Arcblock (ABT) - Room for 100x?

Arcblock has one of the best stories in Crypto. Meticulously built by a Chinese software engineer now living in Seattle, Arcblock wants to be the standard for decentralized project development.

Age: 7 yrs

Current Market Cap: $215,000,000

Total Supply: 186,000,000 (no plans for inflation near term)

Circulating Supply: 98,580,000 (51%)

Whale Holdings (> 5%): 47%

What is the project?

• Multi-product 'decentralized' dApp development platform with bolt-on apps

• Has an “app store” for developers to sell their dApps on

• Appears centralized, no known DAO on native token

• Designed for both consumer and enterprise deployments

What is the product?

• Core product is an operating system for dAppss called a Blocklet

  • Payment processing, no cost    

  • Identity wallet (DID) compatible with Ethereum    

  • AIGNE, AI tool for LLM & AIGC applications - 3 apps deployed    

  • Blocklet server (done-for-you Blocklet hosting service)    

  • Open Chain Access Protocol (OCAP), for integration of Layer 1 chains  

  • NFT builder

  • Web 3.0 website builder

  • Cloud Storage

Revenue potential

• ABT is required for deploying blocklet

• Various actions cost ABT, breakdown is unclears

• note on Blocket “app store”: Apple charges 30% fee on all profits made on app store

Tokenomics

• Very low supply, 186,000,000, 53% circulating, not inflationary

  • Most of 47% whale holdings appear to be in treasury

• Zero gas fees adn support of any layer 2 chain

• Additional chains are buildable on-top of ABT, inheriting it’s propertis

Team & Community

• Robert Mao, CEO and Chief Architect is a visionary entrepeneur

  • check out his blog (build using Arcblock) at RobertMao.com

• Community forums are built in Mao fashion, in house and hosted on the Arcblock website

Financial partners

• Raised during the wild west ICO days, 7 years ago

Risks & Downsides

• Disappointing price action last bull cycle because product was not ready, has improved since Dec '23

• Lack of transparency from centralization is a risk, but changes to governance action can be made much more quickly

• Adoption will depend on developer experience, other options available

• Scaling a company this size is very difficult, and a different skill set then building a great project. Does Mao have the skills to operate a large enterprise, or will he be able to hire it out?

*Information is not intended to be financial advice to the reader.