Asia Reserve Currency Coin (ARCC) - Today, I will introduce you about ASIAN Project that has a vision to solve the economic development of corrupt emerging markets. And all of you know corrupting markets are always found everywhere, and this is a fantastic project that I think we must support so lets get started.
Corrupt failing emerging markets suffer from systemic corruption and combating this requires a collective, open, verified and transparent account (Social Proof of Work Network) as a counter force to clearly identify and expose the corruption. The aggregation, verification and public awareness of this data will start the process for an increased standard of living for the urban working poor by establishing their own political mandate.
Asia Reserve Currency Coin (ARCC) is a regional macroeconomic crypto currency reserve to act as a long-term regional micro asset and a constant incentive for network participation. The aim is to provide socio-economic mobility for urban poor workers in emerging markets by exposing corruption and empowering their entrepreneurial capabilities through financial inclusion.
The International Blockchain Monetary Reserve, IBMR.io, is a social impact economic development reserve and advisory established to promote distributed inclusive economic development for the urban working poor in corrupt failing emerging markets through the issuance of regional ‘crypto-reserve currencies’ supported by corresponding decentralized economic structures, underlying assets and regional market alignment.
Social Proof of Work is the basis for IBMR.io’s economic development model which creates an inclusive wealth distribution network that fosters radical social transparency for a corrupt-free entrepreneurial environment that allows for the optimal deployment of a macroeconomic stablecoin crypto-reserve currency as a micro asset for production.
IBMR.io is registered in Singapore, and its first focus of development is Southeast Asia. Through the issuance and support of ARCC, Asia Reserve Currency Coin, IBMR.io intends to break the cycle of poverty, corruption and wealth disparity in emerging markets through the decentralized properties of cryptocurrency and blockchain technology.
"Social Proof of Work" Annual Allotments of ARCC:
The social mining of ARCC per year will be capped at a set number and be taken from an annual pool. The rate of mining will be scaled on a weekly basis based on the frequency and remaining ARCC coins for the pool. Each market will have its own annual pool allotted for mining.
Airdrops for New Users:
Those users who turn 16 years of age will be eligible for an airdrop in the year they turn 16.
Currency Reserve:
IBMR.io will sell into the market if the price of ARCC becomes speculative or above the monetary policy mandate and gain further foreign currency (i.e. non-ARCC). Any annual newly minted ARCC in the Currency Reserve which is not used by the year’s end may be burned if the last 3 month average value of ARCC is less than the annual average value. The decision will be put to a vote by the ARCC Monetary Policy Council.
Regional Investments:
ARCC will be used in order to seed new investments, grants, scholarships and regional competitions as ARCC. If no suitable investments are available for the year that meet the investment criteria, then the excess ARCC will be burned at the end of the year before the new minting.
Management & Operations:
ARCC will be used to cover the cost of management salaries, operations and development as well as performance bonuses. As a social impact project, the model is to make a significant change alongside being a competitive fund. As such, the focus on the management is to find the best and most highly qualified staff in the public and private sectors.
Long-term development is needed to harmonize the value of macroeconomic stability with production through adoption, use and investment. In the ARCC case, the productivity area is the Southeast Asian region.
There are 3 main mechanisms to achieve this goal:
Currency reserve and regional investment mechanisms that will provide ARCC regional crypto reserve values and manage market circulation supply and demand.
The socio-economic mechanism is "Evidence of Social Work" to reduce corruption, create a public mandate regarding transparency and individual rights, and provide a way for the distribution of debt-free micro assets for entrepreneurial investment.
Management of economic tokens as a stablecoin macroeconomic economic token based on a continuous mint mint mechanism and split coin sharing.
Now that is what we can explain and explain about the Asia Reserve Currency Coin (ARCC), essentially the ARCC is structured as a reserve currency for macroeconomic coins that functions as a long-term regional micro asset and a constant incentive for network participation.
To find out more about the ARCC project, you can immediately visit some of the official references below:
