PRESENTATION
Artem Finance lending is cryptocurrency lending service where a user can lend cryptocurrency for a certain period to Artem Finance by agreeing on the loan contract agreement. Upon expiration or termination of the agreement, Coincheck will return cryptocurrency with annual % rate on top of it.
Artem Finance ecosystem is a blockchain-based project which combines both the investing and the lending together. The combination of both market together will make them more attractive and interesting.
What is NFTs
In the crypto world, there are two types of tokens, fungible and non-fungible. Fungible tokens are like currency. One dollar is always one dollar regardless of the serial number on the specific dollar bill. A one-dollar bill can be replaced by any other one-dollar bill. On the other hand, non-fungible tokens (NFT such as ArtDeco) are unique and cannot be replaced by any other token.
NFTs can be used to represent unique digital assets, such as Artem and virtual buildings on Decentraland. NFTs are interesting because their uniqueness and ownership can be verified, they can be utilized across applications developed by different companies, and they can be traded easily through secondary markets. These features open up possibilities for new use cases and business models.
NFTs has been widely discussed since it was standardized by Dapper Labs in 2017. However, adoption is disappointing. NonFungible.com estimated there are around 20,000 NFT users per month, which is 40% of the estimated number of DeFi users. The primary reason is that not all NFT features are fully utilized. I would like to explain how NFT can be valued as a function of four components, and how value can be increased.
NFT value framework and opportunities
Value of an NFT = Utility + Ownership History + Future Value + Liquidity Premium
Depending on the asset that the NFT represents, value is weighted differently across these four components. This framework can be used by investors to evaluate if an NFT is worth investing, and by NFTs developers to think of ways to increase the value of NFTs to attract users and investors. The key takeaway is that NFTs creates many new ways for values to be created for both developers and asset owners.
Utility — Utility value is depended on how the NFT can be used. Two major categories that have high utility value are game assets and tickets. For example, a rare and powerful Crypto Space Commander battleship was sold for $45,250 in 2019, and the value of an NFT ticket is the price of an event ticket. Another dimension of utility is the ability to use the NFT in a different application. Imagine if you can use the same battleship in a different game, the value would definitely be even higher.
However, it’s very challenging to realize interoperability. Currently, 90% of NFT game players play only one game. That’s because developers need to first build a massive ecosystem of games and provide attractive use cases. Dapper Labs and Engin are both working towards that direction. Although there are many unknowns and require huge amount of time and effort, that’s exciting for the whole industry.
Another way to increase utility value that is easier to achieve is to form partnerships with other businesses to provide benefits to people who hold your NFT. For example, Dapper Labs can co-operate with NFT event organizers to negotiate a discount for CryptoKitties owners. With technologies such as AlphaWallet’s tokenScript, it’s very efficient to authenticate the issuer and owner of NFTs, so event organizers who want more participants don’t need to do much to implement the partnership. It’s a win-win for all parties involved.
Liquidity premium — High liquidity translates to a higher value of NFT. The liquidity premium is the primary reason why tokens that are created on-chain should have a higher value than off-chain assets. ERC standard NFTs can be traded easily without friction on secondary markets with anyone who holds ETH, which increases the number of potential buyers.
Companies need to design token economics that encourages users to trade to increase engagement and NFT liquidity. For example, games can force players to swap assets to remain competitive in the game and can depreciate NFT assets if they are idle for too long.
Basic Feature of ArtDeco NFT's
Unique
Deep inside a non‑fungible token, metadata describes what makes this asset different from all the rest. This is a permanent, unalterable record that describes what this NFT represents — almost like the certificate of authenticity that you’d get with a rare painting.
Rare
Scarcity is an important ingredient in the recipe that makes NFTs so attractive. While developers have the freedom to generate an infinite supply of certain assets, they also have the power to limit the number of rare, desirable items in existence.
Indivisible
For the most part, NFTs cannot be split into smaller denominations — they can only be bought, sold and held whole. Remember the rules of non‑fungibility: you can’t purchase 10% of a plane ticket, or collect 50% of a baseball card.
ARTT Token
ARTT token is an ERC-20 token which is used to facilitate operations in Artem Finance ecosystem
Currently, its price is stable at 1.2 USD. Artem Finance aims to make it 12 USD in the coming years.
The Artem Finance ecosystem aims to add other platforms to its ecosystem in the nearest future.
The pre-sale and sale of ARTD and listing will soon be initiated.
Pre-sale link as below:
https://artdeco.artem.finance/
There will be a discounted price for a total of 200,000ARTD
available for the early birds during the presale stage.
The ARTD presale is priced 1ETH=2000ARTD.
Official ARTD presale address:
0x3bfcA8c915316103438D4f364293844657570c97
After the pre-sale stage, there will be two sales rounds to be initiated:
1st round: priced 1ETH=1000ARTD; Supply: 400,000ARTD
2nd round, priced 1ETH=550ARTD; Supply: 600,000ARTD
The ARTD listing and ARTD/ETH trading pair will be available on Uniswap once the sale is completed.
Visit the link below for more information:
Website: https://artem.finance/
Twitter: https://twitter.com/Artem_Protocol
Telegram: https://t.me/joinchat/KJT4FhOTB05CkqQRR5GlTQ
Facebook: https://www.facebook.com/ArtemFinance
NFT Claiming: https://artdeco.artem.finance
Author: dassfor
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2690501
Bitcointalk Proof Link: https://bitcointalk.org/index.php?topic=5291124.msg55697824#msg55697824