Token Economy of Metaverse Imagen
The ART METAVERSE Token Economy will be driven by the use and circulation of the ARTZ Crypto-Token.
Key metric to manage the economy are going to be;
The initial sale to Public. This will a substantial percentage of the total token supply to encourage transparency, fair launch, trading volume and potential price appreciation.
Automatic 'burning' of ARTZ Tokens to manage over-supply
Balanced reward system
Lock-up periods for initial pre-sale investors, developers team, founders and advisors to prevent the sudden 'dumping' and supply manipulation.
Automatic emission of new tokens for projects voted upon by 70% of Token holders.
Other TBD factors
ARTZ Token Use Cases
The ARTZ Token will be the currency for 'onboarding' the METAVERSE for ART ('Onboarding means joining and becoming a member of the ART METAVERSE Platform). The onboarding fee will be a small amount - approx. equivalent to USD 2.0 (two dollars) to encourage a large community of Artist members. The ART METAVERSE Platform will also distribute reward tokens to users as an incentive for participating in the ecosystem, such as contributing to the platform's development, providing liquidity, referral rewards and promoting the ART METAVERSE.
Below is a list of the many uses cases of the ARTZ Token on the Metaverse Platform;
Use for Access / Subsciption to over 20 Gen-AI Platforms and Tools such as MidJourney, DALL-E3, Leonardo.ai, Stable Diffusion, Fooocus, RunwayML, PikaLabs, Genmo, ElevenLabs,
Payment for On-line ART Lessons and Education offered by Platform members.
Payment of purchases from Online Metaverse Shops / Stores.
Payment for listings of Art and other Assets (and Collectibles, others).
Payment for 'Tokenizing' of real-world assets and collectibles.
Reward for Players in competitive 'non-violent' On-line games and competitions.
Voting in the Decentralized Platform Governance.
Gifts and Discounts for purchases on the Metaverse platform.
Payments for Generative Art (GA) Platform subscriptions (MidJourney, Stable Diffusion, DALL-E, GPT4. LEONARDO.AI, RunwayML, GENMO, and scores of other GA Platforms.)
Payments to content creators, content editors and contributors
(One example of a content creator is someone who step forward from the community and takes on the responsibility of photographing, digitizing and building realistic 3D Virtual model of a specific structures and monuments. Of course a person or entity can take on digitizing multiple structures. But the main point is the involvement of the community in creating Assets in the ART METAVERSE. Another example is the creation on non-violent games in the ART METAVERSE that people can play ('play-to-earn' model). Game developers can create games and once approved by the Governance Reputation Holders Vote, the game can go online and the game developers can earn their share when people play their game.)
'Reputation Token' holders and moderators incentives. Reputation Tokens holders are community members that have been voted by the community as being highly 'trustful and dependable'. A 'Reputation Token' is issued to such individuals through 'smart contracts' and the role of these individuals is to monitor and moderate, advise and use their 'trust capital' where appropriate on the platform. (One simple example of the moderation of content, that is to keep a 'watchful eye' on the content being published and used and remove unwanted content immediately).
P2P (Person-to-Person) financial transactions. (loans, awards, purchases, etc.)
As you can see, the use cases of the ART Token are numerous. Since the METAVERSE is essentially the next generation Internet, one can expect members of the ART METAVERSE setting up countless Online Art stores and shops, On-Line Schools, Virtual Museums and Art galleries the Platform. And with each new use-case, the value of the ARTZ Token will keep increasing. Even though this should not be taken as an investment advice, but common sense says that the more people onboard the ART METAVERSE and use the ARTZ Token, the higher the price will be. So, the ARTZ Token essentially can be a good savings and investment vehicle as well.
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