ARTCOIN.AI

Art, is a creative diverse visuals of human activities. It is a conceptual imaginative visual of an artist. Artists express their feelings, emotions and messages through their arts. From hundreds of years Art plays an important role in human evolution. Even though many things have been changed in the world but still the art world is following the old principles in it's operations. Still there is no technological innovation happened in the Art world.
Since the inception of blockchain technology, different industries are trying to figure out its usage. After the successful implementation of blockchain technology in various industries, such as healthcare and manufacturing, the art industry is trying to determine how blockchain technology transforms the market. In the year 2018, there were some key moments that encouraged the incorporation of blockchain in the art industry.

Let's first discuss about the problems

From the last 300 years mankind had seen lot of developments; technology has revolutionized every sector of our life. But still the Art world is in the 18th century. There is no development in every part of its operation. It is still following the 300 year old principles. Even today the authentication, auctioning and buying/selling of Artworks is same as old business model. This creates a lot of inconvenience for participants. The authenticity of Art work is checked with old standards; There are lot of chances that buyers may receive forged pieces. Still the Art market is not open to all talented participants. Young artists struggles a lot to get into the market.

The present Art market is insufficient to provide authenticity and quality assurance to buyers. The today's Art market benefits auctioneers more than the creators and investors. The presence of intermediaries increases the fee on products. Lack of technological implementation hinders the growth of the market.

It is admirable fact that the Art market worths billions of dollars. Even though the market has many shortcomings it has more than 63.7 billion USD annual turnover globally in 2017. The US, China and UK countries hold the larger part of the market.

According to market experts, the Art industry is predicted to reach $2.7 trillion market in next 10 years with $620 billion annual transactions. The online Art market is increasing exponentially. With every year 10 percent rise, the online market reached $5.4 billion in 2017.

I will be introducing you to a revolutionary platform which is a decentralized system designed to create the most sustainable solutions for all participants in the industry, while eliminating all existing problems

About ArtCoin.ai

ARTCHAIN AI is a revolution in tracking, protecting and recording artwork accountability. 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.

About The Technology

Robust Software Authenticates Images

Each artwork has a unique digital fingerprint, and by scanning and matching the finest textural details and storing it on the blockchain, the software effectively renders the artwork unforgettable thanks to its unprecedented ability to pinpoint fakes, no matter how sophisticated.

Changing The Art Industry With The Solutions

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.

A Platform That Supports Cataloguing and Transactions Via Blockchain

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.

Business Model

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. Business model The following are the areas in which there is no effective digital solution:

Image Authentication
Image authentication cannot be done automatically but manually because, it is prone to human error, costly and time-consuming.

Documentation
The central to image authentication and valuation are the records of history and provenance, but these are often easily forgeable, incomplete and not stored securely. Business model

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 valuation and insurance purposes (e.g. in the context of transactions/transportation).

Those responsible for damages to an image is nearly impossible to identify (e.g. in the context of gallery loans: whether damage happened during transportation or exhibition).

Restoration
There is no standard recording (and secure storing) of restoration activities along with an artwork’s other vital stats, i.e. history, provenance, and condition reports.

Logistics & Transportation
Transports are usually under insured because of the fact that there is currently no track & trace solution.

Intellectual Property Rights
Artists are not able to gain royalties from the re-sales of their works due to the in transparency around image transactions.

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.

User Roles & Associated Services

Creator/rights holder
The creator/rights holder is stored as a distinct user of the ARTCHAIN system with a unique ID (User ID) type.

The creator/rights holder is able to register the item, record its fingerprint, and to submit this to the ARTCHAIN system along with all relevant images to generate the artwork’s “biometric passport,” i.e. the artwork’s proof of life.

Owner
An owner is stored as a distinct user of the ARTCHAIN system with a unique ID (User ID) type.

An artwork is associated with an owner (User ID) once it is bought from a creator or another owner (pri- vate or institutional) and the transaction is confirmed through the ARTCHAIN app.

Owners are able to generate an artwork’s initial fingerprint/biometric passport.

Services with Artchain

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”.

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).

ARTCHAIN Platform as a service

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.

BENEFITS OF ARTCOIN

Having the ICO, one will be able to get investment grade work that will increase in value. One’s tokens will be exchangeable to be traded and will also be utilized to purchase work out of the collection for the private collection. The coin supply is going to increase to raise the collection and will be provided at continuously more cost rates to make sure the interests of token holders are upheld and the value of their tokens remains to heighten. With Artcoin, it is only the works sold through it will be tracked using the blockchain for credibility. With the use of Artcoin, any marketplace will support artists to sell work directly to purchasers. Lastly, virtual and real galleries will give access to Artcoin holders to check the collection they participated to fund.

Token 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

ICO Details

Stage 1
Tokens go on sale at $0.01, by invitation only
Sale lasts until March-15-2019

Only initial investors who are in closecontact with ArtChain can purchase Stage 1 tokens.These investors have a deep involvementin the project and their valued feedback has helped to shape our work. The invitation to the initial offering of tokens at the lowest possible price is a reward in gratitude for their contributions.

Stage 2
Tokens go on sale for $0.03Starts in April-2019This is the lowest possible price for investors who were not part of the invitation-only Stage 1 offer. They’ll receive the highest return for their investment, and it’s the ideal time to make large-quantity purchases.

Stage 3
PRE-ICO EARLY BIRD Begins in May-2019
Tokens go on sale for $0.05

A great middle ground for those investors who preferred to ensure the ICO was a success, but don’t want to wait for the public sale as they wish to capitalize on higher bonuses.

Stage 4
ICO – Tokens go on sale for $0.10

Starts in Sept-2019
The general public gets access to tokens during this most published sale. Support is growing, development is racing ahead, and we’re ready for a large investor influx. The ArtChain app is rolled out, with the first works of art being recorded on the blockchain.

Tokens will be listed on cryptocurrency exchanges following the ICO.

Stage 5
Post-ICO 30 days EXCHANGE LISTING

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