Topic: [BOUNTY][ICO][ANN] Bounty programme for Arc Reserve Currency - a stablecoin - page 4. (Read 2968 times)

This project is full of information, well done will look forward into this promising project hopefully this will be a very good one, Success to the moon! Good luck to the team!

Medium - https://medium.com/@stevewfindlay

Twitter - https://twitter.com/ArcReserveC

Website - https://www.arccy.org/

Update: we've extended the Telegram Bounty programme to include more points for referring. Please see the revised rules above.

Thank you for your support and helping us spread the word

For those who would like some more information on the current situation of stable coins, this article explains very well:

https://cointelegraph.com/news/stablecoins-30-von-hayeks-dream-expert-blog

Let us know what you think 

All good questions.  Thank you.

The three elements are:
(1) Stability: this is achieved through diversification across multiple currencies (a basket of currencies is more stable than single currency) and investment in a (relatively) stable asset class - cash and fixed income.

(2) Not affected by inflation: the fixed income investments will target a return in line with inflation (average of G10 inflation) - i..e 2-3% p.a.  So the value of the net assets grow at the same rate of inflation.

(3) Price regulation: the price of the coin (freely traded on exchanges etc) is underpinned by the value of the net assets held by the issuer (Arc Fiduciary Ltd).  There are three scenarios:
(i) Price per Coin = net asset value ("NAV") per Coin.  No action required
(ii) Price per Coin > NAV per Coin.
 - Anyone can request minting of new coins at a price equal to NAV per Coin
 - Purchasers can then sell at a profit where Price > NAV
 - Price reduces to NAV
(iii) Price per Coin < NAV per Coin
 - Arc Fiduciary retains a portion of NAV in cash, available for repurchasing Arc Coin at a price close to NAV, supporting the price of Arc
 - Any repurchased coins are ‘burned’ – profit is shared across remaining coin holders
 - Under sustained price pressure, repurchasing becomes more profitable, increasing NAV per Coin (“natural buoyancy”)
Please note - the NAV per Coin is publicly displayed, updated in real time, and audited. So there is complete transparency in the system.


For a quick intro, you may like to see: https://medium.com/arc-blog/q-a-introduction-to-arc-reserve-currency-in-1-000-words-49bea91c22eb

The detailed theory is set out in the documents attached at www.arccy.org

Please ask if any of this is unclear, or you would like further details.

I really do not still understand how this is going to be a stable coin not affected by inflation. Is there a video to demonstrate this function. If the market rules, then how do you intend to regulate the price. Or am i missing the point?

Hi Fhano,

We are very happy to update the post to increase the amount of information available. Which areas do you think need additional information?

Thank you for your feedback

I like the concept applied in this project. But I see it looks like this project has little information and I think you should fix it quickly.

Users can get 5 points just for joining our telegram group! Join now - https://t.me/arcico

Yes - we are currently developing the spreadsheet - it will be available soon 

Do you have a spreadsheet of all participants?

Thank you! 

Here's the Filipino translations of ANN/Bounty Thread - https://bitcointalksearch.org/topic/filbountyicoann-bounty-programme-for-arc-reserve-currency-a-stablecoin-2541620

Website to be followed. Thank you.

If you wish to find out more about the ARC project - Join our telegram group! - https://t.me/arcico 

Confirmed - Thank you 

That is fine - thank you! 

You have reserved German - thank you! 

Rights and interests: these are set out in full in the Information Memorandum (published later this week / early next). In short: coin-holders can sell back the coins to Arc Fiduciary Ltd.  And the Information Memorandum sets out the legal contract between the issuer and the coin-holders.

The value per coin (assets which underpin the coins) will be publicly displayed and updated in real time (as far as possible). And audited at least once a year.

Currencies: at the outset: ETH, BTC and USD. Although we would like to extend this over time.  Is there a particular currency you had in mind? (crypto or national).

What rights and interests will the holder of the token get? what currencies do you accept for the purchase of ARC?