ArcBlock is a blockchain service organization that has made the blockchain network system an easy and effective way to transact virtual coins or money. The stronger foundation of the components produces continual growth in the development process. It has come up with a number of unique ideas.

It has pioneered in the decentralized application of ecosystem and has made itself unique by setting up APIs or libraries. It has made a vigorous platform uniting all the features. The service has its own local token system that is driven by most up-to-date blockchain technology.

The ArcBlock Token

The ArcBlock Token (ABT) is their local token of the ArcBlock platform shortly known as ARC. The reason to construct such token system is to make a high-performance transaction to make optimized blockchain dedication. Their aim is to achieve more than 1000,000 Txs now but they are planning to improve it in a broader situation.

The ARC meets its general purpose that can be used in different scenarios. ARC works more likely utility token that helps to pay the cost associated to use the service.

ArcBlock Token Transaction

ArcBlock has been made in a way that makes its applicants to pay all the transaction fees for their users which makes a good difference in user experience. Developers have to pay monthly to ensure their savings.

The token exchange also simplified by the use of token map ERC20 tokens 1:1. It also enables the developers to get connected with the Etherum community. Application developers may take advantage of the current economic system to built ERC20 influencing higher performance and full-featured token services.

The Miners

Miners are the contributors. ArcBlock permits its contributors to run the platform service and to connect with the total service network in one phase. The duty of the miners is to be in the ArcBlock community and this community is quite different from other blockchain members such as Bitcoin and Etherum contributors. Miners are divided into two categories:

Resource Miners: Resource miners play their role to contribute to the organizational resource system. This process might need to indulge with cloud node to run the resources through cloud computing services.

They can also make their contribution to self-hosted computing resources. The computing resources can be used by the mines and can share them throughout the multiple sources. Which design to choose depends highly on the miners also has the option to change if they feel to make any change.

Component Miners: The component miners mine components to the system software, for example, new Chain Adapters, Blocklet Components, or ready-to-deploy applications. The components can be a packaged code to reuse and deploy with the help of another application or a set of services through Blocklet interface. A smart contract helps define how the miners will be distributed and developed by the parties along with the rules of code components will be forked.

ArcBlock has developed for major technological advancement for the blockchain generation 3.0 applications. The team of ArcBlock has given their cumulative effort to make it worth towards every individual. This token system has opened a new door that has made some contribution process for making the service fruitful.

NEXT 5 YEARS WITH ARC BLOCK

1 Year Targets

Launch first decentralized apps built on ArcBlock with selected clients.

Launch Open Chain Access Protocol and reference implementations for major blockchains (Ethereum, Hyperledger, etc.).

2 Year Targets

Public launch and popularization among the general public.

First Developer Conference for ArcBlock developers and partners.

Launch the support and Blocklet Building Blocks for digital media, publishing, and knowledge sharing.

Design and implement support for IoT blockchain applications. (Support MQTT protocols and AWS IoT service. Consider supporting IOTA as a blockchain underlayer).

Build the decentralized marketplace for ArcBlock decentralized applications and their tokens.

3 Year Targets

Public launch for IoT smart home and smart city application support.

Contribute Open Chain Access Protocol and related technology to the open source community (through the Linux Foundation, Hyperledger Foundation, or a similar organization) to increase adoption and position ArcBlock as the de facto standard of open chain access.

Extend cloud computing support for the ArcBlock platform, targeting support for all major cloud platforms including AWS, Windows Azure, Google Computing Engine, Aliyun, Tencent Yun, etc. ArcBlock is aiming for a cloud platform-independent, universal, and decentralized application platform.

4 Year Targets

Embrace the potential trend that blockchain protocols may be adopted at the OS (operating system) level by providing foundational OS-level support in the ArcBlock Platform.

Build the token ecosystem and a new operating system with ArcBlock platform partners and developers for a truly decentralized, autonomous business environment.

5 Year Target

ArcBlock becomes an open, foundational service of the new programmable society, supporting the DAO/DAC and their services/applications.

ICO DETAILS

• Volume: 186,000,000 ABT

• Finite amount of ABT created

• No inflation

• All tokens pre-minted, no mining required

• 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

• ETH(Ethereum) CMT(Cybermiles Token)

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

Website:https://www.arcblock.io/

Whitepaper:https://www.arcblock.io/file/whitepaper/WhitePaperEnV2_en-US.pdf?v=2

ANN Thread:https://bitcointalk.org/index.php?topic=2699379

BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1151616