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UniArts Network x Satoshi Club AMA Recap from the 26th of December

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from UniArts Network and our guest was . The AMA took place on the 26th of December.

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Gold Rocket | Satoshi Club

Greetings, dear Satoshi Club community! We are pleased to announce AMA with UniArts Network

CC.🍒

Hello everyone! Merry Christmas!

Gold Rocket | Satoshi Club

Hello hello

D. | Satoshi Club

Merry Christmas! Welcome to Satoshi club!

Gold Rocket | Satoshi Club

As you understand dear Satoshi club, our guest speaker today is @Cuniarts

Gold Rocket | Satoshi Club

@Cuniarts hello and welcome to Satoshi club

Gold Rocket | Satoshi Club

How are you doing today in this Christmas days?

CC.🍒

I’m excited to come share UniArts with you!

D. | Satoshi Club

Awesome!

Gold Rocket | Satoshi Club

We are really excited about upcoming AMA with you! Let’s start!

CC.🍒

Let’s get started!

Gold Rocket | Satoshi Club

Let’s start! Introduce yourself please. How did you get to be involved in crypto & UniArts

Gold Rocket | Satoshi Club

Tell us please about your position in UniArts

CC.🍒

Hello everyone! I’m Cherry, the CMO of UniArts.

CC.🍒

UniArts is an Exhibition and IDO platform for NFTs with value discovery as its core feature. It also provides Art-Fi features that covers NFT voting incentives, DAO curation, NFT financing and artworks NFT gaming

CC.🍒

We will be hosting our token listing event on Pancake and Quickswap on December 26th at 12PM UTC time! The team at UniArts Network is very excited for you to join the major milestone and witness the beginning of a great journey as $UART token holders.

Gold Rocket | Satoshi Club

You are in crypto trend! Congratulations

Gold Rocket | Satoshi Club

Oh… It’s so soon, I think you are very excited about it now

Gold Rocket | Satoshi Club

Tell us about the benefits of UniArts. How is it different from others?

Gold Rocket | Satoshi Club

Also we would like to know more about your team. Who is on the project team core?

CC.🍒

Art-Fi, is UniArts’ Innovative answering to Fine Art NFTs. With Art-Fi:UniArts allows community members with UARTs & wETHs to vote for any NFT artwork that they want on the platform. Voting benefits both the art lover and the artist because they are given new UART tokens during the process, and UART token also minted into NFT at the vote end with the amount of vote it received. Meanwhile,The person who wins the NFT auction can take out the UART and sell it. Therefore, in theory, the value of an NFT should not be lower than the value of the UART contained in it.

D. | Satoshi Club

Great! what will be the listing price?

CC.🍒

At the same time, you can stake UART tokens to bid for a curator position, which allows you to move your NFT from other platforms (like OpenSea) to UniArts. While on UniArts, these moved NFTs can be displayed and voted, while UARTs will be minted into curator’s (voted) NFTs.,

CC.🍒

Also, the NFT sold on UniArt’s “Impossible Art Formula Gallery” can be used as cards in the “ART-VERSUS” NFT Game, which will start around Q1 2022

In a word, UniArts’ Art-Fi: Fine Arts with social, game and benefit

CC.🍒

Erick Calder is our Technology Ambassador

【Cryptospace】CTO

【AbakuCapital】Co-Founder&CTO

【VeVue】Blockchain Strategist

【Buttryfly】Advisor&BlockChain Strategy

【Dashboard.earth】ICO Advisor

【QubeChain LLC】BlockChain Consultant

【True】BlockChain Strategist

【Givit】Advisor&Crypto Srategy

【Einsteinium Foundation】Chief Strategist

【BitXpress】Founder

https://www.linkedin.com/in/ekkis/

Gold Rocket | Satoshi Club

Thanks for sharing

D. | Satoshi Club

So team is partly anonymous?

CC.🍒

CC.🍒

Kyle | CEO

Master of Actuarial Science, University of Kent

Master of Computer Science, University of Kent

Financial IT career background

https://www.linkedin.com/in/yan-gu-crypto/

Terry | CTO

Blockchain Institute Researcher

Senior Blockchain DEVer

CC.🍒

No anonymity

Gold Rocket | Satoshi Club

This one question still

Gold Rocket | Satoshi Club

Thanks for sharing

Gold Rocket | Satoshi Club

Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

CC.🍒

We’ll know when we get online! 40 minutes later

CC.🍒

yes!

D. | Satoshi Club

let’s go to the question part!

Gold Rocket | Satoshi Club

Indeed

D. | Satoshi Club

Q1 from Telegram User @antoni_azx

UniArts is part of the web3 foundation grants program that has really given much to talk about this year, specifically about EVMs based smart contracts, but for NFT infrastructures, can you tell us what competitive options UniArts offers compared to other projects of this nature? What is the maximum scalability that your ecosystem could have as a developed substrate? And how do you plan to improve it in the future?

CC.🍒

The core idea about UniArts’ ART-Fi is to bond and connect artwork NFTs with the community and apply social attributes.We understand that collectable NFTs are valuable because they are backed by Community Consensus meanwhile Crypto Arts lacks this feature due to its “1-on-1” seller-buyer 2 point interaction. Once some purchased an NFT, these isn’t a proper “Crypto-native scenario” to show out one’s collection.

CC.🍒

But with UniArt, every one can become a Curator and show out their collection in the best place of our gallery, and let the community to common and vote for these NFTs, and benefit from the appreciation of these NFTs. Both artistes and collectors can fans and follower with UniArts’ features.

Gold Rocket | Satoshi Club

Please tell us what use case your nft has?

CC.🍒

Also, everyone who votes for NFTs, will receive a free souvenir NFT, with a smaller version of the metadata of the NFT they voted Embedded in.

CC.🍒

We found an important lack of NFT at present, that is, the application of NFT in the financial field is still not enough, we let the users in the UniArts network vote for NFT through a bottom-up approach, and NFT will be cast into the new incremental UART according to the number of votes it gets, then the number of UARTs constitutes the basic financial value of NFT.

Gold Rocket | Satoshi Club

Sounds great

CC.🍒

Done

D. | Satoshi Club

as i understand you will eventually planning launch on Polkadot?

CC.🍒

address <1. UART Polygon Contract address 0xf244E91A46A9cdd48da295cA5d0B27894f8032B1

2.UART ETH Contract address: 0x507bde03a87a6aa134d16634545e3d79c11c137d

3.UART BSC Contract address: 0x5608d5159ab98881bc116ae7761c74ad2ebb0448>

Gold Rocket | Satoshi Club

Thanks for sharing

Gold Rocket | Satoshi Club

And for your great answers

Gold Rocket | Satoshi Club

Ready for the next question?

CC.🍒

Yes

D. | Satoshi Club

Q2 from Telegram User @UncleStrange1

I read that UniArts has launched its Impossible Art Formula on Polygon, which hosts highly demanded NFTs. Also, NFT collectors/creators, etc. can create their own “NFT Vault”. The vault contains many NFTs that support collectors to issue social tokens equivalent to the market value of the NFT in the Vault. Can you elaborate more on your impossible Art formula? How does it benefits UniArt’s users/players? What are the requirements for an “NFT vault to be created? What are the benefits of creating these NFT vaults?

CC.🍒

In simple words, stake UARTs and vote for NFTs create more UARTs, stake more UARTs to bid for a curatorial position to exhibit one’s NFT collections to be voted. The very nature of UART, is an abstractive unit of human favour for artworks NFTs in the network. (Just recall when a mobile APP or a song asks you to rate it between 1 to 5 stars, that 1 star is an abstractive unit of your favour in that system)

CC.🍒

The process of voting by staking UART for a particular NFT for a particular NFT generates not only gallery traffic for that NFT, but also asset transfer from the UART owner’s wallet to the staking pool. Since the costs of UARTs are none-zero, and the process of staking/voting is recorded in the blockchain and trustless, UniArts recognizes the proven traffic-add value for the NFT vote. With the repeat of the staking-and-vote process from different people, the value of voted NFTs increases.

CC.🍒

There are 100 million UARTs in total, about 60% UARTs will be mined from voting. 20% of UARTs that belong to early investors will be released during 5 quarters after TGE. Mre detailed information can be found here:

https://uniartsnetwork.medium.com/ideology-methodology-of-uniarts-network-38b709e2e950

CC.🍒

Next

Gold Rocket | Satoshi Club

Great answers

Gold Rocket | Satoshi Club

Let’s proceed with the next question

D. | Satoshi Club

okay. appreciate for the answers!

D. | Satoshi Club

Q3 from Telegram @Anne_Tim

During the latest interview with one of the member of UniArts Network it was metioned that all artists should be encouraged to start making NFT art now, letting their imagination fly! Works created at chaotic moments, just like the moment when people are still trying to figure out how NFT could be used, will be the most attractive works. Could you explain the style of artworks accepted on UniArts? Where the priority is given? Please also summarize the advantages for creators to place their works with UniArts? Thanks!

CC.🍒

We appreciate different artworks and welcome all artists to talk to us about collaboration. I would like to introduce you a type of NFT that I like, and also our UniArts artist: Kenneth Alexander,

D. | Satoshi Club

Yes, please

CC.🍒

Gold Rocket | Satoshi Club

Wow! It’s really amazing

D. | Satoshi Club

Great artwork

Gold Rocket | Satoshi Club

Real work of art

Gold Rocket | Satoshi Club

Thanks for sharing

CC.🍒

People can go to the gallery to see more artworks:https://af.uniarts.network/

CC.🍒

https://www.cryptovoxels.com/play?coords=N@895E,158S,8U

D. | Satoshi Club

As i see i have to connect my metamask wallet to see those artworks…is it safe to connect?

CC.🍒

Is safe

Gold Rocket | Satoshi Club

Thanks for your explanation and great answers. Ready to proceed to the next question?

CC.🍒

next please

D. | Satoshi Club

Q4 from Telegram User @DK177

I noticed that there are three layers on your platform, Layer 0: Protocols such as Ethereum 2.0 and Polkadot, Layer 1: Parachains and Bridges, Layer 2: AppChain. Since this seems to be a new concept, can you deeply explain about this three layer structure? How does each layer work? What is the interconnection of these layers? What are the benefits that the platform and the users receive due to this structure? As a member of your community and a user of your platform, what type of information someone has to know regarding these layers? Will you revise this structure with the development of the project? For example, will more chains be added to Layer 0 in addition to Ethereum and Polkadot? Further, do you have plans to add more layers?

CC.🍒

UniArts focuses on scaled commercial applications and diversified usage scenarios of NFTs, hence self-positioning as an application blockchain network. The protocol layer of UniArts

provides security and other decentralized infrastructure, such as virtual machines, for on- chain Flow2D and the NFT mart. This layer differs from the public chain, whose primary goal

is to build a protocol-level infrastructure. According to blockchain networks’ current and

future lamination, major chains like Ethereum 2.0 and Polkadot are layer 0. On the other

hand, parachains such as cross-chain bridges and other infrastructure are Layer 1. AppChain

should be Layer 2

CC.🍒

There are many types of parachains; some act as a bridge to provide cross-chain services for

assets and data, while others focus on specific areas like DeFi or Virtual Machines. Application

chains can work independently or act as a parachain based on a particular Layer 1 network. The lower layer’s net market value and network scale can provide better security, asset

protection, and decentralized support for all layer 1 networks once connected, allowing

parachains and AppChains to pinpoint their focus on their design objectives. By becoming a

parachain/AppChain, UniArts may fully utilize the advantages of major networks and focus on

its own AppChain business.

CC.🍒

UniArts aims to provide a complete solution for NFT creation, art appreciation, and circulation. Furthermore, it will vastly expand the way NFTs are presented and commercially used

through NFT maker, On-Chain Flow2D, and NFT market SDK.

CC.🍒

Done!

Gold Rocket | Satoshi Club

Thanks for your detailed answers

Gold Rocket | Satoshi Club

Do you want to proceed to the next question?

CC.🍒

Next one please

D. | Satoshi Club

Q5 from Telegram user @Emidm28

There are two very important roles within UniArts, known as validators and nominators. You mention that what the validators and nominators together accomplish is the democratization of art. Without a doubt, democratization of arts is the future of NFTs. Regarding these two roles, which of the two has more responsibilities within UniArts? What tasks do each of them perform? Who has the most voting power when deciding what art pieces get the support and popularity on the platform? Can you share with us what benefits and advantages each of these groups receive? Do they receive rewards in UART tokens for their efforts? Is there a maximum allowed number of users within these roles?

CC.🍒

voting rules of UniArts:

1. UART & wETH Holder can staking their token to vote for NFTs that they think are most in-demand to earn UART reward.

2. There are 6 NFTs candidates for each voting round, and the period of which is 14 days.

3. All NFTs will be transferred to auction round after voting round finish, and the period of auction around is 5 days

4. According to the number of votes obtained by each NFT, UART rewards will be continuously cast into NFTs, which can be retrieved by the owner.

5. Vote for NFT won’t cost any token, voted token can be retrieved at UTC 00:00 the next day.

6. Vote reward will be distributed at UTC 00:00 everyday during the voting period.

7. Auction reward will be distributed after the auction round. The higher the deal price, the more benefit will be available for the voters of the NFT.

8. If NOT retrieved, voted token will be count as another vote for the same NFT.

9. 1 wETH vote = 100 UART vote

10. Both vote rewards and auction rewards are bonded at first, you need to unbond your UARTs in order to withdraw them into your wallet. Bonded UARTs can be used to vote for NFTs to earn more reward. Unbonding UARTs can NOT be used to vote.

11. Unbonding UARTs take 60 days to complete, and releasing 1/60 of the total amount each day during the process.

CC.🍒

We are pleased to announce that the first round of voting has now ended. First-round NFT entries are now up for auction. we take the top voted piece, ‘When will the rain stop,’ and use it to illustrate how your auction participation can make you rich.The Token Mint in the above diagram is the number of UARTs cast into this NFT by the smart contract, based on the volume of user votes. In other words, this NFT is now not only an artwork but also a financial asset. The artist, Himbad, designed its artistic value, and the casted UARTs add its monetary value. Even if you are void of artistic appreciation of such artwork, you cannot deny its financial value. When available to be traded, the casted UART can be removed from the NFT and liquidated. With that said, at a minimum, the NFT is worth 57703.77 UART.

CC.🍒

From the standpoint of an art connoisseur, this particular NFT is even more attractive than ordinary art; the degree of its liquidity far surpasses that of traditional artwork, which is a low-frequency traded category. The aforementioned UART minted in the NFT will have sufficient liquidity to support its circulation, and since liquidity in itself adds value to an asset, this value is directly passed onto the NFT. Think of this financial value as the “money jar,” something that anyone can appreciate.

CC.🍒

Let’s crunch some numbers. The if the price of UART is 0.25 USDT; that puts its minimum value at 14,425.94 USDT. If you are lucky enough to buy this piece for its auction starting price of 800 USDT, you will have achieved asset value growth of 25x in a manner of minutes.

We cannot imagine it will sell for 800 USDT. So long as you purchase it for less than its minimum value of 14,425.94 USDT, there will be some meat on the bone. Again, this completely ignores any intrinsic artistic value created by Himbad. Based on its popularity during the voting round, this artistic value is remarkably high.

Again, we must mention that we have only focused on this winning piece — however, several other excellent NFTs are up for auction that will have similar value baked into them.

Your road to riches is neatly paved and ready for you to follow. Think you understand? If so, get started on your prosperous journey by clicking the below link:

https://af.uniarts.network/vote

CC.🍒

Next please

Gold Rocket | Satoshi Club

Great answers! Thanks

D. | Satoshi Club

Q6 from Telegram User @kimzyemma

UniArts is a multi-chain bottom-up value discovery system with a substrate-developed mainnet and EVM (Ethereum virtual machine)-based smart contracts for infrastructure. But recently you make partnership with KAKA NFT which I will like you to give more details and benefit of this partnership to your project because I read that you release 6 new special Christmas models for them on Christmas Eve, December 24, 2021. Is it part of your plan to be creating NFT for projects to gain strategic partnerships? I also read that UniArts users will benefit from KAKA newly released KAKA Rabbit, in what way people will be considered as a users of UniArts and what are the requirements needed to be met?

CC.🍒

:We are pleased to announce that UniArts Network and KAKA NFT World have formed a strategic partnership. UniArts will release 6 new special Christmas models for KAKA NFT World on Christmas Eve, December 24, 2021 in the Impossible Art Formula gallery as part of KAKA Rabbit’s fair value discovery and issuance services.

KAKA NFT World will release 6 different KAKA Rabbits in UniArts’ NFT gallery, The Impossible Art Formula, to discover their market value. The whole process is divided into a voting round and an auction round.

CC.🍒

Firstly, UniArts users who hold UART or WETH can vote for their favorite KAKA Rabbit through staking, in which they receive UART according to the duration and quantity of staking.

Second, KAKA Rabbit will be continuously cast into the corresponding number of UARTs according to the degree of community users’ love. KAKA Rabbit represents the recognition of the community users through the number of UARTs it has mint into it, and these UARTs will make up its base layer. As a result of value support, KAKA Rabbit will become collateral on UniArts’ future lending platform.

CC.🍒

Finally, if the user’s favorite KAKA Rabbit is auctioned and sold after the voting round, the user will get more UART revenue that is proportional to the KAKA Rabbit auction transaction price.By actively appreciating KAKA Rabbit NFTs, users have earned income along the way. The principle is “Appreciate to Earn” — a fundamental economic principle of UniArts. To learn more about “Appreciate to Earn”, please refer to the following article:

https://www.coinspeaker.com/uniart-impossible-art-formula-gallery-nft-appreciation-vote-mining/

CC.🍒

Done

D. | Satoshi Club

Thank you a lot for such an awesome first part of AMA!

D. | Satoshi Club

now we will open chat for the second part of AMA! and our community will ask you some questions! @Cuniarts

Gold Rocket | Satoshi Club

Let’s start our live

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Helpost22

100%When is the token getting launched and on what exchange??

CC.🍒

We will be hosting our token listing event on Pancake and Quickswap on December 26th at 12PM UTC time! The team at UniArts Network is very excited for you to join the major milestone and witness the beginning of a great journey as $UART token holders. https://twitter.com/Host_NFT_/status/1474789084384141319

Q2 from Telegram user @LuisPagulayan

Hello, Merry Christmas!

Please share us your expanded plan for the coming year, 2022. How will you integrate users of UniArts with project?

CC.🍒

  1. UniArts’ NFT gallery on polygon is online, voting and mining are started, marketing and PR to increase our user base.
    1.1 Start UniArts’ DAO plan and introduce a large number of KOLs and ecological contributors
    1.2 Offer extra UARTs rewards for LP providers on Quick swap, the rewards will be provided in the galley DAPP and available to vote mining.
    1.3 Open NFT Mythic Box sales. NFT avatars sold on the platform can only be purchased with UART. NFT avatars are made from licensed IP.
  2. Expand the gallery to support UniArts mainnet and use the Polkadot cross-chain bridge to attract users to the uniarts mainnet.
    2.1 Launch UniArts multi-chain wallet, integrated gallery and NFT voting, supports assets from polygon and UniArts and other networks
  3. Open the curator place bidding, token holders can pledge uart to obtain a curator seat, and curators can display their own NFT as a voting object, and the voted NFT will be cast into UART to increase value, thereby increasing NFT Of liquidity.
    3.1 Start with inviting other famous NFT projects to launch their new NFT with UniArts voting & Auction.

Q3 from Telegram user @Rakshhitx5

Other than $UARTs, UniArts has another token $UINK.Can you tell us the purpose of this token? Why did you make this token?

CC.🍒

Uink is UniArts’ community governance token

Q4 from Telegram user @surendra040

Is it true that uniart supports for polygon network only? What are the blockchains your project supports and why have you choosen polygon?

CC.🍒

UniArts support polygon,BSC,ETH

Q5 from Telegram user @Robotliker1

Can you please provide me contract address of your tokens? Is the price same of the token of $UART in all blockchains?

CC.🍒

address <1. UART Polygon Contract address 0xf244E91A46A9cdd48da295cA5d0B27894f8032B1 2.UART ETH Contract address: 0x507bde03a87a6aa134d16634545e3d79c11c137d 3.UART BSC Contract address: 0x5608d5159ab98881bc116ae7761c74ad2ebb0448>

Q6 from Telegram user @vaijan11

Sir I want to buy your token. is it listed
@pancakeswap?
B Binance
C Kucoin
D MEXC OR Any Exchangers??
Where can I buy your tokens now?? Can you tell us please????

CC.🍒

Pancake and quickswap

Q7 from Telegram user @tianobek

Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project?

CC.🍒

We already have a Spanish speaking community and will be adding more different languages in the future

Q8 from Telegram user @vedamatrix

Are there any plans to add mini games into the project after NFT release?

CC.🍒

the NFT sold on UniArt’s “Impossible Art Formula Gallery” can be used as cards in the “ART-VERSUS” NFT Game, which will start around Q1 2022

Q9 from Telegram user @Ishan1_7

Could you kindly explain why traders and users must choose the UniArts Network , as well as what unique advantages your platform offers?

CC.🍒

  1. UniArts will encourage people to appreciate art and NFT through the income of UART.
  2. It will provide basic value support for NFT by minting UART to NFT. The number of UARTs represents the consensus of the NFT in the UniArts network, allowing the users to find the fair value of the NFT.
  3. NFTs with underlying value support will be used as collateral for lending platforms, improving the integration of NFTs into financial products.
  4. By cooperating with more NFT game projects, the assets of other game projects will be used in the Play to Earn ecosystem in UniArts network. This will create a GameFi Lego similar to Defi Lego, which can also make art more interesting.
  5. By allowing multiple projects to become curators, the UniArts network will aggregate many high-quality NFT projects. After the launch of the UniArts chain, it will gradually become the largest and strongest curatorial application chain. Users can interact with most high-quality NFT projects just on one chain.
  6. It will cooperate with NFT projects to build a unique NFT first fair value issuance network. UniArts network will become a gold-plated platform for NFT, and an IDO platform for NFT-like assets, which offers more than an issue “assets-purchase” feature. It is offering value support for “vote- NFT”.
  7. Lovers of NFTs in a Vault that are unable to buy an entire NFT in a short time can participate with UniArts. It will promote the interaction between creators and fans, and create a closer relationship through NFT Vault — social tokens.

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram –https://t.me/uniarts
Medium –https://uniartsnetwork.medium.com/
WebSite — https://uniarts.network/
Twitter-https://twitter.com/UniartsNetwork

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