I am happy to announce that ARC beta stage has been completed and the offical version has been released. (
https://bitcointalk.org/index.php?topic=427220.new#new)
AgileReserveCoin
The first cryptocurrency with risk management and insurance in the world.SpecificationsAlgorithm: Scrypt
Sum: 9 million
Average efficiency: one block per 60s (5 coins)
Profit: 2% per 30 days, Compound interest
* The divident will be reduced to 50% per 10 years.
Websitehttp://en.agilereservecoin.com/ About ARCARC is the first virtual digital commodity with high flexibility and risk management in the world. It expands function and technology on the basic of Bitcoin. Everyone could participate in its mining. With IMOP system, people will possess more and more cryptocurrency lifestyle application fields. It is generally known that market liquidity is the most important factor which causes these cryptocurrency value rising and falling. Therefore, we should not only consider expand ARC utilization area by offering attractive yield rate but constantly make efforts to achieve its lifestyle application value, for example, the necessary thing in the life. More than this, IMOP system could obtain existing and future cryptocurrency like Bitcoin，based on people’s willing.
No doubt the value ARC network offers could satisfy the needs of Bitcoin advocator, some new demands as following as well,
- Fight against highly possible risk of sudden sharp depreciation.
- Fight against possible credit risk in the cryptocurrency transaction platform caused by government’s incapable supervision.
- Those demands which could really integrate easily into lifestyle application.
CDAE Someone says that Bitcoin has revolutionized Internet commerce. Since it appears, more and more cryptocurrency come into public sight and they rapidly heat up the cryptocurrency investment market. They could help people achieve efficient value exchange securely and privately without counter party risk and no need for any physical or political backing.
Unfortunately, from all holders’ perspective, these existing cryptocurrencies just like any other financial instrument excluding legal currency, like gold, stocks, futures and so forth. They could only exist as an investment commodity transacted freely, but can not hedge those sudden depreciation risk. To fill this gap and return the natural lifestyle application value to these digital currency, we put forward a system called Cycle Digital Asset Ecosystem，CDAE for short. In addiction, we expend its function and technology on the basic of the pioneering protocol Bitcoin brought up, developing a series of tools to support CADE, among which AgileReserve-Coin is the most fundamental one that could obtain existing and future digital currency in the market, hedge various risks and even carry out lifestyle application value for users. The system mainly fights against possible risk of sudden sharp depreciation of cryptocurrency like Bitcoin or other transaction risks from two aspects -- one is relatively constant exchange rate of market value and the other is letting holders acquire compound interest growth steadily.
Operational principle How does ARC work to fight against the risks? 1. Fight against depreciation riskPrice fluctuation would occur at all financial instruments in the market, such as being affected by local policies, media information, the fault of trading platform, the trading techniques of the dealer and even the vacation arrangement, etc. However, the cryptocurrency's price volatility is much higher than traditional financial instruments, and its risk of depreciation is quite big. On October 6, 2013, China Central Bank and other four ministries jointly issued Notice On Preventing The Risks of Using Bitcoin. The next day Baidu claimed to stop Bitcoin payment. Thus, the currency’s price dropped more than 53% within one day, in other words, the holding quantities of Bitcoin owners remained unchanged , but their asset price would shrink by more than 50%. And influenced by the rise and fall of the Bitcoin price, other digital currency would be up and down in varying degrees. It is most common to see such kind of risk of currency devaluation in financial markets.
Let’s take a look at how ARC works in its application of fighting against the risk of currency devaluation:
To start with, people produce ARC by mining. They can
——holding ARC
We can use attractive yield (ARC’s self compound growth) to develop long-term holders of ARC, in order to increase its devaluation resistance;
——transacting ARC
Under this condition, there will be two cases: appreciation or depreciation. While ARC devaluation appears, we will use consumption tool which are suitable for life’s application platform to buy ARC in the exchange rate that is higher than the ARC price in the related trading market by far. Through this, we can make up the asset losses of ARC holders.
2. Fight against transaction safety risk2-1 Fight against counter party risk
When ARC holders’ monetary assets reduce in the process of continuous currency transaction, they could fight against the risk of assets reduction during the trading by the dividend growth of ARC.
2-2 Fight against trading platform security risk
It includes the risk of being attacked by hackers which causes clients’ monetary capital to be stolen and the credit risk of the platform itself. If users select the platform that supports the IMOP functions in the Cycle Digital Currency Ecosphere , to great extent, it will make up the losses brought by such a kind of risk .
Note: the operation principle of IMOP
A: Merchants in lifestyle application platform
B: Digital currency trading platform
C: Users
A provides services to C and he wants to accept payments in USD. But C wants pay via Bitcoin. Then C could apply for A’s services through IMOP. Next, IMOP will transfers C’s Bitcoin into dollar through B and then pay A.
At the same time, application platform and transaction platform voluntarily pay or increase ARC as mortgage deposit in accordance with their own professional ability. Once application platform or transaction platform occur above risks, the ARC deposit will be the compensation of users’ loss.
Function definitions What can ARC do for users?- Hedge risks: when encountered the risks which are the digital currency market price declining, or assets reducing in the process of transaction and the loss of currency in the trading platform account or other situations, you can use ARC’s compound interest, consumption, merchants deposits and other functions to balance the risks.
- Capital Preservation: stabilize and balance the market price through ARC’s relatively constant goods exchange rate .
- The appreciation of assets: ARC has the compound interest growth of 26.8 percent each year.
- Living consumption: using ARC purchases living objects and services, such as purchasing gift cards, logistics and broadband, booking flight tickets, hotels, etc.
- ARC online payment: serve as the transfer media between various digital currency and life supplies.
- Multicurrency wallet: withdraw assets in any digital currency and legal currency.
- ARC cheque: withdraw currency you need with your ARC cheque key .
- ARC gift cards: recharge your ARC wallet or shopping in the ARC mall using the key of gift cards.
- Mortgage & lease: go through loans, lease and other services with ARC as collateral.
- Multi-users mall: users use IMOP function to achieve commodities selling and required currency collecting.
Lifestyle application Who will need ARC?1. Deposit
Benjamin wants to gain profit higher than bank savings interest. It takes him only two minutes to buy ARC through digital currency transaction platform.
2. Withdraw
A year later Benjamin wants to use the deposit. He finds that his ARC Wallet has gotten 26.8% profit. It takes him only one minute to sell parts of his ARC through transaction platform.
3. Consumption
Louis and her sister wanna take a trip to China. She pays 100 ARC for 2 excursion tickets to Tibet for 7 days and 8 nights. Carrying simple luggage and Visa, she and sister then board the plane and started their mysterious tour to China.
4. Cheque
Coco in Hongkong would like to give her son Aven an educational fund. therefore , she generate an ＄1000 ARC cheque in her ARC wallet and send the privatekey to Aven.
5. Hedge risk of currency depreciation
Nancy bought 10 Bitcoin at ＄1000 per share and 1000 ARC at ＄10 per share, thus she possessed ＄20000 digital currency assets in total. A year late, Bitcoin fell to ＄800 and ARC fell to ＄9, so her assets lost ＄2000. It is noteworthy that ARC has generated ＄2430 bonus. At the same time Nancy bought a set of gold jewelry with market price ＄10000 with 1000 ARC. Though both two digital currency dropped, Nancy’s assets reaches ＄20430.
6. Commercial gift cards
BMW Authorized Dealer gives every consumer one gift card with 1000 ARC as a present at Christmas. Consumer enters the card's private key, then the ARC would be deposited into his ARC wallet or used for shopping in ARC Mall.
7. Loan & lease
Laura borrowed ＄1000 from Ethan with 100 ARC as collateral-- current rate of ARC is ＄10, and arranged to return Ethan ＄1010 after one month. But ARC was up to ＄12 then. Thus, after returning ＄1010 to Ethan, Laura obtained ＄190 accrued ARC assets while Ethan finally got not only ＄10 interest for loan but ＄24 ARC bonus within that month.
8. Merchant services
Bruce is a network merchant selling featured jewellery, he wants to accept payments by USD while his customers hope settled via Bitcoin. Then Bruce applies IMOP function so that he could receive USD though his consumers are paying in Bitcoin.
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