ALL PUBLIC ART REVIEW
The Online Art Industry is exploding annually at a rate of over 20% and now with blockchain technology able to streamline businesses without the need of third parties, THE ADA PLATFORM is helping to alleviate the problem of counterfeiting and corruption in this much plagued by these problems, business sector. Now both Art Collectors and Artists can collaborate on a platform that has been in OPEN BETA operation since 2015, without the need of any middle man in a decentralized environment.
The fundamentals of the APA platform will allow both for the privacy of the parties concerned to interact with each other but at the same time the genuine I.Ds of the Artists will need to be uploaded so no fake art is sold and also the smart contracts allow for a sustainable interaction and transparency on the blockchain ledger through the APA digital currency token that can be used on the platform not only for purchasing art but will also be used for patronage of your favorite artists. You will able to donate tokens as tips to those artists you are following and like! The APA token will be a utility token allowing for easy liquidity in this hot niche market. Another great aspect of the platform is the fact that buyers are also protected as their funds remain in an escrow account until they prove that they have received the items they have paid for. All the process will protect both the buyer and the seller in a streamlined and simplified transaction and recording process, aligned with security and simplicity features. There is a lot more details to read in the Whitepaper and there is also a synopsis ONE PAGER.
APA TOKEN SALE
To kick off the the utilization of the APA TOKEN. There will be an ICO commencing shortly where investors can back and participate in this project from the ground up by buying up APA tokens in the token sale.
Here are the details regarding the PRE SALE and MAIN SALE dates for your diaries:
APA MAXIMUM TOKEN SUPPLY: 800 million APA TOKENS
400 Million APA Tokens will be offered up for sale in the pre ico and ico at a total value of 30 million USD. If by the end of the token sale all 400 million tokens are not sold, the unsold tokens will be burnt to reduce the supply and reflect accordingly.
The other 400 million APA tokens will be minted after the ICO and they will be allocated accordingly:
38% of APA tokens will be set aside for the APA TEAM and ADVISORY board.
60% of the APA TOKENS will be set aside for incentives that will be derived on the APA PLATFORM, strategic partnerships and alliances and other incentives during phase 2. These tokens will be locked up and not for sale on the market for at least 12 months after the end of the token sale as to not dilute the market so early on in its infancy.
2% of the APA tokens will be used as sales initiatives.
APA TOKEN PRESALE
PRE-SALE DATES: 15th January 2018 – 21 January 2018
$15 worth of ETH minimum for Artists 25%
$10.5k worth of ETH 25%
$30k worth of ETH 30%
$150k worth of ETH 35%
$300k worth of ETH 40%
The maximum amount of tokens one can buy in the Pre-sale is 16,666,666.7 which equate to $1,250,000 USD value of ETH
MAIN ICO DATES:
ICO begins on the 23rd January 2017 and concludes on the 18th of February 2018.
Here is the bonus structure for the main ICO:
In the 1st Week investors will receive 20%
In the 2nd Week you will get 15%
In the 3rd Week the bonus is 10%
In the 4th Week there is no bonus.
If you want to gather more information on this wonderful project to do your own due diligence why not check out the links below and get in tucked in?