Arcade City Parts Ways With Controversial Founder, Raises Almost $620,000
Decentralized Blockchain-based ridesharing company Arcade City said goodbye to its founder Christopher David, who resigned his post as mayor at the head of the company’s council, as the company raised more than half a million dollars in a tokenized crowdsale. According to David, he has left his seat at the head of Arcade City’s council, and will instead focus on a separate service provider, Arcade One: “I am relinquishing my leadership position in the decentralized Ethereum-based ecosystem created by our token sale, and focusing exclusively on restructuring our current corporate entity as....
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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 The Medium post, an archived version of which can be found here, details....
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....
Bitcoin.com spoke with Christopher David, the founder of the Ethereum-powered Arcade City — dubbed the “Uber killer” — on winning the blockchain awards, his thoughts on the record-setting crowdfunding campaign of The DAO, and using it to fund Arcade City itself. Interview with Arcade City Founder, Christopher David. Bitcoin.com (BC): What cities have you....
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....