ART Token
Token Overview
The VAULTs native token is VAU, which is used as the chains native currency. The base currency has a fixed initial offering amount of 1,000,000,000 VAU tokens. Any initial unpurchased tokens during the series of initial launches are permanently burned. Future tokens are generated through network block validation, or PoS.
Ideally, there are paired stablecoins with VAU to ensure consumer usage without risk to price slippage or inflation.
The initial coin offering is set to have Arthur Labs DAO ownership tokens spread across Ethereum, Polygon, Base, and various platforms. All holders who purchase initial VAU tokens will receive 30% additional tokens for their initial purchasing.
Currently, as of Jan 15th, Arthur Labs is legally structured as an S-Corp. However, with the initial offering, Arthur Labs will be restructured into a Wyoming DAO LLC with its correctly allocated percentage ownership.
However with the blockchain completing development, the legal infrastructure will change from an S-Corp to become a DAO. This is due to the current lack of decentralization in the network, and need node operators and validators to begin voting in DAO governance.
Staked tokens act as validator nodes. Nodes will be required to hold at least 500 VAU tokens in order to become an operator and validator. These pools of VAU work towards validating transactions and optionally operating to validate authenticity of a specific transaction. Based on their activity in validations and good actions of a node, they will receive additional tokens as rewards.
Arthur Labs would like to see a future similar to Polkadots parachain mechanism, where side chains can exist in harmony. Each parachain hosts their own blockchain cryptocurrency, while being functionally exchanged in other networks in its ecosystem. The VAULT would like to perform a similar act, where standalone networks can join this network and use its core infrastructure to generate a new blockchain dedicated towards real world utility.
Token Utility
The intended future purpose of the token is to validate transactions, giving staking rewards to long term holders. Additionally, the token aims to be used as primary form of payment across Arthur Labs native marketplaces and commerce platforms. Token holders would receive rights to earnings across marketplaces and would act as a percentage ownership of the chain and DAO.
These tokens additionally can be exchanged for ART.A shares, which can then be used as operational voting ownership and governance.
Token Economics
Marketplaces produced from the DEAN and ROSE systems will have a joint earnings reward for both parties transacting in a trade agreement. These earnings will be ART.B token, which can be utilized inside of the parachain, or sold for open market value.
A treasury will be hosted additionally to incentivize RWG, RWS, and RWD development inside of Arthur Labs ecosystem, as well as layered applications.
Token Sale Details
VAU tokens are available in the Polygon and Ethereum main network for the initial coin offering purchase. Both of these contracts will store the initial owners address and will be saved until the test network and main network is released, there the holders can stake and continue their interest in Arthur Labs.
Initial token sale revenue is used to hire and onboard developers and marketing agents to continue the expansion of the ecosystem. Launching live marketplaces available in Ethereum and Polygon.
Users will additionally receive VAULT tokens as they transact inside of the existing marketplaces.
Additional tokens will be distributed to bounty hunters and community in forms of Airdrops for their engagement and value.
Platform Revenue Model
Every marketplace produced in both DEAN and ROSE is aimed to have a targeted marketplace owner in a standalone EVM compatible chain. Additionally, marketplaces are produced to only be viable regionally. Ideally, Arthur Labs hosts and maintains a series of platforms across leading chains, like Ethereum, Solana, Sui, Rootstock, Polkadot, and Cardano.
Revenue generated from the centrally hosted chains will be invested into building the larger ecosystem.
Generally speaking, Arthur Labs will aim to receive 2.5% transaction fees for product sell contracts to be generated into the marketplace + a flat 0.25 fee. Then an additional 2.5% and 0.25 is charged to the contract purchaser, with a final 2.5% and 0.25 final charge for both parties during the payment proxy stage.
For instance, a 20.00 item will earn a total of 10% in transaction fees, and a 1.00 flat fee, as both parties pay 5% and 0.50. Earning a 15% margin.