ARCC - Creating and Relocating Wealth Through the Elimination of Corruption

thachnguyen7 (-1)(1)in #arcc • 5 years ago

ASIA RESERVE CURRENCY COIN

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.
Abstract. Bitcoin is the technological achievement of unreliable decentralization of peer-to-peer electronic money, which then leads to the economic achievement of the issuance of new non-fiat global currencies.

While ICO through Ethereum has created hundreds of new cryptocurrency, some progress has exceeded the standards that Bitcoin has achieved. The next level of achievement through Ethereum and ICO must be found in cryptocurrency which aims to advance the new decentralized global economic paradigm.

‘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.

ARCC which is mined in the IBMR Proof of Social Work network can then be used in the network towards regional cooperative infrastructure and industrial investments that support regional competitiveness and market stability. The results of this survey contribute to radical transparency which directly overcomes the biggest obstacles to development which are systemic corruption by the economic elite.

The ARCC itself will take on the role of a 'cryto-regional reserve currency'. All emerging markets face a high level of volatility that affects the stability of the currency, which in turn affects overall national investment and market sentiment. But at the regional level, regions such as Southeast Asia, have shown consistent growth.

ORGANIZATION
SOCIAL IMPACT FUND HOLDING STRUCTURE

For ARCC, IBMR.io is registered in Singapore as a technology provider and in the process of acquiring all related fund and asset management licenses for the currency reserve and investment management.

TECHNICAL DEVELOPMENT TEAM

The technical development team is based in Taipei, Taiwan. The development team will be for the launch of the APP including the wallet, virtual ID and the Social Proof of Work Network.

THINK TANK & ADVISORY

ARCC, under IBMR.io, will have a research team focused on decentralized economic monetary structures, innovations, applications and its social impact. This advisory team will be based in New York, NY.

ARCC MONETARY POLICY COUNCIL

The Monetary Policy Council will run independently from the ARCC executive whereby the ARCC MPC voting will be binding on the reserve for matters of the ARCC token economy.

ECONOMIC DEVELOPMENT
Debt-Free Micro Asset

ARCC is structured as a macroeconomic stablecoin which will act as a ‘debt-free micro asset’ in a new decentralized inclusive regional economy for investment by the urban working poor into scalable and sustainable entrepreneurial ventures.

Social Proof of Work

Allows the urban working poor to earn free ARCC, not through hardware mining, but through participation in socio-economic surveys, exposing the systemic corruption around them. This is an act of socio-economic empowerment through financial inclusion.

Radical Social Transparency

Corrupt failing emerging markets suffer from systemic corruption and combating this requires a collective, open, verified and transparent account (Social Proof of Work Network) as a counter force to clearly identify and expose the corruption. The aggregation, verification and public awareness of this data will start the process for an increased standard of living for the urban working poor by establishing their own political mandate.

GOVERNANCE
Monetary Policy Mandate

Due to the scale and scope of ARCC in creating a superstructure decentralized economic system, a monetary policy mandate is necessary to provide guidance in how the various mechanisms are applied and for what objective. The utility of ARCC for regional economic development and production requires more than just design but needs to be developed in phases over time in line with market changes.

Operational Audit

IBMR.io’s operations will be annually audited by one of the Big 4 global accounting firms and will routinely rotate its auditor every 3 years and make the audit publicly available.

Zkledger Blockchain Transactional Audit

The ARCC Reserve will integrate zkLedger as an open blockchain platform for transparency and audit of ARCC’s daily total holdings, inflow and outflow of the reserve.

Monetary Policy Council

The ARCC Monetary Policy Council will be the main mechanism for the governance of the ARCC token economy with a total membership of 300 council members who have exhibited integrity and expertise in the field of crypto economics.

ARCC TOKEN RAISE USAGE ALLOCATION