Roadmap of the ARCS Project
We are pleased to announce the roadmap of the ARCS project as of today (July 21, 2021). The ARCS team will work hard to achieve the roadmap described in this article, so please stay tuned for the future of the ARCS project. The roadmap consists of four phases. In each phase, we have placed milestones from the three perspectives of Business, Token, and Technology & Development. Each phase is explained in turn in the following sections.
Please note that this roadmap is subject to change at any time depending on the future progress of the project and the surrounding environment.
Phase 1 (2019 ~ 2021): Planning and PoC
The ARCS project was initiated in 2019. During the first two years of the project, the ARCS team did an overall planning of the project. In addition, several elements were validated through PoC. On the business side, we have designed the entire DataBank business and conducted a desk review of the business. As a result, we are convinced that Databank business is a very promising business.
On the token and technology & development side, we issued an ERC20-compliant ARCS token. It was listed on KuCoin in December 2019 and on Probit in early 2020. At the same time, we developed a simple original blockchain for DataBank as a PoC to realize a decentralized and transparent DataBank. This blockchain was developed based on Substrate. As a result, we found that it is possible to provide the DataBank service that we envisioned by using the blockchain.
In general, Phase 1 was a great foundation for the ARCS project.
Phase 2 (2021 ~ 2022): Beta Development
Phase2 is the current phase of the ARCS project. As you know, the ARCS project has been inactive for almost a year since the first half of 2020 due to COVID-19. Fortunately, the ARCS project resumed its activities in May 2021. The first thing we started was to burn the total supply of ARCS to 1/50. This is because the ARCS at that time was 99% owned by the ARCS team, which was far from an appropriate token distribution ratio. Through this Burn, we have brought the token distribution ratio back to normal. By doing so, we have made it easier for more users to hold ARCS tokens and participate in the ARCS project.
Based on these preliminary preparations, in this phase, we will develop a beta version of the services based on the plans and initial validation in Phase 1. As a technical development, we will develop beta versions of the three components of AIre DataBank; if you are not familiar with the three components, please check out this article.
AIre Databank DeepDive #1: Big picture of AIre Databank and AIre App
AIre Databank DeepDive #2: Data Management System
AIre Databank DeepDive #3: Blockchain System
After completing the development of the beta version, we will offer a trial service as a Closed Beta, and then release the DataBank service as a Public Beta. In the Public Beta, only the essential services of DataBank will be released to the public. The Public Beta will focus on Asian countries, which are our main markets, and we hope that users will actually input data into DataBank to get a glimpse of DataBank.
We will also list ARCS on a new exchange in order to make more general investors aware of and own ARCS.
Phase 3 (2022 ~ 2023): Production Development
In Phase 3, based on the feedback received from the beta version of the service, production development of the DataBank service will be conducted. At the same time, we will start production development of the original blockchain designed exclusively for DataBank. On the business side, we will develop a data business using the data registered in the beta version of the service. Specifically, we aim to apply the data to data marketing, KYC, and credit scoring. We will also start approaching corporate users to acquire them.
We aim to list the ARCS token on the world’s top exchanges in order to make it recognized and held by even more general investors. In addition, as the ARCS project is a Japan-originated project, we also aim to list the tokens on exchanges in Japan.
Phase 4 (2023 ~ ): Business Expansion
In Phase 4, we will move towards the expansion of AIre Databank. As a core technology to support the expansion, we will develop an original blockchain designed specifically for AIre Databank. We are convinced that this will enable us to create a truly user-sovereign DataBank. After the launch of this original blockchain, we will work to acquire 5 million general users and 500 corporate users, mainly in Asia.
Currently, the total supply of ARCS is 400 million, but we expect that the supply of ARCS will be insufficient by this time. Therefore, we will mint ARCS to increase the supply to the market. In addition, we will mint new ARCS according to the amount and duration of ARCS that you have at that time. By doing this, we hope to give back to the users who have held more ARCS from the beginning.
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In this article, we have explained the roadmap of the ARCS project. The ARCS project has just begun, and we hope to steadily achieve milestones through the hard work of the ARCS team. Your support and feedback will be our strength. Please follow us on Telegram and Twitter to keep up with the latest information and let’s build up the ARCS project together!
Telegram ARCS Announcement Channel: https://t.me/ARCS_ARX_News
Telegram ARCS English Channel: https://t.me/ARCS_ARX_EN
Telegram ARCS Trading Channel: https://t.me/Arcstrading
Twitter: https://twitter.com/ARCS_ARX
