Oct 22, 2021
A New World Token is ARCS.
In recent years, privacy concerns have been a source of special worry for many parties. For example, in the banking sector, there is a problem with a large amount of client data escaping to the public, causing many parties to suffer as a result. Not only that, but there are still numerous situations involving privacy in current times.
The cryptocurrency was created to provide an alternate payment method that is more decentralized, transparent, and anonymous for all parties. Cryptocurrency is regarded as a solution, particularly for privacy issues, because no one can learn the identify of the user by using it. And it is for this reason that ARCS, a cryptocurrency, was launched in order to expedite the development of AIre, a platform with functionality in data banks that allows them to work more efficiently and effectively.
Cryptocurrency :
Cryptocurrencies play a significant role in accelerating fundraising on hundreds of platforms across the world. Cryptocurrencies allow for speedier funding and the creation of a financial ecosystem in which everyone may participate and benefit. Cryptocurrencies are thought to be far more efficient and superior to existing payment systems since they enable transactions to be quicker, more efficient, decentralized, and transparent. As a result, AIre, a platform focusing on data banks, introduced their native coin, ARCS. ARCS is AIre’s only native cryptocurrency with various uses, one of which is to speed AIre’s construction. Because by establishing ARCS, AIre will be able to obtain money more quickly, and it will also allow individuals all around the world to avoid investing in AIre.
The ARCS coin will initially be issued on the Ethereum network, as it is currently one of the most popular networks. However, as blockchain technology evolves, ARCS will be offered on additional chains, such as the Binance Smart Chain, in the future. As a result, the ARCS token can have a broader user base that is not confined to a single chain.
Project’s Vision & Ecosystem :
As a community-based cryptocurrency product, its ecosystem has integrated a wide range of participants, including but not limited to participants from large data corporations. Of course, through this platform, each participant will be able to transact with one another while being protected by the rule of code, which is enforced by smart contracts developed on a blockchain network. Because buying and selling data is becoming an increasingly important part of our lives, this procedure allows firms to purchase and sell after becoming compliant. Based on data input and usage, there is little doubt that individuals who submit information to the data bank will be well protected by the high level of privacy and subsequently get incentives on this platform.
ARCS Features :
ARCS is a blockchain-based cryptocurrency that will be introduced in the future to assist AIre. The capabilities provided by ARCS allow users to conduct transactions more quickly, efficiently, safely, and at a reduced cost. ARCS tokens also make it easier for consumers to invest in AIre because purchasing AIre tokens is the same as purchasing AIre shares. But that’s not all; ARCS has numerous other characteristics as well :
- Incentives for Users : When users contribute data to AIre, they will receive incentives in the form of ARCS tokens. AIre can encourage users to continue using AIre in this manner.
- Rights to Utilize the AIre Service : When users wish to use AIre, they must first get ARCS tokens in order to access various services on AIre.
- For Enterprises : Companies who wish to obtain user data from AIre must first buy a specific amount of ARCS tokens, which will then be dispersed to users as incentives.
- AIre will create a digital wallet that will meet the demands of diverse users. They will be able to perform secure transactions and manage ARCS tokens more simply with this digital wallet.
Tokenomics :
Users may easily acquire ARCS tokens on the AIre platform by using one of the supported exchanges. The ARCS token is a native token of the AIre platform that serves a vital purpose in speeding AIre construction and is also the “key” that users require to utilize AIre services because users cannot use various AIre services without ARCS tokens. Later on, the firm will require this token in order to obtain access to user data, and the AIre platform will use the token as a reward for users who give data. This is a solution that benefits both the corporation and the consumer, and it is only feasible thanks to the ARCS token. This token will be released on the Ethereum-based blockchain and the Binance Smart Chain, but it is possible that additional chains may be used as well, given the size of the crypto market and the AIre platform’s desire to grow its user base.
Roadmap :
To conclude :
Cryptocurrency is a digital product that was created to be an alternative payment method that provides more functionality than traditional payment methods. Because cryptocurrencies may be used to solve a variety of privacy and efficiency issues, several platforms are already establishing their own coins. And ARCS is here to stay as a cryptocurrency that will eventually support the AIre platform. ARCS is AIre’s native cryptocurrency, which will help to accelerate AIre’s development by allowing users to invest in AIre more simply and by making transactions safer, more efficient, and more rewarding for consumers. Users will later get incentives in the form of ARCS tokens for the data they supply on the AIre platform, which is collected from firms that pay many ARCS tokens for the data they utilize on the AIre platform. This solution is an AIre invention, and it is what people throughout the world expect. ARCS’s aim is to become a cryptocurrency that will accelerate the AIre platform’s building process, allowing AIre’s operations and development to operate more smoothly.
More Info :
Author
Forum Username : cryptopathum
Froum profile url : https://bitcointalk.org/index.php?action=profile;u=2088829
Telegram username : @pathumbitcoin
BSC Address : 0x88c058389C0eaB00a3516273245C50Ca5141A34e
