- First of all, Khun Po would like to introduce himself briefly + introduce Arken for us to get to know each other.
Must say first that In the past, people may have thought that Arken Finance is a DEX Aggregator, but we actually have more products and plan to expand in this industry to solve various pain points.
At present, we have not changed our positioning at all. Our main goal is still to “make DeFi accessible”. With Arken himself in the industry for over 2 years, we know that. If DeFi is to be accessible to more people, the industry itself will need to create a large number of apps first.
So now Arken Finance is not just a DEX Aggregator anymore, but we make our product as “Abstraction Layer” for DeFi Protocols, dApps, and User ExperienceThis will simplify access to DeFi for developers and traders alike.
- So would you like Khun Po to clarify the term “Abstraction Layer” for us? how is this concept
The first thing to understand is that we think the DeFi world is moving towards multi-chain, and as the number of users, use cases, or transactions increases, new chains are created with the tech. A new logo for sure. This is where the complications arise. Many people in the industry probably already know that in the past two years. Before trading or creating cross-chain apps It’s very chaotic.
Arken also realized the importance here that if he wanted more people to come in and use it. We had to simplify the use and access of DeFi before we developed Abstraction Layers to address this cross-chain problem for the user, be it layer1, layer2, or as a layer of the protocol itself.
- What if it’s for new users who are trying out Arken for the first time? Khun Por, do you have any advice on how to use it to create the highest value?
For developers, we have integrated all APIs. You can do price indexing, retrieve price rates from different pools, or display on-chain data. You can use our API all in one place. This is for developers. You can continue to focus on making your own product or feature without having to deal with cross-chain headaches.
For traders, we also have a trading portal that is almost identical to CEX. Many people use Arken and say they think they are trading on CEX. It can be used more easily, whether to find or monitor a token or a particular coin. Cross-chain trading can be done in one place. In addition, we also have features that specify conditions for risk management such as stop limits and limit orders, meaning that users can do everything at Arken in one platform.
- Listen to the view briefly. Now I’m curious about this year’s roadmap for Arken. What is the rough direction? What product are you currently working on in the project?
Looking at the overview of Arken’s roadmap this year, of course, we’re not just about launching IDO. We still have other projects. waiting to be launched and released in the next period as well
during Q2, especially during this April We will focus first on Arken Token IDO launches and later in the month we will see a ‘Long-term Liquidity Pool’ and Arken Options as a new type of incentives that we have come up with to increase the value of the Arken Token. Arken coin holder
In addition to the Arken Token, we also plan to release an alpha version of the Trustless Fund Management Platform, a new product that will provide a solution for private funds and fund managers wishing to enter the world of DeFi. We have to keep it aside. Another thing is that we plan to integrate with GMX as well as how it will be, will have to wait and follow each other Expected no later than Q2 for sure.
During Q3 Arken plans to release a full version of the Trustless Fund Management Platform with all features and functions. In addition, there will also be a launch of veArken (DAO), so for those who are wondering if the Arken token will also be a governance token or not, you can wait for sure.
During the rest of the year we will be upgrading Arken Exchange’s trading tools and extending it to new networks like OP and zkSync as well. Having said that, our Arken team is already developing community-based products, so if anyone has one, we’ll be working on it. Suggestions or think that there is something that we should explore, can feedback into our community straight away.
- Then surely our market is quite wide, right? What do you think is the key point of the project that makes Arken superior to other protocols?
We see that the strength of the Arken team is that we never stop developing. As many of you may have seen over the past year, during the market’s downturn, many protocols died out. But we are still here because we believe that our products can create value for users and we do not stop developing new products as well. We strive to create useful features for users, including revenue models and tokenomics that will help generate sustainable revenue on the platform.
- Next, let’s talk about some coins. As we all know that Arken is about to release $Arken soon, Khun Po can tell you about it. tokenomics/utilities of the coin, can we hear it?
The ARKEN token will be a native token on the Arken Finance platform, which is different from other tokens on the market. We think ARKEN will focus on utility rather than security. We have designed the tokenomics of the ARKEN token. It can be used on our platform instead of service fees or various fees, which we think is more practical for users of the platform who already hold our coins, after which the ARKEN token will play a role in the governance aspect of the protocal. too
- So can I ask how the project can make $ARKEN a sustainable coin for Arken?
As I said, the Arken Token is designed and mechanic placed to be a utility token that, besides being used for trading, can also be used in our platform. And this income will be used to improve and develop a better product for the user to create a sustainable cycle on the platform. In addition, we will have Arken Option that will be a new type of incentives to add value to Arken token holders instead of farming in the traditional way as well, details of which will be released soon.
- Would you like Khun Por to summarize the upcoming $ARKEN IDO for us to hear again?
Arken’s IDO will be available on 2 Platforms.
The first is on the Arken Finance platform and the other on the Impossible Finance Launchpad.
Which on Arken Finance will open all 3 rounds 3 days from 3-5 April.
Impossible Finance runs April 4-5.
Claiming Date section for all platforms It will start from 6 April onwards.
Details of the IDO can be found on Arken Finance’s Twitter announcement or by following this link.
Guide to join Arken’s public sale on Arken Finance: https://blog.arken.finance/arken-public-sale-on-arken-finance-3484f68f3317
Guide to join Arken’s public sale on Impossible Finance Launchpad: https://medium.com/impossiblefinance/the-impossible-finance-ido-17-arken-finance-token-sale-c924574904a0