ARCC - Eliminating Corruption and Reallocating Wealth

ARCC – Asia Reserve Currency Coin

Corrupt practices are in every sector of the global economy. It is not a surprise that employers underpay their staff while merchants shove up the prices of goods and services. The notion in the public domain is that “corruption is a monster with many heads”. It lies in different places. Thus, hedging it at one point does not translate to overhauling the entire corruption-ridden system.

The era of the blockchain technology brought to life many projects that are gaining momentum in fiat environments. This time, the focus is on the application of this immutable and decentralized network in the fight against corrupt practices. The sole harbinger of this move, the Asia Reserve Currency Coin (ARCC) is keen on making entrenching a corruption-free society. Let us move further and see how the project tends to achieve this milestone.





Decentralization of Emerging Markets in Southeast Asia
The overall goal of this project is to reduce the monopoly of transactions in emerging markets in the Southeastern region of Asia. In the coming years, through the decentralized network (the blockchain), the services can reach other parts of the world.

ARCC intends the barriers in emerging markets where inordinate practices hold sway. The idea is to take advantage of cryptographic currencies and the blockchain technology in repositioning the market. Through this approach, it will not be a head-on battle with existing operations. This innovation will work on a decentralized structure and remove corrupt tendencies in the end.

The International Blockchain Monetary Reserve (IBMR) Perspective
The project is not new, as it has some background. The International Blockchain Monetary Reserve (IBMR) is the economic model behind ARCC and is already operating in Southeast Asia. In the quest to limit corruption in the region, IBMR intends minting crypto coins for the next four (4) decades. In addition, it serves as a reserve for the ARCC coin and aims at regulating the monetary policy mandate in the region.

ARCC’s Social Proof-of-Work
In the traditional blockchain network, the Proof-of-Work (PoW) protocol shows the actual state of affairs, with special regards to transactions. The integration of the concept “Social” intends to map the various activities of the ecosystem participants. Note that what is going now is similar to “the rich get richer, and the poor get poorer”.

Through the concept of “Social Proof-of-Work”, participants in the different urban areas can report corrupt practices within the locale. The interesting part of this composition lies in the fact that data moves across the immutable network (the blockchain technology).





This is a paradigm shift from the traditional way of reporting such cases. Corruption is entrenched in every sector of the economy and making reports of the same meet dead ends most times. This is because most of the authorities at the helm of affairs frustrate sources of such information. That is why the decentralized ecosystem from ARCC will go the extra mile to cut off intermediaries and the overt control from certain quarters.

How it Works
The major approach to breaking the strongholds of corruption is through the location-based Social Proof-of-Work APP. Users can render valid utility data to the ARCC ecosystem through this app. The composition is for users to fill surveys in the mobile app. Users will release vital information such as the location of the inordinate practice, the mode of operation(s), and the user’s notion of the activity will be available to the platform.





To validate the truism of the data, the platform goes to publish it on the ecosystem. It prompts other users to come up with facts to either support or be against the data. If the supporters are many, the platform takes the next step – creating social awareness about the malady. This is to bring such acts to the notice of other persons in the community, and possibly – the government.

It is then up to the government to offer some prices to purchase the data. With this, it can be able to trace the rot in society and take measures to stop the spread.

ARCC as a Stablecoin
The stability of every currency is one of the reasons for the growth and massive adoption. The same applies to traditional currencies and the new kid on the block – cryptocurrencies. The Asia Reserve Currency Coin (ARCC) does not want to limit its operations to the Southeastern region of Asia. That is the reason why it seeks to launch itself into the bigger picture.





To ensure the stability of its coin, ARCC offers incentives to users that report cases of corruption. In addition, the coin mines as users interact with the platform. Furthermore, it operates a Micro Asset Network, which functions as a medium to trace corrupt practices and offering of incentives to participants.
Finally, ARCC serves as a store of long-term value. All these intertwined features will drive the massive adoption of the Asia Reserve Currency Coin (ARCC).

Distribution of Token
The Distribution of the ARCC token will be in two phases. The project aims at minting and allocating tokens for four decades (forty years). Thus, the first phase will run for 18 years and the second for 22 years. Here is the breakdown:

First Phase (a period of 18 years)
ARCC Airdrop: 5%
Management and Operations: 10%
Currency Reserve: 20%
ARCC Social Proof-of-Work Allocation Pool: 20%
Investments: 45%

Second Phase (a period of 22 years)
ARCC Airdrop: 5%
Management and Operations: 10%
ARCC Social Proof-of-Work Allocation Pool: 10%
Currency Reserve: 20%
Investments: 55%

MEET THE AMIABLE TEAM MEMBERS BEHIND ARCC




ARCC has got reputable advisors and partners who have been in the crypto space with great experience




Final Thoughts on ARCC
There is no better time to launch a project like this than now that corruption is the order of the day. The backing from the already-functioning IBMR will help increase ARCC’s chances in the financial disorderliness in Southeast Asia. The core beneficiaries are emerging businesses that are still under the grip of financial monopolists. As ARCC gets ready to fly, the blockchain community and the world, in general, will be anticipating its application in emerging markets around the world.

FOR MORE INSIGHT ON THIS REMARKABLE PROJECT, VISIT THE LINKS BELOW
Website : https://ibmr.io
Whitepaper: https://ibmr.io/whitepaper/
Telegram : https://t.me/arccenglish
Twitter : https://twitter.com/ARCC_IBMR
Facebook : https://www.facebook.com/AsiaReserveCurrencyCoin/
YouTube : https://www.youtube.com/channel/UCEBy9xyVZPaLFqVllY3d12A
Medium : https://medium.com/@asiareservecurrencycoin
Telegram channel : https://t.me/arccannouncements

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Bitcointalk username : deodivine1
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