Review on ARNO by Benaiah A. Akinlade
ARNO: Testing the unknown waters of DeFi with a new untested technology
Cryptocurrencies is filtering through all works of life. In the beginning of digital currencies, the norm was for financial institutions to dabble in DeFi, but in recent times, many organizations such as technology companies, social media organizations that have nothing to do with the finance industry have started investing heavily in cryptocurrencies.
ART NANO (ARNO) is a Belarusian project which has its specialties in producing nanotechnologies. It is one of the latest Tech projects to declare its interest in investing in cryptocurrencies in order to adopt the use of blockchain technology to attract additional financial commitments from investors into the development of the project. The technology company produces carbon nanomaterials also known as carbon nanotubes which is developed and implemented for industrial capacity with future plans to deliver a variety of products and services globally, in cogent works of life such as transportation, infrastructure, and environmental development.
ARNO token is an Ethereum blockchain ERC-20 based token with a total token emission is 50,000,000 which can be acquired through, airdrops, referral programs, and community offers. The ARNO token is in the process of being added to crypto exchanges which will in effect trigger a chain reaction of activities on the whitepaper one of which is auctioning some ARNO tokens for sale by crypto traders and thereby stopping the crypto input on the platform for up to a year.
It is noteworthy that the plan of the company is to make ARNO token available for active usage on the ecosystem which will eliminate all forms of adoption of widely known cryptocurrencies such as Bitcoin so that ARNO will be the only medium of exchange in the company’s nanotechnology project.
I am particularly fascinated to see how this ARNO project will pan out. The company is making a bold statement by not adopting any popular and well-established cryptocurrency in boosting the value of the ARNO token .
Updated 4 years ago
Rating changed from 3 to 4
The ARNO project is headed by Artem S. Zhdanok who is also the CEO. The project was launched in August 2020 as a low emission Advanced Carbon Lead-Acid Batteries solution which is based on NANO technology “nanites” in development of products and their implementation of DeFi. During the implementation of the project, the ARNO development team adopted the use of new Fintech (financial technologies) to increase opportunities in the financial market such as working with fiat and cryptocurrencies.
If you invest in ARNO Token, it means that you are investing in high technology production of profitable products which is guaranteed by the access to the capital you invest and the physical growth of the volume of the project.
The company utilizes the principles of a decentralized financial market that enables you to exchange your ARNO token hodl for another fiat or cryptocurrency. It is also expected that the moment ARNO token is adopted by crypto exchanges, the ARNO project team will make some ARNO tokens available for auction in order to make it widely available. The team also intends to make use of the ARNO token as a medium of exchange and the main tool for settlement on the platform as they will not even accept popular and well established cryptocurrencies such as Bitcoin.
The project has a well-detailed roadmap that shows all the plans of the project starting from August 2020 when the token was created to December 2021 when the token is expected to be listed on crypto exchanges.
It is also a very important to note that the ARNO project is still relatively new in the crypto space and still have a long way to go.
Pros
- It has the backbone of the ERC-20 of the Ethereum blockchain
Cons
- The Nano Technology is not well adopted globally, so investment in the technology ma be slow
- The project has not gathered enough investors to push the new technology
