What Is ARK Institute (ARK)?
ARK Institute is an organization that leverages blockchain technology and the ARK token to provide self-sustainable funding for charitable organizations and non-profits that have passed their stringent vetting process. The ARK token represents voting power for decentralized funding of vetted charities and non-profits, and it can be purchased on decentralized XRPL exchanges. ARK Institute aims to enable charities that sow the seeds of life for the good of humanity to forget about having to put their own hand out to continue providing their much-needed services to the world. ARK token holders exercise their voting power to determine the distribution of funds to highly vetted organizations that seek to build humanity and quality of life. The ARK token is one of three tokens in the Reaper Financial ecosystem, alongside Reaper (RPR) and Ascension (ASC).
Who Are the Founders of ARK Institute?
Patrick Riley a 16-year Combat Medic Veteran and the founder of Reaper Financial LLC, Patrick has a proven track record of service, commitment, and leadership. As a Platoon Sergeant and Non-Commissioned Officer-in-Charge Patrick has led large-scale, joint task force, multi-disciplinary operations. He has worked and negotiated with high level foreign government officials concerning their nation's healthcare and defensive capabilities. Patrick Riley brings a unique perspective as the founder of multiple XRPL tokens. Reaper Financial LLC was founded by Patrick L. Riley in October 2021, serves as the parent company that oversees various XRPL tokens, including RPR, ASC, and ARK.
Jason Cooper is an experienced Credit Coach and co-founder of Reaper Financial LLC, with a proven track record in the credit repair industry. He possesses a diverse skill set that includes expertise in sales, cold calling, customer relationship management (CRM), and ensuring customer satisfaction. With a demonstrated history of success in his field, Jason Cooper brings valuable experience and proficiency to the team at Reaper Financial LLC.
What Makes ARK Institute Unique?
ARK Institute is unique in its approach to providing charities with self-sustainable funding. Instead of relying on traditional fundraising methods, ARK Institute utilizes the power of blockchain and cryptocurrency to enable charities to become financially independent. Through the use of the ARK token, ARK Institute allows token holders to vote on which charities should receive funding, and the funds are distributed based on the percentage of votes each charity receives. This provides a transparent and democratic process for distributing funds to charities.
Additionally, ARK Institute sets strict criteria for charities to pass before they can receive funding. These criteria include sustainable models for continued impact, building the subject rather than buying it, and well-established accounting practices. This ensures that the charities supported by ARK Institute are trustworthy and have a track record of making a positive impact.
Furthermore, ARK Institute provides passive income to ARK token holders through the DRIP (Distributed Reaper Income Payments) and RAIN (Reaper Ascension Income Network) programs. This incentivizes holders to continue to hold ARK tokens and participate in the voting process. Overall, ARK Institute's unique approach to charity funding and focus on transparency and sustainability sets it apart from traditional charity organizations.
ARK Institute operates under the parent company Reaper Financial, and both entities share similar tokenomics. However, while Reaper Financial focuses on providing businesses and individuals with financial services, ARK Institute is focused on providing funding to charities and non-profit organizations. ARK Institute uses the blockchain voting mechanism of Reaper Financial to determine the distribution of funds to vetted charities based on the votes of ARK token holders.
The total supply of ARK tokens is 100 million, with 1 million additional tokens minted and sold at market price each month to support the token's utility.
The proceeds from the sale of these newly minted tokens are distributed as follows:
50% of the funds are allocated to charities based on the percentage of votes they received from ARK token holders
25% of the funds are used to buy and distribute RPR tokens to ARK token holders
25% of the funds are used to buy and distribute ASC tokens to ARK token holders
ARK token holders can cast their votes for their preferred charities, and each token they hold represents one vote. The votes are tallied using a blockchain voting mechanism provided by Reaper Financial.
ARK token holders also benefit from passive income in the form of RPR and ASC tokens, which are distributed to their wallets based on their ARK token holdings. The more ARK tokens a holder has, the more votes they can cast and the more passive income they can earn.
What purpose does ARK Institute (ARK) serve?
ARK Institute aims to provide a self-sustainable method of funding for highly vetted charitable organizations. By utilizing the ARK token and a blockchain voting mechanism, ARK holders are able to determine the distribution of funds to these organizations. The ARK token allows for transparent, traceable, and directable funding to support human-growth organizations that offer support and nurturing to all forms of life. The goal is to enable charities to become self-funding, allowing them to concentrate on carrying out their primary mission without the burden of fundraising. The ARK token also provides holders with passive income in RPR and ASC tokens based on their ARK token holdings.
Read more about: Ark Institute
Learn more about: Ark Institute Ecosystem.
Visit: Ark Institute Website.
How Many ARK Institute ARK Are There in Circulation?
There is an initial maximum supply of 103,590,019 ARK tokens, of which an estimated 75,051,575 ARK are currently in circulation as of September 2023. Check out Gatehub.net to learn more.
Where Can You Buy ARK Institute ARK?
ARK Institute ARK is a token trading on the XRP ledger DEX, the most straight forward way to acquire ARK tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase ARK Institute ARK, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the Ark Institute ecosystem and any upcoming events, we suggest you follow @ARKofTheReaper on Twitter.