ADF Token Incentive Fund Disclosure on April
Last Friday, a portion of Art de Finance’s $ADF holdings unlocked.
Out of a total of 2,627,119 ADF, 1,151,271 ADF were used, while the remaining unused tokens, amounting to 1,475,848 ADF, were transferred to KODA’s incentive fund.
The 1,151,271 ADF released into the market constitute 0.11% of ADF’s total circulation and were used on April 26th.
The Incentive Fund, which holds the largest share of the total 1 billion ADF tokens, will unlock approximately 2.6 million tokens per month.
The 2.6 million tokens will be sent to the Art de Finance distribution contract and distributed in four rounds. If there is any remaining supply, the unused tokens will be transferred to the KODA wallet.
Art de Finance Transfer Summary
- The ADF Incentive Fund Amount unlocked per month: 2,627,119
- Transferred to Seeding Reward Address (0x10CBb9780821FB6848168251DdefE03E87D6f3B3)
- The total amount of ADF used from March 26th to April 26th: 1,151,271
- The total amount of ADF transferred to KODA: 1,475,848
- Transfer Details: [ADF Incentive Fund Reserve Wallet] (0x4C0c01c82AA5573c8857531C0eD9d630670E5b0C) ► [KODA Wallet] (0x8e86f9d715F6C1e422B4F4458C1898ddd4132377)
- TXID: 0x91825a859b87d4409655b9723f9a3c52f297c4baff6647e75164dfdf3dded830
Art de Finance
Art de Finance is a decentralized gallery. It aims to overcome the shortcomings of traditional gallery culture, such as offline-focused art trading culture, lack of information about artists and artworks, and lack of promotion activities for emerging or unsupported artists. Art de Finance collaborates with artists, collector investors, and traditional galleries to build an independent art ecosystem in a decentralized environment.
Artists receive important funding for their artistic activities through De-Fi services and can receive consulting and launchpad benefits for artists marginalized in the resale market. We encourage the archiving of artist histories, artwork descriptions, etc., on the blockchain to increase the quantity and quality of information and encourage users to make rational choices.
