ARROUND is a decentralized augmented reality (AR) platform with a mission to give anyone the ability to experience the world in AR, and provide a place for developers to realize the potential of their applications. ARROUND uses blockchain and augmented reality to build an ecosystem consisting of four integrated elements: a disruptive universal advertising network, an augmented reality marketplace, a social platform, and the next generation AR map that will create a backbone for AR projects around the world. The platform will release its own token, the ARR, to support all transactions within the platform, with blockchain warranting the intellectual property and privacy rights as well as the commercial interests of all the involved parties.
ARROUND fully recognizes the opportunities that this market offers and intends to utilize the powerful combination of blockchain and augmented reality to:
• Offer smartphone users (and later on users of smart glasses) a way to quickly create, share and enjoy augmented reality experiences via a privacy focused social network.
• Provide offline retailers, brands and organizations with a powerful new way to engage consumers utilizing a variety of immersive and engaging advertising solutions based on augmented reality technology.
• Create a marketplace for AR developers globally and other entities to engage with the public and monetize their applications, and provide them with a test environment via a robust SDK and API in order to enable this.
• Develop a crowd-sourced 3D spatial map of the world to provide an information backbone to power the next generation of AR applications and services that require pinpoint accuracy in a real world environment.
ARROUND is a unique decentralized economic and technological infrastructure supporting the augmented reality ecosystem. Throughout each aspect of the platform, blockchain technology is used in order to facilitate the development and sales of goods, services, information and advertising using the principles of a decentralized economy. ARROUND will have the ability to address multiple markets through the application of a single technological platform. Each element of the ARROUND economy relies on blockchain to ensure frictionless interaction between each party, allowing the system as a whole to maximize its potential to become a transparent and trusted resource within the global AR ecosystem. Blockchain is a digital ledger in which transactions are stored and validated by the participants on the network, resulting in a unique transparent and verifiable record without the need for a central authority. Through the use of EC20 smart contracts, ARROUND can solve a number of specific issues associated with social networks, advertising networks, marketplaces and crowd-sourced data.
ARROUND Business Model
The platform and ecosystem created by ARROUND will be based on the following business model:
• The ARROUND platform will earn money by showing advertisements as well as through the lease of map data.
• All prices inside the system will be set in fiat currencies.
• Payments for ads and purchases inside the system will be made using ARR tokens. Tokens can be bought using both cryptocurrencies and fiat money.
• Benefits for users: discounts, bonuses and rewards for performing tasks from advertisers; token transfers between users.
• Income sources for service providers: payment for premium content by advertisers and users.
• Income of blockchain node holders and the owners of servers with content: a share of transaction fees paid automatically and automatic payments from the Network Development Fund (NDF). All these payments are expected to be made using smart contracts.
ARR Token Circulation On The ARROUND Platform
Fiat money and cryptocurrency circulation on the ARROUND platform:
• Users and advertisers can buy ARR tokens for fiat money or cryptocurrency on exchanges and use them in the ARROUND platform
• All payments within the system will be made using ARR tokens which can be exchanged automatically
The first users of the ARR platform will be token buyers at the ICO, after which any interested person can buy ARR tokens on an exchange to use the platform. The ARR token will be released on the basis of ERC20 smart contract on Ethereum blockchain and will also be traded on cryptocurrency exchanges. After a private ARROUND blockchain network is created, ARR tokens will be exchanged for tokens at 1/1 rate through payment channels on the private blockchain where the rights of authors and owners of digital assets will be registered and where an automatic system for making payments for the use of intellectual property will be implemented.
PRE-SALE & TOKEN SALE
TERMS & CONDITIONS
The ARROUND platform will use the ARR token released after the ICO.
ARR token features:
• The number of tokens is limited to 3,000,000,000 units;
• 1,450,000,000 tokens will be sold at the Pre-sale and Token Sale and 245,000,000 tokens will be offered as a bonus for buyers. Unsold tokens will be burned. For each token sold at ICO, another 0.77 tokens will automatically be created immediately after the Token Sale and allocated to special token funds. For details, please see below;
• The price of 1 ARR at the Token Sale will be US $0.035;
• The ARR token will be used for participating in auctions for the long-term lease of advertising space, as well as to perform all transactions in the system. ARR token will also be required as a deposit for the maintenance of the ARROUND blockchain node.
For each token sold at the Pre-sale and Token Sale, another token will be automatically created which is then distributed to the funds listed. As a result, the maximum number of tokens will be 3,000,000,000 units. The Community Development Fund (CDF) tokens will be used to encourage partners, develop the community and attract new users. These tokens will be used as a reward for content creators and developers involved in developing the ecosystem, as well as for users involved in the pilot testing of the system. From the first days after the ICO the token buyers will be able to use tokens in the MVP of the ARROUND platform to extend the lifetime of their Rounds (posts). In a short time, a host of new features and content will appear on which to spend tokens.
Website: https://arround.io/
Whitepaper: https://arround.io/content/file/arround-whitepaper-en.pdf
Ann thread: https://bitcointalk.org/index.php?topic=3014006.0
Twitter: https://twitter.com/ArroundPlatform
Channel: https://t.me/arround_channel
Telegram: https://t.me/ArroundSupport
Bitcointalk username: helsing03
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1889458
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