Reserve currency coin and fight against corruption

75d42c08acb50f28d1bb49c857c51b13.jpg

A Southeast Asian stablecoin project aims to neuter corruption. It places an incentive on public reporting of problems. The International blockchain monetary reserve calls the Asia Reserve Currency Coin (ARCC) a “macroeconomic stablecoin.” While it has a seemingly complicated structure, the premise is simple enough: as productivity and GDP increase as a result of its effects, the ARCC will increase in value.

The token’s economy will have two parts. One is a licensed hedge fund that will manage investments and holdings to increase and preserve the liquidity of ARCC. The other is the ARCC token economy itself, which will be potentially millions of people’s first introduction to cryptocurrency. People earn ARCC when they report and verify various statistics in general society. It will function as a regular application used to report things like corruption, traffic jams, barriers to commerce, power outages, and even utility bills.

SOCIAL PROOF-OF-WORK

Through a Social Proof-of-Work protocol, [ARCC] acts as a decentralized information network that incentivizes users to report daily inefficiencies aggregating feedback on local infrastructural improvements (acting as a public mandate by the people).

Social Proof-of-Work is what it sounds like. People prove that they are working toward the common good by submitting and validating reports on the situation. The data can then be used by anyone from public policy specialists to activist groups. The goal is to create an environment where the free market has a chance to work, an environment that Jung says is far from existent at this time.

A side benefit of the ARCC is that it will introduce millions of people to cryptocurrency – without having to make a direct monetary investment. Instead, they will invest their time and energy into generating reliable data. Additionally, as people’s economic situation improves, they’ll be able to contribute to the investment side of IBMR, if they choose, in order to derive passive income from the fund’s efforts.

Jung says, “Part of it is a product for asset management as well. Services for asset management. Normally people at that level never have a chance to invest in any way.”

The token will be tradable on several exchanges that have already entered agreements with IBMR.

By having tokens that can be traded on crypto exchanges, many people will for the first time have access to the global economy. Everything from Bit coin to stablecoins like TrueUSD becomes available to them.

Block
Feedback |
Middle BRB 1.0 (≈ $ 0.5)
展开
Add Reply

hello

展开

against corruption is too difficult

展开

Thanks for yoursharing

展开

Blockchain technology can end the corruption.

展开

@Lao #2

against corruption is too difficult

 Haha...blockchain technology maybe can reduce it.

展开

Support Landlord 

展开

Come and support  

展开

Thank youfor sharing. 

展开

It's good if blockchain can stop corruption.

展开

Great sharing

展开

Good afternoon

展开

Support you

展开

Mining,thanks     

展开

good morning

展开

good article

展开

good sharing

展开

周一好!

展开

Thanks for sharing

展开

It's good to anti-corruption.

展开

Good sharing

展开

Tonight call me , I got something to talk to you.

展开
  User has been blocked
展开
  User has been blocked
展开
  User has been blocked
展开

@Dragon #21

Tonight call me , I got something to talk to you.

 Okie.

展开

Support you

展开

Thank you for your article

展开

support again . 

展开

Good night

展开
You should login to reply
You will reward to {{ username }}

Available Balance: {{balance}}

≈ $ {{usdtAmount.toFixed(2)}} (The reward commission rate is 10.0%)

New Favorite Bag

Add To Favorite You can create multiple favorites and classify the topics. Please select the favorites you want to add.
{{ favoriteBag.title }} {{ favoriteBag.favorites_count }}Topics

{{ text }} OK
fa-bars fa-arrow-up