Cardano native token, $ARTA, ISPO and the first utility on Artano!
We’ve come a long way since we distributed $ARTA tokens during our auction in July 2021. Our second collection, Apeirogon, is behind us and we’ve created many partnerships within the space.
Today we have two very special announcements: Artano is doing an ISPO with our partners from DripDropz and we’re announcing the first ARTA token utility (well, utilities)!
Our pool ticker is ARTA, and you can find more information about it here.
What are $ARTA tokens and what can I use them for?
$ARTA is the first token made for the artist and the collector.
$ARTA is a Cardano native token, minted earlier this year to add utility and governance features to Artano. It was first distributed during our auction in July 2021, where we distributed 2 ARTA for each ADA spent (most we will ever distribute for a single NFT purchase).
We want our artists and collectors to be able to choose whether they sell NFTs using ADA or $ARTA, to use the token to promote their NFTs on our main page, or to vote for projects and features they’d like to see on Artano. Minting infinite NFTs (NFTs that change over time and react to data) will also require $ARTA tokens, as well as renting “galleries”, special places for your collections and collaborations on our platform.
We want to be the first marketplace with decentralized curation, where the community decides the artistic direction of the platform!
What’s an ISPO and what does it mean for Artano?
The initial stake pool offering (or ISPO) is the first time a token is distributed through a stake pool on Cardano. Unlike an ICO, an ISPO is free, you just need to stake your ADA with our pool, ticker [ARTA]. We promised that 4% of the tokens supply will be distributed to our pool delegators over the next few years.
To kickstart our ISPO, we’re excited to announce that we are partnering with DripDropz, an innovative solution for token distribution to pool delegators on Cardano. We are starting small, with 20,000 $ARTA or 20 billion $artoms, which are units of $ARTA at 6 decimal places. This ISPO is 0.0095% of the total token supply.
For every ADA staked you will receive 1000 $artoms (10^-3 ARTA). You will start earning $ARTA two epochs after you start staking with us. With the current stake, we planned a 6 month runway. However, if we run out of $ARTA earlier, we will add an additional 20,000 $ARTA until we reach or exceed the 6 month runway.
The planned ISPO will run until June 2022.
The first utility of $ARTA tokens is here!
We’re very proud to introduce the first utility of the ARTA token: advertising your projects and NFTs on Artano!
UTILITY 1 — Promote your Artano project on our front page BANNERS!
You can now advertise your favorite NFT, your Artano profile or even an NFT drop on Artano’s main page! There can only be up to 5 banners on our main page, so the competition for the banners will be fierce! Note that the banners will be curated.
You can reach out to us about the pricing of the banner in $ARTA or ADA at https://artano.io/subscribe/
UTILITY 2 — Highlight your NFTs through BOOSTING THEM ON DISCOVERY!
Discovery is a feature unique to Artano that limits the number of pieces from one artist or collector on the main page. We want to show you the best and most relevant NFTs, carefully selected by each of our users. We’ve decided to introduce “boosting”, which will display your NFT as the first in line on our discovery page.
This way, you can show your NFT audience your favorite NFTs or the NFT you wish to sell without worrying who put the NFT on discovery first. Only NFTs that are on sale and discoverable can use this feature. If the NFT was sold, it will be removed from discovery and put into the collector’s “collected” tab.
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