The International Blockchain Monetary Reserve, IBMR.io, is a social impact economic development reserve and advisory established to promote distributed inclusive economic development for the urban working poor in emerging markets through the issuance of regional ‘crypto-reserve currencies’ supported by corresponding decentralized economic structures, underlying assets and regional market alignment.
IBMR.io proposes a social impact solution for the economic development of the emerging markets in Southeast Asia by creating a decentralized information network, a Public Mandate Network, that rewards users with $ARCC, Asia Reserve Currency Coin. The Public Mandate Network, accessed through a microasset fintech mobile platform, allows for users to participate in socio-economic surveys or directly report, identify and cross verify points of corruption (i.e. illegal garbage dumping, deteriorating public infrastructure, etc) in urban areas. The aggregated verified real-time data of corruption can be used to finally publicly expose the extent and scope of the systemic corruption.
Users would be incentivized to participate in the network by earning $ARCC through an act of Social Proof of Work (SPoW) mining (i.e. earning ARCC as a reward for contributing to the Public Mandate Network for reports made). $ARCC mined by the user would be subject to a 3-year vesting schedule, as the objective is to provide debt-free capital for entrepreneurial investment. As such, to act as a sufficient long-term incentive, $ARCC itself would derive its value by being positioned as a macroeconomic ‘regional crypto-reserve currency’ and a ‘microasset’. This would be accomplished through a sovereign wealth fund type structure composed of a ‘foreign currency reserve’ with an inflow of funds from underlying assets as well as a 50-year token monetary policy.
The Public Mandate Network would also act as an asset management platform accessed through ARCC.one, a microfinance ecosystem of third-party providers mobile APP.