Overview of ARCS and AIre project overview

What is AIre?
AIre is a platform created to visualize human values. In this world, every value that a person has, whether it's technology, what they own or ideas, is tokenized. You can exchange it, exchange money, request and buy it freely. It is open worldwide and anyone can join.
AIre is a decentralized data exchange platform built on Ethereum's Blockchain.
AIre is an IFA project developed in 2017 in Tokyo, Japan.

What does AIre stand out for?

AIre wishes to become a data bank. Where users can benefit from providing information and data to companies and businesses. Companies can earn accurate and quality data.

AIre has 3 main functions:

• Enter the information

Users can enter personal data information such as gender, health, location, links of social networking accounts ... In return users will receive rewards from AIre for their contributions. .

• Save data

The information provided by users will be kept confidential by applying Blockchain technology. Thus data will not be stolen or modified.
Maybe you are interested: What is blockchain? Blockchain handbook for newbies.

• Use the information

The proprietary APIs provided by AIre will allow companies to integrate applications and data into data banks. In addition, companies can purchase data from AIre.

What is ARX Token?

ARCS (code: ARX) is a working token in the AIre project ecosystem.
It is developed on the foundation of Ethereum according to the ERC-20 standard and is expected to be released to the market in December 2019 through an IEO fund call on Kucoin.

_ARCS Token Details: _
Issuer: IFA Co., Ltd.
Token Name: ARCS
Token Symbol: ARX
Total issues: 20,000,000,000 (20 Billion)
Decimal places: 18
Blockchain Platform: Ethereum
Token Standard: ERC20
Contract address : 0x20b1a8a9ca1c7302b7f774266c491c7b11622779

What is ARCS (ARX) used for?

First, let's talk about the participants in the AIre ecosystem. Including:

User: A data source for AIre.
Company: Companies buying data from AIre.

In the AIre ecosystem, ARCS acts as a Utility token with the following uses:

Reward

Users who provide data to AIre will receive an ARX token.
Currently information on how to calculate rewards has not been mentioned in the whitepaper.

Payment

Companies using ARCS are purchased from exchanges to buy data from AIre.
In addition, companies provide services to users to receive ARCS tokens. Users can use ARCS to pay for company services.

Commission Fee

AIre collects commissions with ARX tokens when companies buy data from data banks.
However, the project has not announced how to charge commission when trading.

WEB: https://www.arcs-chain.com/
TWITTER: https://twitter.com/ARCS_ARX
TELEGRAM: https://t.me/ARCS_ARX_EN
WHITEPAPER: https://www.arcs-chain.com/whitepaper...
Author:
usernameBCT: Djigo91
Profile: https://bitcointalk.org/index.php?action=profile;u=2392104