Archway (ARCH)

Decentralized App Development

Archway helps developers launch decentralized apps (dapps) and smart contracts globally. It rewards developers automatically by giving them a share of users' gas fees, inflation rewards, and the ability to charge usage fees.

Incentives for Developers

Developers earn half of all gas fees generated by their smart contracts, a portion of the network's inflation (25% of inflation rewards), and can add fees for every use of their contracts, which go entirely to them.

Ecosystem and Community

Archway supports over 145 dapps and has a large community with 110K+ Twitter followers and 33K+ Discord members, fostering a strong network for builders and users.

For more details, visit archway.io.

Pros

• Archway allows developers to launch decentralized apps (dapps) and smart contracts globally.
• Developers earn automatic rewards from users' gas fees, inflation rewards, and can charge usage fees.
• It supports building once and earning forever, incentivizing creators.

Cons

• ARCH tokens are not offered in the United States or to U.S. persons and some other prohibited jurisdictions.
• The protocol is still under development, so features and documentation may change over time.

Founders of Archway

Archway was co-founded by a team of blockchain veterans including Josh Lee, David Stoeckli, and Wesley McGrew. They bring experience in software development, blockchain technology, and entrepreneurship. Griffin Anderson is also recognized as a founder, particularly associated with Phi Labs, a core contributor to Archway.

Investors in Archway

Archway raised $21 million in its initial token sale, which ended in March 2022. The sale included over 9 investors, with a pre-valuation of $144.8 million. The public sale raised $6 million in June 2023 with a round valuation of $200 million. Specific names of individual investors or firms are not listed in the available information.

Fundraising and Support

Archway is supported by a community of investors who participated in its public and private funding rounds. It also benefits from ecosystem grants and strategic partnerships that help expand its network and utility.

For more details, visit the official website: https://archway.io/

Halal Status of Archway

• No definitive ruling: There is no specific information available about Archway's compliance with Islamic finance principles.
• General crypto considerations: Cryptocurrencies can be halal if they avoid interest (riba), excessive uncertainty (gharar), gambling (maysir), and are used for real-world purposes.
• Individual assessment needed: Since not all cryptos are halal, each project, including Archway, should be evaluated based on its structure, use case, and compliance with Shariah principles.
• Summary: Archway cannot be confirmed as halal or haram without detailed Shariah screening.