FAQ

How does the Araracoin governance system work?

Araracoin’s governance is decentralized, allowing token holders to vote on key decisions for the project, such as selecting environmental projects for funding. This ensures that the community has an active voice in the direction of the project, reinforcing collective participation in environmental conservation.

Why does Araracoin use blockchain technology?

Araracoin uses blockchain technology for its transparency, security, and decentralization. With this technology, all transactions, donations, and fund allocations are publicly and immutably recorded, ensuring total traceability. This guarantees that resources aimed at environmental preservation are used efficiently and transparently.

What is a BEP-20 token and why does Araracoin use this standard?

BEP-20 is the token standard on the BNB Smart Chain, similar to ERC-20 on the Ethereum network. It offers fast transactions with low fees, making it ideal for Araracoin’s ecosystem by ensuring transparency and security in transactions.

How can I store my Araracoin tokens?

You can store your tokens in any digital or hardware wallet compatible with the BEP-20 standard on the BNB Smart Chain, such as MetaMask, Trust Wallet, or other options recommended on the Araracoin website.

How does Araracoin support environmental preservation?

Through its decentralized governance system, Araracoin directs a portion of the resources generated by transactions to fund conservation projects for endangered species. Token holders vote on the projects they believe will have the most impact.

Is there a limit to the number of Araracoin tokens?

Yes, the maximum supply of Araracoin is limited to 100 billion tokens. This limit will be gradually distributed over the coming years, as detailed in the Tokenomics section of the white paper.

Why was the Blue-and-yellow Macaw chosen as the symbol of Araracoin?

The Blue-and-yellow Macaw represents threatened biodiversity and the urgency of preserving endangered species. As an iconic bird of Brazil, particularly the Triângulo Mineiro region, it symbolizes Araracoin’s commitment to global environmental preservation.

Can I participate in Araracoin governance?

Yes! As an Araracoin token holder, you can vote on the project’s strategic decisions, including which preservation projects should receive funding. This ensures that funds are allocated according to the community’s priorities.

What are the transaction fees when purchasing Araracoin?

Transaction fees vary depending on the wallet used and the payment method, such as fiat currencies or cryptocurrencies. However, the BNB Smart Chain is known for its low fees compared to other blockchain networks.

Which wallets are recommended for storing Araracoin?

We recommend digital wallets such as MetaMask, Trust Wallet, and hardware wallets like Ledger, which support the BEP-20 standard.