I welcome You dear readers. Today we will talk about the project called ARCC, which stands for ASIA RESERVE CURRENCY COIN Asian reserve currency. The aim of this project is to fight corruption in the South-East Asia region, improve the living standards of the population, blurring the border between the poor and the rich, as well as financing various professionals and promising companies.
What is the danger of corruption
If it seems to you that corruption is harmful only that officials can get lost in the expensive mansions or choke on a bone from the expensive lobster, you are mistaken.
Corruption is a global fraudulent scheme implemented within the state. It is not just bribes by officials from business representatives, or bribes of police from criminal authorities. No, corruption, financial fraud, in which taxes collected by officials from citizens are not distributed to the people's needs, and settle in the pockets of the ruling elite. At the same time, of course, medicine, education, the public sector, security within the country, and other municipal spheres of life suffer, which should be supported by the state from taxes collected from the population.
Corruption is widespread throughout the world, of course, in Russia its level is very, very high, but in the countries of South-East Asia it is even stronger – the population there is very poor, although in this region there are many enterprises, agricultural structures and minerals. Corruption in these regions also leads to an increased crime rate, especially in the drug trade, because most of the world's plant-based drugs, in particular heroin, are produced in Asia.
The decision from the company ARCC
ARCC startup to solve the problem of corruption as such, as well as its consequences and various other manifestations, gathered a team of financial, economic and IT professionals of high class.
They will develop a special decentralized multifunctional platform that will strike a blow to corruption from all fronts, offering a comprehensive solution.
First, a single blockchain registry of corrupt officials and regions will be created on the ARCC platform. It will fill as experts through various research, as well as ordinary citizens – on the platform by uploading documentary evidence of corruption on the part of certain officials or the ruling group. Thus, a single database will be formed, which will store information about all the "sins" of those or other power elites, which will undoubtedly affect public opinion and form the right course of the vote. Especially considering the fact that ARCC is a decentralized platform built on the blockchain, and all the information on it is unchangeable and open.
Secondly, ARCC, as a company, will be engaged in improving the lives of ordinary people. This will be done through the treatment of grants for the development of small business and the opening of enterprises, those people who have the determination and promising ideas, but can not implement them in view of the financial qualification. Of course, first of all, those companies that will bring the greatest benefit to society will be sponsored.
About the token:
The entire economic model of the ASIA RESERVE CURRENCY COIN project will be built on its own crypto currency token, which is called ARCC.
It is in this token that all grants will be paid, as well as small rewards to citizens who help with their active citizenship in the fight against corruption. ARCC will also be distributed through Airdrop, so that a small number of it will be able to get everyone.
At the moment, the ARCC token can be purchased during the ICO, however, for the initial sale only some of the coins are exposed, because the ARCC FINANCIAL development plan involves the gradual minting of new coins. This economic plan of the issue is painted for the next 40 years, so that the ARCC token will be protected from strong inflation. In addition to the limited gradual issue, all tokens that were not distributed for grants and Airdrop during the year will be burned, so as not to create an overabundance of coins on the market.
The token is programmatically based on the Ethereum blockchain and has the ERC 20 standard, but the ARCC team has made a lot of changes and improvements to it, so it is not another throw coin made under the blueprint for the Ethereum blockchain. But it, like any token of this standard, can be stored in any wallet that supports Ethereum tokens, such as Mith, Meta Mask and MEW.
Project team:
Conclusion:
Summing up, I would like to say that the ARCC project is quite promising in terms of investment, in my subjective opinion, and the goals of its creators are very good.
Thank you for attention!
All useful links can be found below:
Website: https://ibmr.io
Whitepaper: https://ibmr.io/whitepaper/
Telegram: https://t.me/arccenglish
FACEBOOK: https://www.facebook.com/AsiaReserveCurrencyCoin/
TWITTER: https://twitter.com/ARCC_IBMR
MEDIUM: https://medium.com/@asiareservecurrencycoin
YOUTUBE: https://www.youtube.com/channel/UCEBy9xyVZPaLFqVllY3d12A
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