ARiseBank is the first of its kind. Let me reiterate that ARiseBank is not a bank but a SOFTWARE people use to be their own bank.
So how does ARiseBank work then if its not a bank?
Simple answer to that is AriseCoin.
AriseCoin is a brand new digital currency that will spark the global economic system the world has been ever so patient to experience. This newly born economic system combines the best features of capitalism and socialism, but gets rid of all the downside. It's socialism without the lack of opportunity and capitalism without the inequality. With AriseCoin, the poor are raised from poverty without taxing anyone, and if you are one of the top 1% you can still get richer with no repercussions. Every person that becomes apart of this system gets benefits from a combination of their personal wealth and the growth and circulation of the global economy. We call this brand new form of economic system "circulism," because it's all about circulation.
AriseCoin is split into two different coins, ACO and eACO.
- ACO is ArisCoin which is aquired during our initial ICO as well as exchanges for those looking to purchase, sell, and trade ACO. ACO is a permanent asset that do NOT expire. If you buy or earn them, they are yours to keep.
- eACO is the first ever expiring cryptocurrency. eACO are minted daily, in proportion to the collective gains of ARiseBank supporters and then are algorithmically returned to all AriseCoin holders. What makes eACO different than ACO is that eACO expires after a period of time and are ONLY usable within AriseBank. Thus the term "circulism" was born.
Supply Count ACO: 833,333,333
Supply Count eACO: 133,333,333
The purpose of eACO is to jumpstart the whole communities wealth, and also to incentivize people to spend their eACO coins before they expire.
So how does the distribution process of eACO work? eACO is a truly new concept and I think must be broken down to understand. Anyone can grow their personal wealth independently front big corporate banks. But yet at the same time we provide a way for every supporter to benefit from the collective gains as well. So lets say supporter A receives a $32 profit from the AIExchanger platform. 1% of the "profits" or "gain amounts" of supporter A is generated into new eACO and is split amongst ALL AriseCoin wallets automatically. So in reality supporter A is losing almost close to nothing but is still contributing to the system in a way he/she can do automatically. So in reality if you are giving away 1% of your gains but you are still receiving everyone else's eACO, so its not really losing anything at all. eACO are then giving expiration times BASED on the AriseCoin circulation activity of each individual from the previous 24 hours of activity.
AriseCoin wallet are all very secure and production-ready, while also taking advantage of the AriseCoin open API.
AriseCoin utilizes Dan Larimer's DPOS consensus mechanism featuring 51 total delegates on the Arise blockchain. These delegates are then given tasks to complete like running the network, voting on blockchain related decisions including potential forks, major code updates and other events. I compare DPOS to a diplomacy because I picture the delegates as a "congress" as there are 51 and with that many delegates meaning it would be very hard for one party to control it all.
AriseCoin is highly integrated with platforms such as aPay, allowing any online merchants to accept AriseCoin at checkout. AriseCoin also uses sub-chains for their blockchain.
What are sub-chains? fractional-difficulty blocks (weak blocks) to build subchains bridging adjacent pairs of real blocks. Subchains reduce orphan risk by propagating blocks layer-by-layer over the entire block interval, rather than all at once. When the proof-of-work is solved it will offload medium to low-urgency operations from its main chain into sub-chains, in order to keep AriseCoin scaleable, fast and the moving at the same speed. Internal operations like expiring-based network transaction and eACO expiration settlings are offloaded to delegate machines.
That means this blockchain is very much scale-able.
Our goal with AriseCoin is to drive general circulation incentivizing ACO holders to spend their extra eACO bonus coins before the expire. Thus creating a circulation of eACO through every single ACO wallet. The more eACO being used rather than held static will grow the ACO holding.
This makes the AriseCoin cryptocurrency one of the most unique asset on the market and a one of a kind asset to your porfolio.
The BTS 1:1 ratio is ending january 26th (tomorrow) this is a huge discount as Bitshares is .41c as I type this and ACO releases as 1.40$ in early Feb. If you have any questions at all let me know I can help immensely.