Circle CEO: ARK tokens belonging to the company will be included in 'other income' at zero cost Odaily Daily News: Jeremy Allaire, co-founder and CEO of Circle, responded to questions from various analysts during tonight's earnings call. When asked how ARK tokens belonging to Circle will be accounted for, Jeremy Allaire said, "When ARC tokens are created, they will be recorded on Circle's balance sheet at cost, and their cost will be zero. After Circle fulfills its obligations under the token pre-sale agreement, we will recognize the value of these tokens as' other revenue ', which will then be directly reflected in RLDC (revenue minus distribution costs) and adjusted EBITDA