Arcade City WhitePaper is Now Public! @ArcadeCityHall
![](https://steemitimages.com/640x0/http://www.randyhilarski.com/wp-content/uploads/2016/10/arcade-city-white-paper-steemit-randy-hilarski.jpg)
Arcade City has Released Their WhitePaper Prior to the Upcoming ICO Sale.
To see the full Arcade City WhitePaper go to the link. The Arcade City ICO has been one of the most talked about Ethereum based Crypto Currencies of the year.
The Crowdsale.
The ARC token sale will start on November 1, 2016 at 3pm UTC and will run for a period of 28 days.
During the 28-day period, people can purchase tokens by sending ETH to a smart contract. The contract address will be announced on the Arcade City website a few days before the start of the token sale.
What is Arcade City?
Arcade City is a decentralized global community of peer-to-peer service providers and consumers. The core technical offering is an Ethereum-based app for web, Android and iOS. Arcade City features an open ecosystem with forthcoming APIs to enable developers and entrepreneurs to easily create their own apps and service offerings as part of the Arcade City network. Initial service offerings focus on the ridesharing industry, with plans in motion for peer-to-peer deliveries and short-term home rentals.
Arcade City aims to reinvent the sharing economy by combining the power of blockchain technology, open-source development, platform cooperativism, and a decentralized ‘swarm’ organizational model open to all.
How is the Token Distribution Broken Down.
![](https://steemitimages.com/640x0/http://www.randyhilarski.com/wp-content/uploads/2016/10/the-arc-token-arcade-city.jpg)
What is My Part in the Arcade City Project?
Over the last week I met with the Arcade City team multiple times. We $200 Social have agreed to help the Arcade City team with the ICO process across social media. We look forward to seeing what the team comes up with and promoting the ARC token across the web.
Good job. I've been waiting on this for this ICO for a while. Thanks for reminding me. I'll have my standard ICO BTC quantity ready for investment on the 1st - well it's not a secret, after the DAO I'm not investing any more than 1 BTC/or ETH equivalent in any ICO.
Arcade City is a Scam
You are welcome
I will look into it:) Wow it looks pretty damning. Thanks for the warning I will need to look into this a bit further.
I am glad to help!! I will have my standard 1 BTC worth of Ether read as well.
Thanks. I think that is the best strategy. It is not a small amount of money but it isn't crazy high either. I went a bit crazy putting about 10 BTC worth in the DAO and it was just plain stupid. I bought the line that it couldn't fail - more fool me! I've learned my lesson now - a good investor exercises some restraint too, otherwise it just becomes like gambling.
We all lost money on that Titanic. I actually only did 1/2 BTC into that one.
You're lucky. Yes definitely a Titanic - in some ways worse because it didn't just go down once and get it over with!
You didn't get all yours back? I came out slightly ahead on The DAO debacle.
I got it back but it was worth significantly less than it had been before the whole thing. So I see it as a big loss.
Oh, yeah. I see. Mine would have just remained in ETH anyway, so I didn't really feel it. I didn't even look at the USD difference.
Sorry for your loss. That stinks.
no invester lost from the dao, only gained
oh. interesting. never heard about this one.
so the target group is communication for rentals ?
Arcade City aims to decentralize ridesharing by integrating the Ethereum blockchain to facilitate true peer-to-peer transactions, using the ARC token as means of payment and cutting out the greedy middleman. Giving drivers complete freedom to operate independently and earn fare wages, while giving riders more choices. Both parties negotiate a fare compensation and riders can choose their own drivers. Collectively individuals and communities will thrive.
In the beginning the focus will be on Ride Sharing. Their target is the UBER users. They will expand from there.
interesting.
can you explain in a few words, why this would need a crowdsale or even some holders of invested tokens ?
Of course a crowdsale makes sense.
but what will be the "work" of the tokenholders to benefit them ?
It is decentralized. Check out the WhitePaper, it explains it all. https://docs.google.com/document/d/1Fm39dHCJmAAZ-P5C-qOc4P2f0Vx__84AhDD98LPNLVY/edit#
i already noticed the link of the whitepaper in the post ;).
but anyway. thanks for sharing this. very interesting !
I thought it was using ether, what is the coin for? Is it not using ether?
Christopher David, the CEO of the project is a known scammer. Here is exposed from his former partner. (not suprised at all he is good buddies with TDV).
https://medium.com/@CTUAgentIvan/an-american-fraudster-the-dirge-of-christopher-david-91578015ddf#.7tssj7nvm
Never judge a project by its idea but from the people in charge.
We will see as usual. At the rate I am going if I listened to the opinions of other people I would never have clients. Everybody has skeletons in the closet.
Very cool Randy. I've been watching these folks, hoping they'd be able to make a good splash. Very glad your on it to help them.
I have to admit I was super surprised when one of my buddies recommended me to them. It was mentioned in the morning and by the afternoon we were on the team. I love doing business that way!! Thank goodness for Skype.
This is how the Arcade City Swarm gets it done!! Welcome Aboard!!
We are thrilled!
Are you the "official" Arcade City" rep on Steemit?
I've been excited about the arcade city proposal since I read about it in January. A real game changer.
I learned about it through an interview of Christopher by Jeff Berwick. It is such an amazing idea and I hope that it has huge success.
Thank you Randy!!
You are welcome Jenn!!
Wow - you have been busy lately! Congratulations on landing all of these media campaigns. You must be doing something right.
Our focus shifted this year to Crypto and wow it is an amazing ride.
Happy to have you on the team Randy! :))
Pumped to be part of it!
Ah thanks for the great news! I've had that app on my mobile for quite some time now.. nothing much seem to be happening though! Can't wait for the ICO.. gonna devour the whitepaper now :D
I don't expect anything less. Arcade City is one of the top ICO's I have been following as well. Long time coming.
IIRC first cap was 500 million USD, now down to ~100 million. That's a step in the right direction, but still too high. Why such a high cap? Post-DAO recommendations were to keep ICO caps below 10 million.
Edit: Don't mind me this is wrong, see answers.
Arc is only 84,000,000 but each one is .10 cents usd the first hour of the token sale.
at .1 USD per ARC token - the coinsale is worth about 8,400,000 USD.