What is the ARCS project?
You know ? ‘Blockchain is a technology to record the transaction history of decentralized cryptocurrencies. No admin or publisher specified; Transaction history is monitored and managed by users, making it difficult for fraudulent transactions or to falsify data.’
I realize that this technology is a very important technology in many areas of life today, and I share with you this ecosystem focused on a data bank. This bank will contain user data and provide it to 3rd parties. Third parties will pay to get data to serve their activities.
ABOUT
In the content of the article will go into a brief explanation of the content of ARCS, AIre first is the project of the IFA company and AIre will collect user data by encouraging with ARCS. And they will collect fees from ARX transactions through data banks. With your personal data, you will receive ARX when you contribute your information in the information banking ecosystem.
There are 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.
In the AIre platform, ARCS will be used primarily for the following purposes:
- Offer when users enter information into AIre.
- Provide workarounds when companies use AIre.
- Rewards for users apply when a company obtains user information from AIre.
- The settlement for services is developed and operated by companies using user information obtained from AIre.
And AIre’s ecosystem will have diverse participation of individuals as well as corporations. Requires many services and applications to meet their needs. With diverse ecosystems and more participants, the demand for ARCS has also increased. From there the value also increased.
The main functions of this project:
- Data entry: 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 storage: Data banks will use Blockchain to store collected information. Because the data is stored on Blockchain, forging information becomes impossible. And this brings the greatness of creating 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.
Token of this project:
Token Name: ARCS
Token symbol: ARX
Total supply of tokens: 20,000,000,000 ARX
Platform: Ethereum
ARCS is the native token of AIre. It can be held in wallets that support the ERC-20 token standard and be traded on exchangeswhich list ARCS. At the moment, the main token of the project being listed on the leading cryptocurrency exchange is Kucoin.
And here is the details distribution disregarding the token:
This project was started in 2017, having today is a great thing for this project. In 2020 the project will perform the following tasks:
- AIre beta version scheduled for release
- ARCS consortium announcement
- Original chain announcements
Conclusion:
And so I have brought you a project that I feel very happy to learn about this project, the things that it brings us to say is very great and we are in need of Blockchain project like that. Hopefully the article will bring all the knowledge about this project. Thank you very much for following my article on this project, for more information regarding the project, please visit the links here:
Website: https://www.arcs-chain.com/
Twitter: https://twitter.com/ARCS_ARX
Medium: https://medium.com/arcs-arx-official
Telegram: https://t.me/ARCS_ARX_EN
WPP: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Author:
Bitcointalk user: fantasticbaby2605 ( https://bitcointalk.org/index.php?action=profile;u=2634533 )
Etherum address: 0xcbe1d478a4051067e6a4ec3646dccf3f3faa5da6
