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What is Pirate Chain (ARRR)?

Pirate Chain basic info

Name:Pirate Chain
Ticker:
Introduction:

What Is Pirate Chain?

Pirate Chain is an independent blockchain, pioneering the frontier of financial privacy with its fully anonymous coin. This revolutionary platform hinges on a privacy protocol that remains impervious to the activities of other users within the network. Pirate Chain is on a mission to safeguard the financial privacy of its users in a realm predominantly governed by transparent transactions. Traditional cryptocurrencies, although popular as payment methods, expose users' financial data and spending patterns due to the public nature of blockchain ledgers. This exposure places users' financial privacy at risk.

Pirate Chain distinguishes itself by addressing the limitations inherent in existing privacy technologies like ring confidential signatures and zero-knowledge proofs. While these protocols offer certain privacy benefits, they also have their drawbacks. For instance, the ring confidential signature technique can expose transaction data to members of the ring, and its effectiveness is contingent on the ring's size. On the other hand, the decentralized anonymous payment methods utilized by many cryptocurrencies, although enhanced with zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge), suffer from a high number of non-shielded transactions, which affects the fungibility of the currency. Pirate Chain boldly tackles these challenges by exclusively accepting shielded transactions (z-tx) and employing the Delayed Proof of Work mechanism, enhancing both privacy and security.

Resources

Whitepaper: https://pirate.black/wp-content/uploads/2022/03/Pirate_Chain_White_Paper_v3.pdf

Official Website: https://pirate.black/

How Does Pirate Chain Work?

Pirate Chain's foundation rests on the principle of enforced encrypted peer-to-peer transactions. By leveraging zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs), the platform ensures complete encryption of interactions between peers, effectively eliminating the possibility of metadata leakage that could link transactions to specific identities. This approach not only enhances privacy but also resolves the issue of "tainted" coins, as it eliminates any transaction history that could be linked to blacklisted or undesirable addresses. The result is a blockchain where Pirate Chain's native currency, ARRR, maintains 100% fungibility and functions as true digital cash.

The Delayed Proof of Work (dPoW) mechanism is a hybrid consensus model combining various existing methods into a unified system. This model balances energy efficiency akin to proof of stake (PoS) with the fortified security of proof of work (PoW). It allows even the most vulnerable blockchains to benefit from the encryption rates of leading cryptocurrencies while being environmentally friendly and safeguarding the entire network. Originating from Komodo, another privacy-centric cryptocurrency, dPoW offers robust security without incurring additional operational costs. Notary nodes play a pivotal role in this system by maintaining Komodo's security through notarization, a process involving block-hash recording on the blockchain.

What Is ARRR Token?

ARRR is the native cryptocurrency of the Pirate Chain platform, primarily serving the purpose of facilitating anonymous transactions. Unlike many other cryptocurrencies, ARRR had no initial coin offering (ICO) or pre-mining phase, underscoring its commitment to a fair and transparent distribution process. The mining of new ARRR tokens is conducted through the Delayed Proof of Work algorithm. Pirate Chain has a maximum total supply cap of 200 million ARRR, reflecting a carefully considered emission schedule designed to promote scarcity and value over time.

What Determines Pirate Chain’s Price?

The price of Pirate Chain (ARRR), like any other cryptocurrency, is influenced by a complex interplay of market dynamics, which are prominently reflected in cryptocurrency price prediction analyses and historical charts. Key factors include market demand, investor sentiment, technological advancements within the Pirate Chain ecosystem, and broader market trends in the cryptocurrency sector. Market demand for ARRR is driven by its unique value proposition as a privacy-centric coin, appealing to users and investors prioritizing financial anonymity. The technological innovations, especially the integration of zk-SNARKs and the Delayed Proof of Work mechanism, further bolster its appeal, contributing to its perceived value and investment potential. Moreover, investor sentiment, often swayed by news, regulatory changes, and broader economic factors, plays a crucial role in shaping ARRR's market price. As seen in historical charts, the price of Pirate Chain can fluctuate significantly, echoing the highly volatile nature of the cryptocurrency market.

Additionally, external factors such as overall trends in the blockchain and cryptocurrency industries, regulatory developments, and movements in major cryptocurrencies like Bitcoin and Ethereum, also significantly impact ARRR's price. The correlation between these major market players and smaller-cap cryptocurrencies like Pirate Chain often leads to parallel price movements, as seen in various historical chart analyses. As with all cryptocurrencies, potential investors are advised to thoroughly analyze historical price charts and stay informed about the latest developments in the blockchain and cryptocurrency domains, as these provide crucial insights into the potential future movements of ARRR's price. This multifaceted approach to understanding Pirate Chain's price dynamics is essential for those looking to delve into the realm of cryptocurrency investments, particularly in privacy-focused digital assets like ARRR.

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Current price:
All-time high:$16.9
All-time low:$0.01274

ARRR supply and tokenomics

Circulating supply:196,213,800 ARRR
Total supply:196,213,797.97 ARRR
Max supply:0 ARRR
Market cap:$47.11M
Fully diluted market cap:$47.11M

Links

Buy Pirate Chain for $1Buy ARRR now

What is the development prospect and future value of ARRR?

The market value of ARRR currently stands at $47.11M, and its market ranking is #716. The value of ARRR is not widely recognized by the market. When the bull market comes, the market value of ARRR may have great growth potential.

As a new type of currency with innovative technology and unique use cases, ARRR has broad market potential and significant room for development. The distinctiveness and appeal of ARRR may attract the interest of specific groups, thereby driving up its market value.

What will the price of ARRR be in 2025?
Based on ARRR's historical price performance prediction model, the price of ARRR is projected to reach $0.3210 in 2025.
What will the price of ARRR be in 2030?
In 2030, the ARRR price is expected to change by -20.00%. By the end of 2030, the ARRR price is projected to reach $0.5268, with a cumulative ROI of +112.47%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of ARRR and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is ARRR worth investing or holding? How to buy ARRR from a crypto exchange?

If you want to buy ARRR, the following information may be helpful for your investment decisions:
In the last 7 days, the price of ARRR has fallen by -5.42%, leading to negative returns for most ARRR investors. The market is currently pessimistic about the price trend of ARRR.
It is important to note that the current price of ARRR has retreated by -98.58% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether ARRR is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in ARRR or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of ARRR, if you want to buy or sell ARRR, you can consider Bitget for your trading needs. The best place to buy ARRR is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Pirate Chain has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Pirate Chain. Here's a step-by-step guide on how to buy Pirate Chain on Bitget.

How to get Pirate Chain through other methods?

Using cash to buy Pirate Chain is not the only way to obtain Pirate Chain. If you have the time to spare, you can get Pirate Chain for free.
Learn how to earn Pirate Chain for free through the Learn2Earn promotion.
Earn free Pirate Chain by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Pirate Chain airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Pirate Chain through Bitget Convert, Bitget Swap, or spot trading.

What is Pirate Chain used for and how to use Pirate Chain?

The use case of Pirate Chain may expand as the crypto market and the project itself develop. Currently, you can use ARRR to achieve the following goals:
Arbitrage by trading ARRR: Since ARRR is a frequently traded cryptocurrency, the price of ARRR is always fluctuating. Earn more ARRR by buying low and selling high on the exchange. Bitget spot market provides a variety of ARRR trading pairs to fully meet your needs.
Earn by staking ARRR: You can also generate income through financial management methods such as staking ARRR or lending ARRR. Bitget Earn offers a variety of financial products designed to help you earn more income from your ARRR.
Send or pay ARRR: If you want to give ARRR to your friends, a charity, or a fundraiser, or you want to pay someone with ARRR, you can quickly and easily send ARRR to the recipient through their payment address.
You can also go to the official website of the Pirate Chain project to learn more about the use cases of ARRR. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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ARRR resources

Tags

Mineable
Hybrid - dPoW & PoW
Medium of Exchange
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Contracts
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Links
Pirate Chain WebsitePirate Chain WhitepaperPirate Chain TwitterPirate Chain Github

ARRR price calculator

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ARRR
USD
1 ARRR = 0.2385 USD
Last updated (UTC-0)
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