ArgzCoin 2022 User Q&A Guide

CONTENTS

What is it? 

Where does the name come from?

What makes ArgzCoin 2022 Special?

What is an ArgzCoin 2022 Note?

What determines the value of ArgzCoin 2022? 

How do I obtain ArgzCoin 2022? 

How are the coins allocated?

Why did Kevin retain 10% of ArgzCoin 2022?

What can you do with ArgzCoin 2022?

How are ArgzCoins 2022 gifted? 

How do I convert ArgzCoin 2022 to US Dollars? 

How do I access the coins on my certificate (note)? 

How do I authenticate the coins on my certificate? 

What is it? ArgzCoin 2002 is a cryptocurrency created by Kevin Goodman’s election campaign. Kevin is a candidate for the Indiana House of Representatives. Kevin conceived the idea to reward volunteers and contributors. The idea was simply to give something back—if only symbolic. Kevin pitched the idea to his advisor and campaign strategist, Colby Mathews and to his campaign manager, Christina Taylor. They both approved. After some considerable research, Kevin chose to launch his cryptocurrency on the Matic-Polygon blockchain, which itself is built on Ethereum. For those unfamiliar, Ether is the second most traded cryptocurrency after Bitcoin. Ethereum is the blockchain network that runs it. Polygon is meant to be an improvement on Ethereum and aims to make Ethereum faster, more efficient, carbon neutral and ecologically friendly. Matic is the primary cryptocurrency of the Polygon network. Argzcoin is executed as a type of smart contract called an ERC20 token on the Polygon network. Technically speaking it’s a fungible token with a capped minting of 1 million coins.

The symbol for ArgzCoin 2022 is Agz22.

Where does the name come from? Argo is the name of one of Kevin’s Doberman Pinschers (he has two). Argo has had a high level of training including sport Schutzhund and practical protection training and is being evaluated for potential SAR (search and rescue) with current training in wilderness trailing. His high level of obedience has made him very sociable and reliable in public and as such Kevin often has him at public events and campaign meetings. Argo went from an unofficial mascot of the campaign to an official mascot when Kevin took inspiration from the Blue Dog Caucus and created a Blue Dog Inspired campaign logo featuring the silhouette of a Doberman. ArgzCoin 2022 followed!

Campaign logo
Coin logo

What makes ArgzCoin 2022 Special? We believe ArgzCoin 2022 is the first cryptocurrency created by a candidate in a U.S. based political campaign for the sake of fundraising and for rewarding volunteers and donors. ArgzCoin 2002 will not be the next Bitcoin, that’s not the point. There are only 1,000,000 Coins minted (no more can be made). This pales in comparison to the number of coins circulating with most altcoins (any cryptocurrency other than Bitcoin). We think of it as a limited-edition commemorative token. While it’s unlikely that PayPal will ever let you pay for goods with ArgzCoin 2022 in the same way that it allows payment in Ether or Bitcoin, we believe our coin will nonetheless have some value as a unit of trade. Its primary value is from the fact that it is of limited supply and has historic precedence in the world of politics. It is a type of memorabilia and artifact and as such its value is more akin to a non-fungible token representing an artifact or artwork. For these reasons we believe there is potential for ArgzCoin 2022 to appraise in value.

What is an ArgzCoin 2022 Note? The campaign has released ArgzCoins 2022 attached to certificates in denominations of 50, 100, 250, 500, 1000. Each denomination has its own design to which a unique public key is printed and which is also represented by a unique QR code printed on the certificate. The back of each certificate has a private key that is protected by a silver coating that can be scratched off. The private key allows the owner to transfer their coins to a different address, wallet or account if they so desire (though doing so will remove the value from the note). The notes are meant to give tangible form to the coins and serve a practical role of allowing the campaign to manage the release of the coins. A limited number of each denomination’s note will be offered at a time in a lot. Note: purchasing a note is a donation to a political campaign!

What determines the value of ArgzCoin 2022? Initially the campaign sets the price based on campaign finance goals. The very first lot of ArgzCoin 2022 notes will be released at a value of $.50 USD to 1 Agz22. After these sell out, the price of subsequent Agz22 note lots will be based on supply and demand. Prior to Agz22 notes being released, ArgzCoin 2022 was listed on the decentralized network SushiSwamp, thus the campaign will look at the trade price on SushiSwamp to set the price of tokens on subsequent lots of notes.

How do I obtain ArgzCoin 2022? There are multiple ways to obtain ArgzCoin 2022: volunteer for the campaign, donate to the campaign by purchasing ArgzCoin 2022 notes, or purchase them on a secondary market such as SushiSwamp. Be advised that the campaign itself does not offer tokens for sale on exchanges and thus trading on a secondary or decentralized exchange does not constitute a political campaign donation but purchasing notes directly from the campaign does.

How are the coins allocated? Kevin covered the cost of creating the coins and the campaign reimbursed him 90% of the cost. Kevin in turn kept 10% of the tokens (the answer to why he did this is in the next question). 30-40% of the remainder will be allocated to volunteers. 30-40% of the remainder will be allocated to financial contributors. 20-30% will be gifted.

Why did Kevin retain 10% of ArgzCoin 2022? Kevin chose to accept only 90% reimbursement for the cost of the token’s creation so he could retain 10% because the campaign could not release ArgzCoin 2022 on a decentralized exchange due to campaign finance laws. Any person that purchases a token directly from the campaign is making a political donation. Per US law, a political campaign cannot accept contributions from foreign nationals. On a decentralized exchange there is no way to validate the nationality of purchasers. Thus the campaign could not itself list ArgzCoin 2022 on a cryptocurrency exchange, yet Kevin felt it was important to facilitate a secondary market. He chose to accept a 10% share of ArgzCoin 2022 so that he could facilitate such a market. He has created a liquidity pool on SushiSwamp (Polygon bridge) and UniSwamp (Polygon bridge) with his own holding of ArgzCoin 2022, which allows users to trade ArgzCoin 2022 for other cryptocurrencies that utilize the Polygon framework.

What can you do with ArgzCoin 2022? If you have acquired any amount Agz22, we hope you’ll hold on to it for a while so that it can appraise in value. Again, we think of ArgzCoin 2022 as historic and unique memorabilia. The notes on which they’re issued are intended to give some tangible form to this perspective. That said, you may trade ArgzCoin 2022 on any decentralized exchange for which there is a liquidity pool. Currently ArgzCoin 2022 can be traded for Matic, Sushi, Tether, Dai, USD Coin, and other ERC20 token currencies that are on the Polygon Network and which have ample liquidity on SushiSwamp and UniSwamp.

How are ArgzCoins 2022 gifted? Between 20-30% of the supply will be gifted. Roughly half of these will be distributed to those who help facilitate and grow the secondary market for Agz22. We will reward the first 50 addresses that acquire a minimum of 200 ArgzCoin 2022 on SushiSwamp or UniSwamp and then hold onto it for 7 days by sending additional 50% Agz22 to their public key address. We will continue to make random air drops to addresses that have traded Agz22 until the dedicated pool for this purpose is exhausted. 50000 Agz22 (5% total supply) are intended for this purpose. We will also gift liquidity providers with Agz22 that are willing to stake their stable coins with the gifted Agz22 in liquidity pools with defi exchanges for at-least 30 days. We will consider up to 7.5% of the total supply for this purpose.

The remainder of the supply designated for gifting will be distributed within the community and district for which Kevin is seeking election.

How do I convert ArgzCoin 2022 to US Dollars? You will need to trade your ArgzCoin 2022 on a decentralized exchange where Agz22 has liquidity for a widely traded token (stable coin) such as Matic or Tether and then transfer the stable coin token to a U.S. exchange such as Coinbase, where the stable coin can be exchanged for US dollars.

How do I access the coins on my certificate (note)? Each note has a key-set (two keys). One key is public and one key is private. These keys consist of a string of letters and numbers. The public key allows anybody to validate the digital assets that belong to the key (this will be the number of Agz22 specified by the denomination of the note). Additionally further assets such as additional Agz22 could be sent to the public key address. Note: some certificates may have a small amount of Matic attached to them. The private key allows you to access and control the digital assets of the number. Anybody with access to the private key could transfer them to another address therefore it’s important to protect the private key. On the certificate, the private key is printed on the back and is protected by a stamped silver coating that can be scratched away. It should only be scratched away only if you are certain you want to transfer the coins away from the certificate. 

If you have made the decision to do so, you’ll need a polygon compatible crypto-wallet application. We recommend MetaMask but before you can use MetaMask you’ll have to connect it to the Polygon blockchain (this YouTube video will show you how to do that <embed link> https://www.youtube.com/watch?v=5EQFsxH9zFw). Once your MetaMask is operating on the Polygon network you can go to the MetaMask Account dropdown menu and choose to import a private key. At this point you simply enter the string numbers and letters that is your private key. 

Once you import Agz22, into your MetaMask account, it will not automatically show. You need to go to the bottom of your page and click “import token”. You then need to enter the Token’s contract address which is 0x20f4f80d2cb021c59ae3ef42f6da176e1b8e801c. Once you click enter, your Argz22 will show and be available to you.

If you have taken this step, we recommend you create a second account in MetaMask and then transfer your Agz22 to your new account for enhanced security. You can create multiple accounts under one login. 

Be advised, however, that to transfer Agz22 between accounts, you’ll also need a small amount of Matic. Because Agz22 runs on the Polygon network, transactions incur a “gas fee” in Polygon’s native currency (Matic). Matic can easily be purchased from http://moonpay.com.

If you are new to cryptocurrency this may seem daunting but these requirements are typical for most (nearly all) alt-coins. Once your account is set-up and the coins are transferred the rest is rather intuitive. When the MetaMask extension is used with the Chrome or Firefox web-browsers, you are given the option to connect your wallet directly to SushiSwamp or UniSwamp apps when entering the site where you can then trade Agz22 for other tokens such as Matic.

How do I authenticate the coins on my certificate? You can go to https://polygonscan.com/ and enter your public key address. Under the “overview” look for the dropdown menu labeled “token.” In the dropdown section you should see ArgzCoin 2022 with a numeric value for the number of coins held. You should then click this and ensure it takes you tothe ArgzCoin 2022 summary page where it will display a “contract” address. Authentic Agz22 will have contract address: 0x20f4f80d2cb021c59ae3ef42f6da176e1b8e801c.