Aark Digital First AMA on Twitter Spaces Recap

Welcome to the recap of our engaging Twitter Space event revolving around “Aark Digital.” This was an informative Q&A session with our enthusiastic community, the “Traders of Galaxy.”

This overview will highlight key points, summarize critical questions and responses, and share crucial insights generated during the discussion. Regardless of your attendance, this summary ensures everyone stays updated and in sync with the progress of Aark Digital.

Questions:

1. Will Aark Digital go multi-chain?
2. How many trading pairs will there be?
3. Will there be swaps in the future?
4. When will there be a mobile version?
5. Are there precautionary measures to face any emergency problems or a sudden fall in the market?
6. Why was the project named ‘Aark Digital’?

1/ Will Aark Digital go multi-chain?

Aark Digital’s initial focus will be on Arbitrum. The team believes in ensuring they have perfected its functionality on this chain before considering expansion.

They’re keeping an eye on the market and liquidity conditions and will consider a move toward other chains when the time is right. This approach suggests a careful, deliberate strategy toward growth and adaptation.

2/ How many trading pairs will there be?

Thanks to their new AMM model, the parallel market maker, Aark Digital is designed to index more than 30 currency pairs. This represents a significant expansion of options for users and traders.

However, the team has clarified that they won’t launch with this many trading pairs immediately but will gradually add more over time, starting with the top or mid-tier assets.

3/ Will there be swaps in the future?

Yes, there will be swaps in the future. Aark Digital will allow users to trade their collaterals at spot markets like Uniswap or 1inch while maintaining their positions.

This means that users can benefit from these platforms’ liquidity and trading opportunities without sacrificing their positions on Aark Digital.

4/ When will there be a mobile version?

A mobile version of Aark Digital is currently in the pipeline. The team has revealed that they are planning to launch it in Q3. This indicates their commitment to providing users with a convenient and flexible trading platform.

5/ Are there precautionary measures to face any emergency problems or a sudden fall in the market?

To deal with potential emergencies or sudden market downturns, Aark Digital has established an insurance pool. This pool is designed to repay users’ bad debt in the event of liquidation failure, providing investors with an additional layer of protection.

Any user can deposit their funds in the insurance pool, and in return, they will receive a portion of the liquidation bonus as a reward. This demonstrates the project’s emphasis on security and risk mitigation.

6/ Why was the project named ‘Aark Digital’?

The explanation behind the name ‘Aark Digital’ wasn’t explicitly provided during this AMA session. It was suggested, however, that the name carries special meaning within the project’s identity.

7/ To Conclude!

Beyond the Q&A, the team discussed some short-term plans for Aark Digital.

There was mention of upcoming announcements about project backers, a hint at essential partnerships, and a teaser about the more detailed benefits available to members for the “Traders of Galaxy.”

To strengthen the platform’s security, the team also revealed that a second audit was underway.