ArGo, a groundbreaking blockchain-based platform, is transforming the way web applications are hosted. By utilizing decentralized storage networks such as Arweave and Skynet, ArGo ensures fully decentralized, serverless app deployment. Developers can easily deploy their web apps without relying on centralized servers, enhancing security and resilience. The platform's native utility token, ARGO, plays a crucial role in this ecosystem. It is used to pay deployment and storage fees, run worker nodes through staking, and participate in governance votes. With tools like the ARGO Interface for managing deployments and automation, ArGo is streamlining the decentralized app hosting process, making it more efficient and collaborative.
What Is ArGo (ARGO)?
ArGo is a blockchain-based, serverless app deployment platform that takes a web app to a decentralized storage network like Arweave, Skynet, etc. ArGo makes dApp hosting fully decentralized by deploying web apps to decentralized storage solutions.
Key Features of ARGO:
- Fees for Deployment and Storage: ARGO tokens are used to pay for deployment and storage services on the ArGo platform.
- Running Worker Nodes: Users can stake ARGO tokens to run worker nodes on the network.
- Governance Votes: ARGO tokens are used for governance votes to determine how network resources are allocated.
ARGO Protocol Tools:
- ARGO Interface: Includes all the management tools to keep track of your deployment and token usage.
- Automation Tools: Helps developers automate the deployment process with every code change and share a site preview with others.
- Collaborative Experience: Provides a collaborative experience between team members, similar to Github.
How Many ARGO Coins Are There in Circulation?
The protocol’s token ARGO is designed to incentivize the continued adoption cycle of the ArGo protocol. To achieve this, users that are involved are rewarded through either an incentive or a penalty. Their continued involvement is a necessity for the growth as well as the adoption of the protocol. Apart from that, ARGO incentivizes developers to build applications that are needed for the growth of the ArGo ecosystem.
Who Are the Founders of ARGO Protocol?
ARGO Protocol is the brainchild of developers Prashant Maurya and Mitrasish Mukherjee, who have extensive development experience.
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Prashant Maurya: One of the founders of ArGo, he is also a Full-stack developer with 5+ years of experience in Enterprise Software Solutions Designing and has worked in big tech companies. He has actively contributed to open-source projects and has become an active Gitcoiner. He has won hackathons on Near, Algorand, Nucypher, and Arweave.
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Mitrasish Mukherjee: Another founder of ArGo, he is also a Full-stack developer with 2+ years of experience in Enterprise Software Solutions. He is an active contributor to open-source projects and an active Gitcoiner. He has contributed to many blockchain protocols like Ethereum, Algorand, Gitcoin, Arweave, ENS, Aragon, Bluzelle, 3Box, etc., and has won more than 5 hackathons. He also worked on DowntownStimulus, a live Web2.0 QF donation project, an initiative by Gitcoin Team and Consensys Labs.
Where Can I Buy ArGo Protocol (ARGO)?
If you want to buy, sell, or trade ArGo (ARGO), you can do so on the following exchanges:
- Ignition
- Uniswap
Binance offers the largest number of pairs as of October 2020, while Huobi Global also offers Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) options.
New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.
Tokenomics and Distribution Model of ARGO
Total Token Supply:
- Current Price: $0.0117
- Market Cap: $104,054.29
- 24h Price Change: 3.11%
- 7d Price Change: 11.07%
- 30d Price Change: 95.99%
- 24h High: $0.0117
- 24h Low: $0.0113
- All-Time High: $1.0998 (2021-05-12)
- All-Time Low: $0.0000 (2021-11-16)
- Circulating Supply: 8,895,833.00
- Total Supply: 65,541,667.00
Token Distribution:
- Public Sale (6.00%): Tokens reserved for early supporters through an Initial DEX Offering (IDO).
- Incentive Programs (44.00%): Tokens reserved to incentivize desirable actions in the community.
- Community Bounties (5.00%): Reserved for loyal supporters who have actively contributed to the community and protocol.
- Marketing & Partnerships (5.00%): Reserved for key strategic partnerships, PR marketing efforts, and listings.
- Protocol Treasury (20.00%): Tokens kept in reserve for community insurance, market-making, and other protocol needs.
- Team Allocation (20.00%): Team tokens are vested and allocated for team members, core contributors, and future hiring needs.
Mechanisms to Control Inflation:
- Staking Rewards: Users can stake ARGO tokens to run worker nodes on the network, contributing to network security and earning additional tokens as an incentive.
- Token Burning: Although not explicitly mentioned, token burning can be a mechanism to control inflation by reducing the total supply of tokens.
Unique Features and Benefits of ARGO
Decentralized App Deployment:
ArGo's platform allows for fully decentralized app hosting by deploying web apps to decentralized storage solutions, enhancing security and resilience.
Management Tools:
The ARGO Interface provides management tools to keep track of deployments and token usage, simplifying the process for developers.
Automation Tools:
ArGo offers simple automation tools that help developers automate the deployment process with every code change and share site previews with others, improving efficiency and collaboration.
Collaborative Experience:
ArGo provides a collaborative experience between team members, similar to Github, fostering a community-driven development environment.
Conclusion
ArGo (ARGO) is revolutionizing the way web applications are hosted by leveraging decentralized storage networks. With its native utility token, ARGO, the platform offers a comprehensive solution for decentralized app deployment, storage, and governance. The experienced team behind ArGo, coupled with its innovative tools and features, positions it as a leading player in the Web3 and blockchain space. Whether you are
