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19598559 No.19598559 [Reply] [Original]

Project name: Arweave
Circulating Supply: 46,000,000
Max Supply: 66,000,000

Arweave allows permanent data storage. Pay once, it gets stored forever. In other projects like Siacoin, Filecoin, if you miss a payment = your data gone. Filecoin/IPFS is more suitable for fast write (upload) and slow read (download), whereas Arweave is more suitable for slow write (upload) and fast read (download). Fast read (download) is more useful for most use cases, like hosting websites.

Regarding $AR token, it is used to pay for permanent data storage. The token goes into an endowment smart-contract, which pays out to miners over 100s of years.

Over 200+ dapps have already been deployed on Blockweave chain (permaweb).

>best advisors
There is no other coin that has better advisors than Arweave, they're backed by Andreessen Horowitz, Coinbase Ventures, Union Square Ventures.

Here is the crazy part. Andreessen Horowitz invested in Filecoin (Arweave's competitor) seed round in 2017, but after they saw Arweave's product in 2019 (which was 1 year after Arweave ICO btw), they literally Fomo'd along with Coinbase Ventures and bought Arweave on OTC at a price higher than 0.4 USD, some have speculated that Coinbase and a16z bought Arweave at an average between 70 cents to 1.30USD.

>best github activity
Their POW algorithm has been audited by 4 independent security research firms and also used in Monero. Their Github repos have 250+ stars.

Like I said, Andreessen Horowitz and Coinbase didn't fomo on OTC market for no reason. They have something special. Get in before this blows up.

>> No.19598915

Wow you post this everyday
your bags must be heavy

>> No.19599004

>>19598915
No, this just needs more awareness. Arweave is one of the most legit project in crypto with working usecase yet no one knows about it.

>> No.19599212

>>19599004
We know, we just don't care because the circ supply is ridiculous

>> No.19599265

>>19599212
Almost all supply is out in the market, thats bullish af. Also as the Arweave network gets more usage, $AR goes into an endowment smart-contract, which pays out to miners over 100s of year, so in the long run the supply does not even matter.