May 19 2020
Get To Know ARCS Token, The IFA Company’s AIre Ecosystem Native Tokens
Have you heard about the blockchain project that doesn’t simply offer you future passive income but also functionality? To be honest, there is a particular project named AIre project. Offering solutions for data preservation and security, AIre uses blockchain as a way to prevent data tampering. The project itself uses a native token known as ARCS. In this article, read further and you will learn about the promising project along with the native token.
Brief Definition Of The IFA’s Company AIre
Have you heard about AIre? Probably not or even just heard in a glimpse. Believe it or not, there is numerous blockchain project that comes with interesting promises and systems. From helping SME (small and medium enterprises) to use blockchain solution, want to be the number one currencies, properties rental, etc. But one that comes as unique is the AIre. The project resolves and makes a blockchain platform over a data bank for some reason.
From here you can tell that there are some functional and benefits of joining the project. The main idea of the project is quite simple, which is provide save data bank while later can be used as blockchain sash. The sash will be in the ARCS coin, which is the native coins used in this platform. The process is all under the control of AIre. When your data is acquired, the system will calculate the token sash from it and put it on the blockchain.
The ARCS Coin or Tokens
Worth noting that, AIre is not the first and only project that offers native coin. To make it easier, the ARCS token or coins will be available and can be held in the wallet as long as the apps support ERC-20. It can be said that the token can be traded on exchanges that list ARCS coins in it. A lot of people are not sure to join such as new cryptocurrencies however if the project and the investor are fluctuating, the exchange rate will increase.
At some point, you should know why the project needs native digital money. From the resource, the ARCS token mainly has two basic purposes. The first one is as incentives for you or all users. From the name itself, you can figure out that you can gain some income by joining the data bank. In this case, the concern of avoiding giving personal data to service is the main problem. If you join and provide information in AIre, you will get incentives.
The basic idea of it is to lower down the resistance to storing personal data. You don’t need to worry or hesitate anymore. The AIre has provided a blockchain system that helps prevent data tampering. At the same time, the token itself represents your rights to use all the AIre services. The main core values are the data which are held by the data bank. While the ARCS token works as the global network currency.
Token Specification And Distribution
Named as ARCS the native digital money in the platform is under the entity of IFA Co. Ltd. With the token symbol as ARX, the total minted tokens are 20 Billion. Work under the Ethereum blockchain platform, the token standard is ERC20. The token is exchangeable, however, make sure the exchange site has lists ARCS or running ERC20. Since the project is developing, there is some planned token distribution you should know about.
From a total of 20 billion ARCS tokens, the 50% parentage will be used for third party organizations. Following it, there will be 12,5% for free distribution startup supporters. Incentives for partners and members both will get 2,5% distribution. The IFA allocation for operation and development will take 20%. The last 12,5 percent will be reserved for future needs and plans. This percentage likely changes in future development.
The ARCS Token Flow for income
Interested to join the data bank cryptocurrency train? Hesitate no more, and try putting your money in this unique project. The token flow itself is regarded as simple and possible. To get your incentives, reward, or income, there are some steps your token will take. First, you will need to input data into the data bank and will receive ARCS as a reward. Every third party or company that wishes to acquire your data needs to buy ARCS from exchanges.
After they bought and get ARCS, they can later use it to buy the data from the AIre data bank. This is where everything getting interesting. While the company buys your data or information, you will gain reward for their data. At the same time, IFA will collect the commission fee for you as you have delivered the service. The company later can utilize the data your provided for their services, or offer it to other users for more ARCS token.
The Benefit Of Investing The ARCS
Just as explained before, you will get security and the best place to store your data. The data bank will later be layered with data tampering prevention by using blockchain. While you provide information on AIre, each time your data acquired, you will gain reward or compensation. Isn’t it great? You can store your data and gain money at the same time. In this case, the platform also has a new credit standard.
The standard will make sure that people will have the same chance to gain higher credit, according to their work. The new credit criterion consists of objective data or information provided by the individual. At the same time, the future potential will be evaluated by taking into account some other data. The data are subjective data such as enthusiasm, feeling, and other emotion. It can be said that users can receive trust by utilizing abundant data.
Those are some information regarding the ARCS token and the system. Started with the concern of lack of security and control over data, the project resolve around data bank. With blockchain, the investors or users can both gain some rewards and data tampering prevention. Along with the ability to save all kinds of information and source, this developing project is worthy of checking it out and eventually turn into a good investment.
Website: https://www.arcs-chain.com/
White Paper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Social Media:
https://medium.com/arcs-arx-official
https://t.me/ARCS_ARX_EN
Posted by kurniawan05
Profile link: https://bitcointalk.org/index.php?action=profile;u=1187741
ETH: 0x3946bc29197BF793CB796243109b39b019c3fC00
Jul 4 2020
AIre Project: A DID Blockchain Ecosystem Centered Around Data Bank
Developed under the concern of users have no proper control of their data, AIre Project starts its unique idea to make a blockchain data bank. Stating the truth above the lack of safety for personal identity and database, the AIre project is originating its project to make better or empower the individual through the right to their data. Before jumping too far about the particular project, this article will present you with some basic information about the project.
What Is Aire Project
First thing first, what is this project. You may wonder, what the company wants by working a blockchain ecosystem that centered data bank? As you know, there are tons of possibilities where a blockchain project surfaced and coming from. In this case, the project concerns the problem of private data and value. The project tries to provide the solution along with a blockchain system that will eventually generate some income and reward.
The main idea of this project is unique. The project ecosystem centered around data bank and the users. AIre will provide functionality for the data bank, thus there will be more effective operation along with transactions with business and the individual users. Simply said, that the project will manage and store various data structures in the data bank. Which later will be essentially a business to monetize data. You can save data and get income.
The framework of the AIre is designed to be flexible and easy to build. All the network or platform participants can access and eventually build on AIre via custom-built applications or directly using proprietary APIs. The system and the idea will make companies able to build their business application and scenarios. At this point, the project ensures data tempering prevention using the blockchain system in the platform.
The Functionality, Data Bank and APIs
Confused yet? Don’t worry, this project is not only about having safe bank data but also turn the process into money or reward. With this, AIre comprises main functionalities. are part of the system which makes your data input, then turn it into some token. The main functionalities are information storage, input, and utilization. In this particular project, the data bank is the core of the system. This is where you are going to save all the data.
On the other hand, the APIs will enable orchestration and facilitation of data flow. What kind of data you can store in this data bank? There are tons of data you can store, and AIre will handle all kinds of different data sources. While managing your data, the platform also manages data ownership. It allows you to link each data fragments from data sources. With this kind of systems, you as users can manage and use the data in one integrated network
Information Input
The three main functionalities are started with information input. The first user will input basic personal information, such as name, gender, address, etc. you will need to answer it from the provided questionnaires, social media links, or text from blogs. What makes it interesting is that you will receive tokens or incentives by completing this phase. You don’t need to worry about the ability to process your information, this project is designed to handle complex data.
Information Storage
Just as the name implies, the information storage is the data bank itself. This part is where your data integrity will be preserved. Again, there is something unique with how the progress is made. Here, to preserve and protect your data, the system will automatically calculate the hash values for the data. This sash will go into the blockchain. The use of blockchain will benefit you to gain some sash along with the ability to verify the chance of data tampering.
Information Utilization
As the third functionality, you can expect more than just storing data. The proprietary AIre APIs allow companies and user to integrate the application and business with data banks. Even more, you can even offer your data bank services. The platform allows and relies on technologies to handle different business scenarios. The system network will keep the immutable data record, which later allows you as the user to receive subsequent rewards.
The Business Model Of AIre
Then you might wonder, how can you get benefits in this project. The business model of AIre is where you will create revenues. Briefly explained before, that the user can do a lot of activities and ways on this platform. Which is provide a natural growth in the mechanism. Later on, with the native cryptocurrencies called Arcs token, you and other users will gain income and awards from using and participating in the platform growth.
The process of the business model started with the user and ended with the user. Here, IFA will collect all fees from third parties, when they going to access your data on a data bank. The third-party can acquire data from the data bank. The more the third party is, the higher chance they will acquire data. The system will give you certain amounts of rewards based on the type, volume, and quality of the data. Each time data acquire, rewards will be distributed.
The Use Of Arcs Token To Run The Business
Just like any other blockchain project that provides its currency, AIre has ARCS token as its native token inside the platform. The ARCS token can be held in a wallet that supports ERC-20 token standard and can be traded on exchanges that have ARCS. How it benefits you? If you ask this question, the answer is simple. The Exchange rate can raise one day when the token fluctuates according to market conditions. This token is mainly used as an incentive and user right.
Those are a brief explanation about the AIre project. Most of the information above is related to the identity and the plan of AIre. The project runs a data hub concept which prevents data tampering. This idea surfaced after realizing the problems of the lack of control that every user has regarding their private data and value. Running with native digital money, Arcs token, this project held dearly the proses of data hub cycle to provide max value for user or company.
Website: https://www.arcs-chain.com/
White Paper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Social Media:
https://twitter.com/ARCS_ARX
https://medium.com/arcs-arx-official
https://t.me/ARCS_ARX_EN
Posted by kurniawan05
Profile link: https://bitcointalk.org/index.php?action=profile;u=1187741
ETH: 0x3946bc29197BF793CB796243109b39b019c3fC00
By admin • Blockchain Technology • Tags: ARCS, ARX, Blockchain, business, Crypto, ETH, IFA, Information Input, Information Storage, kucoin, market, money, name, token