Arcade City Publicly Reveals White Paper & ICO Details
The decentralized ride-sharing startup Arcade City recently revealed its preliminary white paper and token plan. The paper “Arcade City: Blueprint for a New Economy” explains some of the team’s ideas for its native token ARC and its tentative ICO planned for Q4 of this year. Arcade City Shows The Public The Startups Initial White Paper. Arcade City is a....
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As a part of its crowdfunding campaign which went live on November 1, 2016, the Arcade City platform will be creating 100 million ARC tokens. Arcade City, the blockchain based peer to peer marketplace for various service providers is on its way to realizing its future. The platform has recently launched the ICO of its Arcade City Tokens (ARC) to raise funds for future development. The Arcade City platform has its origin in the city of Portsmouth, New Hampshire after a group of former Uber and Lyft drivers decided to help the city’s commuters when the taxi services went on strike. The....
Police in the city of Austin, Texas came to the offices of ridesharing company Arcade City in search of its CEO, Christopher David. A video has surfaced of 10 law enforcement agents, four transportation authorities and six police officers, entering the co-working space that is home to Arcade City’s Austin headquarters. They sought to serve a $500 citation for operating a ridesharing company without completing the requisite paperwork. David, who was out of the country overseeing the development of the Arcade City app, “Not sure why six police officers are needed to serve a $500 citation. Or....
Arcade City’s leadership has rebranded into a separate entity, something its founder is not happy with. In an effort to bypass a controversial past, Arcade City, the Ethereum-based ride sharing project that generated great buzz in the Blockchain world before hitting delays late last year, has split. The council and several key community members have rebranded and formed a new entity named Swarm City, which will have the use of the funds raised in the ARC token sale. However, Christopher David, Arcade City’s founder and sole owner of Arcade City, Inc., is not happy with the rebranding and....
The Ethereum community has voiced its concerns about the legitimacy and functionality of ride sharing app Arcade City in an AMA with its founder, Christopher David. The AMA follows a medium post from one of his previous associates accusing David of being a fraudster that has since been taken down, and the AMA seems to be doing little to address concerns surrounding the fraud accusations, and raises more questions as to the future and legitimacy of Arcade City. Arcade City CEO Fails to Address Community Backlash. The Medium post, an archived version of which can be found here, details....
Food sharing app Unsung has partnered with decentralized ridesharing service Arcade City to feed the homeless in the city of Austin. Unsung is an app designed to solve hunger through a liaison between restaurants, the needy, and volunteers. A restaurant uses the app to indicate that excess food is available for donation. A homeless or otherwise needy person can then be located by dropping a pin through the app, and a volunteer will take the food to the needy. Volunteers may be tipped in Bitcoin. The partnership would use Arcade City drivers to deliver the food. The announcement came via a....