ARCS : Effectively Bridging the gap between data owners🚀🚀🚀
I give you guys the brief introduction of AIre project and the native token ARCS.
The project takes it root during a vision of bringing well-being to individuals round the world. Well-being is actually a far better life, both physically, mentally and socially. It aims to empower individuals with ownership of their own data and identity in order that they can harvest the worth it holds, rather than giving it away for free of charge . this is often not a declaration of war against the large corporations and centralized authorities who traditionally are collecting data on their terms, but a system for a fairer balance between rightful data owners and therefore the ones who want to accumulate — this is often subsequent generation of knowledge banking.
ALRE is essentially the mechanism which provides the worth to the users that the quantity of knowledge that they were hold and share with wide selection of business communities round the world and having the ability to hold out the various prospective. This mechanism includes the smart contracts during which the info would be stored within the data bank by the role of code then it'll be share to the business users all process perform in data bank regulate the high level security and having no risk.
In the same time the users who are store the info in data bank earn rewards that’s why they were bring more data consistent with the user needs for purchasing and selling data.
Due to uncertainty of the info having inaccurate information while the users used the info once they were online and leave that sort of knowledge that are allow to interact in most cases that sort of knowledge are mostly inaccurate information within the same time the tons of users gives negative response.
To solve this problem the ALRE allow the users to used the accurate information that are provided their data that’s why to perform this action ALRE used subsequent generation bank that's being addressed by the all services during which users needs a desired wallet to kept ARX token to interact with the info having the ability to urge the information’s which are accurate regulate the high level of security.
Benefits in a working system
ARC contains three primary functionalities which are data input, data storage and data utilization. It makes available an ID/wallet which is easier to access than bank accounts. This wallet gives users the chance to input their personal data. this may allow them receive financial services that they couldn’t previously receive.
The input of their data on the platform earns them a bonus for using the platform’s tokens, these data are going to be be stored within the data bank system which the system shall calculate the values for every data and store in blockchain to make sure the info is protected. However within the future these data shall be monetized through the allowance of companies to integrate their businesses and applications with these information banks.
• with ARCS, there's quick access to P2P loans and investments
• avialability of a replacement credit standard
• execution of decentralized digital Identities to their blockchain to ensble users assign details to their digital identity
• availability of wallet for the users of the platform to transact with tokens and use them for other purposes.
• ARCS also has the plans of assets tokenization like art, real estates and also security which may be exchanged in real time on the ARCS platform.
3 main points to convince investors to invest long term
1) ARCS is native token of a much bigger ecosystem called AIre, which include incubation, businesses, and blockchain development.
2) ARCS features a clear plan for going public with industry leading partners. initiative was to list with KuCoin. Next steps will include partnerships with big corporations (to be announced).
3) The project is one among the foremost prominent beginning of Japan and team is very experienced with strong connections to relevant partners and public authorities.
We will do incubation to create strong projects within the ecosystem and build partnerships with relevant blockchain projects. all at once for them count that it'll be within data banking or digital identity. we'll continuously participate in events across the planet to satisfy our investors. The community is that the core of AIre. We are that specialize in building a lively community instead of an outsized inactive community. this is often because the community are going to be the AIre users within the end. to interact the community we'll do events, and these are to be announced within the near future.
The role of ARX tokens in the platform was developed
Due to the various participants within the network we'll leverage blockchain to make a system where they don’t got to trust one another because it’s guaranteed by the technology. We also use blockchain to preserve integrity of knowledge , provide self-sovereignty and privacy, and high level of automation with smart contracts.
ARCS is especially used for 2 purposes
1.Incentives for users: Many internet users don't trust big corporations when providing personal data thanks to many cases of misuse. AIre incentivize users for the knowledge they supply , which is predicted to lower resistance of creating personal data entries.
2.Rights to use AIre services: Companies who holds ARCS are going to be ready to acquire and utilize data from AIre. Once the info has been purchased, users are going to be rewarded with ARCS. Companies also can offering their services in AIre ecosystem and ask users to pay ARCS to be used.
Details Token ARX
ARCS are basically native token in ALRE mechanism. it's issued by the Eitherium Network having ERC20 token standard.
Entity to issue tokens IFA Co., Ltd.
Token name ARCS
Token symbol ARX
Total minted tokens 20,000,000,000 (20 Billion)
Issuing schedule Issue all tokens directly
Number of decimals 18
Block chain platform Etherium Token standard ERC20
Contract address 0x20b1a8a9ca1c7302b7f774266c491c7b11622779
Their motivation in building projects
The philosophy of the AIre project may be a desire to enhance well-being for people round the world, not only physically, but also mentally and socially. AIre’ s vision is to empower individuals through the rights to their data and therefore the value their data holds. The ecosystem will include participants of the many kinds, starting from individuals to large data corporations. Participants are going to be ready to transact with one another , protected by the “rule of code” enforced with smart contracts deployed onto a blockchain network. this permits businesses to shop for 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 are going to be protected by a high level of privacy and receive rewards supported inputting data and it getting used . Buying and selling data is increasingly becoming a serious a part of our lives, Aire’ s proposed ecosystem will make buying and selling data an integrated a part of our lives whilst ensuring privacy and fair distribution of knowledge trade.
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
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2540809