{"id":39,"date":"2023-01-13T15:39:24","date_gmt":"2023-01-13T20:39:24","guid":{"rendered":"https:\/\/ark.institute\/?page_id=39"},"modified":"2023-06-06T21:08:11","modified_gmt":"2023-06-07T01:08:11","slug":"faq","status":"publish","type":"page","link":"https:\/\/www.ark.institute\/faq\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"\t\t
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ARK Token<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is ARK?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

ARK is the native blockchain token of Ark Institute which represents voting power regarding decentralized funding of vetted charities and nonprofits. ARK can be purchased on one of many decentralized XRPL exchanges like\u00a0Sologenic<\/a>.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat does ARK do?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The ARK token helps provide funding for charities that have passed the Gates of the Ark Institute. The ARK token is an issued token on the XRP Ledger (XRPL).<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the difference between ARK and ARK Institute?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The ARK token is a digital asset token created on the XRPL that has a financial value.\u00a0 Ark Institute is the organization that oversees the tokenomics of the ARK token and the selection and review of charitable organizations which pass our Gates.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow does the ARK token work?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Ark Institute will mint 1 million ARK tokens a month which are then sold at market price, split equally between the number of sales per month. The funds from the sales are split 50\/25\/25. 50% will go to the Ark Institute approved charities based on vote percentages, 25% will market buy and distribute RPR tokens to ARK holders, and final 25% will market buy and distribute ASC tokens to ARK holders.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat are the benefits of purchasing ARK tokens?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

By purchasing and holding ARK tokens, you get multiple benefits.\u00a0 The primary benefit is that your ARK tokens will enable you to cast a blockchain vote for your favorite Ark Institute approved charity.\u00a0 All votes count, and 50% of new ARK sales will go towards the charities based on those votes.\u00a0 More ARK tokens equals more votes.<\/p>

The second benefit is a passive income paid to your cryptocurrency wallet in RPR and ASC tokens based on your ARK token holdings.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhere does the price of an ARK token come from?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The price of the ARK token is determined by the market of buyers and sellers\/supply and demand.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDoes RPR and ARK price have any correlation?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Reaper Financial currently has two other tokens (also referred to as blockchain products) in its ecosystem, Reaper (RPR) and Ascension (ASC).\u00a0 While ARK token shares a similiar tokenomic structure, their utilties are different and values are all determined by the market.\u00a0<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow many ARK tokens are there?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

There are 100 million ARK tokens in circulation, and 1 million more ARK tokens will be minted per month to support the utility of the token.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t