What is ARCS (ARX)? New project details are listed on KuCoin

Recently, cryptocurrency exchange KuCoin listed directly the ARX / USDT pair. Do you know about this ARCS (ARX) token? If not then see this article.

What is ARCS (ARX)?

ARCS is a token in the AIre project ecosystem. ARCS denoted as ARX is used to reward users in the ecosystem. This ecosystem is focused on a data bank. This bank will contain user data and provide it to 3rd parties. 3rd parties will pay to get data to serve their activities. Finally, data providers will receive ARX tokens as a reward.

As everyone knows the data, our habits are all valid. But for now, most of this data is taken without our permission.

We thought Facebook was free. In fact, Facebook is not completely free. If free, how to maintain the company? They take our daily data for their own purposes. For example, you text on Facebook Messenger to a friend from Pizza. Then, you surf the bulletin board to see a series of ads. Which is Pizza Hut, Domino’s Pizza, ... This is that they have taken our data to run ads.

So what does it have to do with ARCS? The relevance here is your personal data. You will receive ARX when you contribute your information in the information banking ecosystem. Not taken away without the permission of users like Facebook did.

What is the AIre project?

Overview of the project

AIre is a project of IFA. The goal is to become a new generation bank. A data bank. AIre they will collect user data by incentive with ARCS token. More precisely, a business makes money from data. They will take charge from ARX transactions through the data bank.

Functions

Insert information
IFA will provide or develop tools to collect data. Data such as links of social networking accounts, location, web history, health care data ... Of course, there must be user consent. In return, you will receive ARX.

Data saving
Data banks will use Blockchain to store collected information. Because the data is stored on Blockchain, forging information becomes impossible. This creates a transparent product of the data.

Use data
Exclusive APIs from AIre provide companies to integrate into their work and applications with data banks. Even offer data banking services specifically for these companies.

ARCS Token Details

Issuer: IFA Co., Ltd.
Token Name: ARCS
Token Symbol: ARX
Total issues: 20,000,000,000 (20 Billion)
Decimal places: 18
Blockchain Platform: Ethereum
Token Standard: ERC20
Contract address : 0x20b1a8a9ca1c7302b7f774266c491c7b11622779

Information about the IFA company

Company Name IFA Co., Ltd.
Representative Masashi Mizukura, President
Location 2F-A, DWELL-URBAN, 1-29-3, Nishihara, Shibuya Ku, Tokyo To, 151-0066, Japan
Tel 03-5308-2880
Founded October 1, 2014
Web https://ifa-aire.co.jp

The flow of ARCS (ARX)

There will be two main objects involved in the ecosystem and use of ARX. The first is that the user is the main source of data. The second is companies that buy data from AIre. The ARCS token will rotate between these two objects. And IFA's earnings come from transaction fees between ecosystem entities.

ARX ​​tokens act as a fuel source to accelerate this ecosystem development. IFA will pay with ARCS to get information. When there is a lot of data, companies will keep an eye on it. To buy data, they have to pay with ARCS. At this point, companies are required to use fiat to buy ARX at exchanges. Then use this token to buy information. Companies can also provide services to users to receive rewards. These services will likely meet the needs of users. Users are willing to use the ARCS to use this service.

The future of ARCS

AIre's ultimate ecosystem will have diverse participation of individuals as well as corporations. Requires many services and applications to meet their needs.

There are many scenarios given such as: Decentralized digital identity, tokenization of assets, ... If these scenarios become reality, many problems will be solved. A new Credit standard does not need to be based on income or employment status. Assets like cars or even paintings can also be tokenized. There may be a data-based user scoring mechanism, in combination with Blockhain that makes borrowing or P2P investments more accessible.

With diverse ecosystems and more participants, the demand for ARCS has also increased. From there the value also increased.

Membership in the AIre project

Pictured below are the members of this project. With a common purpose is to create a new generation bank.

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...
Author:
usernameBCT: Janna_MaMa
Profile: https://bitcointalk.org/index.php?act...