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The economic development for the urban markets through the issuance of by corresponding decentralized economic market alignment. ‘Social Proof of Work’ is the basis for .io’s development model which creates an inclusive wealth network that fosters transparency for a corrupt-free environment that allows for the optimal deployment of a ‘crypto- as a ‘micro asset’ for production. IBMR.io is registered in Singapore, 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.
Bitcoin is the technological proof of concept of the decentralization of peer-to-peer trustless electronic cash. Bitcoin and its underlying blockchain has led to the economic achievement of the issuance of a new global non-fiat currency.
Bitcoin is the technological proof of concept of the decentralization of peer-to-peer trustless electronic cash. Bitcoin and its underlying blockchain has led to the economic achievement of the issuance of a new global non-fiat currency.
The
innovation of bitcoin is also an economic innovation in providing an incentive
structure that is able to support a decentralized network. The strongest use
case for cryptocurrencies can be found in its crisis currency adoption in
unstable emerging markets. Yet, this use case does not solve the greater
structural economic issue facing emerging markets, namely systemic corruption
and financial exclusion. IBMR.io proposes a social impact solution for the
economic development of the emerging markets in Southeast Asia by creating a ‘Social
Proof of Work’ network that rewards users with ‘ARCC’, Asia Reserve Currency
Coin.
The ‘Social Proof of Work’ network allows for users to participate in
socio-economic surveys or directly report, identify and cross-verify points of
corruption in urban areas. The aggregated verified real-time data of corruption
can be used to finally publicly expose the extent and scope of the systemic
corruption. Users would be incentivized to participate in the network by
earning ARCC through the act of social mining. ARCC mined by the user would be
subject to a 3-year vesting schedule, as the objective is to provide debt-free
capital for entrepreneurial investment. As such, to act as a sufficient
long-term incentive, ARCC itself would derive its value by being positioned as
a macroeconomic stablecoin ‘regional crypto-reserve currency’ and a ‘micro
asset’.
This would be accomplished through a sovereign wealth fund structure
composed of a ‘foreign currency reserve’ with an inflow of funds from ‘underlying
assets in regional investments’ as well as a three phase token monetary policy.
The ‘Social Proof of Work’ network would also act as an asset management
network for any ARCC mined.
The ARCC ‘Social Proof of Work’ network, by
simultaneously removing corruption and enabling financial inclusion, would
enable a transition to a new economic model of a radically transparent
efficient entrepreneurial environment for micro-capital deployment, development
and productivity.
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Bitcointalk username : yehestielsiburian
Bitcointalk url : https://bitcointalk.org/index.php?action=profile;u=2112339
ERC20 Wallet : 0x7c66F494cD26b7bc6878137c7e0F896907B3acD4
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