The goal of ARS is to make as easy as possible for residents of Argentina to get into BitShares

BitShares supporters from Argentina agreed with the Committee to issue the ARS Smartcoin, owned by the network.

Why not a BitAsset?

We agreed not to compete with stronger BitAsset markets.

Why not a Privatized Smartcoin?

Because it's not intended for specific private revenue. We want it to be decentralized, a tool to build bridges. A common good.

We found just good reasons to create this Worker proposal:

• To look for consensus in a more direct way.

• To be able to issue a 3-character asset (ARS, for logical reasons).

• As asset creation fee goes to the network it won't represent any dilution.

• Trading fees will go to the network too.

• It can potentially bring a whole new market to BitShares, with no cost.

Note that Lifetime members pays Basic member fees for issuing 3 character assets, and then there's the 80% cash back. That's why the Worker budget is 1,174,108 BTS instead of 234,822 BTS. Fee Schedule at cryptofresh

Link to the original discussion https://bitsharestalk.org/index.php/topic,22231.0.html

The budget has already been created.

• It lasts from may 1 to may 12.

• If approved, ARS Smartcoin would be created that same day and its ownership transfered to committee-account, as agreed.