Archway Economics & Design 🧮
Archway provides a framework uniquely designed to create sustainable economics at the protocol layer, helping to ensure the L1 tokenomics do not hinder the economic feasibility of the dApps being built on top of the protocol.
This is achieved by avoiding the standard fixed supply model and arbitrary emission schedules that have been repeatedly used in the Cosmos.
Instead Archway opted for a model with no max supply that utilizes a low fixed inflation rate (10%) that can be offset through the implementation of AIP-1559 which provides counter-inflationary pressure on emissions based on current block space demand (similar to EIP-1559).
Many L1s will have no way to incentivize security or public goods once their predefined emissions have been depleted, unless they can generate substantial fees to cover the significant costs of overhead (security, public goods, etc.) leaving them in a precarious position, but not @archwayHQ.
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Developer Rewards 📊
Archway also has a unique mechanism for distributing rewards and value back to the application layer that helps to align the apps with the overall protocol creating a flywheel affect as dApps can earn more significant amount of value based on the usage of their contracts.
Network Fee: Receive 50% of gas spent on contract call w/ other 50% burned
Inflation Subsidies: Receive a portion of inflationary emissions each block based on gas consumed on dApps (network usage).
Smart Contract Premiums: Developers can define custom fees for interacting with their smart contract(s) setting a price floor for their dapps of which 100% of premium goes to developer.
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Technology Stack ⛓️
In order to provide this type of reward distribution @archwayHQ built out two custom SDK modules (rewards + tracking) that are meant to bring more material value back to the app layer—directly incentivizing developers based on the traction their product or application brings to the network.
To put it simply, the developer gets more of the pie on Archway than any other platform.
Now with the implementation of further modules like cw-ica and cw-callback Archway can begin to build out an execution layer that is advantageous to developers while allowing the chains it is interacting with to be abstracted from the user—commonly referred to as chain or account abstraction.
This allows #Archway to help take the next step towards solving the fragmentation issue in the Cosmos and improve the overall UX.
@PBOpodcast @LeoAn97 @realChad007@WallStreetSilv Montreal Toronto and Vancouver pretty sure those are gonna be the 3 markets that went up the most like always and its the 3 places where youll see the most new migrants tho here in quebec they're realizing quite fast to just fuck off from Mtl and get more jobs everything cheaper
@Moneytaur_@MajericMiso@elonmusk Amazing how people understand the development process😅like you wanna start fixing the glitches at a speed the human brain has a hard time to follow🤣🤣
@Stuffhappenwhen@benaveryisgood@elonmusk Most people aint against legal and controlled immigration... the problem most have is with wide open mass immigration withno vetting...do we really need the criminals fleeing their country justice? To we need more ms13 or cartels cold blooded killers or human traffickers?
@benaveryisgood@elonmusk Well you can buy a robot and make it work instead of you doing it... last time i checked its pretty illegal and immoral to do so with a human being no matter the race
@Baseball2278351@unlearn16tweet@elonmusk And this is just proof of concept at minimal working functions... once perfected speed wont be a problem since not limited by our brain functions max speed and/or our easily distracted mind
@KerrySc80953759@ianmiles@elonmusk ones not taking one shit on the belt then boxing it 8hours a day 5 days a week leave that to the bots they wont feel a slow unending death till retirement... even better imagine not having to work at all just enjoying life while bots does the working for us is that so terrible??
@KerrySc80953759@ianmiles@elonmusk Look in the eyes of those that have been doing those for a long time most of them are dead inside they dont want the job they just wanna survive( i know ive been there so were the majority of my coworkers) it brings better jobs like repairing those or upgrading them designing new
@KerrySc80953759@ianmiles@elonmusk Why do you want to save low pay shitty repetitive movement braindead jobs that ends up with health issues caused by repeating the same move over and over like an automaton... why not instead spend more quality time with that family you wanna build or do a more valorising job...
@0dinbot@ianmiles@elonmusk And here we have our first candidate for the first of a kind workplace related sexual harassment of an humanoid robot😅 watch out if he grabs you you might end up folded just like that shirt but more messy
@bhec7715@bitcoinjack@SamanthaLaDuc Yea im the bitcoin cultist that owns BTC as a small % of his cryptocurrency portfolio🤣 but hey you do you my little fiat Guru
@PLR_2024 @TRHLofficial Thats a concept that always made me laught so fucking much... "Women deserve to be treated as equal in every way they must be treated better then actually therefore males feminists gotta fight for their rights because they wont achieve anything if men doesnt make it happen"🤣
@bhec7715@bitcoinjack@SamanthaLaDuc You left out a couple of IF here... if the person doesnt live in another country if hes not using a nonKYC hardware wallet and even then without the seed phrase of the seed wallet they might get the person but they wont retrieve the asset itself then what?what would be the point
@breathMessi211@JustinTrudeau Just a little hint for future post honest canadians never feel the need to start a sentence with honest canadian here🤣🤣this is exactly what a politician like Trudeau would do just before dumping the biggest pile of BS🫢
@POTUS The time have changed from back then... like how much more hypocrit you became... speaking of Dr.King like the great men he was while during the time he was still alive you sided against him time and time again