ARCS - The New World Token

Vision 

The philosophy of the AIre project is a desire to improve well-being for people around the world, not only physically, but also mentally and socially. AIre’ s vision is to empower individuals through the rights to their data and the value their data holds. The ecosystem will include participants of many kinds, ranging from individuals to large data corporations. Participants will be able to transact with each other, protected by the “rule of code” enforced with smart contracts deployed onto a blockchain network. This enables businesses to buy and sell data while being compliant with personal data regulations, ultimately improving their data analytics capabilities and deriving meaningful insights. Individuals who provide information to data banks will be protected by a high level of privacy and receive rewards based on inputting data and it being used. Buying and selling data is increasingly becoming a major part of our lives, Aire’ s proposed ecosystem will make buying and selling data an integrated part of our lives whilst ensuring privacy and fair distribution of data trade.

About AIre

AIre is an ecosystem centered around data banks and their users.It provides functionality for data banks so that they can operate effectively and transact with businesses and individuals.This section outlines AIre, its functionality, and its business model. It also includes a description of measures to prevent data tampering through using blockchaintechnology and interconnected data bank hubs.

Overview

AIre provides functionality for management and storage of various data structures in “data banks”, which are essentially a business to monetize data. Network participants can access and build on AIre via custom-built applications or directly through proprietary APIs. This provides a flexible framework which makes it easy for companies to build their business scenarios and applications with powerful insights from data analytics

Funcionality

AIre comprises of three main functionalities: information input, information storage, and information utilization. Data banks are at the core of the system for storing data, and APIs enable facilitation and orchestration of data flow. AIre can handle different data sources and manage data ownership, for example, fragmented data from different sources can be linked to rightful user identities in the data bank. As a result, users can manage their data in one integrated network.

Token Economy

The AIre token economy is centered around the ARCS token. Below is a description of the token, its economy, and its functionality.

ARCS Token

ARCS is the native token of AIre. It can be held in wallets that support the ERC-20 token standard and be traded on exchanges which list ARCS. It will fluctuate according to market conditions. ARCS is mainly used for the following purposes:

Incentives for users

Many internet users feel uncomfortable when providing personal data to services due to the recent public knowledge of large corporations misusing personal data. AIre incentivizes users for the information they provide, which is expected to lower resistance to storing personal data.

Rights to use the Aire services

The token economy is designed to expand the ecosystem organically since participants will receive unique benefits from using the ARCS token as opposed to fiat currencies. The core value of AIre is the data which the data banks hold and ARCS is the global network currency which data buyers can use to buy data with.

Token Flow

Below is a demonstration of the ARCS token flow:

1. Users input data into the AIre data bank and receive ARCS as a reward
2. Companies who wish to acquire data from the data bank will first buy ARCS from an exchange;
3. Companies can then buy data from a data bank with ARCS. At the same time, users will be rewarded for their data and IFA will collect a commission fee for delivering the service;
4. Companies can utilize the data for their services and offer it to AIre users in return for ARCS.

ARCS Token Details

Overview

ARCS is the native token in the AIre ecosystem. It is issued on the Ethereum network with the ERC-20 token standard

Token Specifications

Entity to issue tokens              : IFA Co., Ltd

Token Name                            : ARCS

Symbols                                  : ARX

Total Minted Tokens               : 20 Billion

Issuing schedule                      : Issue tokens at once

Number of Decimal                : 18

Blockchain platform               : Ethereum

Token standard                       : ERC20

Contract address                     : 0x20b1a8a9ca1c7302b7f774266c491c7b11622779

 

Token Distribution

The 20 billion ARCS tokens are planned to be distributed as follows:

Amount	Percentage	Usage
10,000,000,000	50%	For third-party organizations(*1) (with lock-up)
2,500,000,000	12.5%	Free distribution to AIre startup supporters
500,000,000	2.5%	Incentives for core members
500,000,000	2.5%	Incentives for partners
4,000,000,000	20%	IFA allocation for development and operations
2,500,000,000	12.5%	Reserve

 MORE INFORMATION

 

WEB | WHITEPAPER | MEDIUM | TWITTER | TELEGRAM 

================================================================ 

Created by      : 15persenlucky

Profile link     : https://bitcointalk.org/index.php?action=profile;u=1210666

ETH address   : 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69