So, this was the CoinList sale that alerted me to the fact that I had somehow missed the notification for the Neon one that I wrote about yesterday. Archway is a completely different project compared to Neon, but still an infrastructure sort of project... the sorts that I'm interested in anyway! This one is more about providing the tooling for developers to capture the worth of their work, without having to always issue tokens and rebuilding a token economy from scratch... something that is really quite difficult to do!

So, first up, the important dates for registration and the sale launch time. Keeping in mind that KYC for CoinList is pretty slow at the moment... and the sale time is important as these token allocations are usually sold out within the first hour.

So, as mentioned before, Archway is all about providing tools for building and providing dApps to an ecosystem of developers. This is quite an important thing in the current state of the crypto ecosystem, as there are too many teams needing to reinvent everything from the ground up... replicating the past mistakes and learnings of teams that trod the same path not so long ago.

As you can see, the tooling infrastructure and ecosystem is already quite well fleshed out, wiht lots of familiar names in this ecosystem list. Of course, without further research, it is difficult to tell how deeply embedded each project... this space has an annoying history of just name-dropping everything and everyone to hype things up a bit!

Here we go with the sale terms... you can see it is a slightly smaller crowdsale allocation than the Neon one that will happen before, but with a larger maximum purchase. It also has a longer lockup period, with a linear vesting afterwards. I'm thinking that that initial 25% unlock will be a good time to recoup the initial investment, with the remainder 75% being a moonbag for afterwards.

... and again, only stablecoins this time around!

So, use cases for the ARCH token. Staking... I'm starting to doubt the point of token staking for security... volatile asset staking where the token value is tied heavily to the project success is a recipe for death spirals... especially with the incoming Eigenlayer promising a more solid foundation of restaking "blue-chip" crypto assets that are arms length away from the project traction and success.

Governance... meh... you already have heard my thoughts on this in yesterday's Neon analysis. Transaction, aka revenue, yes... this is a worthwhile use case... if people end up using the Archway network! The entry isn't really utility, it is the description of how they will allocate the ongoing inflation.

This is the token allocation breakdown... honestly, without the vesting schedule information, this is pretty meaningless. Bit disappointed by that... or perhaps I missed it when I was ready in a tired state.

Finally, a breakdown of how the economic plan will work out... and how this will create value for developers. Interesting, but these things rarely survive contact with the real world and usage... so, I'm holding my breath on this!

Anyway, despite the negative sounding tone of my analysis, I think that this might still be worthwhile to get an early allocation of. Being able to share, use, and monetise your developer tools and dApps is a great way to build trustlessly and share knowledge and experience with others in the same ecosystem. This has been a partial weakness of the open-source movement, in that it is maintained mostly by goodwill and wishes... whilst others reap the benefits. Tragedy of the commons?

I can also be found cross-posting at:
Hive
Steem
Publish0x

Handy Crypto Tools

Ledger Nano S/X: Keep your crypto safe and offline with the leading hardware wallet provider. Not your keys, not your crypto!
Binance: My first choice of centralised exchange, featuring a wide variety of crypto and savings products.
WooX: The centralised version of WooFi. Stake WOO for fee-free trades and free withdrawals!
GMX.io: Decentralised perpetual futures trading on Arbitrum!
Coinbase: If you need a regulated and safe environment to trade, this is the first exchange for most newcomers!
Crypto.com: Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful!
CoinList: Access to early investor and crowdsale of vetted and reserached projects.
Cointracking: Automated or manual tracking of crypto for accounting and taxation reports.