Artcoin - CREATE A NEW FUTURE FOR ART

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Introduction

The following review, is a detailed summary and analysis about the ARTCOIN Project. This will be helpful for everyone who wants to learn more and get an objective view about the ARTCOIN Project.
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Artcoin

ArtCoin is an investor-driven collective, creates real change for investors. Guiding users through transactions using cryptocurrencies. ArtCoin enables investors to benefit from the increased security and transparency of the Smart Contracts platforms. By pulling together information that everyday investors normally can’t access, ArtCoin democratizes the art market and acts as a direct liaison between investors and the art industry.
ArtCoin has implications that will reach all corners of the art industry. From individual collectors to large institutions, our authentication protocol is the perfect fit. Condition reports are simple and faster than ever before, and works can be tracked and traced with ease, functionalities that insurers and logistics companies can depend on. And individual artists are finally able to benefit financially from resales of their art.

Features of Artcoin Platform

  • ArtDNA Fingerprint Services: Authentication of an artwork using state-of-the-art augmented authentication technology that scans, recognizes and validates a “fingerprint” and stores this in the image’s proof-of-life, its “biometric passport”.
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  • Certification issuance: Using the augmented authentication technology, users are able to validate and document each transaction around an image.
  • Data Storage and cataloging: In order for users to get quick and user-friendly access to data sets as well as associated services, data is stored on the cloud. The artwork’s fingerprint and transaction history are securely stored on the blockchain. Each transaction related to an artwork is stored on the blockchain (in compressed form).

Artcoin Business Model

With the ArtChain technology, the art industry is more transparent than ever. The platform, based on blockchain, is built on tamper-proof profiles of artworks cataloging their provenance, history, and digital fingerprints. Top-level security standards are guaranteed, thanks to smart contracts and decentralization.
Artchain help to create a sustainable business model when solving and lowering of the transaction fees that make the tokens to increase in price due to the recurring and growing of the fees (buying of tokens to access and use the Artchain blockchain art gallery system).
Presently, a lot of billions of dollars are been invested at risk because art is unable to be verified for originality whenever someone sells or buys art. An additional verification will also be done which costs a lot of money and time. These fees shall be paid for transacting, securing, and verifying fine art on the Artchain platform. The token will also be supported by timeless pieces of art which can only be transacted in Artcoin. Thus, a Collateralized Coin Offering is also part of the package, as our coins will be supported by invaluable art pieces.
Condition reporting: Due to the fact that the condition that are always reported are expensive and cumbersome be it human effort or large scanners. This make owners to often forego these, even though this is central for image evaluation and insurance purposes (e.g. in the context of transactions/transportation).
Collection management: The absence of an effective digital solution means that there is an
abundant managing of large collections - from individual documentation/condition reporting to coordination of restoration works – which takes a great deal of effort and time.

Unique Team

The Artcoin team comprises of topnotch professionals in their domains. They have ambitious goals  which will enable them to set new standards for the Market. To achieve this goal a strong Team is built with all the necessary skills, talents and long-time experience needed for the project. Most of the team members on Artcoin have verified LinkedIn profiles. This is all good because the more transparency a company have in regard to their team, the more trustworthy they typically are.
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Token and ICO Details

Token Name: ARTCOIN
Token Symbol: ARS
Token Standard: ERC20
Jurisdiction: Zurich
Legal Qualification: Utility Token
Softcap: 5,000,000 USD
Hardcap: 100,000,000 USD
Number of Tokens: 30,000,000,000
Price Per Token: $ 0.01
Burn Unsold Token: Yes
Accepted Currency: ETH, USD, & BTC
Minimum Contribution: $10,000 Private, $250 Public
Stage 1
Tokens go on sale at $0.01, by invitation only
Sale lasts until March-15-2019
Stage 2
Tokens go on sale for $0.03Starts in April-2019
Stage 3
PRE-ICO EARLY BIRD Begins in May-2019
Tokens go on sale for $0.05
Stage 4
ICO – Tokens go on sale for $0.10
Starts in Sept-2019
Stage 5
Post-ICO 30 days EXCHANGE LISTING

Conclusion

Like Ether is for Ethereum the ArtCoin is for Artchain. Artchain is the brand for the art market while Artcoin is the brand for the ICO. With Artchain, users will get quick and user-friendly access to data sets as well as associated services, data is stored on the cloud. The artwork’s fingerprint and transaction history are securely stored on the blockchain. Each transaction related to an artwork is stored on the blockchain (in compressed form), which helps users maintain their
ownership, lending , restoration , transportation and insurance coverage related to an artwork. Users registered as creators (i.e. artists) will be able to gain royalties from re-sales of their
artworks. You can join the ICO here: https://en.artcoin.ai/member and follow the links below for more information on the project;
Author
nugezmils

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