ARCHcoin and its Facebook page is accessible here.

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 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Archer DAO Governance Token using one of the exchanges listed above.

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