ARCS - A token of new world

The AIre token economy is centered around the ARCS token. Below is a description of the token,
its economy, and its functionality
Alre is a world which various human values can be turned into assets and used as social resources.
ARCS is a token issued to make its construction faster.To realize this non-centralized system, we will operate it in a unique way. Settlement tokens, governance tokens, and utility tokens will also be issued. Please enjoy the new world which is full of fresh values and lighted up by ARCS.

COMPANY
Our company will be responsible for the issuance of ARCS. At the same time, we will set up a new ARCS Foundation and lock 50% of all issued ARCS up as foundation assets. As a result, we are going to build a third-party system which can use assets effeciently for society and users, instead of a centralized token management. IFA pledges to dilute centralized control and contribute the whole society.

ARCS is basiclly a token which relies on the Ethereum platform. However, the operating situation of the Ethereum platform is about to reach its limitation, which has provoked alarm about its future prospects. Of course, there is still a great chance of improving the situation. Nevertheless, we are considering reissuing ARCS by using a potential and highly scaled platform compared to the current platform.

All in all, not only issuing settlement tokens which have settlement ability, but also we will issue governance token, which commit to the management of the Alre world, and security tokens that fits regionality. We will do our best to develop ARCS because it will contribute to the new world.

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

TOKEN ECONOMY
1. ARCS token
ARCS is the native token of AIre. It can be held in wallets that support the ERC-20 token standard and be traded on exchanges which list ARCS. It will fluctuate according to market conditions.
ARCS is mainly used for the following purposes:

• Incentives for users: Many internet users feel uncomfortable when providing personal data to services due to the recent public knowledge of large corporations misusing personal data. AIre incentivizes users for the information they provide, which is expected to lower resistance to storing personal data.
• Rights to use the AIre service: The token economy is designed to expand the ecosystem organically since participants will receive unique benefits from using the ARCS token as opposed to fiat currencies. The core value of AIre is the data which the data banks hold and ARCS is the global network currency which data buyers can use to buy data with.

2.Token flow
Below is a demonstration of the ARCS token flow:

• Users input data into the AIre data bank and receive ARCS as a reward;
• Companies who wish to acquire data from the data bank will first buy ARCS from an exchange;
• Companies can then buy data from a data bank with ARCS. At the same time, users will be rewarded for their data and IFA will collect a commission fee for delivering the service;
• Companies can utilize the data for their services and offer it to AIre users in return for ARCS

3.Future development
ARCS is the native token of AIre. It can be held in wallets that support the ERC-20 token standard and be traded on exchanges which list ARCS. It will fluctuate according to market conditions. ARCS is mainly used for the following purposes

4.Decentralized digital identities (DIDs)
Blockchain wallets can manage cryptocurrencies such as ARCS, which allow users to transfer and receive digital assets. The rise of digital identity has sparked new standards and applications e.g. decentralized identifiers (DIDs) from the W3C. With the notion of identity, it will be possible to manage a self-sovereign identity in a wallet as well. AIre plans to implement DIDs as an integrated part of the blockchain so that users can assign attributes to their digital identity and claim verifiable credentials from blockchain-powered claim issuers.

5.Financial assets
It is assumed that the bank API will be used in cooperation with existing banks. It will be possible to integrate financial data of existing banks and personal information with AIre to
provide more sound and fair services. As a precedent, banks in the Netherlands (ING), Germany
(Fidor Bank), the United Kingdom (Barclays), Spain (BBVA), and more, have already released bank APIs and encouraged startups in other industries to participate in the financial industry. As banks begin to evolve and the question of how banks should be run is faced, from experience we see the value in them working with companies in other industries to make finance more
accessible to others. The push to release banking APIs has had a major impact on the movement in Europe. In Japan, a banking law amendment made in May 2017 included an
obligation to release APIs. Although it is not yet obligatory worldwide, we expect that open APIs will become mainstream in the future. Coexistence with existing banks will ensure a high level of
data and risk management. Also, it will help identify the behavioral patterns and trends of their users with other services, and solve the problem of limited credit information, which is one of the core reasons why startups and young people find it difficult to obtain loans from banks.

ARCS TOKEN DETAILS
ARCS is the native token in the AIre ecosystem. It is issued on the Ethereum network with the ERC-20 token standard.
The ARCS token is issued based on the parameters shown in the table below
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

Token ARX listed Kucoin

ROADMAP

More information:

Website: https://www.arcs-chain.com/
White paper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Twitter: https://twitter.com/ARCS_ARX
Medium: https://medium.com/arcs-arx-official
Telegram: https://t.me/ARCS_ARX_EN

Author:

Username: yohohoho
Link profile: https://bitcointalk.org/index.php?action=profile;u=2057877