Overview:
This is one project that has continued to attract rave reviews from trusted experts in the blockchain ecosystem. The proficient and innovative token is called ARCS. Basically, Arcs is utilized internally within the AIre platform, as its value laded in-house coin that is also transacted on several exchanges, as a full-fledged cryptocurrency. However, in the future, the ARCS token will become part of the global infrastructure, which will include several blockchain platforms and at least 3 other cryptocurrency tokens adjoining to it.
Critical Problems Arcs Is Providing Solutions For
A classical foray into activities indicates the information has emerged as the most important and valuable resource. Many establishments are desperately willing to pay huge data to find out the opinions of people, their interests, and their values inherent.
Nevertheless, the modern data market can only offer acquisitions, the transaction of information gathered by various programs and services from users, in fact, without their knowledge and permission. Similarly, users themselves do not receive any compensation for providing information about themselves, and companies earn a lot of money on them.
This is exactly what the ARCS token has come to provide solutions and bridge the gap, giving people the opportunity to digitize and tokenize their personal data, thereby turning them into a valuable asset, a valuable resource therein.
Fundamentals Of The Aire Platform
Apparently, it is no longer news that the internal token of Arcs id employed as part of the innovative AIre framework. It currently presents 5 different subsections with which users can interact to conduct all kinds of operations with their personal data - such as values, beliefs, interests, and preferences.
The list of subsections, or services, of the AIre architecture, can be said to be the following:
++ Alre Mine - a section in which platform users can analyze the downloaded information in order to better interact with it
++ Alre Bridge is a wallet that allows users of the platform to digitize and tokenize data, for further use on the Alre platform
++ AIre Voice is a global library of user data
++ Alre Share - a market, a kind of trading platform that allows people, members of the AIre ecosystem, to trade their information for ARCS tokens
++ Alre Base - the head center of the AIre platform, which links together all its services and subsections, for better user interaction
All these 5 subsections, working in tandem as a whole, provides capacity for us to achieve the goal set by the developers of ARCS - global digitalization and tokenization of people's preferences and values, as well as giving them control over their information.
Administration And Expansion Of Arcs:
.png)
The ARCS token has been modeled to be, as I said at the beginning, will be part of the global infrastructure.
It is currently being developed by the Japanese company IFA, which was founded in 2014 and is now based in Tokyo and managed by the president of Masashi Mizukura.
However, in the future, IFA will move away from the central management of the ARCS project, transferring the reins to the hands of a decentralized fund, which will further deal with the development and management of the ecosystem, using for this purpose 10,000,000,000 ARCS tokens (half of the total issue) that will be blocked in it.
In addition to the ARCS token, IFA also plans to issue its own stablecoin, for easier and more convenient calculations within the framework of the ARCS project, as well as other types of tokens for management and communication in the community. And, of course, in the future, the ARCS project will be transferred from the Ethereum blockchain, for faster work.
The Economic Imperatives Of The ARCS Token:
.png)
Currently, 20,000,000,000 ARCS tokens have been issued, of which 10,000,000,000 will be blocked in a special fund. The ARCS token itself is now traded on 2 cryptocurrency exchanges - ProBit Exchange and KuCoin and are also included in the list of services such as CoinMarketCap and CoinGecko with an elaborate mention in far-reaching and quality websites.
In other words, users on both exchanges are trading approximately $ 250,000, with an impressive amount and good volatility.
Should you want to know more about the ARCS project, then you can do this by clicking on the links below.
Website: https://www.arcs-chain.com/
Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Website IFA: https://ifa-aire.co.jp
Arcs Telegram: https://t.me/ARCS_ARX_EN
Twitter: https://twitter.com/ARCS_ARX
Medium: https://medium.com/arcs-arx-official
Ann Thread: https://t.me/ARCS_ARX_News
Bitcointalk User Name: Sobaba
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2829990