ARK is one of the most well-known, misunderstood, and potentially frustrating cryptocurrencies in the entire market. It’s also among the best possible investments. ARK can be tough to understand because it’s trying to do so much! However, ARK makes steady progress and may be on the verge of changing blockchain forever.
ARK was one of the most successful ICOs of all time when it debuted more than a year ago. This is true both in terms of funds raised and investor returns. Those who bought their ARK coins at just a few cents each were over-the-moon when the Ark coin price topped $8. The Ark coin price is lower today, but this could change.
Throughout the rest of this ARK coin guide, we’ll talk about what this project is, what they hope to accomplish, and the unique investment potential of the ARK coin. Stay tuned!
What is the ARK Ecosystem?
There are some cryptocurrency projects which are trying to accomplish one specific goal (Request wants to be the best worldwide payment network). There are other blockchain protocols, like ARK, which want to create numerous innovations. Here are some of the things the ARK team is working to accomplish.
Interoperability Between Blockchains. ARK has complex technologies that allow developers to command certain actions on one blockchain (like Ethereum) from a totally different blockchain (like Bitcoin). ARK wants to link together all major blockchains so that complex actions can be accomplished between them.
Smart Contracts. In the next couple of months, the Ark Virtual Machine should be completed, allowing developers to create smart contracts (a la Ethereum). ARK supports all major programming languages, so this can attract a huge range of talents from around the world.
Push-Button Deployable Blockchains. ARK is a platform for mainstream adoption. One of the most important mainstream needs of blockchain is for users and businesses to be able to easily create their own blockchains. ARK is similar to LISK in this regard (and in fact, ARK broke off of LISK), but some think ARK’s team is superior.
Wearable Payment Systems. ARK is developing hardware – wearable payment systems and cards. We haven’t got a look at these yet, but on the ARK Roadmap, this project is farther along than many.
Hardware Wallets. Another hardware project, ARK plans to introduce its own line of hardware wallets, a la Ledger. ARK’s software wallet is called by many the best digital wallet in crypto, so we’re excited to see what they might concoct in the hardware world.
Basically, ARK wants to be the technology through which all major digital blockchain networks are interlinked and cooperated. They want the ARK coin to be the fundamental currency of this system, able to make purchases and micropayments, even for payments which technically require USD, Bitcoin, Ethereum, or other currencies. If ARK accomplishes even half of what they’re setting out to do, it’ll be one of the biggest blockchain projects in the world.
Why is ARK Amazing For Investors?
Perhaps the coolest ARK feature for investors is the promise of “dividends” for people who hold ARK. This is intimately linked to ARK’s innovative governance model. ARK has 51 “delegates” who receive new ARK coins introduced into the system, and who have voting power for important decisions in the network.
People who own ARK coin can vote for these delegates. Users vote by “Staking” their ARK coin, which locks it into the ARK coin wallet until the user decides to take it out. The delegate who benefits from the user’s vote commits to sharing the ARK coin rewards with the voter. This results in passive income for the user.
Most delegates share 90% or more of their weekly coin rewards with their voters. In practice, this allows voters to receive about 9-11% in compounding passive returns each year. Full disclosure, this writer has been enjoying this system for months, during which time hundreds of free ARK have been earned with no effort at all.
ARK coins also stand to gain in value. The ARK coin price is several times what it was 6 months ago, but the current market cap is only about half a billion USD. Once the ARK VM and ARK core V2 are launched, a market cap of several billion is not unlikely. Today could be one of the last best times to buy ARK.
Ready to Invest in ARK?
There are many reasons to be excited about ARK, and it’s important to point out that ARK is closer to accomplishing their goals than many competitor projects. You see, the ARK team (headed by crypto genius Mike Doty) has already created two previous successful blockchain projects: LISK and Crypti.
They’ve also been working longer on this project that much of the competition. EOS and Cardano plan to do some of the same things as ARK, but neither are anywhere near to having a working product. ARK, meanwhile, is likely only a couple of months out from releasing their two most important products: ARKVM and Core V2.
We believe in ARK and that this is the time to buy ARK. If you’re feeling convinced, take some time to read about the project on your own. Then we’ll talk about a couple of different ways to buy ARK in the rest of this ARK coin review.
How to Buy ARK Coin
ARK is sold through many brokers and exchanges, but there are two ways which stand out as the easiest and most reliable: CryptoGo and Binance. We’ll cover both, as these will appeal to two different kinds of customers.
Both of these methods will require you to download the ARK wallet, for desktop or mobile. Both work equally well. Go to ARK.io and click on “Wallets” to choose the desktop wallet, or get the ARK mobile wallet from the Apple or Android App stores. Download them, write down and store the private keys, and take note of your address. Your address can be found on the ARK wallet main page, at the top middle.
How to Buy ARK Coin With CryptoGo
CryptoGo is the easiest way to buy cryptocurrencies. Not only can you buy ARK coin, but CryptoGo will also get you any other cryptocurrency you need, no matter how obscure. You can pay for your CryptoGo ARK order with credit/debit card or bank wire transfer – you won’t even need to buy Bitcoin to make this purchase! Here’s how it works.
Start by going to the CryptoGo.com homepage. Here, you’ll be asked to input some basic personal information just to prove you’re a real human being.
On this page, you’ll be asked to put in some information about the order you want CryptoGo to complete for you. Make sure to include your ARK wallet address (discussed in the previous section). This is where CryptoGo will send your ARK coins once your order is complete. All you’ll have to do is wait!
Here, give CryptoGo the personal information, including government ID, which they request. You’ll be able to complete your order by paying with credit/debit card or bank wire transfer. Complete the purchase, then hang out for a few minutes/hours while CryptoGo completes your order. By no later than tomorrow, your ARK coins will be safe and sound in your ARK wallet.
How to Buy ARK Coin on Binance
For those of you who want to buy ARK coin for yourself using a conventional cryptocurrency exchange, Binance is definitely the place to do it. First, you’ll have to buy Bitcoins, which will then have to be sent to your Binance wallet. Buy Bitcoins using Coinbase, Coinmama, CEX.io, or Changelly. When they’ve arrived, send them to Binance by doing the following.
Create your account at Binance.com. Click on the links in the registration emails sent to you by Binance. Always make sure to choose a unique password and username.
Once inside your account, make sure to set up 2 Factor Authentication. This will require you to input a 6 digit code, updated every 30 seconds, from an app on your phone each time you login with your normal password. Since no one else will have this app, this will do a lot to ensure that you are the only one who will have access to your Binance account.
Click on “Funds”, then “Balances”. This will take you to the wallet page where all of the wallets for coins supported by Binance are stored. Type “Bitcoin” into the search bar as pictured above. The Bitcoin wallet will pop up (“BTC”). Click “Deposit”. The following menu will appear.
Note the “BTC Deposit Address” pictured above. This is the address where you’ll send your Bitcoins. Copy or write down this address, then take it to the exchange wallet where your Bitcoins are currently stored. Select “Send” or “Withdraw” for Bitcoin, and paste this address into the address line. Send the Bitcoins. In half an hour they should arrive in your Binance Bitcoin wallet.
Click on “Exchanges”, then “Basic”. This will make the above menu appear. On the right side of the screen, notice the “BTC”, “ETH”, “LTC”, and “USDT” boxes with the associated trading pairs beneath them. Make sure the “BTC” box is selected (it’ll turn yellow). Now type “ARK” into the search line. This will bring up the ARK/BTC pair. Click it, then take your attention to the bottom of the screen with the little menu with the green button.
Here, you’ll see the current price of 1 Ark coin. Type the number of ARK Coins you want to buy right now at this current Ark price. You can also choose to simply use 25%, 50%, 75%, or 100% of the Bitcoin currently in your Binance wallet. The Ark price will, of course, determine how far this will go. When you’re ready, click “Buy ARK”.
How to Send ARK Coin to Your ARK Wallet for Safekeeping
Your ARK will be safest in your own wallet, off of the Binance exchange. If you’ve been following along, you already created your ARK Wallet as explained several sections above. Go there now and copy your ARK wallet address. Now head back to Binance, under the “Balances” section.
Type “ARK” into the search bar as pictured. This will bring up your Binance ARK wallet. Click “Withdrawal”.
This will make the above menu appear. Paste your ARK wallet address into the “ARK Withdrawal Address” line. Select “Max” under “Amount” and hit “Submit”. Your ARK coins should arrive in just a few minutes.
When you’re ready, vote for an ARK delegate. You can learn more about the current ARK delegates from Reddit. When you’re ready, input your choice into the “Vote” section of the ARK wallet. Pay your 1 ARK voting fee, then enjoy as the free ARK trickles in over the coming days and weeks.
Final Thoughts on ARK
ARK is one of the most remarkable projects in cryptocurrency. The ARK team is aiming to change, not just the global blockchain industry, but the world financial payments system in general. The ARK technology has big implications for the internet, the future of digital applications, and communication mechanisms between nations, languages, and governments.
This is big stuff and ARK has a lot of work to do before they achieve their goals. But with so much already accomplished, and two big milestones on the verge of completion, ARK is one of the biggest buying opportunities of Q1 2018. Buy now and we think you will definitely not regret it. Even if ARK doesn’t go to the moon tomorrow, you’ll still be able to enjoy ARK “dividends” from the delegate you vote for.
We think ARK will be one of the biggest crypto stories of 2018. Get in now and start paying close attention to the updates as they are released. ARK may be low-key, at least as marketing is concerned, but their ideas are huge, and you can bet when they finally ask for your attention, they will 100% deserve it.
How to Buy Ark While There's Still Time
ARK is one of the most well-known, misunderstood, and potentially frustrating cryptocurrencies in the entire market. It’s also among the best possible investments.