Summer new season: everPay adds $ANS, Arweave domain adds new home
Arweave ecosystem portal ANS domain has officially landed on Permaswap, a multi-chain DEX under everVision, and has collaborated with everPay to directly airdrop to Mint users, eliminating the need for complex application processes.
Similar to ENS on Ethereum, ANS (Arweave Name Service) developed by Decent Land also serves the function of converting complex addresses into simple and clear domain names, bearing the mission of attracting more traditional users to the Arweave ecosystem, and extending businesses such as NFT, payments and DeFi.
ANS Development History: Serving Arweaver
In fact, in the early development of Arweave, it mainly focused on the single functionality of permanent storage and was less involved in other areas. However, as the Arweave ecosystem developed and gradually introduced the concept of Layer 0 public chains and DA layers (data availability), Arweave welcomed more and more ordinary users, and lengthy addresses and complex usage logic hindered the development of Arweave.
everVision was the first to notice this problem and successively launched user-friendly payment tools such as everPay and on-chain financial infrastructure Permaswap. ANS also received increasing attention and gradually integrated with everPay, and even chose to use everPay to distribute airdrop rewards for users in this airdrop event.
Returning to ANS itself, domain name services are not uncommon. They have proved their value in both traditional Internet and Ethereum ecosystems. Currently, there are about 376 million traditional domain names worldwide, and ENS has about 2.7 million registered numbers and about 700,000 users.
Currently, ANS has about 800 HODLers and about 1,400 registered numbers. Compared with the just started ENS, and ENS is also just starting compared to traditional domain names, the entire domain name market still has great room for development.
ANS is a very new domain name system, which was officially launched by Decent Land in March 2022. It airdropped 513 domains to the early users of the first Arweave ecosystem DEX Verto to complete the earliest cold start. However, due to the development difficulties of Verto, it has never been able to go online on the mainnet, and has since established a closer cooperation relationship with everPay. By February 2023, the ANS system had matured and was opened to the public. In just three months, the number of users and registered numbers began to increase massively to over 1,000, and with ANS listed on Permaswap, its registered numbers are also expected to increase.
Before this listing, Decent Land had already selected everPay as its airdrop channel. Anyone who has ever minted an ANS domain name on-chain address can directly receive the airdrop through everPay, which distributed valuable ANS tokens to 296 addresses.
In its plan, this listing will be directly selected on the two DEXs Permaswap and Uniswap because the ANS token is currently based on ERC-20 token format issued on Ethereum instead of the native Arweave PST token format. For ANS domain names, they bear the burden of attracting more mainstream Web 3 users into the Arweave ecosystem, and compatibility with mainstream market formats helps to expand their business. From the perspective of Permaswap, thanks to the multi-chain compatibility of everPay, with the same assets as mainstream DEXs, it is also convenient to keep up with market trends.
"ANS is here to join this family''
Compared to the dual-drive system of ENS domain names and $ENS, ANS is currently relatively weak, and therefore requires strong support from the everVision ecosystem. Permaswap provides trading liquidity, everPay provides more asset management functions, and PermaDAO will also work with ANS to expand the Arweave ecosystem.
The common goal is to use ANS as a unified identifier for Arweave assets, transfer addresses, and personal symbols, eliminating complex and error-prone addresses and using domain name identifiers that are closer to human daily habits to make up for the shortcomings of Arweave.
As far as liquidity and market performance at the initial listing are concerned, there are still some issues:
25 holders occupy the vast majority of the circulating token shares, excluding those controlled by the project team and DAO. The proportion of retail investors and whales is too low, which is not conducive to market liquidity and price support.
On-chain transactions are not active enough, currently less than 100, and many are empty transactions. Traders have limited options to choose ANS as a trading pair.
ANS's use cases are limited, currently planned as a governance token for ANS DAO, granting voting rights in proportion to ownership shares."
But the brave first step has already been taken, and the issues are gradually being resolved. With the help of everVision, more liquidity will gradually be added, and due to the feature of zero transaction fees, more exchange pairs will gradually be added, enriching its trading scenarios.
PermaDAO is advancing further cooperation between ANS and other ecosystems in Arweave, such as Arconnect, which will gradually add more display features, and Viewblock already supports ANS query functions.
It is worth mentioning that the operation of ANS DAO will gradually begin to ensure that the decentralized governance model can grow with the rolling project expenditure, and the DAO treasury will hold most of the ANS tokens, supporting prices on the one hand, and more importantly, ensuring that there is enough incentive to promote the application of ANS.
Throughout the process, everPay will serve as the entrance and exit for any asset recharge and withdrawal, and Permaswap will support the main liquidity and LP (liquidity providers) can participate in dividing transaction fees in proportion to their contribution to liquidity reserves to promote ANS development.
In the next stage of development, ANS will be widely integrated with many storage, development, DeFi, and NFT projects in the Arweave ecosystem, striving to become the first identity system for every Arweaver.
Summary: Decentralisation is key
On the first day of Permaswap's launch, ANS will also launch ANS DAO and guarantee that the DAO will store 32.2% of the shares in proportion in the future. In contrast, the team will allocate 30%, community airdrops will account for 21.8%, and a separate 16% will be reserved for liquidity.
In terms of overall allocation, we strive to rely on the community and DAO as the foundation to encourage developers, users, and project parties to cooperate with ANS.
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Translator: chatGPT @ Contributor of PermaDAO
Reviewer: Scarlett LI @ Contributor of PermaDAO Reviewer: John Khor @ Contributor of PermaDAO
