7th Nov 2016
3 min read

ARK FAQ

ARK Crew Ecosystem

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Who is the management team of ARK Ecosystem? Who will select the management team?

  • The Interim Directorate was voted on by all members of the official ARK Crew.

Where are you based?

  • Our team is spread across the world but will be forming the company / foundation structure in Switzerland.

WHO CAN USE THE ARK Ecosystem?

  • The ARK Ecosystem is intended to be used by everyone.

IS THERE ALREADY AN ARK Ecosystem PROTOTYPE RUNNING?

  • Our dev team is currently working around the clock on our own internal Testnet cluster.

WHO IS BEHIND THE ARK Ecosystem?

  • The ARK Crew is a community driven development team of 30+ individuals located in 15 separate Countries, dedicated to the success of the ARK Ecosystem and the next generation of integrated cryptocurrency and blockchain solutions. With diverse backgrounds including engineering, medicine, education, front-end & back-end development, the ARK Crew has a robust team of diverse experts unlike any other in the space.

Are you launching your own blockchain?

  • Yes, although we are using Lisk Core as the base, by the time we launch our Mainnet, it will be an entirely new blockchain.

WHAT MAKES YOU DIFFERENT FROM other blockchain ecosystems?

  • ARK is a new crypto-currency ecosystem focused on consumer adoption through a series of innovative core technology advancements, practical applications for everyday use, and strategic partnerships with industry leaders. By utilizing the ARK SmartBridge, ARK will be able to link together existing blockchain technologies into the ARK Ecosystem and build a robust platform that will bring a new level of user interaction.

Token Exchange Campaign (TEC)

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How long will the TEC last?

  • The TEC will start on 07 November 2016 @ 19:00 UTC and end on December 11th @ 19:00 UTC.

Where can I participate in the ARK TEC?

  • Once the ARK TEC starts you will be able to create an account to make your exchanges at:

What cryptocurrency can I use to participate in the ARK TEC?

  • Currently we accept direct payments of Lisk and Bitcoin, and many other alt coins via Shapeshift.

Does the ARK Ecosystem support other Cryptocurrencies?

  • We will not accept any other cryptocurrencies directly but you be able to use a third party token exchange ShapeShift to make deposits to your ARK TEC address using any cryptocurrency that ShapeShift accepts.

Are the funds held in escrow?

  • Yes all funds will be secured through highly trusted and reputable 3rd parties via multisignature.

How can I get bounty coins?

  • We will post all bounties on our website and at our Bitcointalk Announcement thread.

When will I get my TEC coins?

  • ARK TEC Coins will be released approximately 01 February 2017.

How will the remaining 25% of the ARK be distributed?

  • 25% of the funds will be distributed to the founding members, helpers, ARKShield program, and advisors.

Will ARK be tradable / Which exchanges will list ARK Coins?

  • TBD

Can I send funds from an exchange?

  • Yes, though this is not suggested as a refund may complicate issues if your exchange does not preserve the same key for refunds.

Can I make multiple deposits to the TEC? For instance, deposit 1 BTC today then another 1 BTC tomorrow?

  • Yes, our system is designed so that you can add more to your TEC deposit account at anytime during the TEC period.

What is the minimum/maximum amount I can deposit?

  • There is no minimum or maximum.

What is the bonus scheme?

BTC+30% Bonus — initial 24 hours +20% Bonus from 24h — 1st week +15% Bonus during 2nd week +10% Bonus during 3rd week +5% Bonus during 4th week 0% Bonus during final week

LISK+120% Bonus — initial 24 hours +70% Bonus from 24h — 1st week +40% Bonus during 2nd week +20% Bonus during 3rd week +5% Bonus during 4th week 0% Bonus during final week

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Whether you want to learn more about ARK Ecosystem, want to apply for developer bounty, become our partner or just want to say Hello, get in touch and we will get back to you.



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