Currency Concerns

How do I pay to upload my data on ArDrive?

Arweave tokens (AR) are needed to upload data to ArDrive.  Our platform is based on the Arweave network and the digital currency AR is used to pay the global network of operators who maintain the PermaWeb.

And remember, ArDrive only requires a one time fee. There are no ongoing subscription fees for storage, and never will be. 

Arweave is currently offering new users 0.05 AR (enough to upload around 50 MB of data) and a digital wallet for free. Simply visit the Arweave website and they’ll set you up with a pre-loaded wallet.

https://ardrive.atlassian.net/wiki/spaces/help/pages/86540310

Do I have to use Arweave currency (AR)?

Yes. Permanent data storage is based on the Arweave network and funded by AR, the digital currency associated with Arweave, the inventors of the permaweb. AR is used to pay the global network of operators who maintain the PermaWeb, and all payments help strengthen the Arweave network’s capacity for data storage.

Can I use USD or Euro etc?

💳 Credit card payments are now available!

If you want to purchase AR tokens in your local currency by credit card, you can use one of the following providers:

  • Ramp Network

     (170+ countries; not available in US or Japan)

  • Transak

     (55+ countries; not available in US)

Fees for these providers can vary; feel free to do your own research on the best option for your local currency.

How do I get a wallet?

To get started with ArDrive, you’ll need a digital wallet to pay for files you want to upload. You’ll also need a small amount of AR, the digital currency associated with the permaweb. ArDrive’s is based on the Arweave network and AR is used to pay the global network of operators who maintain the permaweb.

ArConnect
ArConnect is the easiest method for wallet creation and has advanced sign in options for ArDrive right from your Chrome browser. Try ArConnect

DIY
Create a wallet yourself by using the Google Chrome extension for Arweave.

Don’t use Google?
Arweave wallets can be cryptographically created on any machine, even without internet access, by using the ArDrive desktop app. Email support@ardrive.io for details.

https://ardrive.atlassian.net/wiki/spaces/help/pages/114131047

How does pay-per file work?

ArDrive will tell you how much a file costs before you upload it to the permaweb. All pricing is based on the size of each file.  ArDrive will check the size of each file you upload and offer a price for permanent storage in AR, the digital currency associated with the permaweb. You can choose to accept that price or decline it. 

A lot of the files you upload will cost only a tenth or hundredth of a cent. It is not until the size of the file gets to be 1 MB that it may cost a penny.  Remember: this is the price, not for one month or one year, but for forever. See Price Guide

How much does it cost?

Rather than pay subscriptions month after month, with ArDrive you only pay once to store your data forever. Most files such as photos, PDFs and Word Docs may only cost a tenth or hundredth of a cent. 

Generally, you will end up paying around one cent for 2 MB of permanent data.

For instance, this would workout to be about one tenth to one hundredth of a cent for smaller documents (50 to 250 kb), or about 5 cents for a larger audio file (10 MB).

And, remember, this is pay-once forever.

There are a few factors that cause fluctuations in the price, such as the price movement of the AR token but the network adjusts storage costs dynamically to keep costs predictable.

See Price Guide

Will I be told how much it costs before I upload it to the permaweb?

Yes. Since every transaction could be slightly different, ArDrive will calculate the cost of each transaction before the upload to the permaweb. You will be given a chance to accept or reject the cost of the transaction before uploading your data permanently.

Where can I get additional Arweave (AR) tokens?

💳 Credit card payments are now available!

If you want to purchase AR tokens by credit card, you can use one of the following providers:

  • Ramp Network

     (170+ countries; not available in US or Japan)

  • Transak

     (55+ countries; not available in US)

Fees for these providers can vary; feel free to do your own research on the best option for your local currency.

Crypto Exchanges
A growing number of digital currency exchanges enable you to buy additional Arweave tokens (AR):

Once you have purchased AR tokens from one of these exchanges you can make a simple transfer to your AR wallet using your wallet address (a string of about 40 letters and numbers).

Does the price ever fluctuate?

Yes. The price of ArDrive uploads can fluctuate based on the computing power available to the Arweave network at any one time. We anticipate that these fluctuations should even out as the Arweave network increases in scope. Arweave is currently in a time of rapid growth with a 23x increase in the amount of data stored on it year over year. See permaweb growth chart

There are a few factors that cause fluctuations in the price, such as the price movement of the AR token, but the network adjusts storage costs dynamically to keep costs predictable. 

So you can be confident that even as the price fluctuates that you are still paying roughly the same amount for permanent storage.

What are ArDrive tokens (ↁ)?

ArDrive has a very different business model and structure than we are typically used to. As part of the way it functions, a token was created to help facilitate two things: Ownership and Governance, and Profit Sharing.

Ownership and Governance
ArDrive is not owned by one person or a small group of investors, but, instead, is owned by the community through the ARDRIVE token, represented by the symbol ↁ. At this time there are approximately 7 million ↁ, and the holders of those tokens are automatically part of the community who have ownership of ArDrive.

Owning ↁ tokens gives a person the ability to take part in the governance of ArDrive. In other words, token holders take part in votes that influence the direction of ArDrive and how it is run.

Profit Sharing Tokens
ↁ also let token holders take part in the profits of ArDrive. As users upload data to ArDrive the profits that are accrued are distributed randomly amongst token holders.

Before each upload, a ↁ token holder is randomly chosen and then that token holder will receive the profits from that upload. The more tokens you hold the greater chance you will be chosen to receive that profit. Over time the distribution of profits will even out to equal the percentage of tokens held by the individual: if you own 1% of the tokens you will end up getting 1% of the profits distributed.

As well, as ↁ gains value (hopefully), an individual has the opportunity to keep them and enjoy the profit distributions or sell them on an exchange for the going rate.

How do I get ↁ tokens?

There are three ways to get tokens at this time:

  1. You can earn tokens through ArDrive reward programs that have given tokens to people who have both used the system and have referred others to ArDrive. Please keep on checking back for our referral programs as we are adding new and exciting ways to be part of the community all the time.

  2. You can earn tokens through the work done for ArDrive. ArDrive has been built by many passionate people with a wide-range of talents – programming, marketing, web design etc. These people have earned ↁ tokens for their efforts. After earning these tokens people are welcome to keep them if they want to be part of the long-term story of ArDrive or they can sell them and get the immediate value for their work. Join us on Discord to see how you can help

  3. You can purchase or sell tokens on an exchange. The exchange that lists ArDrive tokens is the Verto Exchange. Check out the ArDrive trading post!


SUPPORT
Have a specific question? Get personal help or reach out to us by email at support@ardrive.io

TRY ARDRIVE
ArDrive offers never-ending storage of your most valuable files. Sometimes the best way to learn is to try it out.

COMMUNITY
ArDrive is community-owned and operated. Get to know us on Discord (tech talk) or Telegram (general chat).