ArtChain review

levanisvan (-1)(1)in #artchain • 6 years ago

Good afternoon, my dear crypto-enthusiasts, and today I want to tell you about the wonderful and promising ArtChain and its advantages.

About ArtChain

Everyone knows that at present the world of art is not transparent. Constantly there is a violation of the rights and freedoms of representatives of various layers and directions of the art industry. Especially in recent times a large number of illegal copies and fakes. Because of this, not only the authors of the works, but also the investors who purchase them, suffer everywhere.

Counterfeits cost investors hundreds of millions of dollars every year. Modern software ArtCoin, designed to authenticate images, eliminates the risk of fraud and prevents counterfeiting. Due to the unique imprint of each work of art that is registered on the blockchain, as well as its origin and history, the art industry now has a perfect level of transparency and security.

ArtCoin, by guiding users through cryptocurrency transactions, allows investors to benefit from increased security and transparency in Smart Contracts. ArtCoin collects information to which ordinary investors do not have access, while democratizing the art market and acting as a link between investors and the art industry.

What is the basis of the technology project ArtCoin? First of all, it is reliable software that authenticates the image. Each image will have a unique digital footprint. By scanning and comparing the most accurate textural details and storing them in the blockchain, the ArtCoin software makes the artwork unique and unworkable. The program will accurately determine the fakes and copies, no matter how complex they are.

ArtCoin intends to cover all areas of the art industry. Their authentication methods are fully suitable for both individual collectors and large organizations. Very simple and quick status reports and the process itself can be easily monitored. Based on these reports, it is easy to provide data for insurance and logistics companies. Due to this, individual artists can finally get financial benefits from the resale of works of their art.

The platform supports blockchain-based directories. The platform based on the blockchain and built on profiles protected from unauthorized access creates special directories where there will be information about the origin of the work of art, its history and even digital fingerprints.

Features and benefits

It is important to note that all the main functions will be performed by the ARTCOIN application, which is easily and quickly installed on any smartphone. But to make it more clear how it all works, let's look at a good example.

Let's say in front of you hangs the painting “Sunflowers” by Vincent van Gogh. You open the application with a flick of your hand and scan this work, then the system requests your fingerprint in order to create biometric authentication, both for further use and to prove your life. After the first two actions have been committed, the data obtained by means of a smart contract fall into the cloud storage created on the blockchain.

Meanwhile, the data obtained are supported by your birth certificates and other personal documents, which form a DNA scan. All this is assigned to each subsequent object of art. The ARTCOIN role is to support, deep analysis and scan your obtained image, as well as verifying its authenticity.

All this is done thanks to special methods that previously required too much time, effort and money. Now it can be done much easier, and most importantly faster and safer, excluding any human factor and the possibility of error. As soon as the object confirms its original status, an additional passport of the object is created, where all the important components about the time, place of registration, the current user and other important points that form the passport of the art object are registered. In addition, this document is supported by a number of supporting protocols which record information about the origin of the object, the data of its owner and the final insurance Protocol protecting the subject from a copy.

At first glance, it may seem that this is nothing special, but the developers claim that such a method is still able to fulfill all its obligations and protect both sides, both the owner and the buyer from some force majeure. At the same time, to guarantee the owner or author of the work his full fee for each subsequent resale of his art object.

The details of the ICO

The coins of the current project have their own responsible mission, which will ensure not only the verification of a particular fine art, but also to ensure the safety of all transactions within ARTCOIN. In simple terms, the value of the tokens will be supported by the pricelessness of the works of art themselves.

The coin itself is developed on the basis of the Ethereum blockchain (ERC20) and has the name – ARS. This token is a utility token, which symbolizes that part of the coins will be disposed of from time to time or burn at the request of the developers. All this will happen only in order to increase the benefit and value of the coin itself.

The number of coins will be limited to 30 billion pieces. The initial cost of which will be equal to $0.01 for 1 ARS. In total, the founders of the development of their project intend to collect Hard Cap in the amount of 100 million us dollars. Which I think is very ambitious. But according to the team of founders, this is nothing compared to the global turnover of the art market, which for a moment is 64 billion US dollars and it is only for 2017.

The distribution of funds is as follows:

The roadmap will prompt investors when you can expect an increase in the price of tokens.

STAGE 1

Tokens go on sale at a price of $ 0.01, by invitation only. The sale will last until March 15, 2019.

Only initial investors who are in close contact with ArtCoin can acquire Stage 1 tokens. These investors are involved in the project at the initial stage, and have contributed to the initial formation of the company's work. The invitation to the original offer of tokens at the lowest possible price is a reward in appreciation for their contribution.

STAGE 2

Tokens will go on sale for $ 0.03.

Beginning in April 2019.

This is the lowest possible price for investors who did not participate in the proposal in the first stage. They will get the most out of their investments, and this is the perfect time to shop in large quantities.

STAGE 3

The third stage of the PRE-ICO begins in May 2019. The tokens go on sale at a price of $ 0.05. This is the golden mean for those investors who prefer to ensure the success of ICO, but do not want to wait for a public sale, because they want to earn at higher bonuses.

STAGE 4

ICO - tokens will go on sale at a price of $ 0.10

Starting in September 2019. Thegeneral public has access to the tokens during this public sale. Support is growing, development is moving forward, and the company hopes for a large influx of investors. The ArtCoin application will be launched, the first works of art will be recorded on the blockchain. After ICO, tokens will be listed on cryptocurrency exchanges.

Conclusion
As a person far from art, it is difficult for me to give an objective assessment of this project, as I am not personally familiar with all the existing problems in this area. But the people working in it and the people for whom this area is part of their profession will be happy to see such a resource. Moreover, ARTCOIN allows you to simultaneously solve a number of problems and make this area better and safer for the owner or founder of art, and for its future buyer. Therefore, I dare to assume that this project will resonate with its target audience, for which art is something more than just another art object.

Links to which you can find more information about the project and its features, I attach at the end of my review. Moreover, you can ask any question on the official website of the project, and in their telegram chat. And that's it, until next time!

WEBSITE: https://artcoin.ai
TELEGRAM: https://t.me/artcoinai
WHITEPAPER: https://artcoin.ai/mt-content/uploads/2018/11/whitepaper_oct.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5094737
FACEBOOK: https://www.facebook.com/artchain.ai20
TWITTER: https://twitter.com/Artcoinai
MEDIUM: https://medium.com/@artchainai
REDDIT: https://www.reddit.com/user/Art-coinAI
LINKEDIN: https://www.linkedin.com/company/artchain-ai/
INSTAGRAM: https://www.instagram.com/artcoin.ai/
PINTEREST: https://www.pinterest.ca/artchain20/pins/
VIMEO: https://vimeo.com/channels/artcoin
YOUTUBE: https://www.youtube.com/channel/UCwVqhxQgTiBiVxKr1USyYIg
GITHUB: https://medium.com/@artchainai