Halo everyone today i will introduce you about ASIAN Project that have vision to solving the economic development of corrupt emerging markets. And all of you know corrupting market always found everywhere, and this is a ambigious project that i think we must support so lets get started
So What is ARCC ( ASIA RESERVE CURRENCY COIN)
A macroeconomic regional crypto-reserve currency. To act as a long-term regional ‘micro asset’ as well as a constant incentive for network participation. The objective is to provide socio-economic mobility for the urban working poor in emerging markets by exposing corruption and empowering their entrepreneurial capabilities through financial inclusion.
ARCC Mission
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.
ARCC Funding Use Cases
‘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.
Conclusion
Systemic corruption and exploitation is normally identified as a political issue. NGOs and other foreign government-based agencies are restricted from dealing with another country’s corruption as a primary objective due to the political costs and potential to be restricted or even rejected from a host nation. So with ARCC use Blockchain Technology i think they can make create competing counter systems to existing corrupt centralized systems. For more information lease click link below
Website : https://ibmr.io/
Whitepaper : https://ibmr.io/whitepaper/
Medium : https://medium.com/@asiareservecurrencycoin
Twitter : https://twitter.com/ARCC_IBMR
Facebook : https://web.facebook.com/AsiaReserveCurrencyCoin/?_rdc=1&_rdr
Bitcointalk Thread : https://bitcointalk.org/index.php?topic=5104576.0
Author : bubu4845
MyBitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1640802
