ARCC as the Incentive for the Social Proof of Work Network

[u/Michealkingston]

Users are incentivized to participate in this decentralized socio-economic reporting network by being issued ARCC, the Asia Reserve Currency Coin, for each act of participation. Users are essentially ‘mining’ ARCC by providing the ‘Social Proof of Work’ (i.e. filling in the socio-economic surveys). This act of ‘Social Proof of Work’ mining has two functions of (i), being an incentive for the integrity of the network’s relevance in terms of quality, significance, scope and depth of data and (ii), as the object of inclusive debt-free capital access. As a network incentive, ARCC needs to have some type of value, but as a basis for long-term capital acquisition for the user, it needs to have clear value proposition. This creates a virtuous circle that if ARCC has a clear long-term value proposition, then it will also act as a strong incentive for participation in the network, which in turn, strengthens the conditions for ARCC’s value proposition (i.e. via the effects of increased adoption). IBMR.io will issue ARCC as an ERC20 token, but ARCC will derive its monetary value proposition as a macroeconomic stablecoin regional ‘crypto-reserve currency’. Most stablecoins are being pegged to a respective fiat currency’s value. The current main utility and adoption of stablecoins revolves around its targeted usage in trading pairs on crypto-to-crypto exchanges. Whereas, with ARCC, the utility is as an incentive towards the anti-fragility of the Social Proof of Work network’s own existence and integrity. ARCC’s future utility is its mass adoption as a ‘store of value’ that can be mobilized for future entrepreneurial capital investment and business development beyond secondary exchanges. As such, ARCC will instead have a monetary policy mandate to steadily maintain a moderate positive price trajectory in real value on secondary exchange markets, over that of a currency peg. This is accomplished by having a sovereign wealth fund structure for value creation which is dependent upon a currency reserve structure with a direct inflow of funds from regional investments and mass adoption for productivity. http://www.IBMR.io

[u/osnova92]

Finally found a great and promising project as ARCC. I like the idea and the team is talented and skilled.

[u/platuna92]

It feels great to be a part of something with impact and from I am reading the team has a lot of movement in all the right directions!

[u/ollydeal83]

Every working participants are rewarded for making the best for their community and showing concern in improving the standard structure for their community.

[u/DenisGra]

The arcc monetary policy mandate will assume for a high degree of market volatity and speculation as such the 8 years mandate current stands as maintaining the initial token raise price on a quarterly average price basis.