Review ARCS -A new world token by Alre

Introduce

The introduction of crypto currency to the world has been setting the pace for the past decade and today; and its importance cannot be unequally yoked with unbelief. Recently, I have been searching and sifting out good projects to introduce to everyone! Today, with this article I will help you understand the ARCS project, this is really a good project!

ARCS is a token in the AIre project ecosystem!

First, what is Alre? What you need to know about Alre!

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.

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.

AIre provide an infrastructure for data banks, business, individuals and other participants to transact on and do data commerce. Data will rest with the participants and they have to comply with their regional regulations. Since we don’t upload data to the blockchain, there’s less regulations to comply with. However, we are aware of GDPR and will implement privacy features to comply with this. Also, AIre plans to develop a product, which will be fully compliant to the regulations in the different regions it operates.

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.
• 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.

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.

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 : 0x20b1a8a9ca1c7302b7f774266c491c7b1162277

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.

TEAM MEMBER

See more:

• Website: https://www.arcs-chain.com/
• Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
• Twitter: https://twitter.com/ARCS_ARX
• Telegram: https://t.me/ARCS_ARX_EN
• Medium: https://medium.com/arcs-arx-official
  Author:
• Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2704437