Tokenisation of the project All Of Art

Hello friends,

We continue to publish full information about our forthcoming tokensale. Today we will tell you about the process of selling tokens, publish terms of sale, softcup and hardcup. And we will provide you information about the technologies, that we will use to create our tokens.

Tokenisation of the project All Of Art General regulations about AllOfArt token

1. AllOfArt token is a digital token on the Waves platform;

2. AllOfArt token is an utility token. This product is not a digital currency, security, commodity or any other type of financial instrument and has not been registered under securities laws of any state of the United States or securities laws of any other country, including securities laws of any jurisdiction, in which the potential owner of Token is a resident.

3. AllOfArt token is not intended for sale or use in any jurisdiction where the sale or use of digital tokens may be prohibited.

4. AllOfArt token does not give any other rights in any form, including but not limited to ownership, distribution, redemption, liquidation, acquisition of property (including all forms of intellectual property) or other financial or legal rights, except those specifically described in this document.

5. Issue of tokens is made once in the maximum amount of 20 millions

6. Nominal value of AllOfArt token is $1;

7. Limited pre-placement of the token will occur during the pre-sale of tokens in the first half of 2018;

8. AllOfArt tokens placed during the pre-sale will be sold with a 20% discount, at a price of $ 0.8;

9. The total number of tokens for sale will be 14 millions.

10. Another 30% is added from the reserved balance of the issued tokens and distributed as follows:

a. 25% — to the team, founders, project advisers and early tokens buyers;

b. 5% — reward for the results of the bounty campaign;

11. 70% of the tokens accrued to the founders shall have delayed possibility of withdrawal for 9 months or until the launch of the public beta of the All Of Art platform, if it occurs earlier;

12. Repeated and additional issue of the tokens is not allowed by the terms of the creations tokens on Waves platform;

13. Unsold and unallocated tokens will be destroyed immediately after the end of the campaign;

14. AllOfArt tokens holders will be able to forward, receive and store them in Waves platform.

How AllOfArt tokens work for All Of Art Tokenisation of the All Of Art platform is necessary, as a key part of the future infrastructure. AllOfArt tokens will be an important part of the platform’s work from the very start of its activities.

In the early stages tokens will perform a number of key functions:

• The authors will be able to pay for the services of All Of Art, first of all — for the promotion on the site: o to have priority to be shown in search engines, o For banners and contextual advertising, o For user surveys, etc.;

• Provide access to limited paintings. This function will give authors of art pieces the option “to show artwork only to owners of AllOfArt token”. Thus, artists will be able to launch exclusive paintings aimed at a limited audience for marketing purposes or to produce trial works in a new genre, receiving a feedback from the most loyal part of the audience;

• Owners of AllOfArt token will have access to the information not only about the pictures and about the authors presented on the site, but also about the list of artists who are under verification and even about those who got into the “trash” (about those who did not become an All of Art member). This information will be usefull for art journalists, or for art fans who are interested in the art works of the future as well as in contemporary ones.

AllOfArt tokens selling conditions

AllOfArt tokens selling procedure AllOfArt tokens selling is a crowdfunding campaign, starting in the first half of 2018, during which funds will be collected for the launch, filling and promotion of the All Of Art site, as well as to develop and test the mechanisms for decentralized control of all aspects of the platform’s functions, which will be realized later by the artists.

1. Fund-raising during crowdsale will be realized through the limited sale of special digital AllOfArt tokens;
2. The sale of tokens will take place in a closed format: only users who have been preregistered on the official website of the project will be allowed to purchase AllOfArt tokens;
3. AllOfArt tokens will be sold until the maximum amount is reached, but not more than four months;
4. 70% of the whole amount of the issued AllOfArt tokens will be on sold — it’s 14 million tokens, which makes the maximum amount possible $14 million;
5. Tokens bought during the campaign will be credited immediately after the payment is received;
6. Following crypto-currencies will be accepted for payment: Waves, Bitcoin, Ethereum, Litecoin, Zcash;
7. An All Of Art crowdfunding campaign will be considered as successful if it raises more than $2 million;
8. In case of failing to do so, all the payments of the crowdfunding campaign members will be refunded to their wallets;
9. After the campaign is finished, the tokens sold will be taken as 70%, then additional 25% of the founders and the team and 5% of bounty will be credited.

The distribution of AllOfArt tokens

• The tokens sold during crowdsale are taken for 70%;
• Additionally, 25% of tokens are issued for the founders, councilors and key members of All of Art crowdfunding campaign;
• 5% of tokens are emitted additionally as a reward to the bounty who supported the project on a preselling and selling stages;
• The remaining unclaimed AllOfArt tokens will be destroyed.