ChainCatcher news, following the launch of the mainnet last month, the developer reward protocol Archway announced the initiation of an incentive mainnet reward program aimed at promoting user education and user expansion for the numerous dapps in the Archway ecosystem. Participating users can earn rewards in the form of Archway tokens ARCH and community XP (experience points).

ChainCatcher news, Phi Labs' Archway has launched on the Cosmos mainnet, and Archway will provide automatic rewards for decentralized application developers on the network. 25% of the Archway tokens are allocated to application developers, while the remaining 75% are allocated to validators.Griffin Anderson, co-founder of Archway, stated that developers building on top will have a primary stake in the underlying protocol, similar to how validators and miners earn rewards by validating the network. (source link)

ChainCatcher news, the Cosmos smart contract public chain Archway announced that it will conduct a token airdrop to reward ecosystem security providers, encourage cross-chain exploration and utilization, and unite and incentivize Cosmos smart contract developers. The airdrop targets include Cosmos Hub stakers, Axelar Bridge users, and Terra Classic contract deployers.It is reported that this airdrop will account for 3.6% of the 5% airdrop allocation. Future incentives may include stakedrops, daodrops, learndrops, and even more complex structures. Next, the foundation will release a qualification checker to allow participants in the target community to determine their eligibility for the airdrop. (Source link)

ChainCatcher news, CoinList announced that the Archway (ARCH) token sale will start at 11 PM Beijing time on June 15, and registration is now open. The total supply is 30 million ARCH tokens, priced at $0.2 each, with a 40-day lock-up period followed by an 8-month linear vesting schedule. Registration will close at 8 PM Beijing time on June 12.It is reported that Archway is a native Layer 1 blockchain of Cosmos, allowing developers to capture the value they bring to the network through novel, developer-centric economics.According to the crypto data platform RootData, the developer behind Archway, Phi Labs, announced the completion of a $21 million seed round financing in March last year, led by CoinFund and Hashed. (Source link)

ChainCatcher news, based on the developer incentive protocol of Cosmos, Archway contributor Phi Labs has appointed former Sei Labs marketing head Dan Edlebeck as the ecosystem director, who will help Archway establish marketing efforts and media activities, and plans to create a community for Archway.According to RootData data, Archway completed a $21 million seed round financing in March, led by CoinFund and Hashed, with participation from 1confirmation, Blockchain Capital, Wintermute, and others. (Source link)