ASIA RESERVE CURRENCY COIN
______________Asia Reserve Currency Coin___________________
About Asia Reserve Currency Coin
ARCC is solving the economic development of corrupt emerging
markets. More than a complex issue, corruption is usually the unsaid elephant
in the room that is avoided because of the scale and scope of the problem. Yet,
without addressing systemic corruption, all other types of economic aid and
policy are rendered ineffective for long-term change. Contrary to reports
otherwise, the growth in these emerging markets does not translate into greater
standards of living for the majority of the urban populations, namely the urban
working poor. But by directly addressing the corruption that affects the urban
working poor as well as providing an inclusive economic framework for long-term
capital gain and entrepreneurial investment, the cycle of wealth disparity and
poverty can be broken.ARCC define the problem that ARCC is solving as the
economic development in failing emerging markets. This model identifies the
reduction of systemic corruption as well as a need for access to debt-free
capital as the prime factors to be addressed. The resolution of the combination
of these two factors leads to an increase in long-term urban productivity.ARCC
first establish a ‘Social Proof of Work’ network which works as a decentralized
information network that aggregates socio-economic data by the users who
identify points of urban systemic corruption. Users participate in a wide range
of socioeconomic surveys as well as report on points of urban corruption. This
information is further verified by other users, and a ompleted outline and
scope of systemic urban corruption can be mapped. This exposure is the first
step in creating a counter political mandate for governments to ecognize and
consider over that of the economic elite. The ‘Social Proof of Work’ network is
maintained through the issuance of ‘ARCC’, Asia Reserve Currency Coin as an
incentive. ARCC is structured as a macroeconomic tablecoin ‘crypto-reserve currency’
for it to act as a long-term regional ‘micro asset’ as well as a constant
incentive for network participation. The objective is to provide socio-economic
mobility for the urban working poor in emerging markets by exposing corruption
and empowering their entrepreneurial capabilities through financial inclusion.This
is a project seeking to change the lives of over 630 million people in
Southeast Asia which has only become possible because of the technological
innovation of cryptocurrencies that stands upon the shoulders of the internet,
smartphones and the international community. This is the first time in odern
human history that something with a world-changing socio-economic scope and
impact like this is possible. Bitcoin is the proof of concept of a
decentralized financial system, and ARCC will be the ultimate proof of concept
of cryptocurrencies as a solution for global financial inclusion and economic
development. It is just a matter of being courageous enough and human enough to
realize that this is a worthy cause. Together, this is our contribution to the
human spirit.
Why do we need a stablecoin?
Existing currencies have limitations when considered as a store of value or unit of measure.
National Currencies
National currencies are undermined by socio-economic factors and centralisation and are poor stores of value over the long run. Governments tend to adopt inflation management approaches to setting base rates, leading to poor returns with relatively high volatility.
Digital Currencies
Digital currencies such as Bitcoin and Ethereum are increasingly successful in their adoption. But, as a currency, they are a victim of their own speculation, resulting in a high degree of volatility.
Stablecoin
There have been a few attempts for a stablecoin to address certain limitations of existing currencies. But each has limitations which we feel can be improved upon.
Social media
Website: https://ibmr.io
Twitter: https://twitter.com/ARCC_IBMR
Telegram: https://t.me/arccenglish
P.s:
My bitcointalk profile URL:
My ETH address: 0x309793a7ae490a7745be35f245fe7ece511f067c
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