AMA RECAP : CRYPTO CHALLENGERS x COART
Venue : CRYPTO CHALLENGERS
Date :09 SEPT 2021
Time : 11:00 PM UTC.
Guest : Alex Grigorjev
They shared detailed information and his opinions about the project COART.
🔴 SEGMENT 1 INTRODUCTION
1. Could you Guys please provide a quick self-introduction for the community?
So first of all - my name is Alex! I`m a Partner and the Chief Marketing Officer of the CoArt platform. We have a team with a strong background: Trade of Art assets 10+years, Art-dealers 10+years experience, Blockchain Architecture, Mathematical algorithms for Art object evaluation.
And it is only the tip of the iceberg of our competencies! All in all, we are a fully build team with a lot of experience in the management of different projects and companies. All of the team members are on the website, you can check us out on LinkedIn!
2.Can you briefly introduce the project CoArt what are some of utlities of $CAV ? How do you think you stand out among the competitors if there are any?
Sure! CoArt is an NFT Marketplace for both: Traditional and Digital Art objects with a unique fractional ownership mechanism. And CoArt VR Space to exhibit/showcase the NFTs in the virtual reality space. Also, we provide new instruments for the Art market participants to operate in the market. We have developed an innovative decentralized art consultation (DAC) module. It allows getting the trending value chart for Art objects as investment assets.
The fractional ownership mechanism can be used for such big NFTs like CryptoPunks - this allows us to create a secondary market for them. And provide a new pump of price 🙂
3. Can you share the achievements the team has made so far ? what are the major achievement target CoArt is yet to achieve . If possible also share your roadmap.
The achievements are great! We are working on this project for more then 3 years. Had a lot of things to consider, a lot of things to perceive. And now we are here announcing ourselves with: 1) Developed VR Space - launch next week. 2)Developed Marketplace - the Alpha version will be available after the Whitelist sale 3) The whitelist contract is deployed - today will be sending the first Whitelist sale invites. We are creating an easy and user-friendly way to invest in our website. After that, we plan to launch on DAOMaker/IFO/BSCPad - applied on all of those, waiting for the answer.
4) Could you share a bit about security and also what benefits you provide to incentives user’s choosing your platform?
Sure. Security - all of you guys heard about Certik and other token audits. We come into the market with a team that does these audits. We have the strongest blockchain team in Lithuania. That works with Nasdaq Baltic, Central Bank of Lithuania
Right now for we are conducting a Whitelist private sale. Early Whitelisted investors, can purchase CAV tokens for the best price and hold on to them for the time when we provide the opportunity to buy their VR Space in our CoArt VR Metaverse. Then when we launch the VR Space, they can exchange their tokens for a VR Showroom. And there showcase NFTs, rent the VR showroom or sell it. Or, just sell the CAV tokens, for people, after the TGE who would like to buy our VR Showroom. So, you can hold CAV Tokens, and buy VR Space - then rent it or sell or exhibit NFTs in the VR Metaverse. Or, you can sell it on pancake after the launch, for people who want to get the VR Space. Anyway, you make a good profit out of it. You can participate in the Whitelisting by filling the google form: https://forms.gle/dMMe61fcqgQ44bkr6
5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution
Total Supply - 90 000 000 CAV
Angel round 7% - 3% release in 3 month after cliff, 47% after 9 months, 50% after 18months.
Pre-sale via Whitelist 7.5% 6 750 000 50%release after TGE, 50% after 3 months (max allocation 5BNB).
Public round via DAOMaker or IFO or BSCPad or DXSale - 12.5% - 100% release after TGE.
Staking pool included rewards - 12% - released continuously after
Company reserve (included burns) - 25%, 3 months lock (can be burned if needed) 2% per month thereafter.
Liquidity pool 15% - included market-making funds
Ecosystem and community development fund - 9% - 10% release in 1 month after TGE; 10% per month thereafter.
Team allocation and Advisors - 12% 4% release in 3 months after TGE; 3 quarterly installments after 6-months cliff for 96%.
Thats the detailed tokenomics, if you dont understand what that is - go to our channel and we’ll explain everything.
🟢 SEGMENT 2 TELEGRAM LIVE
NFT is getting more popular now a days. It looks NFT has bright future. So do you guies have any plan to include NFT to your project?
Well, our project is mainly NFTs for both traditional and digital art objects. More then than that we have created our own unique NFT standart on Symbol blockchain, it allows us to get lower trasnaction fees. And, also it provides us an opportunity for fractional ownership of NFT. Meanining that you can divide the existing NFT into fractions and sell them on secondary market 🙂
How do you deal with pump and dump investors who just buy and sell regardless of the technology behind it? In other words: how do you plan to gain the trust of all kinds of investors?
We are intelligent team, we have a marketmakers funds for that - that’s 1). Second thing is that, we have whales for the support. Right now we provide people an opportunity to get whitelisted, so that retail investors could grab their piece as well. And ofcouse we will need holders for listing on binance, etc.
Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some reasons why they should buy and hold your token in the long term?
Yes we do, I really love this question because the market right now is quite the way you wrote. So, what we provide here is the VR Space for artists that allow them to exhibit their Art objects in NFTs there. So, basically what we are doing is creating the the platform for not not only investors, but for artists to showcase, create and sell their NFTs. They collectors, art-dealers and artists are our main group of focus. So, by using the platform it will make it grow itself. What we create here right now to get early retail investors a train to hop in, while we will market our campaign on the artists and collectors who are not from crypto space.
Do you have a AUDIT certificates? or, are you working to AUDIT your project, to make it more secure and reliable???
Our blockchain team can provides audits for other projects 😊
Like I meantioned before, our blockchain team works with Nasdaq Baltic and Central Bank of Lithuania. So, they are the ones that do audits - and the contract is availalable, anyone can check it 🙂
How can I buy this tokens? Is it available on any exchange?
Right now we are having a Whitelist sale. So, you can join by filling the google form : https://forms.gle/dMMe61fcqgQ44bkr6
You can get the possible deal right now. We will launch the token on IFO or DAOMaker or BSCPad afterwards, so that retail investors could feel safe (talking about liquidity).
If you have more questions you an come to our telegram channel (pinned above). And ask them there. Sorry, couldnt answer more due to the policy of AMA. However, if you are willing to ask, I am willing to answer. So come there and we can talk more 😊
Thank you Franklin! It was a pleasure!
It was great to be knowing you all, so if you want to ask more questions feel free to do so!
We are having whitelist sale right now, so go grab your best deal. Ofcourse do your own research before investing!
Thanks to everyone, and have a great day!