Project Highlights
Art Patronage Project (APP)
This project will create a physical art space in a commercial shopping mall for interior designs, sculptures, and more.
The project will provide wall space, studio space, and exhibition space.
The project offers rewards in XER tokens and costs 195 USDC plus 380 XER tokens per NFT mint.
Support and Rewards
XDALE NFTs act as proof of contribution, providing rewards based on the increased value of artworks funded by contributions.
XER token holders can participate in new project sales and receive discounts on future NFTs.
Rewards are proportional to the number of tokens locked.
Staking and Converting
After necessary changes are made, a staking contract will go live, yielding XER tokens from auction bids.
Users can convert XER to USDC through XDALE’s decentralized swap exchange, DALEx.
Leadership Statements
Doug Crosdale (Founder): Emphasized XDALE’s dedication to its vision and objectives. He mentioned that the system is decentralized and transparent thanks to the blockchain.
Paolo Pastore (Managing Director): Highlighted the flexibility that NFTs bring to art patronage, allowing contributions to remain liquid (easily bought and sold) rather than locked in for the entire project duration.
XER Token Details
Contributing to Art Patronage Projects is reserved for XER token holders who lock their tokens for the duration of the project.
Locked tokens generate rewards from 1% of platform savings and approved Art Patronage Projects.
Every XDALE NFT is proof of contribution and comes with utilities attached, offering rewards from the increased value of artworks.
NFT holders can participate in private sales for new projects, reserve more NFTs, and get discounts on XER usage.
Artworks and Staking
Artworks inspired by Doug Crosdale will be revealed when the project is implemented, alongside the launch of the NFT staking contract.
Both projects will feature unique and rare artworks.
The staking contract will yield XER tokens based on auction bids from platforms like Open Sea and Christie’s.
Users can convert XER tokens to USDC via DALEx.
Financial Aspects
There is a minimum APR of 8%, which can go up to 40% after five years.
If the XER NFT mint sells out, at least 1.4 million XER tokens will be distributed to NFT stakeholders.
Commitment
XDALE is fully committed to supporting the project.
Unsold NFTs will be removed from the market and burned.
Rewards tied to XDALE’s capital will be allocated to the project.
In summary, XDALE is using NFTs and blockchain technology to create a flexible and rewarding way to support art patronage projects.: Art Technology
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