The blockchain technology’s functionality, most times, hinges on the performance of its token. The native token is used to grow participation and reward the blockchain network contributors. Usually, an initial coin offering is created to invite investors and crypto enthusiasts into the system. A sales pitch and network vision is developed to convince these investors of the viability of the network and its token.
During a successful initial coin offering, a defined section of the total token is expected to the be sold off to investors. Through exchange listings, other investors can acquire these tokens with other crypto or with fiat currencies. All token have a well defined token economy details. This will guide in the future operations of token sales and buys.
Token Migration and Swap
ARCS is the native token in the AIre ecosystem. It is issued on the Ethereum network with the ERC-20 token standard. Over time, an exponential growth of network participation is expected. More users and more transactions will be completed on the network. Therefore, it is important to create a network that is scalable, transparent and possesses multiple utility. ARCS is initially issued on the popular Ethereum network to facilitate network growth.
However, with growth come greater responsibility. The Ethereum blockchain will not have the design to carry out the data banking infrastructure and data tokenization vision of the Alre network. Therefore, Alre will develop a principle blockchain that will accommodate the ARCS token totally. This process will require token holder to swap their ERC-20 token to Alre's new native token standard.
Token Price Risk
The crypto market is a sensitive one. The volatility makes it even more fun. It causes asset holders to speculate. Regarding the ARCS token, it has been modeled to be system sufficient. Therefore, there is a high level of confidence around its exchange performance. However, in cases of crypto prohibition by law. The market liquidity of the token many experience a large decrease. This will foster massive fluctuations in prices.
Token Specification
Defining how the token should be handled is important. Moreover, it is the basis of any token that intends to perform well in the nearest future. Alre is not left out. A token Specification and distribution is pitched to inform all prospective network contributors. The ARCS token is issued based on the parameters shown below:
Token name: ARCS
Token symbol: ARX
Total minted tokens: 20,000,000,000 (20 Billion)
Issuing schedule: all minted tokens are issued at once
Number of decimals; 18
Blockchain platform: Ethereum
Token standard: ERC20
Contract address: 0x20b1a8a9ca1c7302b7f774266c491c7b11622779
Token Distribution Schedule
The total minted tokens is distributed in this schedule.
10,000,000,000 - 50 % - For third-party organizations(*1) (with lock-up)
2,500,000,000 - 12.5 % - Free distribution to AIre startup supporters
500,000,000 - 2.5 % - Incentives for core members
500,000,000 - 2.5 % - Incentives for partners
4,000,000,000 - 20 % - IFA allocation for development and operations
2,500,000,000 - 12.5 % - Reserve
Conclusion
The token economy of the ARCS token is firmly and extensively defined. This will help maintain token price projection on the exchange. Also the movement from the ERC-20 blockchain is properly planned.
Crypto industry might be ready for a revolution that will pioneered by Alre and it ARCS token.
USEFUL LINKS
Website: https://www.arcs-chain.com/
Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Medium: https://medium.com/arcs-arx-official
Telegram: https://t.me/ARCS_ARX_EN
Twitter: https://twitter.com/ARCS_ARX
AUTHOR'S DETAILS
Bitcointalk Username: Blesko
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2642410