ARTDECO on the spotlight. What about BNU? – Market Wrap

ARTDECO token is on the top of several Hot ICO lists. This token gained popularity rapidly after its launch. ARTDECO NFT Project aims to bridge the gap between digital creators, musicians, artists, and the DeFi world. It will enable creators not only to mint and sell their works as NFts, but also earn profit as they stake their collectibles. According to founders, they took inspiration from Tesla CEO Elon Musk about NFT Minting Dapp and Marketplace for digital creators. So, they decided to build such a platform on the Binance Smart Chain.

The company also issued its native token ARTDECO and launched its ICO on May 3, 2021. The token’s type is BEP-20, and a total supply consists of 5,000,000,000 ARTDECOs. However, only 10% is available for sale during the initial coin offering. The sale will end on June 11, 2021. Before then, investors can buy ARTDECO for 0.0003 USD per token. The platform accepts BNB, BTC, ETH, BUSD, and USDT in exchange.

What does ARTDECO offer to investors?

The Crypto NFT space is still in the first stages of development. Since July 2020, volume on most NFT platforms like Rarible and OceanSea was flat due to little or no adoption. However, from January 2021, the total transaction volume on Rarible skyrocketed, reaching roughly $25m. NFT related projects also jumped to historical highs.

As a result, Dapps have gotten a massive influx of new NFT creators trying to capitalize on public market crypto appreciation and liquidity. The NFT space has unlocked a huge amount of capital for creatives and artists in a short time.

However, the current NFT marketplace has very high fees and low liquidity, which makes price discovery and oracle solutions unpredictable.

ARTDECO wants to educate and sensitize art creators on the need to adopt the DeFi space successfully. Binance Smart Chain has the necessary infrastructure to build a large-scale NFT platform like ARTDECO.

According to the company, its future plans for the platform include cross-chain swaps for NFTs and oracle, as well as price discovery instruments to allow for LP mining with bound NFT tokens. The platform will also enable NFT holders to bind NFTs to benefit from liquidity.

Meanwhile, ByteNext is launching BNU token

The ByteNext is launching its ICO today. The project aims to raise $90,000 by trading 1,000,000 tokens. The ICO price is $0.09 per BNU. BYTENEXT plans to build up the AvatarArt platform to support art creators around the world and enable them to convert their paintings into NFTs on Binance Smart Chain, conduct transactions and auctions globally.

AvatarArt will be a diversified ecosystem for artists and creators with many artworks. Auctions will take place constantly and proactively. The company claims that its platform will conduct transactions in the most dynamic and convenient manner to promote and develop the artwork market to a new level.

The team designed AvatarArt with a user-friendly interface. Besides, they will support customers to access NFT in the fastest and simplest manner.

ByteNext also plans to establish preservation and storage centers at certain places. Furthermore, after the company finishes the paintings’ verification and stores them at centers, it will create NFT for each of them with the same values as the real ones. That will allow NFT works to keep their real values.

BYTENEXT also announced that it would auction all works online without taking them to the auction halls.

Thanks to applying Blockchain to auction transactions and transfer, authorization becomes much more straightforward. Besides, everyone in the world can join these auctions.

How does this token work?

The team created BNU under BEP-20 on Binance Smart Chain. They plan to convert it to the native token of the Blockchain developed by ByteNext.

Token holders can use BNU for various purposes, such as payment, advertising, authorization, staking and farming, voting.

 

Artists can buy placements with the token to put their works on in 3D virtual reality exhibitions. They can also use BNU as the main payment means and pay transaction fees with it on the AvatarArt platform.

Furthermore, the company will use token BNU to pay authors for their authorization rights whenever a transaction is done successfully.

Customers can also use LP tokens to do farming with NFT in pools, as well as get rewards. BNU token holders can vote and evaluate NFT works in the system.

Binance is adding Automata (ATA) token on its platform

Binance announced today that it would launch the 20th project on Binance Launchpool. Automata is a decentralized service protocol, providing a privacy middleware layer for dApps. According to Binance, users will be able to stake their BNB, DOT, and BUSD into separate pools and farm ATA tokens over thirty days. The farming starts from 2021-06-02.

Furthermore, Binance plans to list ATA tokens into the innovation zone at 2021-06-07. It means that the exchange will open trading with ATA/BTC, ATA/BUSD, ATA/BNB, and ATA/USDT pairs.

The maximum token supply of Automata (ATA) is 1,000,000,000. But only 40,000,000 ATA (4% of maximum token supply) will be available for investors on Binance. Farming will continue from 2021-06-02 to 2021-07-01.

Automata Network offers middleware-like traceless privacy services for dApps on Polkadot and Ethereum to achieve privacy, frictionless computation, and high assurance.

In March 2020, Automata Network launched officially with $1 million in funding. Various blockchain and decentralized protocol investors co-led the seed funding round. Among them were Genesis Block Ventures, Sam Bankman-Fried’s Alameda Research, and IOSG Ventures.

The Automata protocol harnesses a cryptographic scheme called “oblivious RAM.” It conceals data access patterns, and its privacy relayer offers various functionalities, including tamper-proof data sourcing and anonymous voting.

According to Automata, it will attempt to capture an immediate market demand for privacy preserving DeFi applications. Furthermore, IOSG partner Xinshu Dong announced that the platform would try to do that without rewriting those dApps.

The company recently partnered with Plasm, aiming to bring Witness as an off-chain governance solution to their network. Plasm is the multi-chain machine smart contract platform on Polkadot.

Sota Watanabe, Founder of Plasm, noted that they quickly understood the ideological relevance of Witness in relation to their mission of building out the infrastructure for Web3. He added that this partnership would add to their ecosystem meaningfully.

The NFT TOKEN PILOT is also available from today

The NFT TOKEN PILOT began their initial coin offering today, and it will end on Jun 3, 2021. The project aims to raise $100,000 by trading 1,000,000 tokens at an ICO price of $0.02.