Everything you need to know about $AR

Current price: $ fetching data...

Contract Address:

Ticker: $AR

Blockchain Network: Solana

Apr 11, 2024

What is $AR?

Arweave ($AR) is a decentralized storage network that offers a platform for the indefinite storage of data, aiming to provide scalable, cost-effective, and permanent data storage. It connects people who have extra available computer disk space with those who need more computer storage, incentivizing participation with the AR token.

The $AR token is the native cryptocurrency of the Arweave network, a decentralized storage platform. It incentivizes miners to store and replicate data on the network, ensuring the permanence and accessibility of stored information. The token is used to pay miners for providing disk space and replicating the data stored in the network.

Arweave's blockweave architecture is a key feature of the network. Unlike traditional blockchains, where each block is linked to the previous block, in Arweave's blockweave, each block is linked to the following block and two previous blocks: one preceding block and a second block from the network's blockweave history known as its "recall block." This design allows for more efficient data storage and retrieval.

This chart visualizes the current price of $AR to the US dollar.

Here's a step by step guide on how you can buy $AR.

Option 1: Download Tori Wallet.

Tori is the simplest self custodial mobile wallet that allows you to access crypto opportunities. Instead of buying crypto on a centralized crypto exchange (like Kraken, Coinbase, or Crypto.com), setting up a self custody wallet (like Phantom, Metamask, or Coinbase Wallet), and the 5+ other steps with accessing the world of crypto, Tori simplifies the entire experience into one simple app.

Step 1: Setup Your Account

With Tori, you'll have to do the following:

  1. Create your account with passkeys.

  2. Upload your ID to authenticate your account.

  3. Connect your bank account.

Tori Wallet is currently available on IOS and Google Play Store, but only limited to U.S residents at the moment.

Step 2: Deposit money into your trading wallet.

Once you've connected your bank account, you're able to deposit up to $50,000 USD with no fees.

It takes approximately 1-3 days for your money to settle. From there you can start accessing the world of crypto!

Step 3: Select $AR to trade.

Once you have money in your trade balance, you can click trade.

Select $AR.

*Token prices in the screenshots below are outdated*

Step 4: Buy $AR.

Once you select $AR, you can now swipe to confirm your purchase.

*Token prices in the screenshots below are outdated*

Step 5 (Optional): Sell $AR whenever you want.

Whenever you're ready to sell, you can sell $AR and get USDC, which you can withdraw right into your bank account.

*Token prices in the screenshots below are outdated*

Option 2: Use a centralized exchange, self-custody wallet, and DEX's.

To buy $AR as a crypto beginner, you can follow these steps:

1. Get a Crypto Wallet: You'll need a digital wallet to store your $AR tokens. Popular options include Phantom, Solflare Wallet, or Coinbase Wallet. Download and set up your chosen wallet.

2. Purchase Solana (SOL): $AR is a token on the Solana blockchain. You'll need to buy some SOL to cover transaction fees and to swap for $AR. Use a reputable exchange like Coinbase, Binance, or Kraken to purchase SOL with your local currency.

3. Transfer SOL to Your Wallet: Withdraw your SOL from the exchange to your wallet. Make sure to double-check the wallet address before confirming the transfer.

4. Choose a Decentralized Exchange (DEX): You can use a DEX like Raydium, Orca, or Serum to swap your SOL for $AR. These platforms are like marketplaces where you can trade cryptocurrencies directly with other users.

5. Connect Your Wallet to the DEX: Follow the DEX's instructions to connect your wallet. This usually involves clicking a "Connect Wallet" button and selecting your wallet type.

6. Swap SOL for $AR: Once your wallet is connected, you can swap your SOL for $AR. Enter the amount of SOL you want to trade, and the DEX will calculate how much $AR you'll receive. Review the details and confirm the transaction.

7. Wait for the Transaction to Complete: The swap might take a few seconds to a few minutes to complete. Once it's done, you should see the $AR tokens in your wallet.


Certain content has been prepared by third parties not affiliated with Utopia Labs Corp. or any of its affiliates and Utopia Labs Corp. is not responsible for such content. Utopia Labs Corp. is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information on content could be out-dated. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Utopia Labs Corp. makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary.

© 2024 — Utopia Labs

Utopia Labs is a financial technology company, not a bank.