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docs_depin/docs/depin_specs/mobility_networks/arcade_city.md
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Arcade City Detailed information about Arcade City 5

Arcade City

Overview

Arcade City is a decentralized ride-sharing platform that allows users to connect directly with drivers. It leverages blockchain technology to create a peer-to-peer ride-sharing network.

Key Features

  • Currency: ARC (Arcade Token)
  • Buying Currency: Available on decentralized exchanges like Uniswap.
  • Utility:
    • Used for network transactions and incentivizing ride-sharing.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate ride bookings and payment processing.
  • Utility in the Project:
    • Users can earn ARC by participating in the ride-sharing network.
    • Validators can stake ARC to secure the network and earn rewards.
  • API: Yes, Arcade City provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily book rides and earn ARC tokens by sharing rides.

How It Works

  1. Step 1: Users download the Arcade City app and create an account.
  2. Step 2: Users can book rides directly with drivers using the app.
  3. Step 3: Users earn ARC tokens based on their participation in the network.

Staking

  • Staking Requirements: Minimum of 1,000 ARC tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

Additional Resources