$ASCII — Bringing ASCII Digital Art to the Ethereum Blockchain

ASCII Digital
3 min readOct 10, 2020

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Courtesy of Martin Krzywinski

The launch of $MEME and $ROPE kickstarted a new era of NFT farming. Token holders can stake native tokens or LP tokens and accumulate points to redeem rare crypto meme collectibles. They are a major innovation that bridges the gap between DeFi and NFT niches.

However, this space lacks coordinated efforts in promoting non-meme and timeless digital art.

We aim to promote and preserve ASCII digital art by bringing them to the Ethereum blockchain and encouraging the ownership of digital art. We hereby present the ASCII Digital Art collection, an NFT collection that bootstraps on-chain ASCII art and unites a community of ASCII digital art enthusiasts.

ASCII was the first widely-adopted code for digital communication. It encodes 128 (later extended to 256) specified characters into 7-bit (later to 8-bit) numbers. ASCII art or text art refers to art pieces formed out of characters available in the ASCII standard.

((((DO SOMETHING!) SMALL) USEFUL) NOW!)

$ASCII

The $ASCII token will play a crucial role in our ecosystem. Its utility includes

  • Mining ASCII art NFTs
  • Place bids on NFT auction
  • Governance
  • Proxy price floor of the treasury

Initial Token Distribution

The total token supply is 65,536 with no inflation.

  • 50% Presale + Uniswap Initial Liquidity
  • 25% Artists’ Royalty
  • 12.5% Team
  • 12.5% Marketing

Presale is NOT live. Follow us on Twitter, Discord or Telegram for the latest information.

We will constantly seek collaboration with artists and community members who produce high-quality ASCII art pieces for our collection. We have allocated 25% of $ASCII tokens to ensure they are appropriately compensated.

If you would like to have your ASCII art minted as part of our collection, please get in touch.

Roadmap

Chapter 0 — Genesis

Users can stake $ASCII tokens (“pool 1”) and/or ASCII/ETH UNI-V2 LP tokens (“pool 2”)to earn non-tradeable $OCTET tokens. $OCTET can be spent to redeem genesis NFTs.

The first wave of genesis NFTs available for mining at launch will be the “printable set”. The printable collectibles represent 95 ASCII-supported printable characters in forms of ASCII art. There will only be 433 pieces minted from this set, and they will have a utility in future NFT mining.

Chapter 1 — Control

We will then release the next mineable NFT set called the “control set”. These rare collectibles represent 33 control characters from NULL to DEL in forms of ASCII art. They will also play a crucial role in future NFT mining. There will only be 33 pieces minted from this set.

We will also collaborate with artists and community members to create different kinds of ASCII NFTs. These NFTs will be added to the mining pools from time to time.

Chapter 2— Revolution

La Révolution! Off-chain governance will be implemented using Snapshot Page.

We will also auction some rare NFTs. A part of the profit goes to the creators, and a part will be used to buy back $ASCII token from the market. The exact implementation is subject to governance approval.

Chapter 3— Annexation

We will expand our territory by minting NFTs that represent extended ASCII characters, with the possibility of tapping into the Unicode domain. They can be redeemed in a new mining pool.

Previously minted genesis NFTs will act as boosters in the new pool.

Chapter 4 —Exchequer

$ASCII token only has a short-term utility so far. Once mining pools run out of mintable NFTs, the token would have little utility.

Here comes the community-owned treasury that possesses digital art pieces and other crypto collectibles. After the treasury is established, at least one copy of most NFTs freshly minted from the ASCII Digital Art collection will be sent to the treasury.

This incentivizes the community to choose high-quality art pieces to mint. $ASCII token will therefore have a proxy price floor derived from the value of collectibles owned by the treasury.

Credit

Thank you $MEME and $ROPE devs for inspiring us.
Thank you Martin Krzywinski for his scientific analysis on ASCII art.
Thank you Bob Bemer for everything.

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