ARCS chain is a proprietary blockchain for data banking infrastructure, developed by IFA
I always thought that many would agree with me that our modern society is at the threshold of a new revolution. A technical revolution, when familiar things and processes are implemented in digital format.
Every day, more and more people are becoming interested not only about cryptocurrencies, but also actively using it in their business processes. Ultimately, over the past few years, blockchain technology has proven its superiority over familiar business relationship systems and other communications that arise in certain business directions.
Block chain technology has brought many major changes to our society. The rejection that has so far faced technology has gradually morphed into a system that connects different industries in a decentralized way.
It should be noted that the various potentials of the blockchain network can be facilitated when suitable networks exist. This is the ARCS blockchain that exists as an exclusive blockchain for data banking infrastructure, developed by 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.
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.
To realize a data bank provided by blockchain, the IFA team is currently conducting technical verification of the following factors.
- When users register their data, they will receive tokens as incentives.
- Data registered by the user can only be changed by the corresponding user.
- Users can always control which agency or company will have access to their data.
- Users can receive tokens as rewards for companies accessing their data.
- Blockchain will provide all these functions without affecting user experience.
Users provide personal information such as gender, health status, residence, social networks ... ARX will then give a reward to the user.
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.
Businesses or organizations will work with Alre to get APIs to access the database. In addition, they can also choose to buy once off.
The ARCS chain has been developed as a public blockchain. Therefore, since anyone can view data on the blockchain, any fraudulent behavior can be detected immediately.
AIre Company will be responsible for issuing ARCS. At the same time, they will set up a new ARCS Fund and lock 50% of all issued ARCS as the underlying assets. Therefore, AIre will build a third-party system that can effectively use assets for society and users, instead of centralizing token management.
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
Users will receive an amount of ARX tokens based on the personal data provided.
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. The Alre project will charge an intermediary fee through ARX when companies buy data from the Alre platform.
The effect of ARX TOKEN
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.
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 for Alre Startup supporters.
2.5% is reserved for the development team.
2.5% is reserved for partners.
Currently the project is still in the development phase. Therefore, you cannot provide information to receive ARX tokens. The only way now is to buy directly at KuCoin
Go to: https://trade.kucoin.com/spot/ARX-USDT
Conclude :
Hopefully the article will be helpful for you when investing in ARCS. The project team are talented people in the blockchain market, they are gradually building ARCS to a new height and stand firm in this market. Please trust them
For further information please contact :
WEBSITE: https://www.arcs-chain.com/
TWITTER: https://twitter.com/ARCS_ARX
TELEGRAM: https://t.me/ARCS_ARX_EN
MEDIUM: https://medium.com/arcs-arx-official
WHITEPAPER: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
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