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Author Topic: [BOUNTY][ICO][ANN] Bounty programme for Arc Reserve Currency - a stablecoin  (Read 2905 times)
JackARCCY
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December 06, 2017, 11:17:24 AM
 #21

Almost no information and you don't even know that there are special section for bounty programs. No success with such attitude!

Thank you for your feedback. We have updated the post to provide more information. If you believe there is information missing please let us know! Thanks  Smiley
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Temnozor
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December 06, 2017, 11:36:48 AM
 #22

Hello, I would like to reserve the German translation of all your texts. I'm a CIOL certified English to German translator with 3+ years of experience. As far as the crypto space is concerned, I have previously translated the ICO website of Worldcore (down after ICO completion) as well as their whitepaper, and most recently I have also been subtitling the Youtube videos of the IoP (Internet of People) project. However, I'm new to Bitcointalk and bounty hunting as such. Instead of the usual links, I will leave you my LinkedIn: https://www.linkedin.com/in/sergej-stepenko-606995107/

I would appreciate if you could lock this bounty for me.
abahcoin
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December 06, 2017, 04:21:29 PM
 #23

I want to reserve indonesian translate for All Document
https://bitcointalk.org/index.php?action=profile;threads;u=1124713;sa=showPosts

Yes @abahcoin - you have successfully reserved the Indonesian translation.

Quote from: tusandii
Indonesian Translation

You can also get the points for this exercise - if you are willing to review the translated Indonesian documents for accuracy?
Ok, I need 1 week for complete all translations.

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voinnov111
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December 06, 2017, 04:29:20 PM
 #24

Done:
https://bitcointalk.org/index.php?topic=2536052.msg25862024#msg25862024
luguang
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December 07, 2017, 04:29:21 AM
 #25

What rights and interests will the holder of the token get? what currencies do you accept for the purchase of ARC?

SwF (OP)
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December 07, 2017, 09:56:56 AM
 #26

What rights and interests will the holder of the token get? what currencies do you accept for the purchase of ARC?

Rights and interests: these are set out in full in the Information Memorandum (published later this week / early next). In short: coin-holders can sell back the coins to Arc Fiduciary Ltd.  And the Information Memorandum sets out the legal contract between the issuer and the coin-holders.

The value per coin (assets which underpin the coins) will be publicly displayed and updated in real time (as far as possible). And audited at least once a year.

Currencies: at the outset: ETH, BTC and USD. Although we would like to extend this over time.  Is there a particular currency you had in mind? (crypto or national).
JackARCCY
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December 07, 2017, 10:29:35 AM
 #27

Hello, I would like to reserve the German translation of all your texts. I'm a CIOL certified English to German translator with 3+ years of experience. As far as the crypto space is concerned, I have previously translated the ICO website of Worldcore (down after ICO completion) as well as their whitepaper, and most recently I have also been subtitling the Youtube videos of the IoP (Internet of People) project. However, I'm new to Bitcointalk and bounty hunting as such. Instead of the usual links, I will leave you my LinkedIn: https://www.linkedin.com/in/sergej-stepenko-606995107/

I would appreciate if you could lock this bounty for me.

You have reserved German - thank you!  Smiley
JackARCCY
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December 07, 2017, 11:29:15 AM
 #28

I want to reserve indonesian translate for All Document
https://bitcointalk.org/index.php?action=profile;threads;u=1124713;sa=showPosts

Yes @abahcoin - you have successfully reserved the Indonesian translation.

Quote from: tusandii
Indonesian Translation

You can also get the points for this exercise - if you are willing to review the translated Indonesian documents for accuracy?
Ok, I need 1 week for complete all translations.

That is fine - thank you!  Smiley
JackARCCY
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December 07, 2017, 11:54:56 AM
 #29


I would like to reserve Filipino translations of your ANN/Bounty thread and Website.  Smiley

Here's my previous work: https://drive.google.com/open?id=1utP4FB69QCruJMfMCFV2ivRj90W3brpl

Yes - reserved. Which paper(s) / materials would you like to translate?

Thank you
ANN/Bounty thread and Website.

Confirmed - Thank you  Smiley
JackARCCY
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December 07, 2017, 01:55:03 PM
 #30

If you wish to find out more about the ARC project - Join our telegram group! - https://t.me/arcico  Smiley
Kr-sama
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December 07, 2017, 02:03:04 PM
 #31


Here's the Filipino translations of ANN/Bounty Thread - https://bitcointalk.org/index.php?topic=2541620

Website to be followed. Thank you.

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JackARCCY
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December 07, 2017, 02:17:57 PM
 #32


Here's the Filipino translations of ANN/Bounty Thread - https://bitcointalk.org/index.php?topic=2541620

Website to be followed. Thank you.

Thank you!  Smiley
Kr-sama
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December 07, 2017, 02:29:23 PM
 #33


Here's the Filipino translations of ANN/Bounty Thread - https://bitcointalk.org/index.php?topic=2541620

Website to be followed. Thank you.

Thank you!  Smiley
Do you have a spreadsheet of all participants?

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JackARCCY
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December 07, 2017, 02:36:13 PM
 #34


Here's the Filipino translations of ANN/Bounty Thread - https://bitcointalk.org/index.php?topic=2541620

Website to be followed. Thank you.

Thank you!  Smiley
Do you have a spreadsheet of all participants?

Yes - we are currently developing the spreadsheet - it will be available soon  Smiley
JackARCCY
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December 07, 2017, 03:41:12 PM
 #35

Users can get 5 points just for joining our telegram group! Join now - https://t.me/arcico Smiley
Fhano
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December 07, 2017, 04:02:29 PM
 #36

I like the concept applied in this project. But I see it looks like this project has little information and I think you should fix it quickly.
JackARCCY
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December 07, 2017, 04:15:59 PM
 #37

I like the concept applied in this project. But I see it looks like this project has little information and I think you should fix it quickly.

Hi Fhano,

We are very happy to update the post to increase the amount of information available. Which areas do you think need additional information?

Thank you for your feedback Smiley
danielogalue
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December 07, 2017, 10:05:25 PM
 #38

I really do not still understand how this is going to be a stable coin not affected by inflation. Is there a video to demonstrate this function. If the market rules, then how do you intend to regulate the price. Or am i missing the point?

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SwF (OP)
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December 08, 2017, 08:20:12 AM
 #39

I really do not still understand how this is going to be a stable coin not affected by inflation. Is there a video to demonstrate this function. If the market rules, then how do you intend to regulate the price. Or am i missing the point?

All good questions.  Thank you.

The three elements are:
(1) Stability: this is achieved through diversification across multiple currencies (a basket of currencies is more stable than single currency) and investment in a (relatively) stable asset class - cash and fixed income.

(2) Not affected by inflation: the fixed income investments will target a return in line with inflation (average of G10 inflation) - i..e 2-3% p.a.  So the value of the net assets grow at the same rate of inflation.

(3) Price regulation: the price of the coin (freely traded on exchanges etc) is underpinned by the value of the net assets held by the issuer (Arc Fiduciary Ltd).  There are three scenarios:
(i) Price per Coin = net asset value ("NAV") per Coin.  No action required
(ii) Price per Coin > NAV per Coin.
 - Anyone can request minting of new coins at a price equal to NAV per Coin
 - Purchasers can then sell at a profit where Price > NAV
 - Price reduces to NAV
(iii) Price per Coin < NAV per Coin
 - Arc Fiduciary retains a portion of NAV in cash, available for repurchasing Arc Coin at a price close to NAV, supporting the price of Arc
 - Any repurchased coins are ‘burned’ – profit is shared across remaining coin holders
 - Under sustained price pressure, repurchasing becomes more profitable, increasing NAV per Coin (“natural buoyancy”)
Please note - the NAV per Coin is publicly displayed, updated in real time, and audited. So there is complete transparency in the system.


For a quick intro, you may like to see: https://medium.com/arc-blog/q-a-introduction-to-arc-reserve-currency-in-1-000-words-49bea91c22eb

The detailed theory is set out in the documents attached at www.arccy.org

Please ask if any of this is unclear, or you would like further details.
JackARCCY
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December 08, 2017, 01:47:23 PM
 #40

For those who would like some more information on the current situation of stable coins, this article explains very well:

https://cointelegraph.com/news/stablecoins-30-von-hayeks-dream-expert-blog

Let us know what you think  Smiley
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