ARCS (ARX)? An overall review of the new personal data platform appears in ARCS
ARCS Platform (ARX)
ALRE was created with the aim of becoming a data bank. Platform users will benefit in exchange for agreeing to provide personal information to businesses or organizations in the network. On the business side, the benefit for them is the source of user data that has been filtered and tested with high quality.
The ARCS platform has 3 main parts:
Receive information.
The user provides personal information such as gender, health status, residence, social networking, ARX will then give a gift to the user.
Save the information.
The information provided will then be stored on the blockchain. The blockchain platform, thanks to superior technology and distributed characteristics, cannot be stolen or modified.
Information extraction
Businesses or organizations will work with Alre to get an API to access the database. Apart from that, they can also choose to buy once.
ARCS Evaluation (ARX) from KTS Group.
Advantages of ARCS (ARX).
This project has built a complete model of how components will interact and generate revenue to attract users to the platform.
Based in Japan, this country is quite open to blockchain development.
Based on the Ethereum blockchain, the second largest blockchain platform behind Bitcoin, will save development time, and also benefit from a large number of users.
Advanced mechanisms help secure and help users generate revenue from personal information.
Overcome the problem of current data pulses from many traditional platforms.
Highly valued and registered by Kucoin, this exchange has a high ranking on Coinmarketcap.
How ALRE Can Help Change the World?
As of mid-February, IFA succeeded in developing the prototype of ARCS chain, and concluded technological verifications of 1, 2, 5a, and 5b using the prototypes.
Data entry: Provide or develop tools to gather data. Data like links of social networking accounts, location, web history, health care data … in fact , there must be user consent. In return, you'll receive ARX.
Data storage: Data banks will use Blockchain to store collected information. Because the info is stored on Blockchain, forging information becomes impossible. And this brings the greatness of making data transparency.
Data usage: Exclusive APIs from AIre provide companies to integrate into their work and applications with data banks. Even provide data banking services specifically for these companies.
Effects of ARCS tokens ARX
There are two main components that will join the Alre platform:
User: is a data source for ARCS.
Company: participates in data mining on the ARCS platform
On the Alre platform, ARX acts as an application coin for the following purposes:
Appreciation.
Users will receive a number of ARX tokens based on personal data provided.
Pay.
Businesses use ARX tokens to buy data at Alre.
Businesses will then process this data according to their needs and offer services to users on the ARCS platform to receive ARX tokens.
Intermediary fee.
The Alre Project will charge intermediary fees through ARX when the company buys data from the Alre platform.
ARC (ARX) development road map.
As you can see, the project has now completed its goal to be listed on the Kucoin exchange. In addition, the next important event of ARX is the launch of a trial version of the product.
Information about ARCS tokens (ARX)
Symbol: ARX.
Contract address: 0x20b1a8a9ca1c7302b7f774266c491c7b11622779
Blockchain: Ethereum.
Token Type: ERC-20.
Total supply: 20 billion.
Home: https://www.arcs-chain.com/
ARCS token distribution plan (ARX).
The 20 billion ARX tokens are planned by the development team as follows:
50% owned by intermediaries.
20% is devoted to development and operations.
12.5% in reserve funds.
12.5% is used for airdrops for supporters of Startup Alre.
2.5% is reserved for the development team.
2.5% is reserved for partners.
Currently ARX tokens are available on the Kucoin, Probit exchanges and you can check them on Coinmarketcap and Coingecko as price gauges at the moment.
ARX tokens choose a very high daily volume, which means that this is good enough in the long term investment and the price is quite stable, there is no severe dump as long as their tokens are on the exchange, I think it is likely that these ARX tokens will be higher after they launch their products.
https://coinmarketcap.com/currencies/arcs/markets
https://www.coingecko.com/id/koin_koin/arcs#markets
Team
Conclusion
Above are reviews and reference information about the ARCS project and ARX tokens. At present, ARX tokens can be exchanged at the Kucoin exchange. This article is not an investment suggestion. Financial markets always carry many risks. KTS Group recommends that you do a thorough research before making your own decisions.
More: Informations
Website: https://www.arcs-chain.com/
Telegram: https://t.me/ARCS_ARX_EN
Twitter: https://twitter.com/ARCS_ARX
Medium: https://medium.com/arcs-arx-official
Whitepaper : https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Bitcointalk: Dodi_Gejul