Like Jacy token, Arch Angel token is one of the least known tokens that few gem hunters are tipping to explode in 2022. Just saw you know, I got to know about this token through a Reddit conversation I followed. I have decided to review the coin, to find out why whether the Arch Angel token is legitimate as they say. Or whether it’s another dressed-up scam like the Squid Game.
If you are new to my writing or my videos. I review coins and tokens with clarity, with a tone every day people understand. The intention of this review is not to promote or disparage any token. But to assist investors, potential investors and those who are curious about projects differentiate between the safe and the unsafe ones.
Many people have fallen into scams, that have made them lose everything. I try to help people prevent that with my reviews.
I’ll start by telling that I’m not a banker or financial expert. I will not be held responsible for your financial decisions.
With that start, let’s define what Arch Angel Token is.
What is Arch Angel Crypto?
According to coinmarketcap.com, the ArchAngel Token (ARCHA) is a community-driven cryptocurrency project that develops innovative solutions designed to accelerate the global adoption of cryptocurrencies and digital assets.
From this short description of the token, it is clear that this token strategy is to adopt a community token even as it has a strong use case. I like that about it.
Moving on, the website describes the project as simply a token engineered to drive crypto mass adoption. In the developer’s own words, the ArchAngel project focuses on providing crypto and digital asset users, investors, and enthusiasts with an ecosystem of projects that improve their use of crypto.
In essence, this token’s objective is to build easy-to-use applications and tools that help people understand and use cryptocurrencies. Some of the projects being built in its ecosystem are as follows;
Guardian: This platform will focus on crypto solutions and tools across all sectors. It is billed to be released in the first quarter of 2022.
Scratch. This platform will be a real-time NFT Market evaluator, research, and Defi platform. This app is also scheduled to launch in the first quarter of 2022.
BrainStem. This platform will be a video library focused 100% on crypto and digital assets. It is planned to be launched in the first quarter of 2022.
SpyDr. This is a platform that protects users and projects. The platform is for security solutions, services, and utility. It is billed to be launched in the second quarter of 2022.
GenaLock: This is a personal Defi asset locking & release component. This project is scheduled to launch on the second of 2022.
Herald: This is the last component in the ecosystem. It is a project-level communication platform that reaches 100% of the community. It is also billed to be released in the second quarter of 2022.
To know more about these platforms in the Arch Angel token ecosystem, download and read their white paper.
Arch Angel Token has a total supply of 100 quadrillions (ARCHAS). 45% of the total supply has been burnt. The buy and sell tax is 6%. For those who do not know what that is. This means that whenever an investor decides to buy Arch Angel Token, a 6% tax is deducted from his initial investment. This buy tax is cheap and not exploitative like the buy and sell tax of many projects out there.
Here’s how the 6% tax is used.
2% goes to the burn address. This makes the token deflationary. For those who do not know deflationary tokens are tokens that are designed to become more valuable as time pass.
2% reflections tax goes directly to each holder proportionately from each transaction. For those who do not know. A reflection token rewards loyal holders of the token by giving a certain part of the tax to the holders.
2% goes towards the development of utilities and the project. 2% to marketing to grow the brand. 1% to charity to give back to our communities.
Developers Behind Arch Angel Token
The team that oversees the day-to-day running of Arch Angel token is semi-doxed, in my opinion. Because did they did not provide links to their verified social media handles or give their real full names. They only made links to their telegram group available. Which is not enough. Although the team claims to have KYC’d with three different organizations.
Through tokensniffer, we find out that Archa’s contract is very unique. That is, the developers formulated the contract themselves. This is a positive. We also find out that there are no whales in the Arch Angel token ecosystem. This is another positive. The only drawback is the fact that the contract has a pause function. This enables the developers of the token to pause transactions in the Arch Angel ecosystem. Aside from that, everything is great with the token. I believe the token is legit. Although, its marketing has to improve for it to fulfill its potential.
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