What is ARCS (ARX) | What is ARCS token | What is ARX token
A new world token
Alre is a world which various human values can be turned into assets and used as social resources.
ARCS is a token issued to make its construction faster.
To realize this non-centralized system, we will operate it in a unique way.
Settlement tokens, governance tokens, and utility tokens will also be issued. Please enjoy the new world which is full of fresh values and lighted up by ARCS.
After successfully deploying ARCS(ARX) on Ethereum and getting it listed on KuCoin, incubator of AIre project, IFA, has initiated proof-of-concept (PoC) of AIre blockchain infrastructure (AIre-chain). The PoC is being developed in collaboration with Stake Technologies and is scheduled to be finalized in Q2 2020. Sota Watanabe, CEO of Stake Technologies commented on this “We are excited to collaborate with IFA and develop a core infrastructure for data banking on Substrate. Our mission is to realize Web3.0, the next generation decentralized Web. This PoC can be one of the use cases of Web3.0 because users control their data and they have the rights to choose whether they can sell and buy the data. Through this PoC, we would like to find a way to make a fair and better data market.”
The purpose of the PoC is twofold 1) confirm requirements gathered during initial project development such as performance, security, privacy, availability, flexibility, and identity implementations 2) test if protocols can accommodate the requirements.
The initial PoC will be developed with Parity Substrate because of its flexibility and modular design. This is based on IFA and Stake Technologies research on selected protocols that can accommodate AIre-chain requirements.
Yoshinobu Shijo, CTO of IFA commented on this “We have been researching different protocols and blockchain infrastructures during our initial research such as sharding, side-chain, ZKP, MPC and lots of consensus algorithm for protocols, and Ethereum, IOTA, Substrate and Cosmos for blockchain infrastructures… We found Parity Substrate suitable for our requirements because it has a modular design and we can try multiple protocol stacks by simply replacing modules. I believe we can find the best-suitable protocol stack for our data bank use cases”
A detailed road map for blockchain infrastructure and products is under development.
How and Where to Buy ARCS (ARX) – An Easy Step by Step Guide
Launched on 03/12/2019 by IFA and based in Tokyo, Japan, ARCS aims to address data banking across the world.
Currently, ARX is being ranked 2681 on Coinmarketcap and has recently surged a hefty 143.74% at the time of writing.
ARX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ARX.
Step 1: Register on Coinbase
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC) or Ethereum (ETH). We will use Coinbase here as it is one of the largest crypto exchanges that accept fiat deposits. Use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.
Step 2: Buy coins with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees, such as iDeal in some European countries.
Now you are all set, click the ‘Trade’ button at the top left, choose the coin you want to buy and confirm your transaction…and congrats! You’ve just made your first crypto purchase.
Step 3: Transfer your cryptos to an Altcoin Exchange
probitexchange
But we are not done yet, since ARX is an altcoin we need to transfer our coins to an exchange that ARX can be traded, here we will use ProBit as our exchange. ProBit is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
ProBit is a cryptocurrency exchange incorporated in Seychelles (ProBit Global) and South Korea (ProBit Korea) and accepting traders from all over the world. The exchange offers a wide selection of altcoins, DeFi tokens, staking events, low-fee trading and other popular crypto services that are accessible via quick and straightforward email registration. Korean users can participate in fiat trading too, though the platform supports South Korean Won (KRW) trading only. Besides, all fiat traders must verify their identity; however, that is not a requirement for international crypto-to-crypto traders. Overall, the platform has a great design, laudable security measures, and a professional team, that makes it one of the better altcoin exchanges worldwide.We have been unable to find any information that US investors should not trade on this trading platform. However, if you are a US investor, you should still always analyze whether your home state is impeding your foreign crypto trade. Sometimes the exchange has opened its doors despite your home state prohibiting you from trading.
After going through a similar process as we’ve done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit BTC to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you’re done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don’t worry, it’s basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying ‘BTC address’, this is a unique public address of your Bitcoin wallet at ProBit and you can receive Bitcoin by giving this address to the person to send you the funds. Since we are now transferring our previously bought bitcoin on Coinbase to this wallet, click on ‘Copy Address’ or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to Coinbase, go to Portfolio page and click on Bitcoin on your asset list, then click on ‘Send’ on the right.
Under the Recipient field, paste the wallet address in your clipboard, for security consideration you should always check if both address are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
Click ‘Send’ to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to ProBit!
Now go back to ProBit and head to your exchange wallets, don’t worry if you haven’t seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.
You should receive a confirmation notification from ProBit once your deposit has arrived. And you are now finally ready to purchase ARX!
Step 5: Trade ARX
Go back to ProBit, then go to ‘Exchange’. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let’s get our heads around this.
In the right column there is a search bar, now make sure “BTC” is selected as we are trading BTC to altcoin pair. Click on it and type in “ARX”, you should see ARX/BTC, select that pair and you should see a price chart of ARX/BTC in the middle of the page.
Below there is a box with a green button that says “Buy ARX”, inside of the box, choose the “Market” tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click “Buy ARX”. Voila! You have finally bought ARX!
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ARX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Binance
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors so we recommend you to sign up on other exchanges we recommend on this page.
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