ArcadeDAO Launches $ARCD Governance Token on Ethereum Mainnet
ArcadeDAO has reached a significant milestone with the official launch of its governance token $ARCD on the Ethereum mainnet.
The introduction of $ARCD brings enhanced decentralization to the platform, allowing for token transferability, trading, and staking opportunities.
$ARCD token holders now have the ability to actively participate in decision-making processes within the ArcadeDAO ecosystem.
Additionally, users can stake their $ARCD tokens or $ARCD/wETH liquidity pair (LP) tokens on Uniswap V2 to earn rewards. Liquidity providers also stand to benefit, as they earn $ARCD rewards with each block.
// Major Token Announcement
— Arcade (@Arcade_xyz) April 16, 2024
The ArcadeDAO governance token $ARCD - powered by the community is now live on ETH mainnet.
Learn more below👇
One standout feature of ArcadeDAO’s staking mechanism is the introduction of time-locked rewards.
Users can select specific durations for staking their tokens, qualifying them for future rewards under the Arcade protocol.
This innovative approach not only encourages long-term user engagement but also contributes to the token’s stability within the ecosystem.
Participants who engaged in Arcade’s Level 1 can now claim $ARCD tokens, with future users having the opportunity to progress through up to 10 levels, fostering continued growth and platform utilization.
Looking ahead, ArcadeDAO plans to roll out additional features and levels for $ARCD staking, further incentivizing and rewarding community participation.
Moreover, the protocol aims to expand its offerings to include Base and Bitcoin, with plans to introduce the Base version of “Clash of Claims,” providing users with the chance to join $ARCD holders in future governance initiatives.
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