Arkeo (ARKEO) Staking

About Arkeo

Arkeo is a decentralized network designed to provide a censorship-resistant, open marketplace for various types of indexed blockchain node data. By enabling individuals to operate full nodes for multiple blockchains,such as Bitcoin, Ethereum, and Cosmos, Arkeo facilitates direct, trustless interactions between data providers and consumers. This approach enhances the development of decentralized applications (dApps) by reducing reliance on centralized data services and promoting data sovereignty.

What Makes Arkeo Special

1. Decentralized Data Provision

Arkeo allows anyone to become a data provider by running full nodes of various blockchains. These providers can set their own pricing models, fostering a free-market environment that promotes competition and fair pricing. This decentralization ensures that no single entity controls access to blockchain data, aligning with the core principles of Web3.

2. Trustless Payment Mechanism

The network implements a trustless payment system where users can pay data providers using any Inter-Blockchain Communication (IBC)-enabled asset. This system supports micro-payments and eliminates the need for intermediaries, streamlining transactions and enhancing flexibility for users.

3. On-Chain Reputation System

Arkeo features an on-chain reputation system that evaluates data providers based on metrics such as provider age, user retention rates, and income statistics. This transparency enables users to make informed decisions when selecting data providers, fostering trust and reliability within the network.

4. Community-Driven Ecosystem

Incubated by the ShapeShift DAO, Arkeo emphasizes community involvement in its development and governance. Through initiatives like airdrops targeting FOX holders and members of the Cosmos and THORChain ecosystems, Arkeo ensures a diverse and engaged stakeholder base, reinforcing its decentralized ethos.

5. Modular and Interoperable Architecture

Built using the Cosmos SDK and Tendermint, Arkeo's architecture is modular and designed for interoperability. This design allows seamless integration with various blockchain networks, enhancing scalability and flexibility within the Web3 ecosystem.

ARKEO Staking FAQ

How much can I make staking ARKEO?

The return from staking ARKEO varies based on the network's overall staking participation and specific validator commission

How do I receive my ARKEO rewards?

ARKEO rewards need to be claimed.

When can I start earning rewards with ARKEO?

You can start earning staking rewards once your ARKEO tokens are successfully delegated to a validator

Can I sell ARKEO while it is locked up?

Staked ARKEO tokens cannot be sold, they need to be unstaked first. The unstaking period for ARKEO is 21 days.

What are the risks around staking ARKEO?

Staking ARKEO comes with risks like slashing (penalty for a malicious validator), price volatility, and liquidity risk (inability to sell during the lock-up period).

What consensus algorithm does ARKEO use?

Comet BFT consensus algorithm