ARCBLOCK — Blockchain 3.0! The public sale will start on Feb 3rd, 2018!!!
OVERVIEWArcBlock is a platform and an ecosystem for building and deploying decentralized blockchain applications. The platform goes beyond providing the necessary foundational components for using blockchain to power complex business rules. It connects your existing system to blockchain networks, enabling you to automate business processes using the data and identities associated with existing systems.ArcBlock’s primary goal is to remove the barriers that have slowed blockchain adoption among the general public. We’re also passionate about developing unique approaches that will significantly advance blockchain development.
PROBLEMS WITH TODAY ’S BLOCKCHAINS
Blockchain technology is still in its infancy. There are many issues preventing developers and businesses from creating widespread, decentralized blockchain applications.
THE ARCBLOCK PLATFORM
ArcBlock solves these problems through its revolutionary new design. Unlike its predecessors, ArcBlock is a platform service , rather than a standalone software package or set of APIs. ArcBlock is a comprehensive solution that combines blockchain technology with Cloud Computing.
ArcBlock is an incentive-driven marketplace for reusable services, components, and even applications. “ Miners ” in ArcBlock platform not only bring computing resources, more over they help to build the platform together by providing reusable components, new services, and even ready to deploy applications. People who contributed resources or services will be rewarded with tokens to form a positive, self-growing platform that continues to evolve on its own. The ArcBlock platform service isn’t our creation alone. It’s developed by the entire ArcBlock community — we’re just kick-starting a new blockchain revolution.
ArcBlock’s introduction of the Open Chain Access Protocol enabled open connectivity over multiple blockchain protocols. Developers now have the freedom to evaluate blockchain protocols, and even switch back and forth between them. The Open Chain Access Protocol makes it easy to implement new blockchains as the technology evolves. It eliminates the platform lock-in issue and enables applications to run on multiple blockchain fabrics, vastly improving the developer and user experiences.
Blocklet is another revolutionary component that takes advantage of the latest microservice architecture and serverless computing technology. Blocklet is a high-level application protocol that can be implemented with any platform or language. It leverages the full capacity of the native platform and offers the same level of performance, rather than running on a low-performing virtual machine.
Blocklet does more than access blockchains. It connects to any existing data source, and performs both on-chain and off-chain computing
ARCBLOCK ’S ADVANTAGES
In addition to solving the common problems outlined above, building and deploying decentralized blockchain applications with ArcBlock has significant advantages over the vendor-specific frameworks available in today’s market.
BUILT FOR THE NEW TOKEN ECONOMY
OPTIMIZED FOR THE BEST EXPERIENCE
BUILT FOR THE CLOUD
BUILT WITH AN OPEN STANDARD
OPEN CHAIN ACCESS PROTOCOL
ArcBlock’s Open Chain Access Protocol enables your application to adapt to a variety of blockchain protocols including Bitcoin, Ethereum, Hyperledger, and more. The Open Chain Access Protocol will be open sourced with an MIT license so that everyone in the blockchain community will be able to contribute, create extensions, and make improvements. We will develop the protocol in private mode, then open source it once we reach the release candidate milestone.
THE TOKEN ECONOMY AND THE SERVICE
What makes ArcBlock unique is that it’s not just a set of APIs or libraries — it’s a robust platform with a full set of features. In addition, the service runs on top of its own native token system, which is driven by latest blockchain technology.
THE ARCBLOCK TOKEN (ABT)
The ArcBlock Token (ABT) is native to the ArcBlock platform. To achieve high-performance transactions, we built an optimized blockchain dedicated to ArcBlock’s own token services and the public ledger. The design goal is to achieve >100,000 Tx/s, which is more than adequate for a wide range of applications. In the future this blockchain could be improved for broader purposes. The ARC is designed as a general purpose token that can be used in different scenarios. Within ArcBlock, the ABT’s basic utility value is to pay for the cost of using the ArcBlock system. Like a cloud computing service, the ABT is a utility token for paying the cost associated with using the service.
Unlike Ethereum or Bitcoin, where users typically pay a fee for each transaction they make, ArcBlock is designed to let application providers pay the transaction fees for their end users. This approach vastly improves the user experience. Developers pay on a monthly basis, enabling them to add up small units and save money. ArcBlock also request developers to lock in a number of ARC token as a stake when they need to provide mission critical services.
ABT TOKEN DISTRIBUTION
• Volume: 186,000,000 ABT
• Finite amount of ABT created
• No inflation
• All tokens pre-minted, no mining required(Algorand doesn’t need mining)
• Maximum token amount for sale: 45%
• Marketing&partner support: 8% (with bounty comprising %1)
• Team(Labs): 15%
• Miners(community rewards): 32%
• Softcap: 12000 ETH
• Hardcap: 37500 ETH + 6M CMTMaximum for private sale: 25000 ETHMaximum for public sale: 12500 ETH + 6M CMT
• ETH(Ethereum) CMT(Cybermiles Token)
Private sale | KYC required
Private sale hardcap: 25000 ETH
1 ETH = 2052 ABT (minimum 100 ETH, 1000 ETH)
Private sale application closed. Review in progress.
Public sale | KYC required
Public sale hardcap: 12500 ETH + 6M CMT
1 ETH = 1900 ABT (minimum 0.1 ETH, 50 ETH)
1 CMT = ? ABT (minimum 200 CMT, 150000 CMT)
(CMT/ABT rate will be locked before the public sale)The public token sale event will begin on
February 3, 2018, at 7pm CST and end on Feb 10, 2018
WHITE PAPER https://www.arcblock.io/file/whitepaper/WhitePaperEnV2_en-US.pdf?v=4
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