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Arweave (AR) Coin is a project aiming for the permanence of information using blockchain technology. According to the developers of Arweave, this platform and project represent a new system of information storage. In other words, users and developers can use Arweave to store information “forever”.
So, how exactly does Arweave aim to achieve this? Arweave is built on four fundamental technologies and, through them, has created a permanent storage system with low costs and high capacity. The project, which has a Proof-of-Access consensus model, aims to reward people for accessing the system.
What is Arweave (AR)?
The cryptocurrency of the project, which aims to store information forever using blockchain technology, is known as AR Coin. Information storage is facilitated using Arweave Coin. The more storage users contribute to the platform, the greater their chances of earning AR Coin.
As of the time this article was written, Arweave Coin has a unit price of $2.25 and a total market value of $75 million, making it the 124th largest cryptocurrency. On September 1, 2020, AR Coin had reached $7, achieving a total market value of $234 million. Since then, its value has been observed to decrease continuously.
Still, the project, which stands out from other cryptocurrency projects with its information storage model, is based on solid foundations. Those interested in purchasing AR Coin can conveniently and sensibly use the Huobi cryptocurrency exchange.
Where to Buy AR Coin?
Huobi allows you to buy AR Coin in a few easy steps:
- First, you need to deposit Tether (USDT), Bitcoin (BTC), or Huobi USD (HUSD) into Huobi to purchase AR Coin.
- After completing the deposit process, go to the Spot Transactions section at the top and click on the Exchange tab.
- In the opened section, click on the USDT pair and then on AR listed below.
- Next, select the amount of AR Coin you want to buy and click on the BUY AR tab below.
- This way, your AR Coin order will be entered into the market.
- Your order will be executed if someone enters a buy order at the price you want to sell at.
- Your funds, meaning your AR Coins, will be added to your wallet.
