Recently, crypto exchange KuCoin has directly listed the ARX / USDT pair. Did you know about this ARCS (ARX) token? If not, see this article!
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ARCS (ARX) price, marketcap, chart, and fundamentals info
ARCS is a token in the AIre project ecosystem. ARCS, denoted by ARX, is used to reward users in the ecosystem. This ecosystem is centered around a data bank. This bank will hold the user’s data and make it available to a third party. The third party will pay for the data for their activities. Ultimately, data providers will receive ARX tokens as a reward.
As everyone knows the data, our habits all have value. But now, most of this data has been taken without our permission.
We thought Facebook was free. Actually, Facebook is not free at all. If it’s free, how can we keep the company? They take our daily data for their own purposes. For example, you text on Facebook Messenger to a friend from Pizza. Then you surf the message board and find a series of advertisements. Pizza Hut, Domino’s Pizza, … This is exactly how they took our data to run the ads.
So what does it have to do with ARCS? Relevance here is your personal data. You will receive ARX when you contribute your information in the information banking ecosystem. Not being taken without the user’s permission like Facebook did.
What is Project AIre?
AIre is a project of IFA company. The goal is to become a new generation bank. A data bank. AIre they will collect user data by incentive with ARCS token. More precisely a business monetizing data. They will take the fee from ARX transactions through data banks.
IFA Company will provide or develop tools for data collection. Data such as social network account links, location, web history, healthcare data … Of course there must be a user consent. In exchange for that information you will receive ARX.
Data banks will use Blockchain to store the collected information. Since the data is stored on Blockchain, falsifying information becomes impossible. This creates a transparency for the data.
Exclusive APIs from AIre provide companies for integration into work and applications with data banking. Even offering dedicated data banking services to these companies.
Token ARCS specification
- Token issuer:IFA Co., Ltd.
- Token Name: ARCS
- Token symbol: ARX
- The total supply of tokens : 20,000,000,000
- Release plan: Release it all in one go
- Number of decimals: 18
- Blockchain Platform: Ethereum
- Token Standard: ERC20
- Contract address: Undefined
Company information IFA
- Company name: IFA Co., Ltd.
- Located: 15F, Shinjuku Sumitomo Building, 2 Chome-6-1 Nishishinjuku, Shinjuku City, Tokyo 163-0290, Japan
- Representative: Masashi Mizukura (Holding the position of president)
- Communications: 03-5909-5335
- Webpage: https://ifa-aire.co.jp
- Establish: October 1, 2014
The Movement of ARCS (ARX)
There will be two main subjects joining the ecosystem and using ARX. The first is that the user is the primary source of data. The second is the companies that buy data from AIre. ARCS tokens will circulate between these two objects. And the IFA company’s earnings come from the inter-stakeholder portion of the ecosystem.
The ARX token serves as a fuel source that helps accelerate this ecosystem development. IFA will pay bonuses by ARCS for information. When there is a lot of data, companies will keep an eye on it. In order to purchase the data, they must pay with ARCS. At this point, companies are required to buy fiat ARX at exchanges. Then use these tokens to buy information. Companies may also provide services to users in order to receive rewards. These services are likely to meet the needs of the users. Users are willing to use the ARCS to use this service.
The future of ARCS
The ultimate AIre ecosystem will feature a variety of individuals as well as corporations. Requires a variety of services and applications to meet their needs.
There are many scenarios given such as: Decentralized digital identity, Tokenization of assets, … If these scenarios come true, many problems will be solved. A new Credit standard doesn’t have to be based on income or employment status. Assets such as cars or even paintings can also be tokenized. There may be a data-based user scoring mechanism, combined with Blockhain, making P2P borrowing or investment more accessible.
The ecosystem is diverse and with many participants, the demand for ARCS is also increasing. Since then the value also increases.
You may be interested in: What is blockchain? Blockchain blockchain applications
How to get ARX
Currently the project is still in the development stage. Therefore, you cannot provide information to receive ARX tokens. The only way now is to buy directly at the KuCoin exchange. If you do not have, then register under the link: https://CHK.com/go/kucoin. After registration, you KYC and deposit money to buy.
Should invest in ARCS?
CHK (BTA) is informative for everyone. Everyone should remember that investing in cryptocurrency comes with risks. Through this post, everyone can make an investment decision or not!
Project schedule from December 2019 to through 2020. Upon completion of the next IEO there will be AIre beta in April 2020. The announcement of the ARCS joint venture will take place in October. During 2020, the announcement will be made. Original Chain.
Membership in the AIre project
The picture below shows the members of this project. With a common goal is to create a new generation bank.
Hope the article gives all knowledge about the AIre project and understanding of the token ARCS (ARX). Also you can learn about other projects at investment categories of the CHK Please. Thank you for reading this article!
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