16h ngày 17/10/19, dự án #ART đã tổ chức buổi AMA trên nhóm telegram của Binance Dex. Dưới đây là văn bản ghi lại nội dung chính của buổi AMA
AMA chia làm 3 phần như thường khi:
Phần 1: Richie sẽ hỏi Marcelo một vài câu hỏi
Phần 2: Marcelo sẽ đặt 5 câu hỏi và đường link tới google form để mọi người điền câu trả lời và thông tin nhận thưởng. Tổng thưởng là 72,500 $ART.
Phần 3: Cộng đồng sẽ đặt câu hỏi gửi tới Marcelo, 5 câu hỏi hay nhất sẽ nhận mỗi người 10,000 ART.
Nội dung chi tiết
Phần 1: Richie hỏi đáp với Marcelo
Câu 1: Last year you guys did your first Auction. Can you share a bit more about it?
Trả lời: Sure! We are actually pioneers as we were the first company to execute and fully complete asset tokenisation. We successfully tokenised a multi-million dollar artwork, a painting by Andy Warhol named “14 Small Electric Chairs (1980)”. Our platform was launched as a beta, and through the auction we raised just over $1.7m USD for 31.5% of the artwork at a valuation of $5.6m USD. 100 participants were hand-picked to participate in the auction out of more than 800+ sign-ups from 56 countries. Mostly based in Asia and Europe.
If I remember correctly, during the auction period, 36 bids were received, out of which, 34 were successful being highest bid of USD $6.5M. 2 bids were unsuccessful as they were below the reserve price.
The auction of the artwork closed only after four weeks, which was two weeks ahead of schedule!
Câu 2: What kind of tokens are created as a result of your tokenizations? Are they security Tokens/Utility?
Trả lời: The initial legal structure that we used for our first auction was based on a security token model. As a result, we faced many restrictions from a regulatory point of view, particularly within the area of marketing and promotion. These restrictions proved quite troublesome as it did not allow us to open tell the world about the auction, which is why we conducted this first auction as a private offering.
While did this not stop our first tokenization from being a resounding success, we felt that the security token model was not as scalable as we would have liked and it did not entirely solve many of the problems that have traditionally plagued the art market.
Which is why, we’ve been working tirelessly since then on finding a solution….and it brings me great joy to say that all those months of hard work did in fact pay off!
Not long ago we had the pleasure to announce our new vastly improved non-security tokenization vehicle. You can read more about it here: (https://blog.maecenas.co/maecenas-launches-new-tokenisation-vehicle)
In essence, under this highly innovative new structure, our future issuances will not be classified as either security or utility, but in fact to what we refer to as “Asset Tokens” – thus lifting many of the restrictions mentioned before. An asset token is essentially a token that is legally linked to a physical asset, but it’s not a security and therefore does not have any of usual regulatory restrictions.
By continuing to remove old-fashioned barriers of entry into this market, we are very excited to advance on our vision of finally “Democratizing access to the Art Market”.
Câu 3: I’ve heard you have a few announcements to make? I’m particularly interested on a certain “Spin” you have been working on….
Firstly, We have recently announced that our Asset Tokens (including the converted ones from our initial Warhol auction) will soon be tradeable on Atex.Exchange (https://atex.exchange/). Another huge milestone hit for us!
For the next two, you will be hearing them here first, as we have been waiting for this occasion to announce them… 😉
The second announcement is that just today we launched our new sleek website (https://www.maecenas.co/). We feel that it’s very artsy yet modern and that it conveys our vision in a much better way. We very much welcome the community to let us know their feedback/initial thoughts!
And last but not least, a piece of news that will be directly relevant to the Binance DEX community…
When we applied to join Binance DEX we promised we would make a trading competition. However, with almost every single team doing trading competitions, we felt that the concept was a bit tired and overused, and Maecenas being an art platform, we decided to do something different and more creative, with a different “spin” 😉
The result is a blockchain-based game that we built in record time and just released also today! You can use your ART BEP2 tokens to play.
You can access it here: https://spin.maecenas.co
There are huge prizes you can win, including a trip to London & dinner with Eleesa Dadiani (owner of the Warhol we auctioned), in addition to prizes giving amounts of ART, BNB, Warhol Tokens & even merchandise!
Everyone gets 1 free spin so make sure to give it a go!
Spin to win!! 😀
Câu 4: How does Maecenas make money? What incentives are there for ART holders?
Maecenas charges commission fees on all successful tokenised art sales – the charges are 8% to sellers and 1-3% to buyers (with the lower discounted amount corresponding to fees paid in ART). With traditional art players charging anywhere between 20-30%, our fees reflect the cost advantages of blockchain, whilst giving us a significant competitive advantage.
All buyer commissions are converted to ART. In the case that these are not paid in our native token, we will use the funds to buy it from the open market. Meaning ART holders get not only reduced fees but also to participate in our success!?
Câu 5: Can you share more details about any upcoming auctions? What paintings are going to get sold?
Trả lời: Certainly! Now that we have the two critical foundations ready (new tokenization vehicle & secondary market) we can work towards conducting multiple auctions faster.
As a next step, we intend to auction a painting by the world renowned Picasso. More details will be shared soon on this topic.
In addition, we have also recently partnered with Startbahn, a leading blockchain provenance platform headquartered in Japan. (https://blog.maecenas.co/startbahn-and-maecenas-announce-strategic-partnership/). These partnership will add more works to our pipeline. Their collection boasts works from celebrated names such as Kaws, Damien Hirst, Andy Warhol, Banksy, Yayoi Kusama, and Takashi Murakami, amongst many others.
Phần 2: Marcelo đặt 5 câu hỏi tới cộng đồng
Câu 1: What is the name of the first painting auctioned by Maecenas?
Đáp án: 14 Small Electric Chairs (1980)
Câu 2: What is the name of our CTO?
Đáp án: Federico Cardoso
Câu 3: Where is our head office?
Đáp án: Singapore!
Câu 4: What is the total supply of ART tokens?
Đáp án: 100,000,000
Câu 5: What is the Etherscan ticker for our first Warhol token?
Đáp án: WRHL1
Phần 3: Cộng đồng đặt câu hỏi cho Marcelo
Một số câu hỏi hay được trả lời
Câu 1: Is your platform only helpful for Crypto friendly users or non-Crypto friendly users can also use? If yes how they can use and how you will attract them to use ART?
We support both crypto and fiat deposits so anyone can actually participate in our platform. If users participate using ART token they pay much lower fees.
Câu 2: If asset tokens can be traded anywhere on any exchange, how will you handle situations when some investor loses his private key or gets hacked?
We have governance system which is part of the tokenisation structure legal vehicle which allows us to re-issue lost or stolen tokens after thorough verification checks.
Câu 3: Is the entire collection of art listed somewhere for transparency? Who audits this?
It is not listed due to confidentiality agreements with collectors. Typically art collectors are very private and do not like disclosing their entire collection publicly. They will only do so once a sale contract is signed.
Câu 4: How do you create pieces of a Picasso?
We issue ERC20 tokens that are linked to a legal structure which allows us to connect each token to a part ownership in the artwork. This makes each token have value linked to the physical work.
Câu 5: Do You Think Tokenization Is Really Important and What are Advantages of It.
I believe tokenisation will create new markets by opening up the possibility to invest in valuable assets to a much wider audience. Investing in fine art today requires significant capital (millions of $$). Tokenisation lets people invest a few hundred and start building a portfolio.
Câu 6: What are the Basic Functionalities of your token?
What is your token economic model and how will its architecture ensure scarcity of the token and raise its value?
Our token is linked to economic activity in our platform. The more transactions are made the more our token is used. Tokens collected as commission payment for using our platform are locked away for up to five years, to reduce the circulating supply.
Câu 7: Do you believe A BIG exchange listing is as IMPORTANT as a project’s development?
What is the biggest HURDLE currently between Maecenas and the path to MASS ADOPTION?????
Liquidity is KING! Partnering with a big exchange is critical for the success of any project which requires good crypto distribution. Maecenas is not the exception.
Câu 8: Where do you see the Fine art industry in 5 years time?
Fine art is a very conservative industry. I don’t foresee groundbreaking changes in five years. However, I anticipate more startups breaking into the exciting market and slowly transforming the way business is conducted. We hope to be amongst the ones leading this transformation.
Câu 9: Recently you did strategic parternship with startbahn . Can you please tell about Startbahn in brief . How this parternship is beneficial for you ?
Startbahn have an impressive network of collectors in Japan, and are working hard to build a truly open and global provenance platform, based on blockchain. Through this partnership, Maecenas can access hundreds of already curated artworks which will help us grow our volumes without having to drop the quality of artworks that we tokenise.
Câu 10: How you deal with FAKE copy arts
We have a very stringent due diligence process in which we check a number of documentations related to the artwork, including provenance, catalogue mentions, insurance policies, certificates of authenticity and so on. We also use external third parties to assist us with the checks.
Câu 11: Do you own museums and galleries for storing the art works? What problems exist in the traditional way of exchange of artworks that you are trying to solve and why is it essential to solve those problems?
We don’t own any museums or galleries. However, both are perfect partners for Maecenas as they have a good source of artworks and also can exhibit the works we tokenise. This is the ideal setup for us, so that we can allow people to invest in fractions of artworks while at the same time be able to view them and enjoy them at these venues.
Câu 12: How will painting tokens be linked to the real-world assets? Will
the value of a single painting token match the balance of a single
SPV that owns the corresponding painting?
The legal structure behind asset tokens is similar to how stablecoins work. Each artwork will have a separate legal structure which will provide ring-fencing protection to investors, and will be represented by a unique ERC20 token.
Câu 13: Earlier I read the threads and I understand that you believe that ART token is not necessary for the platform. can you please elaborate?
The usage of ART is not mandatory. However, significant fee discounts are obtained if use pay for commissions using ART. Even when ART is not used to pay for commissions, our platform will automatically convert the fees (in fiat or crypto) into ART by executing a purchase at third party crypto exchanges.
Câu 14: What is the difference between the ART token and a painting token?
A painting token represents direct ownership over a single piece of art. The ART token is a utility token used by the Maecenas platform, and doesn’t represent any asset. It’s used to pay for platform commissions at the moment. You can also use ART to Spin the Wheel here: spin.maecenas.co 🙂
Câu 15: What are the core strengths of the Maecenas?
We believe that a key advantage that we have is being at the forefront of tokenisation. We have completed the second version of our tokenisation vehicle whereas other platforms have just launched their first, or are yet to launch. This is a completely new field so everyone is venturing into uncharted territory. The faster we can attain relevant experience the faster we’ll be able to grow.
Câu 16: How do you deal with regulations while operating on a global scale?
This is not an easy task to solve. What we’re doing is trying to focus on jurisdictions that are more open to innovation, and building a legal foundation there. Right now we’re betting on HK and Singapore, and as we progress we will continue expanding into other popular jurisdictions such as Europe, and eventually also the US.
Câu 17: What’s your outlook on the future of cryptocurrencies? What can we do to keep increasing adoption?
I’m a strong believer in crypto currencies. I’ve been in this space since 2013. I think we have to continue building apps to make it easier for less tech-savvy people to participate and use crypto in their daily lives. If you have a great idea for crypto then BUIDL it! You will have a lot of fun doing it and you will help the community as well.
Câu 18: How are the ownership rights and security and curation of Masterpieces maintained by Maecenas ($ART)? What happens in case of damage of the asset while in storage or transportation?
The owner of the tokenised artwork is a legal entity which has full rights over the physical painting or sculpture. Asset token holders are economic beneficiaries of this legal entity and are protected by the laws of the country in which the entity is set up (e.g. HK). Any potential damages to the artwork are fully covered by the insurance policy.
Câu 19: What are the main problem fine art industry currently facing and how MAECENAS solving these problems?
The art market suffers from lack of liquidity (due to the high cost of the artworks) and also the opacity that results from most deals being conducted privately by dealers/brokers. As a potential investor it’s very hard to determine whether an investment is a good deal, and the risk of not being able to sell your investment is a big disadvantage. By creating an open marketplace of tokenised works, we solve these two problems while at the same time creating a whole new experience to investing in art.