Abstract
ARG is the official SEP20 token of the Bitcoin Cash Argentina team.
The Bitcoin Cash Argentina team focuses on onboarding new users to the Bitcoin Cash ecosystem.
Their activities are mostly focused on promoting SmartBCH and on advancing the adoption of Bitcoin Cash in Argentina - a country that notoriously suffers from high inflation rates. The ARG team raises awareness for Bitcoin Cash as a convenient, reliable, fast and affordable solution for everyday payments - both online and in the real world. Additionally, Bitcoin Cash is inflation resistant thanks to its limited supply and it defies being controlled by any central entity. Furthermore, it is the fastest and cheapest way to send remittances to friends and family while working abroad.
Ever since the creation of the SmartBCH sidechain, the ARG team made it their mission to onboard new users to SmartBCH. These new users are potential customers who can spend their SmartBCH earnings at businesses which accept Bitcoin Cash for payments. Having more customers that are willing to pay in Bitcoin Cash is crucial for onboarding merchants.
Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash".
SmartBCH is an EVM (Ethereum Virtual Machine) and Web3 compatible sidechain of Bitcoin Cash with a special focus on high throughput and low transaction fees.
SEP20 stands for "SmartBCH Expansion Proposal number 20". It is the SmartBCH equivalent to an ERC20 on Ethereum, or a BEP20 on Binance Smart Chain.
SmartBCH is to Ethereum what Bitcoin Cash is to Bitcoin BTC: A more capable blockchain that is also more affordable to use. Bitcoin Cash brings affordable, secure, uncensorable, borderless, worldwide payments to the entire planet - and SmartBCH does the same for decentralized finance (DeFi).
SmartBCH supports Bitcoin Cash in achieving its mission by attracting attention, users and funds to the Bitcoin Cash ecosystem - and the ARG team ensures its success by marketing and onboarding new users to SmartBCH.
ARG Token Specifications
Contract Address: 0x675e1d6fce8c7cc091aed06a68d079489450338a
Type: SEP20 Token
Decimals: 18
Total Supply on Chain: 1,000,000,000,000
Burned to date: 5,000,000,000
Total Supply - Burned: 995,000,000,000
Additional token mints possible: No
Token burning: Yes
ARG Mission and Goals
The ARG token's mission is to help Bitcoin Cash to achieve its mission.
The best way to unpack and explore this mission statement is by starting with the mission of Bitcoin Cash.
Bitcoin Cash Mission
The mission of Bitcoin Cash is to become the world's preferred currency - a borderless, immutable, uncensorable, fast, quick, affordable and reliable payment method which can be used for worldwide everyday commerce by every human and every machine. The mission is to be a true peer-to-peer electronic cash system which makes financial services accessible to everybody - also to those who haven't had them before. Bitcoin Cash wants to unbank the banked - all the while removing the need for middlemen. Bitcoin Cash wants to give the people the power over their own money.
The Keys to Achieving the Mission: Community, Adoption and Technology
In order to enable Bitcoin Cash to achieve its ambitious mission, several parts need to symbiotically work together. These are technology, community and adoption - and their cooperation makes the whole more than just the sum of its parts.
Every crypto currency needs good technology. In the case of Bitcoin Cash reliability, high performance and scalability are of the utmost importance for achieving the goal of becoming the world's preferred currency.
In the case of Bitcoin Cash the technology is developed by multiple development teams. It is the technology that enables the community to further the adoption of the crypto currency. Without the developers, there is no technology. And without technology, there is no crypto currency. And of course, technology needs adoption. Without adoption even the best technology is useless. It needs users. And these users need to be onboarded. Only when good technology meets adoption, the technology serves its purpose. It is a virtuous circle - or a symbiotic relationship.
The members of the Bitcoin Cash Argentina team have dedicated themselves to raising awareness for and accelerating the adoption of Bitcoin Cash for everyday purchases - both online and in person. The ARG team promotes SmartBCH as a method to earn money in the Bitcoin Cash ecosystem. Money that can lateron be spent within the Bitcoin Cash ecosystem.
The Role of SmartBCH for the Success of Bitcoin Cash
SmartBCH is an EVM compatible and Web3 capable sidechain of Bitcoin Cash. It ports the philosophy and design decisions behind Bitcoin Cash over to the world of decentralized finance (DeFi). Its goal is to provide affordable, reliable and fast DeFi transactions for everyone - not just the wealthy. So far, the existing DeFi platforms have either excluded less wealthy people from participating - due to high transaction costs - or they have sacrificed decentralization and therefore resilience and censorship resistance for lower fees. SmartBCH combines the advantages of both approaches - and eliminates their respective disadvantages - by taking advantage of the inherent parallelism of current computer architectures and by leveraging the decentralized Bitcoin Cash proof of work network for electing SmartBCH validators. In this way SmartBCH benefits from a proof of work consensus mechanism without incurring any extra mining overhead and energy consumption. SmartBCH is simultaneously secured by proof of work and as energy efficient as a proof of stake blockchain.
In addition to providing affordable decentralized finance to the world, SmartBCH will also help the Bitcoin Cash network by providing extra income to miners - which increases the hash rate stability and therefore reduces the risk of attacks on the network. Furthermore, SmartBCH introduces a deflationary mechanism to the Bitcoin Cash network with "fee burning": 50% of the transaction fees on SmartBCH are burnt - both on the SmartBCH sidechain and on the Bitcoin Cash main chain. In addition to fee burning, the Bitcoin Cash coins which are bridged to SmartBCH are locked on the main chain and therefore, they further reduce the supply. These mechanisms will help Bitcoin Cash's price to appreciate. And this in turn means free publicity - which helps with onboarding new users, ultimately pathing the way to the main goal of becoming the world's preferred currency - and replacing fiat currencies and middlemen - such as banks and centralized exchanges.
Additionally, SmartBCH offers its users ways to earn money within the Bitcoin Cash ecosystem. These users may want to spend their earnings at businesses that accept BCH payments. The more users that want to transact in Bitcoin Cash, the easier it becomes to onboard additional businesses and merchants to the ecosystem which is pathing the way for Bitcoin Cash to become the world's preferred currency.
The Bitcoin Cash Argentina Team
The Bitcoin Cash Argentina team is a group of people who have found in Bitcoin Cash the solution to many of the problems of money as we know it, and that is why they are dedicated to promoting its adoption as a currency for daily use.
Bitcoin Cash is an inflation resistant cryptocurrency which offers very cheap transfer fees and fast transfer times. Small payments usually only take a couple of seconds to be accepted thanks to the feature of 0-confirmation secure payments.
The Bitcoin Cash Argentina team onboards merchants, businesses and regular people to the Bitcoin Cash ecosystem. Ever since the creation of the SmartBCH sidechain, the team focuses on marketing for and on onboarding new users to SmartBCH. Each new user is a potential customer for businesses that accept Bitcoin Cash for payments. As the SmartBCH sidechain enables people to earn Bitcoin Cash, they can use their earnings to pay for the goods and services that they need or desire.
By offering earning possibilities SmartBCH provides people with a Bitcoin Cash income stream every day. Consumers who spend Bitcoin Cash are a crucial part of the BCH ecosystem. The ecosystem does not solely need thousands of businesses that accept BCH for payments, it needs users who actually do spend the Bitcoin Cash that they earned. Without the consumers an important part of the virtuous circle is missing: More potential customers motivate more businesses to accept BCH for payments. And more businesses that accept payments in BCH give the potential customers more options to spend the Bitcoin Cash they earned.
Earning Bitcoin Cash in SmartBCH is just one way to generate a BCH income stream. Another way is to receive a salary that is paid out in BCH - and the ARG team is working on that, too.
The ARG team runs the leading website in Argentina on everything related to Bitcoin Cash. Their website provides information and online support on how to use Bitcoin Cash safely - both for personal use and for a business or a company use case.
The ARG website highlights the advantages of Bitcoin Cash - especially for inflation-ridden countries such as Argentina - and shows use cases in which BCH is far superior to alternative payment methods. The prime example is remittances in which a person, who is working abroad, can send Bitcoin Cash to someone in their home country within seconds. The fee for such a transaction is negligible - usually costing less than one Dollar Cent.
Summary
The following quote by Fernando Pelliccioni - the lead developer of the Knuth project and also a Bitcoin Cash Argentina member - summarises the idea behind the ARG token and its mission:
"We believe that BCH is the true p2p electronic cash.
I think SmartBCH is going to give BCH a big boost - that's why we are working to make all this work better and better.
We also believe (some of the BCH supporters) that the launch of these tokens will help attract capital from other Blockchains such as ETH and BSC.
Let's see"
Bitcoin Cash BCH has an ambitious mission. However, it also has the support of the best community in crypto. And the community is a very important part of any crypto currency. The best technology is pretty useless if nobody uses it. Bitcoin Cash offers a great solution to many of the world's problems. However, its adoption in the real world is still relatively low. The citizens of Argentina suffer from a mixture of unfortunate circumstances which peak their interest in looking for alternatives to their inflation-ridden national fiat currency. The ARG team tries to guide the population to the best solution available - which is Bitcoin Cash.
The Bitcoin Cash community is not exclusively driven by the desire to profit. Many BCH supporters are mostly driven by the desire to make the world a better place and to improve the lives of all people. SmartBCH is the next step in achieving this mission.
Supporting Bitcoin Cash has always been the right choice from a moral perspective. With the help of SmartBCH, it became the right choice from a financial perspective as well. Not just the right decision for the individual - but for the whole world.
Bitcoin Cash Argentina Team
Website: https://bitcoincashargentina.com/
Telegram Group: https://t.me/argbch
Telegram Channel: https://t.me/bchchannel (English)
Twitter: https://twitter.com/BCHArgentina
Reddit:
ARG SEP20 Token
Contract Address: 0x675E1d6FcE8C7cC091aED06A68D079489450338a
Telegram: https://t.me/argbch
Price: https://www.marketcap.cash/
Chart: https://chartpro.benswap.cash/?token=0x675E1d6FcE8C7cC091aED06A68D079489450338a
You are doing great buddy. Hope you achieve all your goals. Best of luck.