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How & Where to Buy Arweave A Step-by-Step Guide to Buying AR

Arweave Research Center

Arweave Technical Details & Statistics

Tokenomics
  • Market Rank84
  • Market Cap390,472,750
  • Circulating Supply33,394,701
  • Total Supply63,190,435 AR
  • Max Supply66,000,000
Yesterday's Trading
  • 24 HR Volume19,858,983 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

How and Where to Buy Arweave (AR)

Sam Williams and William Jones co-founded Arweave. Williams developed the HydrOS operating system and has experience with distributed and decentralized systems. He acted as a mentor for the Techstars accelerator program and was an advisor for a blockchain-based supply chain company, Minespider.

Jones’ area of expertise is neural networking and graph theory. Williams brought the idea for Arweave to Jones after he supposedly sprouted the idea while walking in Scotland, UK.

Arweave started as a centralized company, launching as Archain in 2017. In February 2018, the network rebranded to Arweave and officially launched in June 2018. In January 2020, it launched a DAO (decentralized autonomous organization).

Arweave received $8.3 million in funding in March 2020 from Coinbase Ventures, Andreessen Horowitz, and Union Square Ventures. Other Arweave partners include Techstars, 1kx, Multicoin Capital, USV, and IWF.

What Is Arweave (AR)?

Arweave is a decentralized data storage network aiming to provide permanent and sustainable storage on the platform. The Arweave website states that it is a collectively owned hard drive that never forgets” and that it can preserve all valuable information and history so that others cannot rewrite it.

“Blockweave” is the core technology powering the energy-efficient Arweave network. A blockweave is a set of “data containing” blocks that link to multiple previous network blocks. Miners must then provide a PoA (proof of access) to the old data before adding the new blocks. Arweave incentivizes miners to replicate valuable data by offering tokens as a reward.

“Arweave enables you to store documents and applications forever.” – Arweave website

$AR is Arweave’s native cryptocurrency token that pays miners on the network to store information indefinitely.

What Makes Arweave (AR) Unique?

The permaweb sits on top of the Arweave network. The permaweb is community-owned by global members who can contribute and receive rewards if they help maintain it. All content on the permaweb is decentralized.

Arweave’s primary focus is to create a sustainable network ecosystem. Developers receive profit-sharing tokens if their applications generate network transaction fees. The Arweave project has a “Boost” program for startups, providing access to the Arweave team and free storage. Developers can build permaweb-based apps via the Arweave incubators.

The Arweave is built and run by people like you. Have an amazing idea for an Arweave application? We’ll pay you to build it. Have extra storage space? The network will pay you to rent it.” – Arweave website.

The Arweave website suggests that 30% of traditional web links break within two years, and its permaweb solution is a permanent way to store your online data.

How and Where to Buy Arweave (AR)?

When you are ready to purchase Arweave (AR) tokens, your first step is to select a suitable cryptocurrency exchange. Binance is a leading crypto platform enjoyed by newbies and experienced cryptocurrency investors and traders. Trading volume is world-leading, and the platform has a wide range of coins and trading markets: –

  1. Visit the Binance website and sign up for an account
  2. If you want access to all Binance services, verify your account by providing the ID documentation required
  3. Fund your account with a supported cryptocurrency, wire transfer, Visa, or Mastercard
  4. On the Binance interface, look for the “exchange” button
  5. Arweave (AR) is paired to AR/USDT, AR/BTC, AR/BUSD, & AR/BNB
  6. The last step is to send your new $AR tokens to a secure cryptocurrency wallet. Binance has a popular mobile wallet called Trust Wallet, or you can store your tokens in the exchange wallet

How do I Sell Arweave (AR)?

  1. You can sell your $AR tokens directly from the Trust Wallet app or log in to your Binance website to the exchange wallet
  2. Locate the “trade” tab and look for $USDT
  3. Sell your $AR tokens for $USDT and then transfer them to an off-ramp platform that supports fiat currencies. Coinbase and Gemini both have an excellent range.
  4. Once you have transferred the $USDT, exchange it (sell) for your chosen fiat currency and request a withdrawal to your bank account

Should I Buy Arweave (AR)?

We cannot advise you about buying cryptocurrencies because it’s a personal choice, and we aren’t qualified to give financial advice. Still, if you wish to purchase $AR tokens, it’s best to do so with an established, regulated exchange like Binance. There are hundreds of crypto exchanges online, but not all have your interest at heart. Binance has a good reputation in the crypto space, and your funds are secure. Gate.io and KuCoin are two other excellent cryptocurrency exchanges.

How do I invest in Arweave (AR)? Safely?

You cannot avoid risk when investing in any financial instrument, but there are steps you can take to avoid losing your money to a dodgy crypto platform. Three of the leading cryptocurrency exchanges have been around for many years serving millions of clients, and these are the platforms we recommend for purchasing crypto tokens like Arweave (AR). So, firstly, sign up with Binance, Gate.io, or KuCoin, and secondly, set up a secure crypto wallet so you can transfer your $AR tokens after purchase.

$AR token pairs on Gate.io and KuCoin

Gate.io – AR/USDT

KuCoin – AR/USDT, AR/BTC