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The Archer DAO Governance Token, with the ticker ARCH, is a cryptocurrency used to govern the Archer network. Archer aims to improve the efficiency of the Ethereum network and increase miner revenue by replacing low-value transactions with high-value transactions. By integrating Archer into their mining operations, miners can extract more value from every block and earn higher profits.
Archer operates as a community-owned network governed by a decentralized autonomous organization (DAO). The ARCH token plays a crucial role in this governance structure, allowing token holders to participate in the decision-making process and shape the future direction of the network. As an ARCH token holder, individuals can have a say in important network parameters, such as transaction fees and network upgrades.
Archer also fosters collaboration between miners and on-chain analysts called Suppliers. Suppliers identify high-value transaction opportunities and share the revenue generated with miners. This collaborative approach helps maximize the earnings potential for Suppliers and miners on the Archer network.
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