Rise As OneA new kind of artist, a new kind of future.
The world's first decentralized artist personae powered by Counterparty and backed by Bitcoin.
Scarab is the Token which empowers artists creatively & financially.
Scarab creates a situation where we all want to work together to promote and grow Scarab's
influence because anyone that holds a Scarab Token has an equal share in its holdings and an equal say in its art.
We've been working on Scarab in stealth mode for the last two years and we think it's time to launch our
ICO now that our platform is finished and ready to begin functioning.
Welcome to the future of Art.FAQ
Frequently Asked Questions About Scarab
Rise As Onewww.TheScarabExperiment.orgAn Experimental, Encrypted, Artist, Created by Anyone
How does this work?
You have two options with Scarab outlined below:
1. You purchase Scarab Tokens and hold them for the value and joy that supporting art brings.
2. You create a piece of art which you want to submit to be put under the Scarab Personae Brand. You accomplish this by submitting your artwork on the submission page, after which your submission will be emailed to all listed token holder. After you make a submission you'll have to wait 7 days while our platform sends out emails and the token holders make a decision. You'll need 50% or more of all the listed token holders to approve for a piece of art to qualify.What is Scarab?
Scarab is the world's first cryptocurrency backed Artist. It's a decentralized, transparent, profit sharing, community run artist.
What that means is that Scarab is an artist like Picasso, Warhol, or Davinci but who's works are created by other artist' and curated by the community. While Scarab may be imaginary, digital, and artificial its works are quite real and authentic.
How does Scarab create a work of art?
Scarab creates a work of art when a community member submits an artwork and over 50% of the voting community deems it acceptable as an official Scarab piece. Official Scarab artwork are issued a Scarab seal which are used for its authentication. Scarab will only create 50 works of art before retiring.What does the original artist get for their work?
Every artwork that's accepted as an official Scarab work will be purchased by The Scarab Community for 1,000 Scarab Tokens from the 50,000 token reserve. Also, the artist will directly receive 10% of the sale when the artwork is sold.
Does the original artist lose the rights to their work?
No! The artist retains all rights but also grants The Scarab community the right to use the image for promotions, shows, prints etc. The original artwork also becomes part of The Scarab Community and the original artist will act as the custodian of the artwork until a sale has been made. At which point the art will be shipped to it's new owner. All offers to acquire an artwork must be approved by The Scarab community by another vote of 50% or more.
What are Scarab Tokens?
Scarab Tokens are assets created through CounterParty that hold the value of Scarab. Scarab will be split into only 100,000 whole tokens making each token worth a value of .001% of Scarab's lifetime profit and value. Scarab Tokens use Bitcoins as a store of value and you can view Scarab's current holdings at the Bitcoin address here. This amount is split evenly into all currently issued Scarab Tokens up to the limit of 100,000 Scarab Tokens. All Bitcoins used to purchase Scarab Tokens are put into the shared address and split evenly. All other currency used to purchase Scarab Tokens is converted into Bitcoins and also put into the shared address. Any profit made from fundraising, Token sales, Scarab exhibitions, or from Scarab artwork sales are also put into the Tokens evenly. Who can become Scarab?
Anyone, although artists can get more out of it by submitting artwork.
Why become Scarab?
For Artists becoming a part of Scarab can offer an opportunity to have your work be part of something historical. A first, new kind of artist. Scarab can also offer artists exposure, financial gain, and a community to work within.
For Individuals, Collectors and Investors becoming part of Scarab can offer a chance to be a part of something new and valuable. Economical gain could be tremendous and you can support artists and the arts in the process. Scarab offers a great combination of the arts, finance and technology all in one place.
How do you become Scarab?
You can become Scarab and participate in making the artwork and/or voting by getting at least one Scarab Token.
How do you get Scarab Tokens?
You can now acquire Scarab Tokens by going to our vending machine. Note: You will need a CounterWallet address.
How do you open a CounterWallet Account?
Steps to open your own counterwallet and import your Scarab Tokens that you can hold, trade, or sell:
1. Open a secure cryptowallet by going to https://wallet.counterwallet.io/
2. Click create new wallet, then follow instructions.
Can you sell your Scarab Tokens or buy more?
Yes! If, at any time, you'd like to sell or buy Scarab Tokens you can do so on the CounterWallet.io exchange. Someone must issue a sell order in order for you to buy them or someone must issue a buy order in order for you to sell them. What is the plan for Scarab?
Scarab is completely transparent, including it's plan which you can find here.
UPDATE # 1: Bounties Live!
Submit all bounties through the form @ http://thescarabexperiment.org/bounty.html
Breakdown and details:
Bounty pool total is 3,000 Tokens.
Bounties will continue until the pool is empty.
New bounties may be added as time goes on.
TRANSLATION: 25 Tokens for each approved translation (ANN on bitcointalk.org or Whitepaper). Please check bounty site for reservations already taken.
BLOGS: 50 Tokens for each approved blog. Any blog with The Scarab Experiment as the main focus, make it good.
VIDEOS: 100 Tokens for each ex-plainer video. Any Video with The Scarab Experiment as the main focus, make it awesome..
Bounties will be reviewed individually for quality and accuracy. Any bounty submission not meeting our standards will not receive bounty.
UPDATE # 2: First Scarab Token Available!
The sale of this Token will set the price for the rest of the Tokens, purchase now @ http://coinvend.io/scarab
or wait for the price to set.
Rise As Onewww.TheScarabExperiment.org
An Experimental, Encrypted, Artist, Created by Anyone
all rights reserved © Copyright 2017 The Scarab Experiment