Acara User Guide

1.How to receive payments?

a) Open AcaraWallet, go to the "Wallet" page, select the token you want to receive (ACR, BNB, USDT).

b) Click on "Receive," copy the address or generate a QR code for receiving.

c) On the withdrawal page of a centralized exchange/decentralized wallet, you can either scan the QR code or copy the receiving address to the withdrawal address field.

d) Note: When making transfers, please ensure that you select the Binance Smart Chain (BSC) network!

2.How to transfer to the wallet or exchange?

a) Open AcaraWallet, go to the "Wallet" page, select the token you want to withdraw (ACR, BNB, USDT).

b) Click on "Send."

c) Enter the "Recipient Address" and the "Amount to Send," then click "Confirm."

d) Enter your wallet's local password and click "Confirm" to complete the transfer.

e) Make sure your wallet has enough BNB for the transaction fee, or the transfer might fail.

f) Ensure that the receiving address for the tokens you want to transfer is a Binance Smart Chain (BSC) address.

3.What is ACR liquidity mining, and what are the benefits?

AcaraMarkets introduces an AMM automated market-making mechanism. Users can provide liquidity for each topic, addressing the issue of low liquidity causing larger price fluctuations when buying and withdrawing from prediction markets. Acara rewards users who add liquidity to topics with a certain amount of ACR. The ACR rewards vary based on the amount of ACR provided as liquidity to Acara ecosystem topics.

4.How to add liquidity?

a) Deposit BNB into AcaraWallet as gas fees. Deposit USDT or ACR by referring to Help 1.

b) Open the "Liquidity" page, click on "Add Liquidity," choose ACR or USDT, enter the amount, confirm, and deduct the corresponding ACR or USDT. Make sure your wallet has enough BNB for gas fees.

5.How to remove liquidity?

You can withdraw liquidity at any time. Open the "Liquidity" page, click on "Redeem," enter the amount of ACR you want to redeem, choose to withdraw as ACR or USDT, and the withdrawn assets will appear in your wallet.

6.What is the community reward?

To promote the rapid development of the Acara ecosystem, Acara introduces a community governance incentive mechanism. While ensuring sufficient liquidity in the Acara ecosystem, users who contribute to community building receive substantial rewards:

a) Invitation Reward: Receive a certain percentage of invited user's liquidity earnings, with different rewards for different levels:

i. Regular Users: Earn 5% of level one invited user's liquidity earnings.

ii. Junior Community Creators: Earn 20% of level one invited user's liquidity earnings.

iii. Intermediate Community Creators: Earn 20% of level one and 15% of level two invited user's liquidity earnings.

iv. Advanced Community Creators: Earn 20% of level one, 15% of level two, and 10% of level three invited user's liquidity earnings.

b) New Liquidity Reward: Receive rewards for community's new liquidity added:

i. Regular Users: 0.

ii. Junior Community Creators: Earn 1% of the new liquidity added by level one invited users to the community.

iii. Intermediate Community Creators: Earn 2% of the new liquidity added by level one and level two invited users to the community.

iv. Advanced Community Creators: Earn 3% of the new liquidity added by level one, level two, and level three invited users to the community.

c) Weekly Total Community Liquidity Reward: Earn weekly rewards based on the total community liquidity:

i. Regular Users: 0.

ii. Junior Community Creators: Earn 1% of the total community liquidity in ACR.

iii. Intermediate Community Creators: Earn 2% of the total community liquidity in ACR.

iv. Advanced Community Creators: Earn 5% of the total community liquidity in ACR.

7.How to become a community creator?

a) Conditions to become a Junior-level Creator:

Invite 3 people, and achieve 200,000 ACR liquidity for both yourself and the three invited users.

b) Conditions to become a Mid-level Creator:

Personal liquidity of 2,000,000 ACR and a community total liquidity of 30,000,000 ACR.

b) Conditions to become a Senior-level Creator:

Personal liquidity of 6,000,000 ACR and a community total liquidity of 300,000,000 ACR.

8.How long does it take for liquidity and rewards to arrive after withdrawal?

Liquidity and rewards are processed on-chain and will be credited to your account instantly after initiating a withdrawal. In some cases, network congestion on the BSC might lead to slower withdrawals.

9.How to ensure wallet asset security? How to reset the password?

AcaraWallet is a decentralized wallet where users have their private keys and mnemonic phrases, providing complete control over assets. Protecting your assets is your responsibility. The most common reason for the loss of digital assets is the mishandling of wallet mnemonic phrases, so backing up your mnemonic phrase is crucial. It's recommended to create multiple backups through physical/offline methods to ensure asset security. Even in case of unusual situations or password resets, you can restore your wallet address and retrieve assets by importing the mnemonic phrase.