Using $ART
The $ART token is the native token of the LiveArt platform. The following are the high-level $ART utilities for the platform:
1. Tiered Platform Membership
A tiered collector system based on staking of the $ART token and platform participation will provide collectors with early access to sales, lowered trading fees, access to yield, governance decisions, discounts on premium purchases, and access to LiveArt’s unique guarantor program.
The LiveArt platform integrates a unique tier-based Power system. By staking $ART tokens, and/or trading & holding art assets on the LiveArt Platform, users can achieve higher tiers based on four primary factors: token quantity, locking period, trading volume, and the quantity of art assets held. As a user's Power increases, they unlock a plethora of platform utilities including:
Lower Trading Fees: Amplify profitability with reduced trading charges.
Yield Access: The ability for your art assets to be yield generating
Governance & Launchpad Boost (NFT Art & Fractionalized Art NFTs): Enhanced influence in governance decisions and launch allocations.
Discounts on Platform premium purchases: Discount or free access to features such as the LiveArt’s analytics tool and future tools such as Art Indices
Alpha Access: Access to early & exclusive information
Guarantor Accessibility: The ability to be a primary and/or secondary guarantor (more below)
Membership Model Breakdown
The following table differentiates the benefits of LiveArt’s tier-system:
| TIER 0 | TIER 1 | TIER 2 | |||
|---|---|---|---|---|---|
| Tier 0 | Tier 1 | Tier 2 | Tier 3 | Tier 4 |
Power Requirements | 0 | 2500 | 10,000 | 25,000 | 100,000 |
Minimum $ART Staked | None | 1000 | 4,000 | 10,000 | 40,000 |
Base Trading Fees | 2.5% | 2% | 1.5% | 1% | 0.5% |
Launchpad Boosts | 1X | 1X | 1.1X | 1.2X | 1.3X |
Governance Boost | 1X | 1X | 1.1X | 1.25X | 1.5X |
Premium Feature Discounts | 0% | 5% | 20% | 50% | 100% |
Yield Access | no | yes | yes | yes | yes |
Secondary Guarantor | no | yes | yes | yes | yes |
Primary Guarantor | no | no | no | yes | yes |
Power
Power is determined by the token amount, time locked and trading volume where T is the token quantity, L is the locking coefficient, V is the monthly trading volume, A is the amount of art assets held by the users, and C_1 & C_2 are both undetermined constants.
2. Launchpad Allocations
Users can delegate their $ART tokens to receive allocations for NFT and Fractionalization launches on the LiveArt platform. The launchpad staking is separate from the core tiered membership model, as participating in the launchpad is not required to use the LiveArt platform. However, it is proposed that core stakers will have a large boost in launchpad allocation based on their membership tier.
3. Staking to Earn Fees on RWAs
As holders of fractionalized artworks are part-owners of the artwork, then they are eligible to receive a portion of the trading fees for that specific artwork. This utility would be gated to $ART stakers only, providing a strong utility as all fractionalized asset holders are incentivized to purchase $ART tokens to transform their assets into yield-generating assets.
4. Staking to access Decentralized Guarantor Model
By staking $ART tokens, users are eligible to participate in LiveArt’s decentralized guarantor model. This model enables the community to guarantee artworks to be purchased, tokenized and fractionalized for the launchpad. This guarantor model is described in more detail within the Earning $ART section.
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