What is ARCS?
Alre is a world which various human values can be turned into assets and used as social resources.
ARCS is a token issued to make its construction faster.
To realize this non-centralized system, they will operate it in a unique way.
Please enjoy the new world which is full of fresh values and lighted up by ARCS.
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:
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.
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
● Users input data into the AIre data bank and receive ARCS as a reward;
● Companies who wish to acquire data from the data bank will first buy ARCS from an exchange;
● Companies can then buy data from a data bank with ARCS. At the same time, users will be rewarded for their data and IFA, the operating company of the ARCS project, will collect a commission fee for delivering the service;
● Companies can utilize the data for their services and offer it to AIre users in return for ARCS.
Future development
The roadmap consists of four phases. In each phase, they have placed milestones from the three perspectives of Business, Token, and Technology & Development. Each phase is explained in turn in the following image:
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 370+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About ARCS
ARCS is a project that commits to solving problems of the current data collection system. Alre Databank, at which ARCS is used as a native token, collects personal data from individual users and corporate customers can purchase user data from the data warehouse. To learn more about ARCS, please visit their website or official Medium, follow their Twitter and join their Telegram.
