ArcBlock Project and ICO Summary

ArcBlock Project and ICO Summary

Project Information

ArcBlock is a platform and an ecosystem for building and deploying decentralized blockchain

applications. The platform goes beyond providing the necessary foundational components for using blockchain to power complex business rules. It connects your existing system to blockchain networks, enabling you to automate business processes using the data and identities associated with existing systems.

ArcBlock’s primary goal is to remove the barriers that have slowed blockchain adoption among the general public. We’re also passionate about developing unique approaches that will significantly advance blockchain development.

Underperformed Functionality

The blockchain that Bitcoin uses is designed to handle seven transactions per second, and Ethereum can only handle a few more. In December of this year, a simple CryptoKitties application accounted for lots of network traffic jams on Ethereum and as traffic increased significantly, the transaction fees raised up dramatically. This is a clear example of its limitation on handling large amount of concurrent users makes itself less competitive compared to existing non-blockchain alternatives.

Good known problems with today’s blockchains:

• poor performance
• not consumer friendly
• cost
• and many other…

ArcBlock solves through its revolutionary new design. Unlike its predecessors, ArcBlock is a platform service, rather than a standalone software package or set of APIs. ArcBlock is a comprehensive solution that combines blockchain technology with Cloud Computing.

ArcBlock Advatages

1. Built for the new token economy

ArcBlock is a self-evolving ecosystem. ArcBlock Foundation are only jump starting the project; the platform will continue to develop and grow on its own.

2. Optimized for the best experience

Applications built with ArcBlock offer reactive, real-time experiences

3. Built for the cloud

ArcBlock is designed to run natively in the cloud. It can also run on a single computer for testing and development.

4. Built with an open standard

W3C Blockchain Community Group, IEEE Standard Association’s Blockchain Community, Enterprise Ethereum Alliance, Linux Foundation, and Hyperledger Foundation. This list will expand over time.

Token

The ABT is a utility token for paying the cost associated with using the service. The ABT’s basic utility value is to pay for the cost of using the ArcBlock system. People who contributed resources or services (“Miners”) to the platform will be rewarded with tokens.

Token name — ABT

Total Tokens — 186,000,000

Platform — Ethereum(ERC20)

Distribution

Roadmap

ICO Details

• Whitelist
• Bonus for the First: 8% BONUS ON PRE-SALE
• Min/Max Personal Cap: 0.1 ETH / 50 ETH

PRIVATE SALE | KYC REQUIRED

Private sale hardcap: 25000 ETH

1 ETH = 2052 ABT (minimum 100 ETH, 1000 ETH)

Begins: Jan 12, 2018 7pm CST

PUBLIC SALE | KYC REQUIRED

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)

Begins: February 3, 2018, at 7pm CST and end on Feb 10, 2018

Contacts

Official Website: https://arcblock.io

Whitepaper

Telegram : https://t.me/ArcBlock

Twitter : https://twitter.com/ArcBlock_io

GitHub : https://github.com/arcblock

Email: contact@arcblock.io

My Account BTT : https://bitcointalk.org/index.php?action=profile;u=1418963

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