What is ARCS (ARX)? Overall review of new personal data platform appeared on Kucoin

Recently, Kucoin exchange announced the listing for Alre project, a decentralized data exchange platform developed in 2017 based in Tokyo. In this article, KTS Group will introduce the outstanding features of the Alre project and its ARX coin.

Overview of the ARCS (ARX) platform.

Alre was created with the goal of becoming a data bank. Users of the platform will benefit in return for agreeing to provide personal information to businesses or organizations within the network. On the business side, the benefit for them is a source of user data that has been screened and tested with high quality.

The ARCS platform has 3 main parts:

Receive information.

Users provide personal information such as gender, health status, accommodation, social networks ... ARX will then give a reward to the user.

Save the information.

The information provided will then be stored on the blockchain. The blockchain platform, thanks to its superior technology and distributed characteristics, cannot be stolen or modified.

Information extraction

Businesses or organizations will work with Alre to get APIs to access the database. In addition, they can also choose to buy once off.

Information about ARCS token (ARX)

• Symbol: ARX.
• Contract address: 0x20b1a8a9ca1c7302b7f774266c491c7b11622779
• Blockchain: Ethereum.
• Token Type: ERC-20.
• Total supply: 20 billion.
• Homepage: https://www.arcs-chain.com/

ARCS token distribution plan (ARX).

The figure of 20 billion ARX tokens is planned by the development team as follows:

• 50% is held by intermediaries.
• 20% is devoted to development and operation.
• 12.5% is in reserve fund.
• 12.5% is used for airdrop program for Alre Startup supporters.
• 2.5% is reserved for the development team.
• 2.5% is reserved for partners.

The effect of ARCS token (ARX).

There are two main components that will join the Alre platform:

User: is the data source for ARCS.
Enterprise: participating in data mining is in ARCS platform

In the Alre platform, ARX acts as an application coin for the following purposes:

Reward.

Users will receive an amount of ARX tokens based on the personal data provided.

Payment.

Businesses use ARX tokens to buy data on Alre.

Businesses will then process this data according to their needs and offer services to users in the ARCS platform to receive ARX tokens.

Intermediary fee.

The Alre project will charge an intermediary fee through ARX when companies buy data from the Alre platform.

ARCS development roadmap (ARX).

As you can see, the project has now completed its listing on the Kucoin exchange. In addition, the next important event of ARX is the launch of a product test version.

ARCS development team (ARX).

CEO Masashi Mizukura - Graduated from Chuo Law University. He has extensive experience in managing insurance units, he sees a need for a transparent financial platform and respect for users. As CEO, he aims to create a new generation bank.

COO Kunihiro Katsuragi - When he was in college, he soon realized the potential of blockchain and focused his research to gain a deep understanding of this field. With experience working in Europe, he joined Alre to create a product that solves the problems of today's financial and social networks.

CFO Hiroshi Mizukura - He has extensive experience in the fields of hotel and financial retail. Hiroshi has received many nominations as well as appreciation by industry experts.

Advantages of ARCS (ARX).

• The project has built a complete model of how components will interact and generate revenue to attract users to the platform.
• Based in Japan, the country is quite open for blockchain development.
• Based on the Ethereum blockchain, the second-largest blockchain platform behind Bitcoin, will save development time, and also benefit from a large number of users.
• Advanced mechanisms help secure as well as help users generate income from personal information.
• Address the current data leaks of many traditional platforms.
• Highly appreciated and listed by Kucoin, the exchange has a high ranking on Coinmarketcap.

WEB: https://www.arcs-chain.com/
TWITTER: https://twitter.com/ARCS_ARX
TELEGRAM: https://t.me/ARCS_ARX_EN
WHITEPAPER: https://www.arcs-chain.com/whitepaper...
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usernameBCT: DarkNight_1St
Profile: https://bitcointalk.org/index.php?action=profile;u=1822207