The AES Tokens

The coin created and offered by Artis Aes is the AES token and is an Ethereum-based token of value. The token is a digital asset, bearing value by itself based on its underlying assets, properties and/or associated rights.

ERC20 standard was chosen to ensure the upmost compatibility to form, and quickly execute partnerships with both exchanges, and other companies down the road as this project continues to seek out ways to offer value added features to its users and the community as a whole. It has been designed with 18 decimal places to comply with the encouraged but not compulsatory standard for ERC20 tokens.

The AES token creation will be limited to 100 million token coins, this amount of coins reflects strategic calculations to support, first and foremost, the ideal scale of the trading platform where it performs optimally in respect to volume of managed assets. This ensures that the scale of managed capital will always remain within the optimal ratio relative to overall market cap to continue producing quoted returns to users. The number of tokens also included calculations to achieve the dispersal to what we consider an ideal sized user base, allowing for the coins to be traded at exchanges and kept in circulation with an initial value that would promote wide spread and adoption of the token. The low cost of entry along with the necessity of the coin to participate in the features of Artis Aes is intended to first drive large user base implementation while also maintaining initial and expanding demand for the token.

Ethereum-based tokens rely on a well-established Ethereum infrastructure, benefiting from several advantages:

  • Security and predictability (as opposed to, for example, having to run an independent blockchain network).
  • Use of robust and well-supported clients (Ethereum-based tokens can be managed with official Ethereum clients).
  • High liquidity (interchangeable with other Ethereum-based tokens or Ether), easier listing on exchanges with infrastructure already in place.

More detailed info about the ERC20 standard can be obtained from: https://eips.ethereum.org/EIPS/eip-20.

All coins allotted for the pre-ICO (initial coin offering), a total of 2 million, the ICO, a total of 10 million, and SCO (secondary coin offering), a total of 40 million, that are not sold during the coin offering actions, will be temporaly removed from the total available supply. 38% of the total supply will be owned by Artis Aes in the company wallet, which will be used for future project capital and liquidity and the bounty program (around 1% or less of the total supply and not more than 6% of the total sold). The remaining 10% of tokens will be in a separate vault wallet to act as reserves for paying the consultants and partners effort.

Following the completion and closing of each coin offering phase (ICO and SCO), there will be an audit activity. During this time, all purchases and balances of AES tokens in Artis Aes hosted wallets will be reconciled and checked for accuracy.

While users will be able to view their AES token balance in their Artis Aes hosted wallet shortly after ICO and SCO until the completion of the above-mentioned audit period. The next step will be the dispersion period. Dispersion of coin offering purchased AES tokens works as follows; the Artis Aes hosted wallets will go live for use by the wallet owner at the start of this phase. Once the wallets are live, Artis Aes will accept the exchange of the AES tokens after the SCO and the users will be able to leave the AES tokens in their wallet or exchanged. As exchanges begin to accept AES tokens all users will be notified.

 

More in this category: « Crowdsale phases Bounty program »

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The portal

ARTIS AES is the first portal that offers at the same time consulting, brokerage and buying and selling services in the art world.

Therefore we offer special services for identifying investment opportunities in the art world, with the aim of guaranteeing the right price for the artwork to buyers and sellers.

 

 

ARTIS AES LTD - 20-22 Wenlock Road N1 7GU - London - England - ©2018 - All Rights Reserved.

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