ARCC – ASIA RESERVE CURRENCY COIN

Introduction

As progressive as it sounds, Blockchain really is a system to convey everybody to the most noteworthy level of responsibility. Not any more missed exchanges, human or machine blunders, or even a trade that was not finished with the assent of the gatherings included. Above whatever else, the most basic territory where Blockchain causes is to ensure the legitimacy of an exchange by recording it on a principle enroll as well as an associated dispersed arrangement of registers, which are all associated through a safe approval component.

The blockchain is a morally sound computerized record of monetary exchanges that can be customized to record not simply money related exchanges but rather for all intents and purposes everything of esteem. Blockchain innovation resembles the web in that it has a worked in power. By putting away squares of data that are indistinguishable over its system, the blockchain can’t be controlled by any single substance and has no single purpose of disappointment. The web itself has turned out to be tough for just about 30 years. It’s a reputation that looks good for blockchain innovation as it keeps on being produced.

OVERVIEW OF ARCC

ARCC as a macroeconomic stablecoin creates and reallocates wealth through the elimination of corruption. ARCC is a macroeconomic stablecoin that aims to become a regional crypto-reserve currency backed by a socio-economic network and currency reserve structure. Built on a decentralized network, ARCC plans to create instant widespread impact through entrepreneurial empowerment in a decentralized financial system where participation truly matters.

About The International Blockchain Monetary Reserve

The International Blockchain Monetary Reserve, IBMR.io, is a social impact economic development reserve and advisory established to promote distributed inclusive economic development for the urban working poor in corrupt failing emerging markets through the issuance of regional ‘crypto reserve currencies’ supported by corresponding decentralized economic structures, underlying assets and regional market alignment.

‘Social Proof of Work’ is the basis for IBMR.io’s economic development model which creates an inclusive wealth distribution network that fosters radical social transparency for a corrupt-free entrepreneurial environment that allows for the optimal deployment of a macroeconomic stablecoin ‘crypto-reserve currency’ as a ‘micro asset’ for production.

IBMR.io is registered in Singapore, and its first focus of development is Southeast Asia. Through the issuance and support of ARCC, Asia Reserve Currency Coin, IBMR.io intends to break the cycle of poverty, corruption and wealth disparity in emerging markets through the decentralized properties of cryptocurrency and blockchain technology.

Mission

ARCC’s mission is to ensure stable economic development without corruption of more than 630 million residents in Southeast Asia, while applying blockchain technology and associated cryptocurrencies.

The ARCC economic matrix itself consists of a large number of different functions and elements, each of which is responsible for the performance of certain duties. This matrix looks as follows: 

The Organization

Social Impact Fund Holding Structure

For ARCC, IBMR.io is registered in Singapore as a technology provider and in the process of acquiring all related fund and asset management licenses for the currency reserve and investment management.

Technical Development Team

The technical development team is based in Taipei, Taiwan. The development team will be for the launch of the APP including the wallet, virtual ID and the Social Proof of Work Network.

Think Tank & Advisory

ARCC, under IBMR.io, will have a research team focused on decentralized economic monetary structures, innovations, applications and its social impact. This advisory team will be based in New York, NY.

ARCC Monetary Policy Council

The Monetary Policy Council will run independently from the ARCC executive whereby the ARCC MPC voting will be binding on the reserve for matters of the ARCC token economy.

ARCC Funding Use Cases

‘Social Proof of Work’ Annual Allotments of ARCC

The social mining of ARCC per year will be capped at a set number and be taken from an annual pool. The rate of mining will be scaled on a weekly basis based on the frequency and remaining ARCC coins for the pool. Each market will have its own annual pool allotted for mining.

Airdrops for New Users

Those users who turn 16 years of age will be eligible for an airdrop in the year they turn 16.

Currency Reserve

IBMR.io will sell into the market if the price of ARCC becomes speculative or above the monetary policy mandate and gain further foreign currency (i.e. non-ARCC). Any annual newly minted ARCC in the Currency Reserve which is not used by the year’s end may be burned if the last 3 month average value of ARCC is less than the annual average value. The decision will be put to a vote by the ARCC Monetary Policy Council.

Regional Investments

ARCC will be used in order to seed new investments, grants, scholarships and regional competitions as ARCC. If no suitable investments are available for the year that meet the investment criteria, then the excess ARCC will be burned at the end of the year before the new minting.

Management & Operations

ARCC will be used to cover the cost of management salaries, operations and development as well as performance bonuses. As a social impact project, the model is to make a significant change alongside being a competitive fund. As such, the focus on the management is to find the best and most highly qualified staff in the public and private sectors.

The Advantage

ARCC will be able to encourage the poor for their assistance in uploading data to the ARCC data system.

The downloaded data in the ARCC carefully checked on the true cost of cartel rents, but if there is a mismatch, it means the app ARCC and other media is the awareness about the most corrupt person. This method intends to stimulate the public mandate and support the poor class of residents.

ICO Details

ARCC is backed by an economic system which is structured for adoption, value and increased productivity of the region. The fund usage is as follows and has 4 different phases and includes presale, initial token raise, 1st stage continuous mint, and 2nd stage continuous mint. The overall token economy will be governed by the monetary policy mandate and the monetary policy council.

Distribution of tokens in the first stage of the 18-year period:

Distribution of tokens at the second stage of the 22-year period:

TEAM

Stanley K. Kwok: Co-Founder and Executive Director

Eric Tao: Media, IR and Marketing Executive

Geraldine M. Diaz: Executive Office Administrator

Vince Wang: Executive Office Project Manager

Joel Malasaga: Executive Office Financial Officer

Advisors

Darius Yuen: Advisor

Mark Mu-Chi Sung: Advisor

Conroy Cheng: Advisor

Morgan Potter: Advisor

For more information, please visit:

WEBSITE: https://ibmr.io

WHITEPAPER: https://ibmr.io/wp-content/uploads/2019/02/ARCC-WhitePaper-Jan-feb-26-web-file.pdf

ANN THREAD: https://bitcointalk.org/index.php?topic=5097927.0

TELEGRAM: https://t.me/arccenglish

FACEBOOK: https://www.facebook.com/AsiaReserveCurrencyCoin/

TWITTER: https://twitter.com/ARCC_IBMR

MEDIUM: https://medium.com/@asiareservecurrencycoin

REDDIT: https://www.reddit.com/r/ARCCtoken/

YOUTUBE: https://www.youtube.com/channel/UCEBy9xyVZPaLFqVllY3d12A

Author TheJohnMatch

Mybitcointalkprofile:https://bitcointalk.org/index.php?action=profile;u=1673694

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