INTRODUCING ARVOS
…ARVOS Token represents the next leap forward in on-chain yield generation. Hard coded onto an immutable smart contract, ARVOS works by applying a 1% fee to each transaction and instantly splitting that fee among all holders of the token.
Our new smart contract is constructed in a way that to maximise earning power, certain addresses are excluded from earning fees (E.g. Exchange wallets and liquidity pools such as Uniswap) Calculated by the percentage of ARVO your holdings compared to other ARVO holders within the ecosystem, all ARVO holders are guaranteed to split 100% of the fees received by the network. Once the split is determined, earnings will automatically be directed to your wallet holding ARVO.
The Problem with ARVO v1
ARVO v1 was built to ‘mint’ rewards from the previous smart contract to reward Yield Farmers farming LP tokens by adding liquidity to Uniswap ARVO/ETH pool and ‘minting’ rewards to node holders. This creates inflation in the ecosystem, which over time can devalue the ARVO v1 value. This is an issue which we had to address.
Furthermore, there are many risks when interacting with any DeFi smart contracts such as yield farms which may include vulnerabilities, trust related issues with interacting protocols, unsustainable token economic models and more. DeFi projects often rely on minting new tokens to pay-out rewards generated from smart contracts.
ARVOS Solution
What If? This is the future of on-chain yield generation. As long as you hold ARVO tokens in your wallet, all fees will be distributed automatically with each transaction. No website or interface is necessary for this to happen, and the best of all, this is programmed into the smart contract. The fee generation and distribution are both embedded in the smart contract itself, therefore reducing any potential security risks significantly.
With ARVOS, you just need to hold the token in your wallet to receive your equal % of ARVOS tokens, automatically. These rewards will also compound over time which will increase your share of the total fees from all ARVO distributed. We have developed a more secure and passive way to generate a yield from your holdings of ARVO, which is safer and easier to manage.
Tokenomics
ARVO v2 will have 7000 ARVOS total fixed supply, forever. The split of ARVO tokens will be:
Circulating Supply = 6000 ARVOS
Treasury = 1000 ARVOS
This is how the tokens will remain and because ARVOS will use frictionless yield generation forever, there will never be any inflation in the future of ARVO’s supply.
Conclusion
ARVO v2 offers a truly decentralized experience with the guarantee of zero inflation. As long as you hold ARVOS, you will receive a split of the 1% fee from every transaction. It is a new generation of passive income for ARVOS holders and we are very excited to be upgrading or token to the new frictionless yield generation model, because it will benefit ALL ARVOS holders in a much safer environment.
There’s no need for staking in a vault or pool, which can cost gas fees. No pooling funds, no transactions required to claim rewards, no actions required apart from holding. As a result, users do not have to interact with any external contracts or website interfaces. Yield generation through fees and distribution are hard-coded into the smart contract. Every holder will be incentivized proportionally to their current holding of ARVOS.
Consequently, security risks are lower: If Ethereum exists, so does ARVOS.
Node Rewards
We will keep nodes in ARVOS because we will require nodes to suggest proposals for the new use case for the project. The same requirement will be needed to become a node holder, you will just need to hold 100 ARVOS. ARVOS nodes will receive 0.25% of the treasury rewards per week split equally between all the nodes on the system and the Chainlink VRF integration will be kept to allow us to continue the Weekly Lucky Winner prize incentive for node holders. The Weekly Lucky Winner will receive 0.25% extra from the treasury rewards as an extra bonus, on top of the node holders rewards.
