ARCS

ARCS 

The purpose of this project is to improve people's welbeing around the world including mentally and socially and to empower individuals throgh the rights to their data and the value of their data.The ecosystem will include paritcipants of may kinds, ranging from individuals to large data corporations. Participants will be able to transact with each other, protected by the “rule of code” enforced with smart contracts deployed onto a blockchain network. This enables businesses to buy and sell data while being compliant with personal data regulations, ultimately improving their data analytics capabilities and deriving meaningful insights. Individuals who provide information to data banks will be protected by a high level of privacy and receive rewards based on inputting data and it being used. Buying and selling data is increasingly becoming a major part of our lives, Aire’ s proposed ecosystem will make buying and selling data an integrated part of our lives whilst ensuring privacy and fair distribution of data trade.

Alre targets mainly the two main markets which are the information industry market and financial refugee market.

ARCS is a token relying on the Ethereum platform. However, the operating situation of the Ethereum platform is about to reach its limitation, provoking the alarm about its future prospects.There is still a great chance of improving the situation. 

 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

Support Project is AIre.

 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.

The AIre token economy is centered around the ARCS token. Below is a description of the token,its economy, and its functionality.

ARCS Token

Explanation

User company

IFA

Transaction

fee

Service Application

AIre

Pegging

Data bank

Block chain

Data

Buy ARCS from

Exchange

Payment with ARCS

Receive ARCS

by entering data

Receive ARCS

by entering data

Receive service

by using ARCS

Receive ARCS when

providing services

Data

Data

Exchange

Use Provide

ARCS

Fiat/Crypto Currency

 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:

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.

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.

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.

As the ecosystem grows with more users and transactions,

it will be necessary to build a blockchain that can

accommodate scalability, performance, and customization

requirements. ARCS is initially issued on the Ethereum

network to begin development and build the ecosystem.

However, Ethereum will not be able to meet the requirements

at scale. Going forward, the team will design and build an

AIre proprietary blockchain infrastructure which the ARCS

tokens will later migrate to. During the migration, the token

holders will have to swap from the ERC-20 token standard to

AIre’s new native token standard.

        ROAD MAP

July 2017- - - - - AIre concept born & Research begins

April 2018 - - - - AIre project starts

October 2018- - - Satellite office established in Crypto Valley, Zug,Switzerland

March 2019 - - - - AIre VOICE opens & Business alliance with Obyte announced

June 2019 - - - - AIre VOICE wins at WBF 2019 Innovative Media Top 10

September 2019 - - AIre concept announced for the first time at FINSUM,

        -- Participation in Blockchain Live 2019 in London, UK         

        -- Participation in Korea Blockchain Week, Seoul, Korea

October 2019 - - Participation in Delta Summit, Malta

-- Participation in Blockchain Life, Moscow, Russia

November 2019 - -- White paper released

December 2019 - -- Scheduled exchange listing

April 2020 - - - AIre beta version scheduled for release

October 2020 - -- ARCS consortium announcement

Throughout 2020 -- Original chain announcements

         TEAM

Masashi Mizukura-CEO

Kunihiro Katsuragi- Board Director and COO

Hiroshi Mizukura - Board Director and CFO

Yoshikazu Abe - - Board Director and CRO

Ryohei Osaka - - Board Director CMO

Yoshinobu Shijo- - Board Director CTO

Kenta Sugihara - - Executive Officer CCO

Masahiko Tamamura- Executive Officer CSO

Miho Takahashi - - Executive Officer CAO

Mathias Glintborg- Development Manager

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For more details of the project, visit these social links:-

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Medium : https://medium.com/arcs-arx-official

Twitter : https://twitter.com/ARCS_ARX

Telegram :  https://telegram.me/ARCS_ARX_EN

White Paper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b  

Bitcoin Talk: https://bitcointalk.org/index.php?topic=5244177

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Author's details:

Telegram user name : @Prasad555

email id : [email protected]

Bitcoin talk user name : PRASAD555

Bitcoin talk profile : https://bitcointalk.org/index.php?action=profile;u=2759642

ETH : 0x35F402373c116Ec8a70A4BEADD54390BE1ff722f

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