The Artex project started on May 17, 2021 with a team mostly from Turkey. The aim of the project is to bring together cryptocurrency investors and art lovers on the same platform, to ensure investment in tokenized artworks. First-class fine art pieces insured in line with the transparent pricing of art experts from various countries are tokenized on the blockchain in return for their insurance value. With the smart contract technology used, you can buy and sell the tokens,
Artex Cyptocurrency supply of which is fixed, both in the pre-sale process and in the quantities you want from the works listed on the market. The working model of Artex, which has been meticulously designed in line with the views of investors, artists, auctions, and galleries and within the framework of common interests; promises to provide the liquidity, security, transparency, and easy access the sector needs by paving the way for democracy in art investments.
Artex believe in a world where not only the lucky and privileged few, but everyone can invest in first-class artworks. Blockchain is the safest way to achieve this, and vision is to provide the necessary products and services with great transparency to ensure that investing in artworks becomes the new trend of the crypto world. The future of finance is a democratic distribution. Power is in everyone’s hands.
The live Artex price today is $0.017962 USD with a 24-hour trading volume of $156,771 USD. Artex is up 52.54% in the last 24 hours. The current CoinMarketCap ranking is #3101, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 ARTEX coins.
ARTEX is the native utility token that is used for:
Production and approval of smart contracts,
Participating in the pre-sale,
Lower commission fees,
Participating in auctions and bidding,
Artex Tokens will be used for the function and shopping transactions of all privileged functions of the platform such as participating in international events such as Fairs, Biennials, and Exhibitions to be organized by Artex.
Artex Cyptocurrency uses blockchain infrastructure to generate protected digital certificates associated with artworks. The artworks are tokenized and recorded with smart contracts created on the Binance Smart Chain Network. In this process, all information is transparently presented to investors such as the identity of the artwork, its smart contract, total supply, and the wallets. When investors register on the Artex platform, they also have a BEP20 wallet and store all the tokens they receive through the platform in their wallets.
The technology can convert traders’ local currencies (e.g. USD, EUR, TRY), and cryptocurrencies (e.g. BTC, ETH, BNB). When the platform is fully operational, artworks tokens will be traded in both local currencies and cryptocurrencies. In addition, investors will also be able to use Artex Token to avoid commissions and costs that will occur independently of the platform during the conversion of currencies. Undoubtedly, it will be very advantageous for the investors to use this token belonging to the platform in both auction transactions and trading processes.
The digital currency of the Artex Ecosystem is Artex Token. When the Artex platform is fully operational; • Production and approval of smart contracts, • Participating in the pre-sale, • Lower commission fees, • Participating in auctions and bidding, • Artex Tokens will be used for the function and shopping transactions of all privileged functions of the platform such as participating in international events such as Fairs, Biennials, and Exhibitions to be organized by Artex. Thus, as the platform gains worldwide popularity, the demand for Artex Tokens will increase at the same rate. Furthermore, they aim to add value to the currency of the Artex ecosystem by ensuring that Artex Token is listed on top-level exchanges as soon as possible.
Protecting the rights of our investors by ensuring the balance of supply and demand of Artex Token is the primary goal of the platform. In line with this mission, with the opinions of our financial experts, it has been decided to fix the maximum supply of Artex Token to 100.000.000 ($100 million) in an unchangeable manner. 40% of the total supply will be put into circulation in the first year. The remaining 60% supply will be put into circulation at pre-determined periods within 4 years.
The earning model of the Artex Cyptocurrency platform is constituted by low commissions. The commission rates for the sustainability of the Artex ecosystem in terms of insurance, custody, and maintenance fees are almost negligible compared to galleries and auction houses. For each item listed on the platform, a commission of 0.02 for buy-side transactions and 0.02 for sales-side transactions of investors are charged. In addition, a 0.04 commission is charged on the sale price for each artwork listed in the auction system and successfully sold. A 50% discount is provided on all commission rates for payments mad.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.