Ether-arts is an ERC721 standard backed art lottery ticket, which combines art and games. Based on the Ethereum blockchain, this new collectible can provide direct Ethereum compensation to the participants. Applying blockchain ensures that the user’s data and ownership are safe and the value of the digital collectible is protected as its issue volume is limited.
Whether a user wins or loses in the lottery, the card is re-used in the next winner’s draw endlessly.
Each card has its own color property. Although the paintings/artwork might be different, cards with the same color property will have the same price and publishing amount. The color properties are listed below.
Special Cards [Amber, Silver, Gold, Emerald, Sapphire, Ruby, Diamond] are not for sale and are listed only for marketing purpose. Each special card has two recipe cards and a player with two recipe cards can get that particular special card for free. However, the supply is limited.
Purchasing a card
Each Ether-arts card’s price and supply amount is unique based on its color property and can be purchased at a fixed price from the website. Additionally, 50% of the purchase amount is accumulated in the reward fund.
Small probability game at 50% discounted price
If a user wishes to play but feels that the cards are too expensive, they can opt for a small probability game that allows them to pay 50% of the price of each card. The smart contract will then decide if the user can get the card or not based on a fair and transparent random number.
With this new blockchain game, players can get rewarded by the periodic lottery system, where every 10 days [days ending with 5, such as 5th, 15th, 25th], the smart contract chooses the 2 winner cards. Players holding these selected cards are given Ethereum rewards under a predefined policy.
The lottery algorithm receives random numbers from an external trustworthy source like wolfram alpha. What makes the external source more reliable is that the random number generated within the blockchain ecosystem can be unsafe and predictable, making the external source fair, provable, and transparent.
Players who own both the winner cards will be the “first prize winners”. The first winners will share 45% of the total rewards fund and the reward is equally divided if there is more than 1 winner. A player will be considered as the “second prize winner” if they own either of the two winner cards selected, with a shared reward of 35% of the prize pool.
As there are only 2 winner cards, the 2nd prize winners are divided into two group and the second prize money can vary from user to user depending on the total supply of the cards owned and the number of people falling under this category.
For instance, cards A and B are winners. Group A, consisting of players who owned only card A will share 17.5% of the rewards fund, and group B, consisting of players who owned only card B will share 17.5% of the rewards fund. As 45% of the reward fund is shared by the first prize winners and 35% is shared by the second prize winners, the remaining 20% of the reward fund is transferred to the next round’s prize pool. This acts as a small motivator for new customers and ensures that the reward fund of the next round is not zero. Additionally, if there is no second prize winner, the 17.5% awarded to that card will also be credited to the next game’s fund.
User-to-user card exchange market
Integrated into the website, the user-to-user card transaction functionality helps the players sell an ether-arts card that they no longer need, at a favorable price of their choice. The prize is required to be registered at the “my collection” menu. All cards, even if they are up for sale, will be owned by the original owner until the cards are sold. Additionally, before the cards are sold, the original owner can also claim the mission rewards. The reward is assigned to the owner’s wallet address, not to the ether-arts card itself.
Copyright of a picture
Ether-arts respects the artists’ copyright and has entered into a copyright contract with 12 artists from around the world, as of February 2019, for using their artworks in the card design. The artists are paid a royalty of 10% of the total amount of the cards sold.
Furthermore, Ether-arts also has its own artwork created by the team’s own deep-learning algorithm. The special cards tagged with the artist name “ether-arts.io” use the artwork generated by AI and the copyright of these pictures belongs to the ether-arts.io team.
In the case of classical paintings, 70 years after the artist’s death, the copyright expires in most of the countries and ether-arts uses these artworks as their commercial use is then allowed.
Collectibles as a new asset class
Ether-Arts is a new type of collectibles that combines art and game. This collection is also a type of investment asset that can provide a direct Ethereum compensation to the participants. The more cards you have, the greater the chance of reward you will have. The rarer card you have, the greater the amount of reward you will receive once selected as a winner. Try to join our brand-new game to get Ethereum rewards securely and transparently. This is a lottery card that never expires. If you own this card, you will also have an infinite opportunity to get Ethereum rewards. Ether-arts is a safe and exciting digital asset combining art and lottery.
Bibox Exchange: Four projects to be launched in first phase of Bibox Orbit!
The cryptocurrency ecosystem is exceptionally volatile and the market is highly speculative with regards to price hikes and predictions. The winter of 2018 witnessed a period of extreme bearish outbreak when the total market capitalization of the global virtual currencies fell to $112.1 billion. In comparison, the market was worth $760 billion in early 2018.
Considering this, the importance of cryptocurrency exchanges has been widely recognized and is one of the fundamental aspects of the global assets industry.
Bibox, a crypto-exchange registered in Estonia is one of the largest crypto-exchanges in the world. Bibox exchange is well-known for its user-friendly interface and stands out amongst its competition for its extreme reliability and efficient functionality.
The exchange recently made a major announcement and stated that the crypto-platform would be launching its Initial Exchange Offering [IEO] platform, known as “Bibox Orbit” at 10 am on April 22nd,2019 [GMT+8]. According to the official statement, the key objective of the exchange is to promote and launch the development of high-quality decentralized projects on its platform.
Bibox Orbit is basically a token launch platform which was created with the sole intention of developing quality decentralized projects. As a leading global assets trading platform, Bibox Orbit will be completely focused on boosting premium decentralized projects so that they are able to raise capital and remain sustainable for long-term development.
Introducing the First Phase of Bibox Orbit and 4-Quality Projects:
Bibox announced that the first phase of Bibox Orbit would be officially launched on 22nd April 2019 [GMT+8] and they also mentioned the inclusion of four quality projects for the users to purchase into development after its launch.
The projects are mentioned below:
The Force Protocol [FOR]
The Force Protocol is an open-source blockchain platform that provides crypto-financial solutions to developers with an aim to improve the virtual assets market. It is based on the mainstream public chain system and the under-layer standard data network of protocols. The project would offer solutions for financial needs such as cross-platform assets transactions, shared trading volumes, cross-chain communications, multiple blockchain crypto-assets collaterals backed stable coin issuing, token bonds issuing, on-chain payment, settlement, and clearing of transactions, among others.
Ludos, a Singapore-based distributed gaming ecosystem solution, aims to turn blockchain games into reality and release a decentralized gaming sphere and incentivize the platform. Gamers would be able to manage and trade their gaming assets on one hand, while on the other hand, they would also be able to manage game crowdfunding. The core team members of the project are from Columbia University, Carnegie Mellon University, Peking University and other institutions of higher learning.
Staking is a decentralized asset management entity which aims to create a transparent decentralized management platform that is efficient, secure and allows investors to safely stake their capital. The platform provides an ecosystem of a Proof-of-Stake [PoS] mining pool and a detailed infrastructure for the Decentralized Finance [DeFi] market.
Additionally, the platform owns one of the most secure databases in the world as system infrastructure. The core team is composed of experts from Tsinghua University, Columbia University, University of Toronto, and other world-renowned universities.
X-Block, a computing framework is the world’s first blockchain based entity for fog computing. In comparison to other traditional cloud computing platforms, users would be able to access more services at a minimal cost with the X-Block Fog computing services.
The members of X-Block cover digital asset investment, network security operation and maintenance, distributed computing, financial consulting, fund management and many other fields. X-block was promoted by DFG, a well-known Silicon Valley investment institution, and had received a strategic investment from Kosmos Capital, a top Australian investor institution.
Why is Bibox Orbit Launching Four Projects together?
Aries Wang, the Co-Founder of Bibox Exchange, explained the motivation behind launching four projects at the same time. According to Aries:
“People are curious why we have chosen to launch four projects simultaneously. Firstly, It’s not a simple decision, these four projects were picked out from hundreds of applicants. They are diversified but outstanding. Apart from their understandable token economy and innovation in blockchain technology, our listing team is also impressed by their professional experience in varied industries and their backed capitals.”
He also mentioned that the launch of four qualified projects together would increase the user’s opportunity to win the lottery, also it would give investors multiple alternatives to choose their preferred area. The launch of multiple projects on Bibox Orbit proves the exchange’s mission “Quality & Diversity”.
How to Participate?
After a collective consensus between all the parties involved, it was decided that the first phase of Bibox Orbit would determine the personal pre-purchase amount of BIX holders via a random draw. This implied that participants involved would experience maximum fairness and equity and it would allow more users to participate in the projects they like.
- Pre-Purchase Start Time
The first phase of Bibox orbit is going to have four projects available for the participants to purchase at the same time.
The timing of the purchases are:
- Pre-Purchase Start Time：April 22 10:00 GMT+8
- Pre-Purchase Stop Time：April22 17:00 GMT+8
- Drawing Time：April 22 20:00 GMT+8
- How to purchase?
On the Bibox exchange, BIX in the only token validated to be used for pre-purchase investment and payment in the projects. There is no minimum limit for the BIX holding amount, but the maximum amount that can be stored should not cross the threshold of the BIX equivalent of $5,000.
1. participants of Bibox Orbit must complete KYC real-name authentication first.
2. Sub-accounts are not allowed for Bibox Orbit.
3. Users in areas prohibited by law are not allowed to participate in the event.
4. During the pre-purchase period, Bibox shall have the right to disqualify the applicant if it finds any cheating behavior such as false authentication information or repeated KYC.
5. Bib has the right of the final interpretation of the rules.
XRP transactions now available on pilot Automated Teller Machines [ATM] in New Jersey
Has XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?
Ernst and Young to launch zero-knowledge proof tech on ETH blockchain, Binance Coin skyrockets by over 300% in 2019 and more
New Bitcoin SV [BSV] trading pairs with BTC, USDC, and USDT go live on Float SV
Binance Coin [BNB] isn’t the only coin to record a surge of over 300 percent in 2019
Bitcoin SV [BSV]: John McAfee ‘sues Calvin Ayre in four different countries’; vows to bankrupt him
Cardano [ADA]: Proof of Stake [PoS] throws away expensive process & advances the network, says Charles Hoskinson
Cardano [ADA]: We will emerge from 2019 more decentralized than any other network, says Charles Hoskinson
XRP takes another step into mainstream adoption as Skype hints a possible integration
KRONN [KREX] vs. Ripple [XRP]-Which Cryptocurrency is Better?
XRP and Stellar Lumens [XLM] Price Analysis: Bear surrounds coin despite growth
Bitcoin [BTC]: Officials crack down on massive BTC fraud in ‘largest pill seizure in the history of New Jersey’
Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Prices stagnate as bull run falls short of momentum
Ripple-backed XRPL Labs releases XRPayments on Playstore and App store