ARCC – ASIA RESERVE CURRENCY COIN
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, ARCC, a macroeconomic stablecoin that aims to become a regional crypto-reserve currency backed by a socio-economic network and currency reserve structure has arrived.
“Due to the information revolution, a new electronic payment method has been introduced, known as electronic cash, e-bag, e-currency, digital currency, digital money or digital cash. Without a doubt, the purpose of such an instrument is to improve the efficiency of the traditional payment method.
Their main role is to support online e-commerce, enable transactions, reduce their costs, or replace the payment of money and coins in retail. The second reason for the emergence of e-money is the information revolution, which is characterized by the integration of electronic information processing and telecommunication technologies, which reduces the geographical differences by means of which information can be transmitted to the whole world. The information revolution has changed the financial sector, making payment modes more secure and more efficient, giving an additional reason for the emergence of new monetary innovations.”
With that being said, 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.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is ASIA RESERVE CURRENCY COIN?
As depicted above and as indicated on the official website of The International Blockchain Monetary Reserve, IBMR.io, 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.
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:
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.
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.
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.
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.
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:
MEET THE AMAZING 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
Darius Yuen: Advisor
Mark Mu-Chi Sung: Advisor
Conroy Cheng: Advisor
Morgan Potter: Advisor
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Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.