aipa chain white paper 1exchange. thus even aipa token is a kind of asset-backed share, it still has...
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AIPA Chain White Paper 1.2
An Institutional Theory of Art Token Economy
AIPA Team @ Being 3 Art Consulting LLC, Co, USA
Jun. 2019
Introduction
Renaissance reminded human as a kind of beings. Blockchain is reminding the exist of human
being by every single individual. “All culture is nothing but the unity of creative style in national
life” (Fredrich Nietzsche). Art is the major gene and instinct of humanity cause everybody’s
differences with each other and simultaneously from animals and machine, and art
theoretically could and should be divided into shares to be shared and deal. Blockchain is a
kind of philosophy and a set of institutional thinking rather than a kind of decentralized
technology, a distributed ledger based on consensus algorithm.
This whitepaper explains and describes AIPA Chain based AIPA Economy & Ecology, the
motivation of AIPA, the stubborn problems that AIPA is trying to solve in art and public market,
and the technology structure and future possibilities. AIPA Token, known as AIPA that will be
initially generated during the AIPA Chain distributed period, is the asset-backed
cryptocurrency like particle that support to quantify the shares of art.
Retrospective study shows that art does not change the world, art has been shaping the world.
The financial and wealth property of art has been neglected and limited in a narrow circle for
long time. Many people were stopped to art by the mysteries talk and surprisingly rising price.
AIPA Token will be the institutional symbol of art secularization. BlockChain technology
provide possibility to divide human creativity into shares to be a majority media for value
exchange. Thus even AIPA Token is a kind of asset-backed share, it still has some
characteristics of utility currency and could be easily altered gradually.
AIPA Chain is an institutional design base on a set of technology programs. The
implementation of AIPA Chain need much efforts within and outside of art field. Fortunately,
a brief investigation shows that most of free artists are eager to have a fair play ecology and
willing to work on it. What AIPA needs to do is to peach and promote in international art field
and the market that could be influenced. This paper also describes the major strategy and
work steps to make AIPA to be the powerful system to implement the art secularization,
mainly by token exchange market and internet.
Contributors of AIPA Chain are artists, art dealers, computer scientists and art critics come
from China, Italy, Spain, Germany and the United States. Thanks for their efforts that AIPA
Chain is being implemented fluently by schedule.
Content
Introduction ................................................................................................................................................. 2
1. Key Words and Overview ........................................................................................................ 5
2. Blockchain and Art – Consensus Value of Human Being........................................... 6
a)Decentralization: ........................................................................................................................... 6
b)Openness: ....................................................................................................................................... 6
c)Not Tempered and Meta Data: ................................................................................................ 7
d)Security and Safe: ......................................................................................................................... 7
e) Token Economy ............................................................................................................................ 7
3. Art - Plight of Human Creativity ............................................................................................. 8
a)Sanctification and Hegemony .............................................................................................. 8
b)Miscomprehension of Value ................................................................................................... 8
c)Demand-Supply Gap ................................................................................................................. 8
d)Lost in Human Spiritual World ............................................................................................... 9
4. AIPA Economy ........................................................................................................................... 10
a)AIPA Chain .................................................................................................................................. 10
b)ATO – A Market Place ............................................................................................................ 10
c)AIPA Token .................................................................................................................................. 11
d)AIPA Protocol – Start from Every Single Work ............................................................. 11
e)AIPA Exchange .......................................................................................................................... 11
f)AIPA Communities and Ecology .......................................................................................... 12
5. Beauty of Technology.............................................................................................................. 13
a)Public Chain and Token: ........................................................................................................... 13
b)Exchange Platform: .................................................................................................................... 13
c)Wallet and Dapps: ....................................................................................................................... 13
6. AIPA Communication and Marketing ................................................................................ 14
a)Art Market – Alpha DAO of AIPA Chain (ADAC) .............................................................. 14
b)Derivatives Market...................................................................................................................... 15
c) Blockchain and Cryptocurrency Market ........................................................................... 15
7. AIPA Chain Contributors ........................................................................................................ 16
8. Milestone ...................................................................................................................................... 17
a)Oct 2017- Oct 2018: Prework ................................................................................................. 17
b)Nov 2018 – Jan 2019: Planning and Warming UP – ADAC Initiating ........................ 17
c)Feb 2019 – Mar 2019 Fundraising Closed .......................................................................... 17
d)Apr 2019 – Nov 2019 AIPA Chain and ATO Released ................................................... 17
e)Dec 2019 : Start ATOs Exchange ........................................................................................... 17
9. AIPA Finance .............................................................................................................................. 18
a)Issuance .......................................................................................................................................... 18
b)Initial Rate and Fundraising ..................................................................................................... 18
c)Distribution .................................................................................................................................... 18
d)Funding Purpose......................................................................................................................... 18
10. Conclusion ............................................................................................................................... 19
1. Key Words and Overview
AIPA Chain, is aiming to create a decentralized token-based art market, ATO Platform –
Artists’ Token Offering Platform with consensus algorithm and smart contract that every artist
could share his or her assets of creativities to the public. All participants can easily buy and
sell art works and shares of artists copyright assets in their study and learnings, products and
services, socio activities and daily life. The root token is AIPA, Art Intellectual Property
Allocation, and the system that support AIPA and ATO is AIPA Chain, a mix of institutional
design and technology support. Every artist, art group or institution such as gallery and
museum could be a block, A/P- AIPA Protocol, as a symbol of smart contract by consensus
algorithm will be inserted into every single artwork or art program as a symbiotic factor when
the work would be uploaded to the chain.
AIPA is trying to secularize art from a symbol of wealth and power in the narrow circles to be
one of the fundamental elements of the public society and realize the common value and
appreciation to be visible return to the creators and their advocates.
Most of artists and people around have passion to utilize the influence of art to the public to
make a better world. AIPA Chain will remind them a great opportunity and an effective way
to realize the dream. ADAC – Alpha Dao of Artists Community will be the initial distributed
artists autonomous community to practice the first stage of marketing and communication.
AIPA will be started from within the art field worldwide to the public market besides.
2. Blockchain and Art – Consensus Value of Human Being
Art history, art philosophy and the history of relationship between art and human activities
show us that art world was born as a decentralized, free creativity and equality driven, open
system that keep influence in production, service, social and private live of people. Blockchain
technology can help to realize and utilize the long time consensus value in art among people
worldwide with different background of geography, nationality, political, ideology and
religions.
a) Decentralization:
In traditional art market, the centralized power such as political, capital, critic groups and
institutions have the authority to judge and decide whose art could be put into public
attention and whose cannot. Monopoly and corruption easily happen, and have already
happened in current market and many alternative outstanding arts are not being appreciated.
Blockchain bring a much lower cost in contributing trust and revolution in art market. AIPA
and some other players return public attention back to the artists and the people around in
lower profile from the ‘leading group’ who are investing high cost in public relationships
instead of art creativities. By blockchain ecology every node in the decentralized system will
have a copy of AIPA Chain that the database could be maintained by massive replication and
computational trust. Diversified art could be easily showed and exchange on demand and
interests of different kind of people.
Although the ‘leading group’ will still have enough resources to have AI or algorithm
hegemony in the blockchain environment, the cross background and execution capacity of
founders and management team still can make AIPA in a right position to motivate diversity
as much as it could within mass blocks and chains.
b) Openness:
Everybody could access to check the database or develop programs by AIPA Chain which is
a permissionless open and more user-friendly platform. This permissionless environment will
totally change the art world by encouraging new creativity which is the root of art, to be
realized and appreciated and, the most important, to be reach and deal in much more easy
and effective trustless method. The transparency record will support credit and value
exchange among all of the nodes on AIPA Chain.
Destiny of artists and their works could be mostly on their own. Even AI/algorithm hegemony
will still support monopoly and corruption by their traditional status more or less, but the cost
is becoming much more than in traditional market, somewhat like hacking. And the fresh,
new, diversity of art creativities will be easily showed and deal by much lower cost than that
in nowadays. But anyway all players will mostly focus on art instead of something else when
art could be mentioned.
c) Not Tempered and Meta Data:
Once a deal happened and was recorded on AIPA Chain, the note will be permanently
unchangeable, including AIPA Code of the work, the exhibition and deal process, auction, IP
delegation to products and services, museum tickets and even appreciation points on social
media and e-commerce. Timestamp and smart contract will be together with all kind of
activities happened to every single work uploaded to AIPA Chain.
d) Security and Safe:
Any exchange happened among nodes will be based on trustless consensus algorithm,
private information does not need to exposure with each other, privacy will be well secured.
Secured data based on timestamps generates blocks and verified by Hash Code. Because of
not tempered record and anti-attack mechanism, AIPA chain will keep the data safely and
completely protect the ownership of assets.
Even by anonymous way the activities on BlockChain could still be traced and the privacy is
also a problem. From CryptoNote to Enigma, many projects are trying to figure out this kind
of problems. AIPA Chain will have compact channel with the most advanced technologies to
work on users’ privacy protection.
e) Token Economy
To be different with the traditional monitory currencies that represent specific value, token is
genetic value symbol that can make easier value exchange base on blockchain technology.
Token Economy describe 3 kind of capitals in human world, the social capital, the natural
capital and the cultural capital. AIPA is trying to find a way to implement the value of art, the
core and basic element of human culture, to be the major cultural capital by developing AIPA
token to be one of the cryptocurrency’s mainstreams.
The total value of AIPA Token will be anchored with art assets that has been common value
of human being for all time. A multinational foundation will start to manage and organize to
set up a decentralized platform by distributed autonomous organization. This platform will
encourage artists, dealers, publish house, education, manufactures and other businesses and
institutions to publish and deal shares of art assets, no matter shares of a physical work,
copyright, products and service design delegation, on line or paper publish, exhibitions or
even tickets of a museum. Once the real value of AIPA Token that represent the shares of art
assets could be identified and recognized, it could be used as exchanged media by all kind
of deal and consume in the public society.
.
3. Art - Plight of Human Creativity
Human talent prophet and creativity give the birth of arts. Eminent artists create art works,
and produce events. Sequential events form the art movements. Thinking, belief, research and
discovery, accompanied with art movements, result in human civilization evolution. Valuable
art works are exhibited, traded, collected, borrowed, copied, authorized, restudied, and then
re-created. This is the macro-logic of art value circulation, paralleled with technology
development and life improvement.
Since artists and enlighteners recognized the value and influence of art since Renaissance,
people had been fighting for discourse power to art for hundreds of years. And the situation
has not got better till now not only in art field but also in almost all kinds of sectors of the
world that need creativity. We can see the plight is full of threaten to human creativities,
including:
a) Sanctification and Hegemony - Very Few People Have Too Much
Wealth And Resources
The monopoly and speculation of capital upon top art works have intimidated the mass
commoners from arts;
The domination and manipulation of authorities upon arts have deprived liberty from art
creation and forced arts to become the enslaving tool against commoners;
The learning, thinking and creating by artists have estranged themselves from
commoners, leading to elite isolation
b) Miscomprehension of Value
One common miscomprehension of the economic value of art works is that the value of
art works can only be materialized and increased through trade and re-trade.
However, the truth of the real life is that arts, during its all-round life cycle from being
created to being exhibited, traded, collected and authorized for re-production, have
influenced relevant societies and entailed material and spiritual values.
The financial attribute of art is a kind of unaware existence in the centralized social &
economy structure, although people are using it every day. Its cashability is always there
from the original creation of art works to being bought and sold, and to exhibited in the
museums and long after that.;
c) Demand-Supply Gap
There exist the consistent demands for arts & culture in the fields of exhibition,
publication, ornament, IP authorization, cultural communication, training & learning, city
& community attractions;
Very few artists take part in public life outside art world. Dedicating to art works is
contradictory to social life;
Uncertain pricing rules – Pricing of art works, especially the newly created art works, has
always been a puzzling problems to the market.
d) Lost in Human Spiritual World
Behaving by cash driven, instead of value even wealth driven is full of the world, especially
in Asia and the US, caring nothing about culture and art or caused physical desire and
drag the civilized society back to the animal jungle;
Lost of identity and appreciate to diversity of art and culture caused keep fighting for
religions, nationality, political and natural resource among different group of people;
Nietzsche said that art is the wall between nothingness and death, lack of real art caused
spiritual diseases everywhere in the world and bring many social problems.
AIPA Chain has no ambition to create a utopia in the world, but to utilize the value and
influence of real art has potential and possibility to shape a better world, at least to attract
much more attention to art and culture by interest driven.
4. AIPA Economy
Art and things with art cause most emotional attention of people, and then reasoning activity.
Like all of token economy, AIPA Economy is also based on the principle of operant
conditioning and behavioral economy and could be one of the most typical and effective
model of token economies. Creativity, as well as to appreciate, and eager to own and to share
the result of creativity is human instinct. Art, together with science and technology invention,
represent the most desired and respected human creativity and could be the core of the most
influenced token economies.
a) AIPA Chain
The technology base of AIPA Economy. AIPA Chain will support ATO, Artists Token
Offering, the basic institutional system of AIPA Economy to let every issuer share his or
her art assets by AIPA Protocol which will be born with every artwork or project as smart
protocol with consensus algorithm, open database and distributed ledger as a
decentralized platform.
For artists, it is a close-fitting tool and private accounting assistant that can be easily used
to describe and record the value, shares and rules of deal for every single works and
creativities, as well as their intellectual property.
For collectors, art lovers and businesses around art, it is a distributed ledger and channel
to get a complete or shares of art and the technology underlying the explosion of AIPA
Token, the new particle reinforcers in the public market around art world.
For technologists, it is an open and asset-back coding and award system on that further
programs and Dapp could be developed easily.
b) ATO – A Market Place
The institutional base of AIPA Economy is ATO – Art Token Offering that will help artists
and institutes to issue his or her shares of art assets decentralized to the public for sharing
and trading. The assets could be physical art works and/or the copyright of the artworks,
art projects and programs. The execution of decentralized art token securitization could
become a new financial creativity,
A multinational lawyers’ review will be an independent document for this whitepaper. As
a decentralized platform, lawyers will play a major role of contributors to AIPA Chain.
And the artist who want issue his or her own shares or even tokens could decide at first
in which legal region the asset right could be effective and protected. And they could
invite specific lawyers to provide legal services.
A client sides promotion will need fundraising and evaluation of AIPA itself. To work with
the initial investors, a round of private placement and a presell process will be must. An
initial AIPA FUND will help to afford a full-stick services for the issuers to list their shares
on ATO platform.
c) AIPA Token
AIPA Token, known as AIPA, is an art asset-backed utility equivalent for value exchange
in the market place. AIPA will be under the standard of ERC 1400 that can bridge the gap
between crypto and fiat securities.
Artists are Root Issuers and their asset of works will be quantified by AIPA Token. Once
an issuer uploads the image and information of an artwork or art program, the consensus
algorithm will give out a suggested amount of AIPA Token automatically and a smart
protocol for future deal and trade will be generated.
Functionality will be added to the AIPA token contract as required, through the Ripple
mechanism. The powerful ability to add functionality and creating additional token will
never lie with the developers and root issuers of AIPA, but with a multi-signature contract
initially made up of members of the wider AIPA community.
AIPA will start from the art market and communities as integration. All kinds of
contribution such as creating and posting art works, organizing exhibitions and events,
buying and selling, forward information, ticketing, delegation of copyright and even
salute to show the appreciation to artists or art activities, etc., will have the authorities to
create and even directly get or increase the value of AIPA.
Although artists are root issuers of AIPA Token, there still some other people out of art
market who would like to consider their own intangible assets as art also can issue their
shares by ATO. Architects, designers, craftsmen, even a chef who might be considered
as food artist and confidence that there must be some demands in the market, they can
also access AIPA Chain and use AIPA Token as the basic cryptocurrency to issue their
shares and contribute the decentralized value exchange.
d) AIPA Protocol – Start from Every Single Work
AIPA Protocol is a kind of smart protocol born with a unit of art assets and describes the
total volume, the weight and rules of deal and use of AIPA Token of the unit.
An AIPA Protocol contains the total value calculated by AIPA Token of the art unit - an
art work, a series of art works, a group of artists or even an impartible program or
museum. The amount of AIPA Tokens could be divided into physical subject and
intangible assets by percentage, together with the description of the rules of expense
and income in buying and selling, trading, contribution, copyright delegation and so on.
Some of the rules are written in advance by consensus algorithm to be smart protocol
that could not be edited, and some factors have recommended numerical value that
could be revised by the issuers.
Once the art unit with AIPA Protocol was issued to AIPA Chain, AIPA Token contained in
the unit will start to be exchanged.
e) AIPA Exchange
Since AIPA represents the equity of art assets that could be widely owned and shared as
common value. It could be in a totally different category than most of other
cryptocurrencies and digital assets. If AIPA could be distributed from the artists
communities worldwide to the public market and represent the common value of human
wealth step by step, it will be on a status of majority in cryptocurrency market.
AIPA Chain could come to be an exchange platform for art and the communities around
eventually. Before that there is a long way to go, say, 3 to 5 years.
AIPA technology team, leading by senior software developer and architect, is looking for
a perfect exchange solution to create a platform for the primary trade for ATO from
several open source modular platforms such as Peakio.tech, Rubykube, Byrong,
Workbent and Kite. AIPA team will trying to cooperate with them one by one to have a
secondary trading platform to encourage and benefit the initial AIPA investors.
f) AIPA Communities and Ecology
DAO, Decentralized Autonomous Organization, one of the basic blockchain institutional
concept has already been a natural daily status in art world for long time. Different races,
nations, countries and even communities have their own art categories and most of the
art players are enjoying development of their own art and respect with each other except
those under dictatorship. Meanwhile they also have overall consideration to mankind
and care about the environment, health, peace, happiness and spiritual life. This can
explain the reason that when AIPA team mentioned blockchain with all kind of artists,
almost every of them could understand the concept immediately and eager to be
participate. By setting up technology platform and institutional design for the artists to
issue their intangible and entity assets, AIPA will not only help to provide a solution for
improving the artists’ financial conditions for their life and work, but also create an
ecology for people to share and appreciate arts much more easier by much lower cost.
In a much wider field.
Collectors group is somewhat judges like group to artists in traditional market. By AIPA
Chain they will be more like coordinators. Collectors most probably will be the earliest
group of people to trade tokens issued by artists, and then they will be benefit by the
growing both on value and amount added during the token’s development. Because
those who wholly buy the entity works will have the opportunity to share the result of
adding value of the art that will be used in derivative fields.
All the entrepreneurs who care about new idea and creativities will consider art as the
basic factor for their businesses, or they are artists by themselves, no meter they aware
it or not. Now they can easily chose and use all kind of art by delegation program of
AIPA Chain to increase the interface, quality or even function of their products and
services by simple smart contract under AIPA Token.
Curators, art dealers, vendors and consumers will all easily find their own way to reach
art and artists to organize exhibitions, to publish books, to provide courses in educations
or even to buy goods that delegated by art by effects of AIPA token. Eventually people
will find that art is not from life, on the contrary, human life rely on art.
5. Beauty of Technology
AIPA Chain is firstly an institutional construct enlightened by blockchain philosophy and
technology. Thanks for the effort of thousands of scientists and engineers, in current stage
there are varieties of choice for AIPA Chain to work with.
The architect leaders and technology team of AIPA team is utilizing their talent, faith and
expertise to evaluate and chose the most compatible open coding and platform to create
AIPA Chain to be one of the best consistent, most user friendly and the most save and security
crypto environment.
a) Public Chain and Token:
AIPA Chain will be a public chain and considering Ripple – Stellar open code to be
the first option. A modified crypto wallet and temporary token has already been
developed out and a first stage marketing and sampling could be supported;
b) Exchange Platform:
Peakio based RubyKube platform, known as its KYC-Know Your Customer duo
diligence capacity. the Kite installation & administration tool and the strong and
beautiful possible of Peatio API with external Front-End and server components, will
be the majority option to build the exchange market – ATO system;
c) Wallet and Dapps:
A core development team has been ready for work with AIPA’s initial market and
deal operation. A centralized at first and the decentralized wallet, a blockchain art
auction and an art project crowed fundraising community Dapp will be ready as
soon as the first stage of marketing and distribution campaigns.
6. AIPA Communication and Marketing
a) Art Market – Alpha DAO of AIPA Chain (ADAC)
Start from around 1000 important contemporary artists working and living in Europe,
China and the United States, radiate into 50 key art communities, avant-garde art gallery
planner, emerging galleries, collectors & art lovers of new generation will be gathered
and work together as a half-decentralized DAO – Distributed Autonomous Organization.
The reason that could not be a totally decentralized in the beginning is that there still a
centralized coordinating and technical team will help the members to understand and
practice on AIPA Chain platform and to optimize the technology and institutional design
meanwhile. We name these communities by ADAC – AIPA Dao Alpha Communities.
- Important artists online communities worldwide by Wechat, facebook, telegram and
Instagram will be generated first to do basic communication of Blockchain and AIPA
concept. At least 10 loose organizations of artists, more than 5 nongovernment
foundations and museums and 10 commercial business firms will support to
generate the first ADAC issuers together with at least 1000 artists in Europe, China,
the US and India.; (Notice 1 : the attachment of the list of artists and art institutions.)
- BlockChain and cryptocurrency driven art exhibitions and events will be hold step by
step. All the artists, curators, collectors, media reports and visitors who will have to
participate by token expense and earning. And AIPA will be permeated and activated
effectively in ADAC during the whole process. The exhibitions and events will be hold
by great idea and even much more attractive than the traditional boring and donnish
art activities in narrow groups.
- New concept art auctions and crowed fundraising for art works and programs will
be supported in the community and Dapp of AIPA Chain. The more trend of art
secularization and social ethics the programs are, the more fans with more tokens
will be generated, and the more value will be distributed in ADAC.
b) Derivatives Market
Derivatives Market refers to the fields that involve and influenced by arts. Even art is the
spiritual blood of social and some private activities of human being, to make the
communication and marketing strategies clear and improved step by step, we still define
the art derivatives market into 3 levels,
- Pan-Art Market. It is the public field that art is the major content but no direct deal,
such as public events, artistic publish, art education and training, entertainment
programs, art traveling and hospitalities. AIPA will play the role of award points,
copyright shares, exchange media and vote, etc. to remind and encourage people
to enjoy, take care of and appreciate arts and getting to earn or save cost;
- Industry Market, businesses that need art to do copyright delegation for production,
decoration for public and private space, advertisement and so on will find it could be
much easier and fluent to have it by AIPA Chain and with much reasonable and
accountable cost. Sometimes they can even get award for their contribution to bring
better live to their clients. AIPA team has already set up an art intellectual property
exchange platform, atart.com that could be altered easily to be a typical scene of
blockchain from the current centralized delegation market place.
- Financial Market, fundraising program of AIPA itself will be the initial steps into the
financial market. AIPA Chain is trying to get more and more attention from financial
market by preach and roadshow. The first AIPA fund will be issued to support the art
works and activities in ADAC. The potential of double growth of art and AIPA Token’s
value will be the key to attract professional investors.
c) Blockchain and Cryptocurrency Market
To help the assets of earlier owners of cryptocurrency down to earth and grow with the
growth of the value of art assets is the most important marketing point in Blockchain and
cryptocurrency group.
The attitude in majority cryptocurrency owners group needs real scenes and subjects to
save their assets and to utilize the faith to blockchain philosophy and technology. Art
could be one of the best choices and AIPA Chain will provide the channel to get. The
most important is that together with more involve of cryptocurrency investors and
engineers, a continuous self-improvement and the reputation spreading from ADAC will
eventually make AIPA to be a real blockchain system.
The owner’s group will be the priority of implementation of both a) and b) strategy and
a cell fission like effect will shows out base on the activities of artists, the most creative
group in the world.
7. AIPA Chain Contributors
a) Xiaofeng Ji: Co-founder and Director of Foundation; founder of Being 3 Gallery and
Atart.com – platform for art IP transaction; initiator of Biennale Italy-China; 15-
year of marketing & operating experience of international art market.
b) Jie Xu: Co-founder; Chief Designer of Technology Strategy; graduated from
Zhejiang University and Duke University; ph.D level in computer machine learning
from Duke University; masters of arts, engineering & Science; entrepreneur.
c) Sandro Orlandi: Planner of La Biennale di Venezia; initiator of Biennale Italy-China;
Famed Italian architect, show planner and art critics; Curator of Padova Youth Gallery.
d) Mian Bu：Poet; co-chief-art-adviser; chief liaison for artists; founder of Being 3
Gallery; initiator of Biennale Italy-China; 20-year of gallery planning and promoting
experience of modern art
e) Paolo Mozzo: Co-founder; Market Promoting Director for Europe; Founder & CEO
of Artanide.com; initiator of Biennale Italy-China
f) Miguel Soler-Doig: famed Spainish artist born from art family; Chairman of Ars
Fundom, with wide connection in Europe and Spaniard artists, collectors and
curators.
g) Jie Tang, Technology Consultant, Graduated from Shanghai Jiao Tong University,
MIT; Ph.D. in physics; expert in algorithm & computing finance; experienced senior
management
h) Yijie Shen, Financial and Legal Consultant, Juris Doctor degree from Washington
University (St. Luis); chartered lawyer for China and U.S.A; previously employed at
FINRA; expert in securities law, corporation law, and Q&A.
i) Lai Xu, Financial Consultant, Graduated from Zhejiang University, Duke University;
doctor degree in finance; Assistant professor at Syracuse University.
j) JianPeng Chen, COO，Investor of blockchain technology, currently researching art
and internet, Researcher of ArtBlockChain.cc
k) Shengchang Zhang, Business Development Director, Majored in mechanics from
Jiangnan University; founder of one of the largest chain-organizations for genuine
hair accessories, of one e-pay platform, of the first O2O laundry platform. Well
experienced in operation and promotion of mobile network.
l) Dapeng Ji, Technical Director, Bachelor of Engineering, CAU；Founder of atart； 10+
years of experience in product R&D of large enterprise groups, 8+ years of
experience in art Internet development and operation management.
8. Milestone
a) Oct 2017- Oct 2018: Prework
i. Market investigation – 100 artists and 100 people around;
ii. Centralized Art IP exchange platform operation – atart.com;
iii. AIPA Chain concept discussion and technology study – draft whitepaper trial;
iv. System test – Action based AIPA Token and Wallet limited release;
b) Nov 2018 – Jun 2019: Planning and Warming UP – ADAC Initiating
i. Evaluating and choosing official protocol, exchange platform and public chain
customization;
ii. Reg choosing and law firms evaluation;
iii. Generating communities of first 2000 members for ADAC;
iv. Implement kick-off art events of blockchain concept;
v. Start art auction program within blockchain market;
vi. Start private funding negotiation;
c) Jul 2019 – Nov 2019 Fundraising Closed
i. AIPA Foundation set up and start to work in Europe;
ii. Fundraising closed at 50,000 ETH or USD10 million;
iii. AIPA investment fund ready for ATO;
iv. ADAC members grows to 10,000;
v. At least 100 ATO issuers get the plan ready;
d) Dec 2019 – Apr 2020 AIPA Chain and ATO Released
i. AIPA Chain, AIPA Token and Wallet online for mining and exchange;
ii. First group of ATO assets start to deal;
iii. ADAC expand to be decentralized;
iv. AIPA investment fund start to work for initial assets dealing;
v. More than 50,000 AIPA members will be generated;
vi. Major Dapp for decentralized auction and crowed funding for art programs put
online.
e) May 2020 : Start ATO Exchange
i. DAO covers 30 out of 50 art communities worldwide;
ii. AIPA becoming one of the majority tokens in cryptocurrency market;
iii. Register for ATO supervision under the reg of SEC;
iv. Help to create 10 art events worldwide;
v. Start museum level AIPA tokenize process.
9. AIPA Finance
a) Issuance
i. Name: AIPA Token
ii. Symbol: AIPA
iii. Total initial volume: Forty Billion (40,000,000,000) in 30 years, or variables of
certain art value;
iv. Added volume: there will be proportional added volume after strict hard
transactions such as entrance, auctions, trading, legitimate currency purchasing,
etc. are functioning;
v. Burning: The function is set to adjust token value through buying out with
legitimate currencies and forcing token for certain art works or IP out of the
market, or other burning measures
b) Initial Rate and Fundraising
i. Exchange rate for crowed funding and presell：1 ETH = 30,000 AIPA;
ii. Onetime ADAC fundraising:
50,000 ETHS (or USD10 million) =2,000,000,000 AIPA
c) Distribution
i. ADAC-Alpha DAO of AIPA Chain investors: 5%;
ii. AIPA Chain and ATO Development: 15%
iii. Foundation: 5%;
iv. Maintenance: 2.5%
v. Global Marketing: 2.5%
vi. Start Up Team: 5%;
vii. Public Mining: 65%
d) Funding Purpose
e) AIPA team: 20% to maintain a team of operation and engineers to support AIPA
infrastructure;
f) Improving algorithm capacity: 10% to purchase public cloud or distributed cloud to
support the development and improvement of AIPA;
g) ADAC Generating: 60% will be used to contribute the Alpha Distributed autonomous
organization of AIPA Chain by helping artists to issue their shares and assets an
encourage members around to deal;
h) 10% for operational management: to cover the operational costs of legality, security,
accounting, and HR, etc.
10. Conclusion
To reflect and challenge the current social structure, interest patterns and power allocation
has constituted the basic standpoint, perceptions and even behavior styles of artists and their
supporters, who have never stopped endeavor for a more fair and better world.
The elementary feature of blockchain ensures the identical amplification of local success to
the complete system. AIPA chain stems from the essence of arts and the basic needs of art
world and around. Its basic logic and operation model will meet such needs, thus will win
their support and engagement as ever.
What will happen in the future is beyond our calculation and confidence. Things rarely stop
once start. The constant drive from arts and surrounding world will keep on improving the
institutions and technology of AIPA, and thus push us into a new era of constant development.
Official Website：www.aipa.city
Facebook: www.facebook.com/aipatoken
Wechat Code: AIPAWORLD
AIPA Team @ Being 3 Art Consulting LLC, CO, USA
Last editing date: Jun 6st, 2019