ARC ICO Bounty Programme

6 min readDec 5, 2017

We debated for a while whether we should have a bounty programme associated with spreading the message and raising the profile for the ARC ICO — we were concerened about a bounty programme being considered an opportunistic approach.

In the end, we decided it was more important to reward the community for helping to bring ARC into existence.

The details of the bouty programme are set out below, and anyone is eligble to participate (subject to any regulatory restrictions in their local jurisdction —Arc Reserve Currency is to be classified as a debt security under Jersey regulations). If in doubt, please contact us (hello@arccy.org) or contact a local lawyer.

Thank you in advance for helping ARC to become a reality.

The ARC Bounty Programme

ARC Reserve Currency (ARC) www.arccy.org

What is ARC?

ARC Reserve Currency is an asset-backed digital stablecoin. Proceeds from coin issues will be placed in a ring-fenced not-for-profit company and allocated to fixed income investments, across multiple currencies, to enable a stable-priced cryptocurrency.

Passionate about a Stablecoin

Imagine you live in a country with high inflation or significant political or financial instability. Now imagine that you are looking to provide for your family and save for their future — earning enough to send your children to school or university.

Without a reliable currency and somewhere safe to store your savings, it is very difficult to achieve this. For billions of people around the world this problem is a reality.

A stable cryptocurrency can enable people to save and plan for their future globally — beating inflation and out of reach of untrusted counterparties. This is why we care passionately about ARC.

How it works

ARC will allocate capital received from the sale of ARC coins across currencies into diversified lending and fixed income investments and cash — to enable the value of ARC coins to increase in line with inflation, with low volatility.

Holders of ARC benefit from pricing controls to keep the price of ARC coin in line with the value of the underlying assets.

ARC is the first fully-regulated stablecoin cryptocurrency.

Bounty Program Registration

To register to participate in the ARC bounty program, please:

Fill out the Whitelist form: https://docs.google.com/forms/d/1Lz_IRoDWrzHzaoNJFZhlSyRdnVfbvbtYirgzkJu96sg
Include the words ‘bounty hunter’ in the comments field
Make sure we can identify you: e.g. include your Telegram and/or Twitter username

Bounty Rules — Play Nicely

As ARC will be one of the first fully regulated ICOs, we want the ICO (and subsequent coin offerings) to be robust, transparent and operate with a high degree of integrity. Therefore, we request to all bounty hunters:

1. Positive statements: only describe ARC’s positive characteristics when comparing to other stable coins — do not speak negatively of the competition

2. No spam: content should be meaningful, relevant and accurate

3. Clear advertising: make it clear that your content constitutes an advert. For example, by disclosing you are taking part in the bounty in content creation and adding #ad on twitter

4. Restricted jurisdictions: as a regulated coin, ARC cannot be promoted in every jurisdiction (e.g. US). Please see www.arccy.org for more details

Bounty Fund

The bounty fund will be determined by the total ICO proceeds:
• $5m raised: USD $5,000*
• $10m raised: USD $25,000
• $20m raised: USD $50,000
• $50m raised: USD $100,000
*Or equivalent amount in ARC Coins.

Bounty Hunters can score points by completing the tasks set out below. The total pool will be divided amongst all bounty hunters, based on how many points they have scored, compared to the total points score at the end of the ICO.

BitcoinTalk

• Users must have a minimum amount of posts/ status and have no negative trust
• The signature that is initially reported for that user cannot be changed throughout the campaign, one user cannot declare both accounts are used by them
• Quality will be measured across all posts and cannot be of low quality (spamming, copying and pasting) as these will not be accepted. Posts that are not seen to be constructive or have meaning will not be taken into account
• Posts made must be more than 200 characters
• Users must write 5 messages per week in the discussion threads of cryptocurrencies and these cannot be written in one day
• Users must change their avatar to the official ARC logo jpeg for the entirety of the ICO period

Points available
o 15 points for posts for posting 5 times/ week

• Footer design:
o Initial Design Concept: 50 points (anyone can submit a concept to hello@arccy.org — the winner will be chosen to then be utilised for all footer designs)

o Junior Member: 15 points
o Member Footer: 15 points
o Full member: 15 points
o Senior Member: 20 points
o Hero: 20 points
o Legendary: 20 points

Content Creation

• Bounty hunters can create blog posts on Medium, Steemit, Newbium etc.
• Articles must be longer than 200 words
• Articles must be original, and any user found to be plagiarising or copying information will be disqualified. Official ARC images, logos and graphics can be used. These can be found on the www.arccy.org website
• Articles must have a link to the www.arccy.org and the Telegram group: t.me/arcico
• Articles will be judged by their quality, views and traffic
• To enable identification, articles must:
o Include author’s BTCTalk profile (if they have one); or
o Include a Telegram handle (if they have one); or
o The author should send a link of the published article to hello@Arccy.org

Points available
o Articles will be rewarded with 25 points

Twitter Bounty

• Users accounts must have more than 300 legitimate followers
• User accounts must be legitimate
• Tweets must:
o be useful, for example include: (i) link to Telegram group (ii) Website (iii) Blog posts etc; or
o be informative, for example include ‘stablecoin’ ‘ICO’ etc; and
o should include #ad to indicate they are ‘sponsored’ tweets
o Spread out — no more than 2 per hour or 5 per day

Points available
Points for retweets (RT) from @ArcReservceC @SteveWFindlay @GarrickHileman will be given to users depending on number of followers:
o <500 followers = 1 points per RT
o 500–1000 = 2 points per RT
o 1000–5000 = 3 points per RT
o 5000–10000 = 5 points per RT
o 10000+= 10 points per RT

Points for writing tweets will be given to users depending on number of followers:
o <500 = 2 points per tweet
o 500–1000 = 5 points per tweet
o 1000–5000 = 10 points per tweet
o 5000–10000 = 15 points per tweet
o 10000+ = 20 points per tweet

Translation Bounty

• Users must provide 2 examples of previous translation work to be eligible for selection
• Please reserve translations in the BitcoinTalk thread: first-come, first-served
• Google translate cannot be used in the bounty and any user found using Google translate will be disqualified

Points available
o Information Memorandum Translation — 50 points
o Whitepaper Translation — 35 points
o Technical Paper Translation — 25 points
o Website Translation — 30 points
o ANN Thread/ Bounty thread — 5 points

• Users must stay in the group until the end of the ICO.
• Users must be active and supportive — bad language, spamming or inappropriate behaviour is not allowed, and users found doing so will be disqualified. We encourage constructive conversation around ARC and its effects not only on the ecosystem but globally.
• One account per user, any user found using more than one account will be disqualified.

Points Available
o 5 points for joining Telegram group: t.me/arcico
o 15 points for inviting at least 5 people to the Telegram group

Bug Bounty

• All reports must be sent to: hello@arccy.org with subject: ‘Bug Bounty’
• Our team will assess each submission individually and points will be awarded depending on the level of severity of the bug to the security and performance of ARC. Submissions will be given one of the following tags:

Points available
o Low: 10 points
o Medium: 25 points
o High: 50 points
o Critical/ Fatal: 100 points

ARC will award points at their own discretion, and their decision is final.

Thank you!

We believe ARC could provide stability not only to a volatile crypto-ecosystem, but in also has the potential to empower people across the world who are subject to high inflation and/or exposed to unstable financial or political systems.

ARC needs the support of the crypto community for this to become a reality. Join our bounty program today and help spread the word!

Documentation and Links

ARC in 1,000 words — https://medium.com/arc-blog/q-a-introduction-to-arc-reserve-currency-in-1-000-words-49bea91c22eb

ARC Primer and Overview — https://www.arccy.org/sites/default/files/arc-public-docs/arc-primer-and-overview.pdf

Overview of Money and Currency — https://www.arccy.org/sites/default/files/arc-public-docs/overview-of-money-and-currency.pdf

Roadmap — https://www.arccy.org/sites/default/files/arc-public-docs/arc-research-road-map.pdf

Technical Whitepaper — https://www.arccy.org/sites/default/files/arc-public-docs/arc-technical-whitepaper.pdf

Lending and Fixed Income Asset Class — https://www.arccy.org/sites/default/files/arc-public-docs/lending-and-fixed-income-as-an-asset-class.pdf

Website: https://www.arccy.org/

Twitter: https://twitter.com/ArcReserveC

Telegram: t.me/arcico

Medium: https://medium.com/arc-blog

Warning and Disclaimer

Please note: nothing in this message constitutes an offer or solicitation for investment or otherwise. Please refer to www.arccy.org to all terms and conditions relating to the Arc Reserve Currency.