Since the advent of bitcoin and the blockchain technology, a new era of financial transactions has been observed. The Unique nature of blockchain technology which include Decentralization, transparency, safety, trust and security have led to many projects being introduced in to this technology in order to take advantages of its unique features.
Also, with the introduction of the blockchain technology with different cryptocurrencies including Bitcoin , Ethereum , Litecoin , Bitcoin lite and others have changed financial transactions from just Fiat currencies to digital currencies. Although the cryptocurrency market is very unstable and the market is highly volatile, yet there is still an increasing rate of adoption of cryptocurrencies. ARCC (Asian Reserve Currency Coin) has also been created to take advantage of the features of the blockchain to act as a table coin which will enhance the economic life of the Poor people of Southeast Asia through Social Proof of Work activities
THE INTRODUCTION OF ASIAN RESERVE CURRENCY COIN
Despite the new era of financial transaction, this has not been able to stop corruption in the Southeast Asian; money is found in a few corrupt hands and does not circulate to the poor and those who really need financial help. This is the main motive behind the creation of this unique project tagged: ARCC (Asian Reserve Currency Coin) to help identify and expose corrupt people and areas within the region thereby reducing corruption while rewarding the people via Social proof of Work. For more information please use the websitehttps://ibmr.io/ and ehitepaper https://ibmr.io/whitepaper/
HOW DO THE PEOPLE EARN ARCC
In order to execute the aim of this project, IBMR.io has designed a structure that will proffer solutions of removing corruption from the area. The team has designed a Social proof of Work, in this program, a user from the Southeast Asia will have to create a survey, identify, verify and report some urban areas that are really affected by the corruption. By doing this, the users will earn ARCC coin and the information gotten from these survey and reports can be used to identify and publicly expose the level at which a particular urban area of Southeast Asia is destroyed by corruption. By earning ARCC via social mining, users will be able to have money for investment and wealth shall be circulated to the poor masses. In order to maintain the value of ARCC coin, the coins earned by users through Social mining after participating in Social Proof of Work shall be vested for 3 years and shall be a stable coin. For more information please use the websitehttps://ibmr.io/ and ehitepaper https://ibmr.io/whitepaper/
THE ADVANTAGE OF ARCC PROJECT
this project is designed with a lot of advantages and one of it is that it will reduced corruption and improve the financial and social economy of the poor people of Southeast Asia who need financial assistance the improve on their businesses, scholarship for students , grant for research students and other great financial benefits. For more information please use the websitehttps://ibmr.io/ and ehitepaper https://ibmr.io/whitepaper/
THE INNOVATIVE FEATURES OF ARCC
ARCC is designed with numerous features that make the project one of its kinds, some of such features are:
i. ARCC will help in reducing corruption in the urban area of Southeast Asia
ii. With ARCC users will gain access to a debt free capital for their businesses and other investments which will also enhance efficiency in entrepreneurial market.
iii. ARCC will promote Social Proof of work network and generate incentives and rewards for participants. For more information please use the websitehttps://ibmr.io/ and whitepaper https://ibmr.io/whitepaper/
TOKEN CREATION AND USE CASES OF ARCC COIN
ARCC developing team has created ARCC coin as an ERC20 token and will serve as the main coin of the ecosystem. The team has also planned to create new coins on a yearly basis for the next 40 years. The coin will be use for several programs.
i. yearly release of ARCC coin for Social Proof of Work program: the team will create a specific amount of ARCC coin that participants will be mining via the social mining activity.
iii. Regional investment: in order to add value to the financial and, economic and social lives of the Southeast Asian, ARCC coin will be issued and paid to students for their scholarship, grants for their research and for investment purpose to enhance their businesses.
iv. Airdrop: Another reason ARCC coins will be created every year is to get those people who will be turning 18 years old yearly in their Airdrop program.
v. Currency Reserve: ARCC will be use for currency reserve program , and in a case where the rate of ARCC gets higher than the monetary policy, IBMR.io will get foreign currencies. For more information please use the websitehttps://ibmr.io/ and ehitepaper https://ibmr.io/whitepaper/
ARCC is designed to be a stable coin in the nearest feature and the team has put modalities in place to achieve this. The Social Proof of Work which allows participants who are strictly the poor or low income earners from the Southeast Asia is a great way of transforming their financial lives and the economy of the region at large. Also, the vesting period of 3 years will enhance the value of this ARCC . For more information please use the websitehttps://ibmr.io/ and ehitepaper https://ibmr.io/whitepaper/
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Authour’s name: funex