[ANN] [ICO] Artcoin - Artcoin.fund Token Sale and Presale - Real Art

[ArtcoinMike]

https://s3.amazonaws.com/artcoin.fund/bitcoin-talk-images/artcoin-logo.png

http://www.artcoin.fund/ | https://www.reddit.com/r/ArtCoinFund/ | https://twitter.com/artcoinfund

What is Artcoin About?

Artcoin is a value token built on the Ethereum network with the purpose of bringing fine art and new art to everyone.  Today, the art market is not accessible.  Artcoin will open access to that market.  Artcoin will be the future of how Art is bought, traded, tracked, accessed, valued, and authenticated.

• With the ICO, we will acquire investment grade work that will appreciate in value
• Your tokens would not only be exchange tradable but could be used to buy work out of the collection for your personal collection
• Our coin supply will only increase to grow the collection and will be offered at progressively more expense rates to insure the interests of token holders are maintained and the value of their tokens grows.
• ONLY works sold through Artcoin can be tracked on the blockchain for authenticity
• A marketplace with allow artists to sell work directly to buyers with Artcoin
• Virtual and Real galleries will provide access to Artcoin holders to view the collection they helped fund

Token Functionality

https://s3.amazonaws.com/artcoin.fund/bitcoin-talk-images/artcoin-token-functionality.png

Distribution of Funds

https://s3.amazonaws.com/artcoin.fund/bitcoin-talk-images/artcoin-sale-summary.png

• 70% of the funds will flow into an escrow account and be spent on investment grade art.  The selection of the art will be a collaboration between our arts council and investment advisory experts and token holders.  Art will be visible virtually and token holders will be able to pay Artcoin to physically acquire the art
• 30% of the funds will go to building the ownership validation, marketplace and digital rights platforms

Team

https://s3.amazonaws.com/artcoin.fund/bitcoin-talk-images/artcoin-founding-team.png

Whitepaper

https://s3.amazonaws.com/artcoin.fund/docs/artcoin-whitepaper.pdf

Roadmap

https://s3.amazonaws.com/artcoin.fund/images/artcoin-roadmap-preview.png

[BigBoy89]

http://www.artcoin.fund/ | https://www.reddit.com/r/ArtCoinFund/ | https://twitter.com/artcoinfund

What is Artcoin About?

Artcoin is a value token built on the Ethereum network with the purpose of bringing fine art and new art to everyone.  Today, the art market is not accessible.  Artcoin will open access to that market.  Artcoin will be the future of how Art is bought, traded, tracked, accessed, valued, and authenticated.

• With the ICO, we will acquire investment grade work that will appreciate in value
• Your tokens would not only be exchange tradable but could be used to buy work out of the collection for your personal collection
• Our coin supply will only increase to grow the collection and will be offered at progressively more expense rates to insure the interests of token holders are maintained and the value of their tokens grows.
• ONLY works sold through Artcoin can be tracked on the blockchain for authenticity
• A marketplace with allow artists to sell work directly to buyers with Artcoin
• Virtual and Real galleries will provide access to Artcoin holders to view the collection they helped fund

Token Functionality

Distribution of Funds

• 70% of the funds will flow into an escrow account and be spent on investment grade art.  The selection of the art will be a collaboration between our arts council and investment advisory experts and token holders.  Art will be visible virtually and token holders will be able to pay Artcoin to physically acquire the art
• 30% of the funds will go to building the ownership validation, marketplace and digital rights platforms

Team

Quoting you for visibility of images.

Today, the art market is not accessible.  Artcoin will open access to that market.

IMO you will find it hard to bring crypto people to fine art.
You are trying to mach a specialized niche with... specialized niche. Narrowing your potential customers.

[ArtcoinMike]

I believe you are very much correct.  The Utility of the coin will be a very special niche.  We hope the Crypto community sees the Economic value in diversifying their coin and token strategies and that the utility of the coin (ie being the purchasing token for appraised and increasingly value work) can produce some balance to tokens and coins with no value at all.  Finally, we hope that this effort can expand the utility of blockchain as a whole and bring all new buyers into the mix.  We would love some feedback and advice around what the cryto community would like to see to strengthen the value proposition for them - please chime in with feedback if you can!

[Cath1y]

noted.any more news?

[anggriani]

I really like art, and this idea is very good. But i do not see the roadmap and whitepaper, can you tell me

[lovethisguy]

How many artcoins will I need to buy The Night Watch by Rembrandt Harmenszoon van Rijn

[ArtcoinMike]

Hi!  The Whitepaper  and the roadmap are on our sale site @ artcoin.fund - or can be found here:
https://s3.amazonaws.com/artcoin.fund/docs/artcoin-whitepaper.pdf


In regards to the Night Watch, if I am not mistaken, it is part of the Rijksmuseum collection.  If the  Rijksmuseum would choose to sell it to us or at auction, we would have to acquire it using funds raised.  Lets say we where to buy it for 20m euro, you would be able to buy it for the artcoin equivalent (the going public exchange rate) - that is assuming you wanted to hang it in your living room.  If we did not buy it but  Rijksmuseum wanted to auction it through our platform,  it would go to the highest bidder (in artcoin regardless of the going rate).  In either case, we would store the ownership record in the blockchain so if someone created a forgery, there would be a public record that only you and you alone own Night Watch.  

You would also be able to buy a digital print for a few artcoin and view it in your gallery.  

That said,  Rijksmuseum will probably not be selling us the Night Watch.  Our arts council and token holders will select, vote and set a willingness to pay for works offered through auction houses, galleries and directly from artists.  (we have reached out to a handful of living artists like Jeff Koons to start the conversations around potentially offering their work through artcoin) - so while the Night Watch may not end up in your house or in the artcoin collection, you can feel confident that the works that do will be of equal economic and cultural value (in terms of relevance and growth)

[KeyMaster]

Interesting project but I have few questions. If for example the art is priced at this x amount of artcoin, exchange happens and artist gets x amount, then suddenly artcoin price at the market goes down, then artist feels his work is devalued? And problem with eth is scaling issue and gas price. Have you considered using waves? Im interested yet curious.

[princehandsome]

Interesting projects because i'm see the team this project pretty good.
i am would like waiting information abaout this new project.
hoppefully this project have very good future to participate in here.

[kthomas]

Interesting project but I have few questions. If for example the art is priced at this x amount of artcoin, exchange happens and artist gets x amount, then suddenly artcoin price at the market goes down, then artist feels his work is devalued? And problem with eth is scaling issue and gas price. Have you considered using waves? Im interested yet curious.

Just because the value of Ether goes down does not mean the value of Artcoin will go down. That is, if the price of the currency is expressed in ART/USD. In the scenario that ETH/USD declines and you wanted to make a trade of ART -> ETH, it will always just take as much ETH as necessary to == that amount in USD. Hopefully that makes sense.

I don't necessarily see Ether's current scaling issues as a long-term challenge to the project.


Disclaimer: I am the technical co-founder of the Artcoin project.

[breaktime]

where is the bounty program Sr? its very promissing this project

[kthomas]

where is the bounty program Sr? its very promissing this project

The smart contract allocates about 4% of the total minted Artcoins at the end of the sale that will be distributed for bounties and to advisors. We haven't published the bounty program yet, formally, but will in the coming days. If you want to get involved now, send a message to OP (ArtcoinMike).

[ArtcoinMike]

@KeyMaster - I think Kyle got it right. I will add that depending on the circumstances, the artist may opt to get compensated in artcoin or have that artcoin converted to a fiat during the sale.  Since the art has an intrinsic value linked to the market and assuming we have an efficient market, his/her work would never be devalued due to currency risk.  If the artist chooses to hold artcoin, he/should would benefit from gains or take the losses from currency fluctuation, at that point, holding artcoin is the same as holding a foreign exchange note and subject to market fluctuations.

[ArtcoinMike]

I really like art, and this idea is very good. But i do not see the roadmap and whitepaper, can you tell me

Hi, here is some more info - we decided on a deck instead of a whitepaper, it is art after all

https://s3.amazonaws.com/artcoin.fund/docs/artcoin-deck.pdf


Also, we have a one page here:

https://s3.amazonaws.com/artcoin.fund/docs/artcoin-one-pager.pdf

[SUN996]

can i reserve for Chinese translate?

[2970566]

china already got a project call '艺术链'

[AltcoinAuthority]

http://www.artcoin.fund/ | https://www.reddit.com/r/ArtCoinFund/ | https://twitter.com/artcoinfund

What is Artcoin About?

Artcoin is a value token built on the Ethereum network with the purpose of bringing fine art and new art to everyone.  Today, the art market is not accessible.  Artcoin will open access to that market.  Artcoin will be the future of how Art is bought, traded, tracked, accessed, valued, and authenticated.

• With the ICO, we will acquire investment grade work that will appreciate in value
• Your tokens would not only be exchange tradable but could be used to buy work out of the collection for your personal collection
• Our coin supply will only increase to grow the collection and will be offered at progressively more expense rates to insure the interests of token holders are maintained and the value of their tokens grows.
• ONLY works sold through Artcoin can be tracked on the blockchain for authenticity
• A marketplace with allow artists to sell work directly to buyers with Artcoin
• Virtual and Real galleries will provide access to Artcoin holders to view the collection they helped fund

Token Functionality

Distribution of Funds

• 70% of the funds will flow into an escrow account and be spent on investment grade art.  The selection of the art will be a collaboration between our arts council and investment advisory experts and token holders.  Art will be visible virtually and token holders will be able to pay Artcoin to physically acquire the art
• 30% of the funds will go to building the ownership validation, marketplace and digital rights platforms

Team

Quoting you for visibility of images.

Today, the art market is not accessible.  Artcoin will open access to that market.

IMO you will find it hard to bring crypto people to fine art.
You are trying to mach a specialized niche with... specialized niche. Narrowing your potential customers.

Why do they need to do an ICO for a project like this? It looks like they are looking for a quick buck instead of trying to get Artists and the such to show their work to the world.

So you are trying to make a Marketplace so people could sell and purchase items through it, people won’t care that much about it since they could already use Bitcoin and other Altcoins instead of using Artcoin.

[ArtcoinMike]

https://s3.amazonaws.com/artcoin.fund/bitcoin-talk-images/artcoin-logo.png

http://www.artcoin.fund/ | https://www.reddit.com/r/ArtCoinFund/ | https://twitter.com/artcoinfund

What is Artcoin About?

Artcoin is a value token built on the Ethereum network with the purpose of bringing fine art and new art to everyone.  Today, the art market is not accessible.  Artcoin will open access to that market.  Artcoin will be the future of how Art is bought, traded, tracked, accessed, valued, and authenticated.

• With the ICO, we will acquire investment grade work that will appreciate in value
• Your tokens would not only be exchange tradable but could be used to buy work out of the collection for your personal collection
• Our coin supply will only increase to grow the collection and will be offered at progressively more expense rates to insure the interests of token holders are maintained and the value of their tokens grows.
• ONLY works sold through Artcoin can be tracked on the blockchain for authenticity
• A marketplace with allow artists to sell work directly to buyers with Artcoin
• Virtual and Real galleries will provide access to Artcoin holders to view the collection they helped fund

Token Functionality

https://s3.amazonaws.com/artcoin.fund/bitcoin-talk-images/artcoin-token-functionality.png

Distribution of Funds

https://s3.amazonaws.com/artcoin.fund/bitcoin-talk-images/artcoin-sale-summary.png

• 70% of the funds will flow into an escrow account and be spent on investment grade art.  The selection of the art will be a collaboration between our arts council and investment advisory experts and token holders.  Art will be visible virtually and token holders will be able to pay Artcoin to physically acquire the art
• 30% of the funds will go to building the ownership validation, marketplace and digital rights platforms

Team

https://s3.amazonaws.com/artcoin.fund/bitcoin-talk-images/artcoin-founding-team.png

Quoting you for visibility of images.

Today, the art market is not accessible.  Artcoin will open access to that market.

IMO you will find it hard to bring crypto people to fine art.
You are trying to mach a specialized niche with... specialized niche. Narrowing your potential customers.

Why do they need to do an ICO for a project like this? It looks like they are looking for a quick buck instead of trying to get Artists and the such to show their work to the world.

So you are trying to make a Marketplace so people could sell and purchase items through it, people won’t care that much about it since they could already use Bitcoin and other Altcoins instead of using Artcoin.

Thank you for your comments, they are very important because they give us an opportunity to explain a incredibly key distinction.
Please read and let me know if you have questions or clarification:

You missed the most important component.  70% of the funds will be directed by our arts council and investment team to purchase investment grade art for a portfolio.  The kind of work we are buying is not the kind of work most people can afford.  You are talking about a marketplace for people who want to feature crafts for their aesthetic and decorative value.  The work we are buying needs to have analysis from an investment perspective to insure it can grow in value.  We will have a marketplace down the line and it is absolutely not something that todays bitcoin or ether can serve.  One of the biggest problems in the art market is verifying authenticity and that will only be possible for works purchased through our marketplace.  The blockchain will record a ledger / ownership record of the origination and transfer of the works insuring they can retain their economic value. 

In the past few years, even great auction houses like Sotheby's have been susceptible to authenticity fraud and ownership rights disputes.  Artcoin will make that a thing of the past, in a 60b/year market, it is long overdue.

For more details on how we get their, please review our roadmap:
https://s3.amazonaws.com/artcoin.fund/images/artcoin-roadmap-preview.png

[gang-pang]

Need more information about this project, such as roadmap...

[ArtcoinMike]

Need more information about this project, such as roadmap...

Please view the roadmap:
https://s3.amazonaws.com/artcoin.fund/bitcoin-talk-images/artcoin-roadmap-preview.png