ARCBLOCK
ARCBLOCK
ArcBlock is a project that attracts a lot of attention from the community. To give the reader a multidimensional perspective, I decided to write this post in a normal style, take things happen in life to give example so that non-technical readers can easily understand and have an overview of the project.
We are living in a technologically advanced 3.0 society that has grown very fast, with giants such as Google, Apple, Facebook and Amazon taking a leading role in the Digital Market. Their assets, are customer data, software, features, platforms … all of these assets are managed centrally and directionally (both bad and directional). They have been “stealing” (or using free) personal information from users for sale and earning trillions of dollars annually, through advertising channels, marketing orientation.
Next, let’s take a look at the current Blockchain market: this technology provides a completely new idea in which all contributions are equal and transparent (completely and absolutely required).The aim of the idea is to eliminate the concentration of power, the possession of data to profit for a certain “interest group”. It is born of community, operated by community and developed by its own community.
However, the road access to new technology is facing many difficulties, can list a number of reasons as follows:
• The expansion capacity is still low, not meeting the current growth rate of the current Blockchain market
• Language and technical barriers between old and new technology groups, leading to difficulties in implementing the project. The 3.0 programmers almost had to learn from the beginning if thay want to approach to blockchain technology.
• There is no concept of inheritance, a new project has completely built the new functions and characteristics.
• Lack of features: As listed above, inheritance problems lead to a lack of features, especially useful features for users, as well as developers.
• Unfriendly: This is the main problem of the information and development, which is limited to a small community of members with technical and market knowledge.
ArcBlock was born to solve all the problems with some new features: built for the new token economy; optimized for the best experience; built for the cloud; built with an open standard.
ArcBlock is a platform and an ecosystem for building and deploying decentralized blockchain applications. The platform goes beyond providing the necessary foundational components for using blockchain to power complex business rules. It connects your existing system to blockchain networks, enabling you to automate business processes using the data and identities associated with existing systems.
If you’re confused, read the below paragraphs and you’ll understand:
Blockchain technology, in which prominent representatives are trying to build the first homes in the desert. However, when a new person joins in and wants to build a new house, they have to make their own brick, cut the tree, chisel, fire, etc. Then there is another newcomer want to build a new house, they repeat the work of boring, time consuming and costly as above.
One day, a man named ArcBlock came to the village and said:
Well, I’m going to build a series of workshops to serve you, I brick, saws and tools, with drawings describing some typical house designs, power stations, etc .All of them are free, just come, get and use our tools to build your home without paying attention to costs and techniques. Please note that all of our tools are and will be created based on the highest standards of the blockchain technology, verified and validated by the organizations and the community of users. And, if you have the need to develop blockchain from your good old home,when you come to a new environment, we will also provide you with all the tools you need to use and connect & upgrade, without asking you to demolish the old house as the market still has to do.
Token Distribution
• Volume: 186,000,000 ABT
• Finite amount of ABT created
• No inflation
• All tokens pre-minted, no mining required
(Algorand doesn’t need mining)
• Maximum token amount for sale: 45%
• Marketing&partner support: 8% (with bounty comprising %1)
• Team(Labs): 15%
• Miners(community rewards): 32%
• Softcap: 12000 ETH
• Hardcap: 37500 ETH + 6M CMT
Maximum for private sale: 25000 ETH
Maximum for public sale: 12500 ETH + 6M CMT
• ETH(Ethereum) CMT(Cybermiles Token)
ICO event
PRIVATE SALE
Private sale hardcap: 25000 ETH
1 ETH = 2052 ABT (minimum 150 ETH, 3000 ETH)
Private sale begins: Jan 12, 2018 7pm cst
PUBLIC SALE
Public sale hardcap: 12500 ETH + 6M CMT
1 ETH = 1900 ABT (miniumum 0.1 ETH, 50 ETH)
1 CMT = ? ABT (minimum 200 CMT, 150000 CMT)
(CMT/ABT rate will be locked before the public sale)
The public token sale event will begin on
February 3, 2018, at 7pm CST and end on Feb 10, 2018
Now, you understand what Arcblock is. If you like the idea, support the project by investing some money, I promise you won’t regret!
my BTT : https://bitcointalk.org/index.php?action=profile;u=1397196
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