ARCC | A Revolutionized Currency Built To Serve As The Incentive Medium To Power Social Proof Of Network, And Also A Macroeconomic Stable Coins Functioning As Both A Micro Asset And A Reserve Currency For The South East of Asia
INTRODUCTION
We're celebrating the 10th year of Blockchain technology. During that time, we had a lot of experience. The market is slowly starting to fix itself. One of the biggest reasons for this is the increase in confidence in the market. The market-free elimination of fraud and security holes has made blockchain technology more powerful every day. It is possible to say that there are some difficulties because it is a very new technology. But if you think like me, you accept that block-chain technology is a weapon capable of changing our lives. The blockchain has been used today in banking, artificial intelligence, entertainment, municipalities, shopping and much more. The Fiat that we know is slowly reaching the power to do everything that money can do. The blockchain not only facilitated the use of money, but it also allowed us to use it in a very functional way. In addition, it seems to have done a lot better job in the distribution of income than the fiat money. But the blockchain should go on its way. This amazing technology that changes the way we look at money and banks, comes for more.
Problem Analysis
Nowadays, many altcoin blockchains using a limited number of hybrid infrastructure. The most common and most known is Ethereum infrastructure. About 200 altcoins are using this infrastructure. In fact, Binance, the world's largest stock exchange, uses this infrastructure for its own coin, BNB. We should talk about Bitcoin's infrastructure, which dominates 52% of the market, according to Coinmarketcap data before going to the Ethereum. Compared to fiat money, Bitcoin's trading speed and commission fees are really incredible. Bitcoin operations can change blocks before 1 hour after the completion of the approval process. This means that the international fiat is much faster than monetary transactions and can be met with fewer commissions. But ten years after bitcoin's invention, we can say that we are now using much more advanced technology. For example, the Ethereum infrastructure can perform these operations in almost minutes. Projects such as EOS, which is also a blockchain, and other projects aim to shorten these times further. But it is a fact known by everyone that these infrastructures have problems with safety, speed and integration. Because of these vulnerabilities, the Crypto money worth millions of dollars each year is becoming the target of the attacks. This kind of situation that damages the blockchain technology also continues to be a serious obstacle to the realization of the blockchain revolution. However, new projects, or rather projects that use a solid infrastructure, do not seem likely to encounter these problems in the future.
The Asia Reserve Currency Coin (ARCC) As A Long Lasting Solution
ARCC is a patent of the International Blockchain Monetary Reserve (IBMR) and is designed to fight the corruption and wealth disparity of the emerging market by implementing blockchain technology. The platform has established a Social proof of work network that gathers socio-economic data, carry out socio-economic surveys that will help identify and map out points of corruption in the society. ARCC as a currency seeks to serve as the incentive medium to power Social proof of Network and also a macroeconomic stable coins functioning as both a micro asset and a reserve currency for the South East of Asia. ARCC aims to better the lives of over 630 million individuals inhabiting SouthEast Asia by inculcating blockchain which gives room for an alternative system which can be an independent decentralized economic system or acts as a framework to bolster the obtainable economic system of today. The concept of the ARCC initiative is highlighted in the image below.
Core Features of ARCC
The platform Features a Social Proof of Network location-based application on which users get rewarded via ARC currency on the completion of socio-economic surveys in which users of the app will have to provide basic data concerning corruption cases in the society. This concept push for radical socio-transparency in which users of the platform get an incentive in the form of ARCC for facilitating the aggregation, validation, and exposure of instances of corruption in the society.
ARCC also serves as an ideal micro asset boisterous with features who allow holders to maintain and lock in a balance, co-invest in projects with the ARCC platform, gain access to utility on the platform and lastly the ARCC platform will allow the urban poor of SouthEast Asia partake in private equity their socio-status would normally prohibit them from accessing.
Foreign reserve is a common practice in the economy of the world with the Dollar being the predominant currency used for hedging and a stabilizing mechanism to handle the volatility associated with the economy. ARCC gains a unique use case as a Macroeconomic stablecoin crypto-reserve currency by which countries in the emerging market can safely manage the prices of their domestic currencies due to the careful consideration the platform pays to the inflow of funds into the reserve, inflow from regional investment and interaction directly with the exchange markets.
The ARCC tokens will be issued on the Erc-20 standard of the ethereum blockchain and after the initial token raise release, the ARCC token will be minted over a period of 40 years. The ARCC token is currently available for sale in a private sale process and the token minted after the process will be distributed according to the image below.
Conclusion
ARCC proposes a revolutionary system of wealth distribution that wishes to expose and eliminate the corruption and manipulation that takes place in emerging markets of the world to be specific SouthEast Asia which is greatly responsible for the wealth disparity and absence of financial inclusion for the Poor in the society. With the Experience behind the Team and the Uniqueness of the Project, ARCC will sooner or later be a household name not just in Asia but in the world because of the exemplary show of how blockchain technology can positively impact the world system.
For more information on ARCC check out the following channels:
Website: http://bit.ly/2FotYKs
Twitter: http://bit.ly/ARCCTwitter
Telegram: http://bit.ly/ARCCTG
Facebook: http://bit.ly/ARCCFB
Bitcointalk : https://bitcointalk.org/index.php?topic=5104576.0
Author Information
Bitcointalk Username: sebastianluv
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2459524;sa=summary