IBMR.io has just gone ahead to announce that the crypto service platform referred to as the COBINHOOD will help and advice in the new launch of the IBMR.io macro-economic stable coin, one that they have called the ARCC, Asia Reserve Currency Coin.
This is not all, as with the partnership in place COBINHOOD will be made as to the official exchange partner for the ARCC, and from here the token will be listed on the COBINHOOD platform within the first month when it gets officially released.
The ARCC token derives its value and stability through alignment and contribution to economic productivity.
It was launched by IBMR.io, a social impact economic development reserve and advisory founded by Sinjin David Jung, the former regional marketing director of PokerStars and whose claim to fame was shepherding the legalization of poker in Macau.
Speaking exclusively, Sinjin David Jung, founder, and Managing Director at IBMR.io was bullish about the partnership.
“Cobinhood is absolutely one of the most technically strong firms in the cryptocurrency blockchain space, but what makes them special is that they aren’t afraid to take on the hardest technical problems for the biggest impact. ARCC is a longshot in terms of social impact scope so once people really understand the project, it is extremely challenging and intimidating”.
Jung went on to say that Cobinhood was one of the few firms that instead of being intimidated was actually inspired by the IBMR project.
“As partners, we share the same ethos in recognizing that this space has the potential to change the world, so we do need to operate at that level. We truly respect Cobinhood for their courage and vision to stand with us”.
It has been established as a social, economic development reserve plus an advisory platform that has been able to empower the working class within the emerging markets.
All this is to ensure they have empowered several individuals in the urban areas to be the agent of change that one hopes to see in the market.
The reserve was found with a primary mission of creating new decentralized development structures with the use of Social Proof of Work, one that has been able to promote finical inclusion; this has been achieved through the incentivization of different individuals.
The launch of the ARCC has been designed to have four stages. The stages include the presale, then the initial token raise, and then they have developed the 1st stage for the continuous mint, then the 2nd stage of the continuous mint. All this seems very interesting for the investors in the market; thus, you should expect to see the launch taking place in the third quarter on the COBINHOOD platform.
With the partnership they have put in place, it will allow both entities to grow within the crypto space, and also be able to create the needed shift by proper utilization of the blockchain technology and for social good.