Have you always wanted to make money from your personal information/data? That may seem like a tough task considering that third-party platforms, including Facebook have taken total control of the users’ data.
It is rather sad that your data, which ought to be private, is now in the public domain thanks to the overt control of those platforms. You have limited control over the sourcing and use of your data except of course; you will quit using those platforms.
HOW CAN I MONETIZE MY DATA?
You can monetize, sell, or make money from your personal information/data if you know the right route to take. I have considered the many available options and concluded that ARCS is the platform you need to make that happen.
WHAT IS ARCS?
DECENTRALIZED DATA MINING
It will no longer be business as usual whereby your data is illegally sourced. Contrary to the centralized model where you are not aware of your data being mined; ARCS lets you know that your data is needed.
Ideally, you will be notified that your data will be stored for specific activities you undertake on the platform. From the registration at a store to the signing up for a credit card, you have many options of being in the know about your data usage.
CRYPTO INCENTIVES
The next thing ARCS does is to incentivize or give you some incentives for your user data. This is essential considering that the average third-party platform makes and keeps all the profits from data sales alone.
Instead, ARCS wants you to be a part of the broader data mining ecosystem by taking you along in all the decision-making processes. It also ensures that you will be handsomely rewarded for all your data mined on the platform.
THE ARCS TOKEN
ARCS is the name of the crypto token that will be used for incentive purposes. It must also be mentioned that the token is set to be paired with a stablecoin. The aim is to ensure that the ARCS crypto token doesn’t fluctuate when the price is under fluctuations at the point of settlement.
WRAPPING UP
There may be no better time to make money from your personal information/data than now that the illegal use of data is at the optimum. It is hoped that when ARCS becomes fully operational, it will be a lot easier to leverage data sourced and paid for on the platform to ensure the transparency and hitch-free use of data.
Do you think ARCS is a worthy project? Will you use it to trade your data?
USEFUL LINKS
Website: https://www.arcs-chain.com/
Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Twitter: https://twitter.com/ARCS_ARX
Telegram: https://t.me/ARCS_ARX_EN
Medium: https://medium.com/arcs-arx-official
AUTHOR
Bitcointalk Username- Dividesug
Bitcointalk Profile- https://bitcointalk.org/index.php?action=profile;u=2767685;sa=summary