ArtCoin, the first cryptocurrency linked to the art world born in July 2021 and traded at one dollar per token today exceeds its initial value by more than 46.37 times and has remained firm and solid during the so-called “flash crash” in prices which led to some 550 billion dollars being burned.
The “table coin”, which has given yet another proof of its estate, passing unscathed to that and to all the shocks that have occurred to date, has today set a new and further basis for growth and solidity as a guarantee for its investors. Thanks to its stability, the cryptocurrency “spokesperson” of art has entered the Bibox family, the exchange based in Hong Kong and China that since its very first days the platform has obtained great acclaim thanks to its peculiarities in terms of transparency , stability and safety. Peculiarities and prerogatives that have characterized Artcoin since its inception.
Thanks to ArtCoin, the works become the financial underlying of the digital currency in order to guarantee investors, art lovers and the cryptocurrency market a long-term capital gain. In fact, art has always been one of the few assets that has maintained and increased its value over time, generating profits.
«The idea behind this crypto is a brilliant idea: usually art collectors buy works so that the eyes can enjoy the work. The revolutionary idea of ArtCoin lies in making income from assets, such as works of art, which until recently were non-interest bearing except at the time of sale “explains Lorenza Morello, company lawyer and managing director in pectore di ArtCoin.
So what do you do? When you have a work of particular artistic value, whose provenance is certain, you can put ArtCoin inside with a value that would make the owner satisfied in case of sale. At this point, a rental price is established, lasting one year. In this period the work is rented on a financial level, in the sense that it physically remains in the availability of the owner, but ArtCoin pays an advance rental and issues a token number equivalent to the price that has been established to be the one suitable for the sale. If a work, for example, is valued at ten million euros, and you find a buyer who buys those ten million tokens related to the work, then you go back to the owner of the work asking if he wants to sell it or if he prefers to increase its value. value.