if you own something
Here’s more information about the Xeries token:
What is Xeries Token?
The Xeries token is part of the XDALE project, which aims to revolutionize art patronage and funding through NFTs (Non-Fungible Tokens) A. The project focuses on making fine art more accessible and supporting undiscovered artists by creating a decentralized and transparent system for art patronage A.
How Does It Work?
- Art Patronage NFTs: Xeries tokens are used to support art projects and provide rewards to token holders A. The project introduces a new breed of utility NFTs based on the “Proof of Contribution” concept A.
- Token Locking: Users need to lock a certain number of Xeries tokens to mint NFTs A. For example, to mint an NFT, users might need to lock 400 XER tokens A.
- Rewards: Locked tokens generate rewards, which come from the 1% of platform savings generated by approved Art Patronage Projects A.
- Market Liquidity: By selling an NFT, contributors can easily move out from their position, keeping their contributions liquid if there is demand for them.
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——————Transact Analog Art — Transact Your Collection— Become an Art INVESTOR 