The ArtsCoin Network seeks to eliminate the points of failure in existing art funds - such as: illiquidity, time-stamped sell pressure, purchase bias and other inherent vice afflicting traditional art funds. It also will establish a Blockchain based ART Network whereby lovers of art can participate in the art-world in ways never before imagined!  

ArtsCoin (ART ) proposes an Ethereum-standard asset-backed 'initial coin offering' (or ICO). The art-backed tokens (ART) will have an initial face value cost equal to $1 with a maximum cap of 100,000,000 tokens. A token will represent ownership of $1 worth of the physical ART. The ART will be securely held in one or more suitably tailored locations. The offering will be pre-seeded with hundreds of works of art by listed artists (via founder/investor funds) - generally from the Modern American Art Genre of the 1930’s – 1960’s (some artwork exceptions might apply). New ART tokens will be minted commensurate to the future purchase of artworks. Network ART token shareholders will receive a portion of the generated profit of the ART network. Additional shared profit to the ART network can be realized by user generated transaction fees on the ART Network and by other art sale/re-investment means.

Founder Bonus/Operating/management/development/foundation expenses shall be funded with a minimalist reserve of ART’s ICO tokens. Founders/Pre-Ico Investors will be given a 1 token-for-dollar exchange for pre-seed/ico artworks accepted by the ART Network on at cost basis price or current wholesale market value price (plus small early adopter/investor bonus) only – meaning other than a fair early adopter/investor bonus - no inflated value add to seeded artworks will be tolerated. Each pre-ICO founder/Investor token will represent ownership of $1 worth of the physical ART – just as with those related to the ICO released tokens

ART’s P2P Network voting system will be largely based on a “liquid democracy” model. A defensive token buyback provision can enable ArtsCoin Founders/Investors to optionally/preferably purchase open-market tokens in the event that their market value falls below ART Tokens net asset value / cost basis.

ICO Funds raised will be used for follow-up investments. The fund generally seeks to invest in up-and-coming Mid-Century Modern American Masters, early American Modernism, Post-War Art, Contemporary Art, Second Generation American Abstract Expressionists, Early American Surrealists, New York School Artists of the Mid-Century and the like. Various artistic disciplines such as sculpture, paintings, modernist jewelry will be considered.  

A bold multi-year coding project related to ArtsCoin (ART) – one  nearly completed - has been dedicated to the first investible art index for beginner, intermediate, and advanced ART collectors/investors of all genres of art. It is envisioned that indexed artists will be tracked by the fund based on the unique forecasting algorithms exploited by the ArtsCoin platform. The ArtsCoin Network exploits a support platform called ArtEphant. The ArtEphant UI facilitates ArtsCoin Network collectors/investors and others to customize in-depth analytics on all vested artists (and others). The ArtsCoin platform will be the most powerful ART analytic tool available to the general public in today's ART market. The Network platform will also be host to art galleries, art Institutions, art funds, art experts and other like-minded parties. Network fees derived from use of the ArtEphant support platform will be shared with ArtsCoin Network Token Holders as well.      

Token ICO Participants / founders / Investors would be limited to those Accredited/Sophisticated Investors as defined by Rule 506 of Regulation D. “the private offering exemption of Section 4(a)(2) of the Securities Act.

Ultimately we seek to take the "Best Blockchain Practice" approach to any launch of a potential Art Network ICO - to this end the project will evolve as new technologies are explored. This loosely worded "informational memorandum" is only an outline of very general intent and not a solicitation for investors.  

We look forward to community response/input.

ArtsCoin (ART) Network.

ArtsCoin (ART ) proposes an Ethereum-based asset-backed 'initial coin offering' (or ICO). The art-backed tokens (ART) will have an initial face value cost equal to $1 with a maximum cap of 100,000,000 tokens. Token will represent ownership of $1 worth of the physical ART. The ART will be securely held in one or more suitably tailored locations. The offering will be pre-seeded with hundreds of works of art by listed artists (via founder/investor funds) - generally from the Modern American Art Genre of the 1930’s – 1960’s (some artwork exceptions might apply). New ART tokens will be minted commensurate to the future purchase of artworks. Network ART token shareholders will receive a portion of the generated profit of the ART network. Additional shared profit to the ART network can be realized by user generated transaction fees on the ART Network and by other means.

Any direction for incorporating a blockchain based customer rewards/loyalty program with an online business would be much appreciated. Cheers, ArtsCoin (ART)