The following FAQs provide definitions, analysis and comparisons to understand IBMR's economic development theory and the ARCC ecosystem platform.
FAQs
WHAT IS FINANCIAL INCLUSION?
The act of including individuals who may not have legal or political representation in the financial system due to their lower socio-economic status.
WHAT IS SYSTEMIC CORRUPTION?
When a system is so corrupt that in all levels of society, corruption has become the norm; that there is no single act of corruption, but rather the entire system's normative operation is corrupt.
WHAT IS 'SOCIAL PROOF OF WORK?'
The act of mining by participating in reporting and socio-economic surveys in order to earn ARCC tokens, whereby Social Proof of Work maintains the integrity of the socio-economic data network through reporting and verification by the participants.
WHAT IS RADICAL SOCIAL TRANSPARENCY?
A socio-economic environment where individuals have the ability to report on and verify corruption so that the inefficiencies due to corruption and/or incompetence of the government or the exploitative acts of the economic elite are clearly and publicly identified via the aggregation of mass data.
HOW DOES IBMR.io AND ARCC SOLVE FINANCIAL INEQUALITY?
We are not solving the problems of corruption and economic development, rather we are empowering the urban working poor through financial inclusion and their acquisition of a debt-free microasset through their participation in identifying corruption to solve these issues. The aggregated verified data along with providing them greater socio-economic rights via the Social Proof of Work platform will result in the people creating their own public mandate and empower them to engage as their own agents of change.
WHAT IS ARCC?
A macroeconomic regional development crypto-reserve currency acting as source of both debt-free capital for entreprenurial investment and a microasset for long term accumulation.
WHAT IS IBMR.io?
IBMR.io is a social impact economic development reserve and advisory established to promote distributed inclusive economic development for the urban working poor in failing emerging markets.
WHAT IS ARCC.one?
A microasset fintech platform that is fueled by the Social Proof of Work Network.
HOW DO YOU MINE ARCC?
Through participation on the ARCC.one APP using the process of "Social Proof of Work."
WHERE IS MY MINED ARCC STORED?
It is stored on your wallet in your ARCC.ONE app until it is vested and then can be moved to any supporting 3rd party wallet or held in cold storage completely under the ownership of the user like any public chain cryptocurrency.
WHERE CAN I BUY ARCC?
You can purchase ARCC on Binance Dex after the token is launched, but all ARCC that is not earned through ARCC.one cannot be deposited or used in ARCC.one's asset management platform.
WHERE CAN I SPEND ARCC?
If you earn ARCC through the ARCC.ONE APP by the process of Social Proof of Work you can invest or use it within the APP as soon as it is earned. After a tiered 3-year vesting period users will be free to withdraw their ARCC and then either exchange it or trade as per their own discretion.
WHO CAN USE THE SOCIAL PROOF OF WORK NETWORK?
Only those in designated developing Southeast Asian countries will have access to the Social Proof of Work Network through the ARCC.one app.
HOW IS ARCC GOVERNED?
ARCC as a fintech platform is managed like a hedge fund which is completely based on the performance of the value of ARCC, while the ARCC token economy is guided by the ARCC Monetary Policy Council through quarterly votes.
Libra & ARCC Model Comparison
ARCC DRAFT Whitepaper
Please download and read our DRAFT ARCC whitepaper here and learn more about our theory and approach to making financial inclusion an act of empowerment and how we structure ARCC in a reconciliatory superstructure decentralized economic framework.
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