Contracts are programmed into the blockchain, meaning that transactions cannot be altered by anyone after they have been submitted to the network. This gives artists' work an indisputable authenticity - guaranteeing that it is one-of-a-kind and certified as such - something which is especially important in the art world.
The VELAS (VLX) token is the currency of the Artis Turba platform and will be used to buy and sell art, as well as for all other transactions on the Artis Turba network. The VELAS (VLX) token is a utility token which has a number of unique features:
It is inflationary, with a total supply of 1,000,000,000 VLX. This means that there will always be enough tokens to support trade on the Artis Turba platform. It is divisible by 10, meaning that users can purchase artworks or other items on the platform with even small amounts of VLX.
It is transferable, meaning that users can send VLX to other members on the Artis Turba platform. It is interchangeable, meaning it can be converted into any other cryptocurrency or fiat currency through platforms such as Bitfinex and Changelly. This means that buyers will have more options for acquiring artworks on the platform, pushing prices down and increasing liquidity.
VELAS (VLX) tokens will be issued during a token sale which begins on 21 February 2018 at 15:00 CET and ends on 21 March 2018 at 15:00 CET . The price per token will start from ¢3.99/VLX and move upwards linearly from there according to the current bonus structure. Ethearnal will be accepting ETH, BTC and fiat currencies in exchange for VELAS (VLX) token.
The VELAS (VLX) token has a number of unique features which make it perfect for use on the Artis Turba platform. It is inflationary, meaning that there will always be enough tokens to support trade on the platform. It is divisible by 10, meaning that users can purchase artworks or other items on the platform with even small amounts of VLX. It is transferable, meaning that users can send VLX to other members on the platform. It is interchangeable, meaning it can be converted into any other cryptocurrency or fiat currency through platforms such as Bitfinex and Changelly.
