228 Million OWD: Coin Supply And Unit Economics For Online Art Industry

Before kicking off the discussion of art and technology, we are often asked by our friends and shareholders: “why you picked 228 as the number for the token supply?” We want to write this article to talk a bit about 228, and our total supply and divisible units.

228 contains all the two digit binary numbers in sequence from highest to lowest (11 10 01 00) in its binary form.

11 10 01 00

How special is that? It’s symmetrical and contrasting. What we see in the art world in the virtual realm are all made up with these 4 digits. And what brought us to the discovery of 228 is the coincidence of it being 2x of our company shares (114). So, that is our magic number for us.

OK, let’s carry on and talk about total supply and divisible units.

When we say “total OWD”, what we mean is that there are 228,000,000.00000000 OWD planned to be issued for the Owlstand platform.

You might ask, “what about the “total supply” of some of the most popular coins out there?”

BTC ~21,000,000 (lifetime)

ETH ~97,883,120.97 (currently)

OWD — 288,000,000 (lifetime)

IOTA — 2,779,530,283,277,761 (lifetime)

When we say “units” or “divisible units” or “owdling” or “owd cents”, we are talking about the 8 numbers after the decimal, which are the smallest 0.0000001 pieces of OWD that can be made. So when removing the decimals, we get the following amounts of units:

BTC ~ 2,100,000,000,000,000 Satoshis

IOTA — 2,779,530,283,277,761 IOTA

LTC — 8,400,000,000,000,000 Photons

OWD — 28,800,000,000,000,000 owdlings

ETH — 97,879,990,190,000,000,000,000,000 Wei

OWD’s large quantity makes it usable for small payment. The 288,000,000 OWD units can be used to calculate shares and dividends, and 28,800,000,000,000,000 owdlings can be used to utilize the reward system and ticketing system.

If you have ideas you’d like to contribute, please leave them as a response below, or join us in the Discord Chat.

To register your interest to our ICO, please check: https://www.owlstand.gallery/

To use our product: https://owlstand.com