A new world of Sense-To-Sense digital business and entertainment where time is the main asset
Singapore, May 13, 2024 (GLOBE NEWSWIRE) – Arllecta group of companies presents the launch of one of its emblematic products in the development of the global digital economy. Chain of Senses is a global digital business and entertainment networkwhere every person on our planet can earn money using one of its main vital resources – time.
In our network, we create and implement the principles of the economy of a highly developed smart country. Our digital monetary policy uses highly innovative digital solutions that will completely eliminate problems harmful to society such as:
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Inflationwhich is basically a synthetic derivative of any fiat currency, occurs when the distribution of this same currency ceases to have a true economic basis and begins to “multiply” like a cancerous tumor.
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Taylor Principle: Low inflation will be sustainable if the nominal interest rate increases by an amount greater than the increase in inflation, allowing the real interest rate to rise in response to the increase in inflation. This principle is extremely dangerous for the long-term development of society, as it entails the main defect – a complete ban on the rapid and constant technological development of any country, and also artificially restricts the development of individual businesses.
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Central banks that “manage” inflation and maintain it at a certain artificial level. The central bank, like any bank in general, is the main brake on the economic development of any country, as well as business in general, since, firstly, it is not a business entity producing any product, the cost of which would consist of other services or products of other business entities – that is, there is no closed economic cycle between economic entities. Secondly, the concept of capitalization cannot be applied to any bank, since all its main assets are created artificially and do not belong to it.
The core of the network includes the implementation of the following economic modules:
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reserve fund
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Investment fund
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Operating Fund
The Reserve Fund performs the functions of issuing digital currency Sense Coin (SC or S2S). Each coin has three main characteristics.
The first feature is the assignment of a unique identifier, which exists in a single copy on the network. This identifier makes it possible to determine the holder of a currency with 100% accuracy and reduce the possibility of fiat money laundering on the network to a minimum.
The second feature is the fixed currency rate: 1SC (S2S) = $10. This rate
reflects the economic indicator of the minimum wage under a meaningless contract.
The third feature is that each coin is spent (hours worked) according to a meaningful contract.
The investment fund performs the functions of aggregation and distribution of the network’s digital currency between investment sense contracts. The investment fund also performs the functions of protecting digital currency from misuse of network digital assets.
The operating fund performs the functions of current distribution of the network’s digital currency in accordance with existing registered sense commercial contracts. This fund also covers all operational activities of the network related to the fulfillment of their obligations by the participants of this network.
The basic nominal unit of measurement of the amount spent by a participant in our business network is the working hour:
1 hour worked (hourly rate) = 1 Sense Coin (SC or S2S).
1 Sense coin (SC or S2S) = $10.
One hourIn the context of our network, it means one hour of work worked under a meaningful contract.
A meaningful contractin the context of our network, it means a commercial contract implemented and stored on the network according to the rules of the Sense Chain technology algorithms.
Chain of Senses It’s a digital sense to sense network where everyone in the world can earn twice per meaning contract.
About the project.
Chain of Senses is a cryptographic network and technology name with its own unique components such as the proof of participation protocol algorithm, meaning contracts and smart transactions.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice or trading advice. It is highly recommended that you practice due diligence, including consulting with a professional financial advisor, before investing or trading cryptocurrencies and securities.
CONTACT: Kirill Sandomirsky info at sensechain.com
