ARTE price

ARTE

$ARTE is a utility token with a buyback-and-burn mechanism (we use 5% NFT royalties to burn $ARTE), as well as multiple utilities related to the ArtPunks NFT collection. With $ARTE, holders will be able to: - Upgrade their ArtPunks NFT via the ‘Restoration’ system. - Purchase ArtPunks Paint Palettes to change the painting style of ArtPunks. - Enter lotteries for physical works of art as well as NFTs. - Purchase subscriptions to an educational virtual art gallery. - Use it to create "Landscape NFTs" - low supply, upgradeable, gamified NFTs. In short, the $ARTE token is the fuel of the ArtPunks ecosystem - in all of the above utilities, used $ARTE will be burned - reducing its supply and increasing its value!

$ARTE will be burned in all utilities mentioned above, however, its main element will be the unique buyback & burn mechanism based on the ArtPunks royalties. We will use the 5% royalties of the ArtPunks collection to burn $ARTE every day. Thanks to this, we will reduce the circulating supply of $ARTE and increase its value. The ArtPunks collection already has over 10,500 $SOL (~$1,150,000) volume, using 5% of this to burn $ARTE will support long-term price stability and value growth.

More info in the litepaper: https://art-punk.gitbook.io/usdarte-token/