ARCS - It’s a High-Tech Structured Token that’s Initiated On ALRE with Great Features.
Welcome to all crypto analysts & enthusiasts, today we'll be delving into the world of the Alre based Ecosystem along with their well structured token called the ARCS token. First off, Tidbits on Alre Ecosystem is going to be detailed before highlighting the features of ARCS token.
FUNCTION OF ALRE
Alre medium is basically a platform based & focused on databanks & their individuals. It enables mechanisms for databanks in order to fully function efficiently & effectively while transacting with enterprises and users. Below will be the features & functionalities that Alre provides. It will also includes processes placed to avoid illegal data modifications via chain network technology & databank hub interconnection.
ALRE MECHANISMS
Alre simply comprises of 3 main mechanisms, they are; Information usage, Storage and Input. Data banks are simply the main core of network for data based storage, while APIs provides data flow simplicity or facilitation. Alre can also handle various sources of data while managing ownership of data. For instance, data fragments from varieties of sources can be connected to the rightful user identities on the data bank. Due to this, users around the ecosystem can now manage their data on an integrated system. The aforementioned mechanism will be detailed below:
Input of Information
Individuals can now input some simple personal informations like genders & adresses, questionnaire based answers, blog texts along with links to profiles on socialmedia platforms. Due to this information input & the frequency of usage, they'll be enabled with incentives. Alre is also structured with the ability to take care of high throughput & intricate data structures from upcoming techs like loT & AI with the individual's consent, and so on.
Storage Of Information
Various type of information will be stored in the system for data banks. In order to sustain the integrity of data, this system will instantly carry out hash value calculations for the data, & store them on a chain network. This permits any individual with the data to check whether it's been tampered with or not.
Information Usage
Alre based API permits various companies to integrate businesses & applications along with data banks. The platform will permits technologies to take care of various business scenarios like reputation & scoring network frameworks. The network's system will keep an immutable record of which users have been provided access to which data and which rewards have been transferred or allocated to which data based provider. The token also has a total minted supply of 400 million ARCS.
Economy of Arcs
ARCS is simply the native coin of Alre's ecosystem. The coin can now be obtained & stored in various wallets that have ERC20 coin Compatibility. They can also be exchanged on different Arcslisted Exchanges. The usage of the coin will be detailed.
Incentivizing the Users
A lot of digital users feel awkward when giving out their personaldata & information to various services due to firms nowadays misusing the personaldata. The platform has placed a system that will incentivize various users for the data they provide.
Rights Over Services
This coin was structured to really expand the platform since individuals will get special benefits from utilizing the coin as opposed to fiat funds.
ROADMAP
Schemes for 2017
● Alre initiation
● Research & developement begins
2018 Schemes
● Project is intiated
● Satellite Office based in Switzerland
Schemes for 2019
● Alre VOICE Initiated
● Obyte business alliance
● Alre initiative announced on
FINSUM
● Korea Blockchain week participation
● Delta summit participation
● Whitepaper launched
● KuCoin listing
● Schemes for 2020
● Announcements for ARCS
CONCLUSION
As the platform consistently grows with more individuals & transactions, it’ll be important to develop a chain network which focus on scalability and high performance rates. The paltform team will structure a chain network design which Arcs will move on to, instead of the Ethereumchain . As the platform continues to ensure every user with great fucntions and business models, ARCS is going to act on facilitating all the transactions within the space.
Useful links
★ WEBSITE
★ TELEGRAM
★ MEDIUM
Writers information
Name: okpanku emperor
Telegram: @Emperoruky
Bitcointalk forum Name: Ukyokorie
Bitcointalk profile link
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Wallet address:0x71bA7B5F69a003a2860359CFe05c828f60CbdD81
