The ArchAngel project aims to provide an ecosystem of applications to enhance the crypto user’s experience. The platform was designed for digital asset users, traders, and crypto-enthusiasts. The ArchAngel network aims to solve the most common problems and create solutions that help users understand, utilize, and maximize cryptocurrency technologies to improve lives.
Though crypto technology is complex and can be frustrating, that doesn’t mean the resources and tools associated with it are also similar. Extensive survey responses and results prove that most projects continue to ignore the sole purpose of the crypto revolution, which is mass adoption. The foremost requisite for crypto’s global adoption and widespread use is a much better user experience, i.e., user-centric. The prime aim or purpose of ArchAngel is to create a positive user experience.
The ArchAngel token with ticker ARCHA is a standard ERC-20 and native token of the platform. ArchAngel was created to actively promote the adoption and use of cryptocurrency and digital assets. So, it aims to provide solutions that make such adoption and use easier, transparent, secure, and independent of the user’s technical experience. This community-led project is designing and developing a revolutionary ecosystem called the distribution of value (DoV), where all ArchAngel projects will exist.
ArchAngel’s primary utility is to create a framework for the ecosystem. The core team, analysts, engineers, and developers use the framework to focus on issues or problems within crypto and digital assets. Problems and issues are studied using root cause analysis (RCA). Next, the team plans to design possible solutions to solve the problems discovered, issues, and risks. Each solution then converts into an ArchAngel ‘Epic.’ Each epic is then launched into the distribution of value (DoV) ecosystem. Also, each independent token interacts with users while interfacing (exchange of data and services) with other projects within the ecosystem.
The transactions are charged with a 6% transaction tax with 2% of it redistributed to the holders as a reward, 2% burned, and the remaining 2% allocated as a contribution to the project's multi-signature project budget wallet. Briefly, cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.