FAQ

A: AWT is a Stable coin Art Utility Token designed to empower the art world, with arbitrage wealth benefits. Designed to solve the Stable coin Trilemia. 

A: The NFT Vault works like a pawn shop, allowing users to deposit their NFTs and receive AWT and BNB in return, while showcasing the art.

A: Hold a minimum amount of 50 AWT tokens to participate in the Owner Vault and Maximize Rewards.

Artworqq, the creator and owner.

Artworqq makes decisions with the soon-to-be-determined board of directors.

Development of Dapps and other multimedia associated with the the AWT or its projects.

 The Owner Vault is a secure, exclusive contract controlled by Artworqq, operating outside the AWT token contract. It serves as a reserve for various operational aspects within the AWT ecosystem, such as community giveaways, future projects, and liquidity management.

 The Owner Vault is managed solely by Artworqq, ensuring full control over its usage for strategic purposes.

Members who stake a larger amount of AWT (10 tokens or more) in the Owner Vault enjoy higher returns than other vaults. In addition to staking rewards, members contribute to an ecosystem that supports the creative community. The vault ensures artists are paid even if buyers do not have traditional currency, creating a more accessible and decentralized environment.

 Staking in the Owner Vault requires at least 50 AWT tokens, which are locked for a 3-year period. Members receive a 20% return on their stake every 3 weeks, making it the highest reward tier compared to other vaults.

The funds are reserved for various uses:

Community rewards and giveaways

Development and expansion of new projects

Liquidity for the AWT ecosystem

Operational expenses, including marketing and contract creation

Our algorithm takes into account two simple factors:

Market Price:

The current market price of the NFT on supported marketplaces.

We use a proprietary algorithm to weigh these factors and determine a fair market price for the NFT. If the NFT is not listed on any supported marketplaces, we may use alternative pricing methods or decline to offer a price.

All and any NFT, including ERC-721 (Ethereum), ERC-1155 (Ethereum), BEP-721 and BEP-1155 (Binance Smart Chain) Solana SPL Tokens.

The price formula is simple:

Market Price x (1 - Vault Fee) = Offer Price

For example, if the market price of an NFT is 0.01 BNB and the vault fee is 10%, the offer price would be:

0.01 BNB x (1 - 0.10) = 0.009 BNB

This means that in this example, the user would receive 0.009 BNB for their NFT, minus any applicable fees.

A small percentage fee of 15% taken by the vault contract to support its operations.