ARCS
THE PROBLEM
Tech Giants require their users’ Bio-data as a prerequisite to sign up on their platforms. These data are required to obtain some generic information about the user. Information ranging from their full names, Date of Birth, geographical location, nationality and in many cases their phone numbers are sought out for. Unknowingly to these users, many of these tech giants sell their data to data seekers and rake in billions in dollar in the process. Sadly, the users are left out of the reward party as the tech giants smile to the bank. Alre is here to bring the users into the reward equation.
ALRE’S VISION
Alre’s vision is to empower individuals through the rights to their data and the tremendous value their data holds. Participants from every walk of life including big data corporations and individuals alike would be involved in Alre’s project. Every participant in Alre’s ecosystem, irrespective of their geographical location would be able to seamlessly transact with one another without any restriction.
In this 21st century, Data analytics is another testament of the advancement in technology and Alre would leverage on this benefit. Alre would enable data corporations and individuals to buy and sell data from one another as long as they comply with the personal data regulations. With Alre, aspiring individuals would be able to submit their Bio-data to a data bank, one that is secured with a high level of privacy. The individuals would be paid based on the quality of the data inputted and its usage.
One of Alre’s primary goals is to build an ecosystem that would make the buying and selling of personal data a reality and an essential integral part of our lives albeit, ARCS would guarantee the security and equitable distribution of data trade.
RELATIONSHIP BETWEEN ARCS AND ALRE
The Alre ecosystem will employ ARCS token as its native custom token. The token would support storage in ERC-20 wallets and would be tradable on exchanges that list ARCS. The price of ARCS would not be fixed; it would have the ability to fluctuate due to the forces of demand and supply carried out by market participants. ARCS has a maximum supply of 20 billion tokens and are currently trad-able on Kucoin and Probit exchanges, trading above $0.3 per token as of the time of this documentation. The token name and symbol are ARCS and ARX respectively. The entity handling the issuing of tokens is IFA Co. Ltd. 12.5% (2,500, 000,000) of the entire tokens would be kept as reserve while the remaining tokens would be segmented appropriately.
RISK FACTOR CONCERNING THE TOKEN PRICE
The Cryptocurrency market is still in its infancy; it is just a little above 10 years of age, thus has not secured the necessary regulatory and jurisdictional rights on a global scale. This has lead to sudden trading prohibitions by the law on some exchanges drastically causing price fluctuations.
ARCS Token Specification
The Token is based on the Etherium blockchain and the ERC-20 token standard. It will be issued by IFA Co., Ltd, with 20billion tokens minted and issued all at once for proper distribution and use.
- Token Name: ARCS
- Token Image: ARX
- All out Issues: 20,000,000,000 (20 Billion)
- Blockchain Stage: Ethereum
- Token Norm: ERC20
Roadmap
Team
Conclusion
Alre has recognized the importance of protecting the personal data of its users. They have created an ecosystem where the users are in the center of it all, controlling what is being stored and shared between clients.
A safe storage model is of the utmost importance. That is why Alre has chosen immutable and impenetrable blockchain technology. Storing data on the blockchain builds the client’s trust in Alre. The mission of Alre is to protect identifiable personal data and put its users in control of what happens to it. In an ever-changing digital world, the companies who show an ability to protect their clients will earn the respect and trust they deserve. Trust creates opportunities, and opportunities create business growth.
Read More Here
WebSite: https://www.arcs-chain.com/
Twitter: https://twitter.com/ARCS_ARX
Telegram: https://t.me/ARCS_ARX_EN
Proof of Author
Bitcointalk Username: Hugo Lloris
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2853532
Telegram Username: https://t.me/MarioKacang
Wallet : 0xa8348ae131e5E6380AC3141E1882B1cB3152d72a
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