ASIA RESERVE CURRENCY COIN
Greetings to all today, I will tell you about the ASIAN Project, which has a vision for solving the economic development of corrupt emerging markets. And you all know that the corruption market can always be found everywhere, and this is an ambitious project, which I think we should support, so let's start
So what is the ARCC (ASIA RESERVE CURRENCY COIN)
Macroeconomic regional crypto reserve currency. Act as a long-term regional "micro-asset", as well as a constant incentive to participate in the network. The goal is to ensure the socio-economic mobility of the urban working poor in emerging markets by identifying corruption and expanding their business opportunities through financial integration.
ARCC Mission
The International Blockchain-Monetary Reserve, IBMR.io, is an economic development reserve and social impact advisory service created to promote the distributed, inclusive economic development of urban poor working in corrupt emerging markets through the issuance of regional “crypto-reserve currencies” supported by decentralized economic structures, underlying assets and the alignment of the regional market.
Social proof of work 'is the foundation of the IBMR.io economic development model, which creates an inclusive benefit distribution network that promotes radical social transparency for a non-corruption business environment that makes optimal use of the stable macroeconomic coin “crypto reserve currency” as a “micro asset” for production.
IBMR.io is registered in Singapore, and its first development direction is Southeast Asia. Through the release and support of ARCC, Asia Reserve Currency Coin, IBMR.io intends to break the cycle of poverty, corruption and wealth inequality in emerging markets with the help of decentralized cryptocurrency properties and blockchain technology.
Examples of using ARCC funding
“Social proof of work” Annual allocations of ARCC Social mining of ARCC per year will be limited to a certain number and will be taken from the annual pool. The mining speed will be scaled weekly based on the frequency and remaining ARCC coins for the pool. Each market will have its own annual pool designed for mining.
Airdrops for new users Those users who are 16 years old will receive the right to receive an airfield in the year when they turn 16 years old.
The IBMR.io currency reserve will sell on the market if the ARCC price becomes speculative or exceeds the monetary policy mandate and receives additional foreign currency (ie, not ARCC). Any newly formed ARCC in foreign exchange reserves that is not in use by the end of the year can be burned if the average ARCC value over the last 3 months is less than the average annual value. The decision will be put to a vote by the ARCC Monetary Policy Board.
Regional investment: ARCC will be used for planting new investments, grants, scholarships and regional competitions as an ARCC. If during the year there are no suitable investments that meet the investment criteria, then the excess ARCC will be burned at the end of the year before new minting.
Management and operation: ARCC will be used to cover the costs of wages, management and the development of management, as well as bonuses for results. As a social impact project, the model must make significant changes, being a competitive foundation. Thus, the focus of management is on finding the best and most highly qualified personnel in the public and private sectors.
Conclusion
Systemic corruption and exploitation are usually defined as a political issue. Non-governmental organizations and other foreign government agencies are prohibited from considering corruption in another country as a primary goal due to political costs and the potential limitation or even refusal of the host country. Therefore, Blockchain technology is used with ARCC, I think they can create competing systems against existing corrupt centralized systems. For more rental information click on the link below.
Website: https://ibmr.io/
Bitcointalk theme: https://bitcointalk.org/index.php?topic=5104576.0
White Paper: https://ibmr.io/whitepaper/
Twitter: https://twitter.com/ARCC_IBMR
AUTHOR: Gambangcity
ETH: 0xbd4e6B6E19c55D117badfa5C218Ae03263df6072
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