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IFA: The Birth of the New Token ARCS Toward a Society Where the Value and Ideas of Individuals Can Be Converted to Money

The new token ARCS will create a platform for visualizing and tokenizing the value held by people. Toward a society where all people can manage and hold sovereignty over their data.

TOKYO–(BUSINESS WIRE)–IFA CO., LTD. (CEO: Masashi Mizukura) has developed the token ARCS (ticker symbol ARX) based on blockchain technology. The product platform AIre, which uses ARCS, tokenizes the values held by people to enable exchange, monetary conversion, requests, purchases, and more.

Tokenize the value held by people, and give all people sovereignty over their data

IFA, a provider of products and services using blockchain technology, has developed ARCS, a token based on new blockchain*1 technology. The product platform AIre, provided through the use of ARCS, visualizes and tokenizes*2 the various values held by people.

*1 Blockchain is a technology for recording the transaction histories of decentralized cryptocurrencies. There is no specified administrator or issuer; transaction histories are monitored and managed by users, making fraudulent transactions or falsification of data difficult.

*2 Tokens issued through the use of blockchain technology are a type of cryptocurrency asset allowing transactions on the Internet. It is thought that tokens will be usable in the future as consideration for products and services, like stocks or rewards cards. Anyone, whether an individual or a company, can easily issue tokens, but they can only be used within the scope of the service of the issuing individual or company.

In the past, it has been difficult to clarify the values, ideas, and other intangibles held by individuals, creating a tendency toward structures that are advantageous to companies. Tokenizing such values of individuals will enable free exchange, monetary conversion, requests, purchases, and more, with all persons able to hold sovereignty over their data.

In the platform AIre, ARCS will be used mainly for the following purposes.

1. Incentives when users enter information into AIre

2. Settlement method when companies use AIre

3. Rewards for applicable users when a company acquires user information from AIre

4. Settlement method for services developed and operated by companies using user information obtained from AIre

AIre accumulates information from users who make use of various services and companies, such as signing up for a credit card or becoming a member at a store. This accumulated data takes on great value for both the company and the users. Companies can use the abundant information obtained from AIre to develop compelling services, and ARCS can be used as a settlement method for the services. In the future, incentives (cryptocurrencies, tokens) will be given to users as consideration for providing information.

We are also planning to issue a stablecoin (a cryptocurrency with a stable price) secured by ARCS. The price of ARCS, which will be traded on cryptocurrency exchanges, will vary according to supply and demand. For this reason, companies that conduct settlement with ARCS in order to use AIre will be subject to inconvenience due to fluctuations in the price of data at the time of settlement. Issuing a stablecoin and switching the settlement currency within AIre to the stablecoin can solve this inconvenience.

Preparations are currently underway for listing on KuCoin(https://www.kucoin.com/), the cryptocurrency exchange for ARCS, at 6PM(UTC+8) on December 3, 2019. Trading will initially take place as a currency pair with USDT (Tether), under the ticker symbol “ARX.”

Related URLs

ARCS(ARX)Telegram https://t.me/ARCS_ARX_EN
ARCS(ARX)Twitter https://twitter.com/ARCS_ARX
ARCS(ARX) site https://www.arcs-chain.com/
AIre VOICE (AIre 1st Product) Official Page https://en.aire-voice.com/

About IFA CO., LTD.

Company Name: IFA CO., LTD.

Representative: Masashi Mizukura, CEO

Location: Shinjuku Sumitomo Building 15F, Nishi Shinjuku 2-6-1, Shinjuku-ku, Tokyo

Established: October 1st, 2014

Business: Internet business

Capital: ¥543,508,080 (including legal capital surplus)

Overview: With the next-generation banking platform AIre, developed and operated by IFA CO., LTD., we are aiming for a world in which all people have sovereignty over their own data.

This will not be a traditional centralized asset or information management society, but rather a decentralized society in which new standards created by users become the norm. Toward that end, we will be using distributed ledger technology (DLT).

Our policy is to deepen partnerships with companies and regions whether in Japan or overseas, through technological approaches that make complex technology more familiar. We envision doing so under a wide variety of partnerships.

We will develop the AIre project to achieve a better future.

IFA CO., LTD. URL: https://en.ifa-aire.co.jp/

Contacts

Contact information for inquiries

IFA CO., LTD., IR Group

E-mail: [email protected]
Tel: +81-3-5909-5335

Ryohei Osaka

Business Wire , 2019-12-03 10:07:17 ,

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NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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