The token name is AICA (Aika), the issue date is February 2019 (scheduled for hard fork after cloud sale)
Ai ○ ○ (unit of legal currency name is included in ○○) linked with the currency unit AICA (Aika) and the statutory currency of each country, total token supply amount is 1,000,000,000AICA
Breakdown of 1 billion yen is 500 million AICA for ICO and 500 million AICA for which is newly issued based on issuance rules
The way to use procured funds at ICO is 20% social labor cost, 20% personnel expenses, 10% advertisement expenses, 40% system development expenses, and 10% working capital.
The newly issued portion of 500 million AICA will be issued to enterprising companies of the business association.
For details, please see the white paper.
Why is overseas remittance time consuming and fee high in the age of the Internet? In addition, although a tool called virtual currency came out, price fluctuation was large and usability was bad, which is also inconvenient.
The virtual currency fixed in the statutory currency without fluctuating range solved the problem of price fluctuation, but how to keep value? A new problem arises. If it is a virtual currency to be pegged with collateral as deposit of bank account such as deposit it is a mechanism which can not escape from the centralization of banks.
Internet banks, debit cards, corporate point system etc are just changed to the name virtual currency.
AICA will create a hybrid virtual currency that solves all the above problems.
The ultimate form of an easy-to-use virtual currency is the virtual currency that the labor side wants for payroll payment.
In order to realize a virtual currency that can be paid by salary, it is easy to understand easily that 1 yen = 1 aien (aien is a unit of AICA at the time of circle peg).
For example, convenience is increased by making Japanese yen pegs like ZEN issued by the Japan Block Chain Association or MUFG coins or J coins to be issued by Japanese banks. However, to peg, you need collateral for the peg currency.
For ZEN, the association always prepares issued zen amounts in yen, MUFG coins and J coins are collateralized with money of their own bank account.
The collateral of AICA depends on the price (value) of the market pric.
AICA is a virtual currency combining the legal currency of each country and the value of virtual currency. In the example of the US dollar, it is a hybrid digital currency with the value of one virtual currency worth the value of US $'s peg currency ai $ (fixed exchange currency) and ai (floating exchange currency). The same is true for Japanese yen, the circle peg currency aien and ai are linked. AICA realized the hybrid digital currency (virtual currency).
The definition of cryptocurrency is a digital currency built with a cryptographic protocol that makes transactions difficult to secure and forge. AICA has a function to keep price constant. AICA theoretically realizes semi-centralization using AI in the block chain instead of central bank management. Due to the birth of AICA, innovation such as various services combining the cashless society and the convenience of the worldwide common currency will be caused in the future.
Joint Account Wallet
3-1 Money system
3-2 Inter system
3-3 Rate keep system
3-4 Association system
3-5 International system
There are over 2,000 kinds of virtual currencies in the world, but among them there is no good-to-take hybrid type of settlement specialized type and legal currency linked type. Since there is no AICA's business model, it comes in value. Whether the value goes up or down is the balance between supply and demand. AICA is the virtual currency set for deflationary trends. If the value of AICA goes up, more people will want the AICA that you have. In other words, ICO participants will be on the supply side.
2018.09 Establishment of AICA project joint venture company
2018.10 Website completion
2019.6 Overseas corporation AICA LABO founded /
2019.8 UTILITY System αversion test
2019.9 Establishment of labor union /
Establishment of business association
2019.10 Joint Account Wallet α version and
UTILITY System beta version test
2019.11 MIRAI System beta version test
2019.12 Cloud token sale start
(Regions other than Japan.No Presale in Japan)
2020.02 1AICA value transition from fixed rate to variable rate
2020.03 Listed on the exchange
2020.04 Social experiment start (step 3)
2020.06 AICA's services are also sequentially tested
Admin transition from AICA project to union