Spheron’s (previously ArgoApp) successful IDO resulted in a pioneering new token distribution method

5 min readMay 19, 2021

Spheron (previously ArgoApp) recently held its IDO, and the response from the community was overwhelming. The tremendous support witnessed was a vote of confidence in the network, even amidst the rising gas fees. $ARGO was able to hit 10x and is currently trading around 5x, defying the high gas fee and confirming the community’s confidence in the Spheron (previously ArgoApp) ecosystem.

Furthermore, with a sustained and positive number of transactions recorded in conjunction with the number of token holders, ArGoApp will use this newly found enthusiasm to provide the best blockchain hosting and storing services token of appreciation to the supportive community.

A new quagmire for token distribution

One of the greatest ironies in the blockchain ecosystem is the existence of centralized models. Despite the ethos of blockchain priding itself in decentralization and giving power to the people yet, for some reason, centralization still finds its way in the ecosystem.

For example, decentralized companies with their native tokens often dictate the parameters of token withdrawals during and after the fundraising stage. They decide when and how their investors and token holders can claim the rights to their tokens. Fortunately, innovative platforms, such as Spheron (previously ArgoApp), occasionally pioneer functions that further decentralize the ecosystem-these new methods then act as a template for other decentralized platforms to use.

In ArGoApp’s case, our IDO launch created an opportunity to implement a new token distribution method that is more in line with the ethos of blockchain technology. The platform deployed a factory contract that creates vesting contracts for private investors and then transferred all the investor’s tokens into the vesting tokens, allowing investors to claim their tokens as per the vesting schedule. By doing so, ArGoApp ensures that token holders and investors own their tokens right from day one.

Moving away from centralized traps

When decentralized companies control their token distributions, it creates uncertainty for token holders and investors. Investors often have to approach the project team on release dates to get confirmation on token releases. On the other hand, token holders become uneasy, not knowing if these platforms will fulfill their roles. The overall effect is a damaged trust before the project even starts delivering on its set targets.

For decentralized companies, using a centralized form of token distribution also reduces efficiency and creates unnecessary burdens. In most cases, companies have to form a dedicated team that sorts out everything pertaining to token distribution, leading to extra costs. It also compromises some of the claims made by decentralized companies. Often, blockchain-based platforms claim 100% decentralization in their operations, yet their token distribution is as centralized as any other mainstream platform. The double-speak creates uncertainty in potential supporters of the project.

Spheron’s (previously ArgoApp) pioneering system will help propel blockchain to the next level. It negates all the highlighted problems that are almost certain in centralized token distribution. Companies will save on expenses and gain more time to improve their innovations, while users gain the advantage of owning the tokens by simply creating vesting contracts. The new relationship initiated by Spheron (previously ArgoApp) will breed more trust between the community and decentralized platforms.

Moreover, the sacrifice by Spheron (previously ArgoApp) and any other platform that decides to use vested contracts as precise indicators of the dedication decentralized platforms have in ensuring the success of the blockchain ecosystem.

Unfortunately, decentralized token distribution does not escape the inconvenience of gas fees. However, because users can select when to collect their tokens, the high gas fees can be avoided by strategically planning to claim tokens on low gas fee days.

Spheron’s (previously ArgoApp) interest will always mirror our community’s

Spheron (previously ArgoApp) values community feedback. It reveals what the community wants, making work easier for the platform. Recently, complaints on the high Ethereum gas fees from the Spheron (previously ArgoApp) community and the greater blockchain community prompted Spheron (previously ArgoApp) to provide a working solution that would significantly reduce gas fees when transacting $ARGO.

Spheron (previously ArgoApp) partnered with DFYN, which prevents fragmentation of liquidity across chains to improve price discovery. The partnership directly responds to the community’s request as ArGoApp seeks to keep its platform convenient, efficient, and hassle-free. This newly formed partnership will see Spheron (previously ArgoApp) leverage DFYN’s technical capabilities to avoid high gas fees on its platform.

The conclusion of the IDO is a prelude to what’s yet to come

The blockchain ecosystem is competitive and dynamic; only adapting platforms survive the change. Spheron (previously ArgoApp) has initiated another change that may cause some disruptions in the blockchain community, which is excellent considering the advantages decentralized token distribution confers to token holders and investors.

Spheron (previously ArgoApp) has also shown its commitment to blockchain and the community by adopting the decentralized format and quickly responding to the needs of their community. Just as our fundamentals are rooted in clear and inherent decentralization principles, we only make sure this applies to all aspects of the Spheron (previously ArgoApp) ecosystem.

What Spheron (previously ArgoApp) does

Spheron (previously ArgoApp) makes front-end web deployment easy, effective, and efficient through its blockchain-based platform that takes your web app to the DSNs (Decentralized Storage Networks). Spheron (previously ArgoApp) removes the hurdles of centralization and censorship through blockchain, ensuring that your web app is permanently deployed and experiences 100% uptime throughout its life.

ARGO ERC20 Contract Address:

https://etherscan.io/token/0x28cca76f6e8ec81e4550ecd761f899110b060e97

Spheron (previously ArgoApp) CoinMarketCap Link:

https://coinmarketcap.com/currencies/argoapp/ico/

Spheron (previously ArgoApp) DEX Tools:

https://www.dextools.io/app/uniswap/pair-explorer/0xd5fc1a6f75cd465c46e2f15f74b9ac0016b18386

Spheron (previously ArgoApp) CoinGecko Link:

https://www.coingecko.com/en/coins/argo

Spheron (previously ArgoApp) Tokenomics Link: https://docs.google.com/spreadsheets/d/1R2RURGtsJcp0fK4elikgyeiEQwlShy5aiW75JOzmRsA/edit#gid=1913920126

You can find $ARGO tokens only on:

DFYN: https://info.dfyn.network/pair/0x643a31689bac403cf5854722e418d3949dc62976

Uniswap: https://v2.info.uniswap.org/pair/0xd5fc1a6f75cd465c46e2f15f74b9ac0016b18386