ASIA RESERVE CURRENCY COIN

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ARCC is a macroeconomic stablecoin that aims to become a regional crypto-reserve currency backed by a socio-economic network and currency reserve structure. Built on a decentralized network, ARCC plans to create instant widespread impact through entrepreneurial empowerment in a decentralized financial system where participation truly matters.

Introducing the Asia Reserve Currency Coin 


ARCC MISSION :

  • The International Blockchain Monetary Reserve, IBMR.io, is a social impact economic development reserve and advisory established to promote distributed inclusive economic development for the urban working poor in corrupt failing emerging markets through the issuance of regional ‘crypto-reserve currencies’ supported by corresponding decentralized economic structures, underlying assets and regional market alignment.
  • Social Proof of Work’ is the basis for IBMR.io’s economic development model which creates an inclusive wealth distribution network that fosters radical social transparency for a corrupt-free entrepreneurial environment that allows for the optimal deployment of a macroeconomic stablecoin ‘crypto-reserve currency’ as a ‘micro asset’ for production.
  • IBMR.io is registered in Singapore, and its first focus of development is Southeast Asia. Through the issuance and support of ARCC, Asia Reserve Currency Coin, IBMR.io intends to break the cycle of poverty, corruption and wealth disparity in emerging markets through the decentralized properties of cryptocurrency and blockchain technology.


SOCIAL PROOF OF WORK :
The act of mining by participating in socio-economic surveys and being rewarded with ARCC, whereby the Social Proof of Work maintains the integrity of the socio-economic data network through reporting and verification by the participants.

DIFFERENCE BETWEEN SOCIAL PROOF OF WORK AND THE SOCIAL PROOF OF WORK NETWORK :
Social Proof of Work is the act of mining by reporting on corruption, whereas the ‘Social Proof of Work Network’ is the network of participants on the Social Proof of Work APP.



ORGANIZATIONAL STRUCTURE :








FUND USAGE

ARCC IS BACKED BY AN ECONOMIC SYSTEM WHICH IS STRUCTURED FOR ADOPTION, VALUE AND INCREASED PRODUCTIVITY OF THE REGION. THE FUND USAGE IS AS FOLLOWS AND HAS 4 DIFFERENT PHASES AND INCLUDES PRESALE, INITIAL TOKEN RAISE, 1ST STAGE CONTINUOUS MINT, AND 2ND STAGE CONTINUOUS MINT. THE OVERALL TOKEN ECONOMY WILL BE GOVERNED BY THE MONETARY POLICY MANDATE AND THE MONETARY POLICY COUNCIL.

SUPPLY

TO EXECUTE THIS CRYPTO-RESERVE MODEL, NEW ARCC TOKENS WILL BE MINTED AT THE END OF THE TOKEN RAISE AND ON AN ANNUAL SCHEDULE FOR 40 YEARS THEREAFTER. INSTEAD OF ESTIMATING A TOTAL MINT AND THEN HOLDING A LARGE PERCENTAGE OF ARCC, THE STRUCTURE WAS DETERMINED TO ALLOW FOR FLEXIBILITY IN RELATION TO THE MARKET ADOPTION AND STRENGTH OF ARCC. FOR EXAMPLE, THERE ARE FIVE USE CASES THAT REQUIRE AN ANNUAL NEW MINT SUPPLY OF ARCC.




1 . ‘SOCIAL PROOF OF WORK’ ANNUAL ALLOTMENTS OF ARCC


THE SOCIAL MINING OF ARCC PER YEAR WILL BE CAPPED AT A SET NUMBER AND BE TAKEN FROM AN ANNUAL POOL. THE RATE OF MINING WILL BE SCALED ON A WEEKLY BASIS BASED ON THE FREQUENCY AND REMAINING ARCC COINS FOR THE POOL. EACH MARKET WILL HAVE ITS OWN ANNUAL POOL ALLOTTED FOR MINING


2. AIRDROPS FOR NEW USERS 

THOSE USERS WHO TURN 16 YEARS OF AGE WILL BE ELIGIBLE FOR AN AIRDROP IN THE YEAR THEY TURN 16

3. CURRENCY RESERVE

IBMR.IO WILL SELL INTO THE MARKET IF THE PRICE OF ARCC BECOMES SPECULATIVE OR ABOVE THE MONETARY POLICY MANDATE AND GAIN FURTHER FOREIGN CURRENCY (I.E. NON-ARCC). ANY ANNUAL NEWLY MINTED ARCC IN THE CURRENCY RESERVE WHICH IS NOT USED BY THE YEAR`S END MAY BE BURNED IF THE LAST 3 MONTH AVERAGE VALUE OF ARCC IS LESS THAN THE ANNUAL AVERAGE VALUE. THE DECISION WILL BE PUT TO A VOTE BY THE ARCC MONETARY POLICY COUNCIL.

4. REGIONAL INVESTMENTS 


ARCC WILL BE USED IN ORDER TO SEED NEW INVESTMENTS, GRANTS, SCHOLARSHIPS AND REGIONAL COMPETITIONS AS ARCC. IF NO SUITABLE INVESTMENTS ARE AVAILABLE FOR THE YEAR THAT MEET THE INVESTMENT CRITERIA, THEN THE EXCESS ARCC WILL BE BURNED AT THE END OF THE YEAR BEFORE THE NEW MINTING.

5. MANAGEMENT & OPERATIONS 


ARCC WILL BE USED TO COVER THE COSTS OF MANAGEMENT SALARIES, OPERATIONS AND DEVELOPMENT AS WELL AS PERFORMANCE BONUSES. AS A SOCIAL IMPACT PROJECT, THE MODEL IS TO MAKE A SIGNIFICANT CHANGE ALONGSIDE BEING A COMPETITIVE FUND. AS SUCH, THE FOCUS ON THE MANAGEMENT IS TO FIND THE BEST AND MOST HIGHLY QUALIFIED STAFF IN THE PUBLIC AND PRIVATE SECTORS.

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