Crypto art is (usually) digital art on the blockchain, gaining the “crypto” moniker from the cryptographic elements related to blockchain technology.

If that sentence sounded like a bunch of jargony mumbo-jumbo and threw you for a whirl, don’t fret– we’ll break down crypto art and tie everything back together in this simple guide.

Enter the Blockchain:
The blockchain is a permanent, immutable, transparent, and decentralized ledger that can be accessed from anywhere in the world. Think of it like a gigantic spreadsheet where anyone can request to add information. This information, however, will only be added if specific criteria are met. =

The database is updated by people around the world, who use specialized computers (referred to as miners) to verify the pending information to be added. It’s nearly impossible to add false information.

What the Blockchain Means for Crypto Art:
Since you can’t add false information on the blockchain, you can’t add unauthorized reproductions of crypto art.

You can verify who owns what immediately.

Think of it this way. In the “real” world, if you wanted to buy a Picasso, you would need a fine art expert with a deep understanding of Picasso’s work, the history of the piece, and, if available, the collector’s relationship to it.

In the cryptocurrency world, the blockchain does this automatically. It doesn’t even need to open up the digital file to “see” what the piece of crypto art is.

The blockchain stores the art piece’s history, ownership, and other relevant information described as soon as it’s added. The art is represented by a token, called an NFT.

Enter the “Token”
A token is the name given to digital assets that don’t use their own blockchain, but rather use the blockchain of someone else.

There are a few platforms, such as Ethereum, that were created to allow other projects to use its blockchain. In doing so, Ethereum has fostered the development of a community of innovators building a wide variety of blockchain-based projects and applications– all of which simply needed to build “on top” of Ethereum’s blockchain rather than their own.

You can think of Ethereum as an iPhone and the various projects using Ethereum’s blockchain as apps on that iPhone.

Now, to use Ethereum’s blockchain as a third-party token, you must meet specific token standards which

SUGAR FACTORY is a team of dedicated people who are passionate about Arts and Crypto. with mainstream adoption of cryptocurrencies (NFT Boom, Crypto Art, Meme Tokens), it is clear that the market has been overloaded with new investors, who have limited or no market knowledge. weintends to provide every detail of all information and transactions that will occur on our network, this is to ensure the safety of our community.

We want to lead the transition between entertainment and new technology by creating a positive impact and enlarging our list of artists who want to continue to be successful.

Our team of producers and designers are ready to work with the community by analyzing the best creators in our network. we look forward to your collaboration at SugarFactoryBsc. Our primary goal is to have a strong and vibrant community, who experience their trust and appreciation for their talents.

We want to lead the transition between entertainment and new technologies by creating a positive impact and enlarge our roster with artists who want to create success along the way. Our team of producers and designers are ready to work with the community by analyzing the best creators within our network. We are looking forward to your collaboration on SugarFactoryBsc. Our main goal is to gain a strong and eager community, who is experiencing trust and appreciation in their talent.

Burn Mechanism Phase 0 "The Oven"

A&G- 0.01/0.0: 3%: weekly burn
Weekly Burn: 0.1/0.2%: Supply
Fair Launch Burn: 26%: Supply

PRESALE

LOCKER: 60.0
POOL: 26.0
TEAM: 14.0

TOKENOMICS

LP: 4.5
HODLERS: 3.5
DEV: 2.0

Token attributes

Symbol: SGFuel
Token Type: ERC20
Name: SuGarFuel Token
Number of Decimals: 18
Total 5 rows

Token transfer statistics

Transfer Count: 3
Uniq Senders: 3
Uniq Receivers: 3
Total Amount: 24260000000 SGFuel
Median Transfer Amount: 10000000000 SGFuel
Average Transfer Amount: 8086666666.666667

SGFuel

First transfer date: 2021-05-16
Last transfer date: 2021-05-27
Days token transfered: 2
Total 9 rows

Roadmap Release

Based on our staking and reward projections, we will allocate a fair amount of tokens on staking rewards. This will incentivize stakers to hold their tokens during the early stage of the Sugar Factory development. In addition more features will be launched and revealed with the release of our Roadmap.

OFFICIAL LINK:

WEBSITE:https://sugarfactorybsc.io/
TWITTER:https://twitter.com/SugarFactoryBSC
YOUTUBE:https://www.youtube.com/channel/UC5gbeCSS18UsmroJg8C9FEQ
TELEGRAM GROUP:https://t.me/SugarFactoryBsc
WHITEPAPER:https://sugarfactorybsc.io/whitepaper
REDDIT:https://www.reddit.com/user/SugarFactoryBSC
INSTAGRAM:https://www.instagram.com/sugarfactorybsc/

Proof Of Author

➡️Bitcointalk Username: P5GCMX
➡️Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=2749544
➡️BSC Wallet: 0xd8Ff316DF1fA2b4993eF205EfB252C7573F75ad1