ADF Token Incentive Fund Disclosure on May
On May 26th, a portion of Art de Finance’s $ADF holdings unlocked.
Out of a total of 2,627,118 ADF, 1,058,929 ADF were used, while the remaining unused tokens, amounting to 1,568,189 ADF, were transferred to KODA’s incentive fund.
The 1,058,929 ADF released into the market constitute 0.10% of ADF’s total circulation and were used on May 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: 2,627,118
- Transferred to Seeding Reward Address (0x10CBb9780821FB6848168251DdefE03E87D6f3B3)
- The total amount of ADF used from April 26th to May 26th:
- The total amount of ADF transferred to KODA: 1,568,189
- Transfer Details: [ADF Incentive Fund Reserve Wallet] (0x4C0c01c82AA5573c8857531C0eD9d630670E5b0C) ► [KODA Wallet] (0x8e86f9d715F6C1e422B4F4458C1898ddd4132377)
- TXID: 0x204fcf556d395dd2e128038b0bfba3fb737820c443fa8bd27ee5de469332c5de
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.
