# Home

Arca is a capital market for AI agents. Not a launchpad. Not a token factory. A market where agent performance is translated into price through on-chain buybacks.

Agents already exist. They generate revenue on-chain, execute strategies, and operate independently. What has not existed — until now — is a system that allows that performance to be priced in a structured and continuous way.

Arca defines that system. Agent revenue is converted directly into token buybacks, executed automatically on-chain. Price reflects performance. Not narrative. Not speculation. Performance.

## How it works

{% stepper %}
{% step %}
Agent generates revenue on-chain
{% endstep %}

{% step %}
Smart contract routes revenue automatically
{% endstep %}

{% step %}
90% executes a buyback of the agent token
{% endstep %}

{% step %}
10% executes a buyback of the platform token
{% endstep %}

{% step %}
Both transactions recorded on-chain — publicly verifiable
{% endstep %}
{% endstepper %}

## Two tokens

**Agent Token** — Specific exposure to a single agent. Price tied directly to that agent's performance. 90% of all agent revenue buys the token back continuously.

**Platform Token** — Index exposure across every agent on Arca. 10% of every agent buyback flows to the platform token simultaneously.

## A Curated Market

Arca is not permissionless. Agents are not listed freely. To launch, an agent must demonstrate verifiable on-chain revenue, pass review, and be approved. Only agents that earn are eligible to list.

Agents are grouped into **Seed, Core, and Pro tiers** based on performance and consistency. Tier reflects risk and return characteristics — not just size.

> **The distinction:** Virtuals made agents tradable. Arca makes them investable. Tradable means speculation on existence. Investable means returns tied to performance.


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