Question 1

What is it?

Accepted Answer

**Token:**
ARK is a native cryptocurrency token of the ARK Public Network (APN). The ARK token represents a unit of account on the APN, ensuring the smooth operation of the network, validating transactions, and securing the distributed ledger.

**Platform/Project:**
The ARK Public Network (APN) is a blockchain platform designed to empower developers and users by providing a suite of tools to create and deploy blockchains. The ARK ecosystem emphasizes interoperability and aims to facilitate communication among different blockchains. With the "Point. Click. Blockchain." initiative, ARK aims to streamline the process of creating a personalized blockchain.

Question 2

What is it used for?

Accepted Answer

ARK tokens serve multiple purposes within the ARK Public Network. They are used for:

**Transaction Fees:** Whenever a user initiates a transaction or performs an action on the ARK network, they pay a small fee in ARK tokens.
**Delegated Proof-of-Stake (DPoS):** ARK employs a DPoS consensus mechanism. In this system, ARK token holders vote for delegates responsible for validating transactions and maintaining the network's security. Voting power is determined by the number of ARK tokens a user holds.
**Staking:** ARK token holders can stake their tokens to earn passive rewards. By staking ARK, users contribute to the network's stability and security.

Question 3

Who created it?

Accepted Answer

ARK was created by a group of 27 individuals from diverse backgrounds who shared a common vision of enhancing blockchain technology's adaptability and reach. The project was launched in 2016, and since then, the ARK team has expanded, comprising various experts in the fields of blockchain development, business strategy, and software engineering.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ARK-USDT ARKUSDT	binance	AA	0.1747USDT	2.64%	1,105,693.00ARK	1,693	0.1702USDT	0.1772USDT
2	ARK-USDT ARK_USDT	whitebit	BB	0.1743USDT	2.41%	514,616.00ARK	5,258	0.1702USDT	0.1775USDT
3	ARK-TRY ARKTRY	binance	AA	8.62TRY	2.38%	414,690.70ARK	236	8.42TRY	8.76TRY
4	ARK-USDT ARK_USDT	gateio	A	0.1739USDT	2.25%	28,481.00ARK	158	0.1701USDT	0.1762USDT
5	ARK-USD ARK_USD	cryptodotcom	AA	0.1762USD	1.05%	452.60ARK	1	0.1744USD	0.1762USD
6	ARK-KRW KRW-ARK	upbit	B	233.00KRW	1.75%	2,457,604.01ARK	1,180	229.00KRW	236.00KRW
7	ARK-KRW ARK_KRW	bithumbkorea	-	232.00KRW	2.20%	694,391.52ARK	283	227.00KRW	236.00KRW
8	ARK-USDT ARKUSDT	mexc	C	0.1744USDT	2.42%	681,133.66ARK	3,240	0.1703USDT	0.1773USDT
9	ARK-EUR ARK-EUR	bitvavo	B	0.1582EUR	2.95%	54,536.43ARK	70	0.1536EUR	0.1594EUR
10	ARK-BTC BTC-ARK	upbit	B	0.0₅2180BTC	0.00%	0ARK	0	0.0₅2180BTC	0.0₅2180BTC
11	ARK-USDT ARKUSDT	latoken	D	0.1719USDT	-1.01%	57.56ARK	1	0.1737USDT	0.1737USDT
12	ARK-USDT ARKUSDT	hitbtc	E	0.1990USDT	0.00%	0ARK	0	0.1990USDT	0.1990USDT
13	ARK-BTC ARKBTC	hitbtc	E	0.0₅2605BTC	0.00%	0ARK	0	0.0₅2605BTC	0.0₅2605BTC