You have questions about:
- General Topics
- Real-life use cases (& Streems)
- ATS coin
- Investment Process
ARTIS is a Blockchain built to serve as a foundation for decentralized applications by providing an open-source ecosystem sharing many similarities with the Ethereum Blockchain and therefore enriching the application space for new business models. For an in-depth comparison between ARTIS and Ethereum, click here.
ARTIS is a unique Blockchain that does not run on top of any other Blockchain. As an independent platform, it has its own coins called "ATS".
ARTIS has no connection to Artis Turba in any way. Information about the ARTIS blockchain project will only be published on artis.eco
ARTIS is compatible with the Ethereum development ecosystem and provides the same Turing complete smart contract functionality.
ARTIS addresses three major blockchain problems: scalability, energy consumption and a fair distribution of coins to 'accountable pseudonyms' (uniquely registered humans called Members). Read more about these blockchain problems here. For ARTIS, the concept of 'Streems' (literally flowing cash) demands a change of the protocol which would be difficult to get through an EIP (Ethereum Improvement Proposal). Furthermore, we need a consensus with fast finality and can't use Casper, the soon activated PoS consensus for Ethereum. But the most obvious reason is the distribution of the base coin, which is needed to pay for transactions. For ARTIS approximately 75% of ATS will be distributed to members of the ARTIS network, and this will allow a broad application of real-life use cases.
No, the future will have many interlinked Blockchains while the technology and applications are still evolving. You can find an in-depth comparison of ARTIS and Ethereum here.
Blockchains are based on the principle of 'anonymous transparency'. Online anonymity often appears to undermine accountability. In ARTIS, humans will have the possibility to be registered anonymously and receive ATS for free. Find out more about 'anonymous transparency' in this Whitepaper: https://pdos.csail.mit.edu/papers/accountable-pseudonyms-socialnets08.pdf
ARTIS will solve this difficult problem in the beginning by hosting pseudonym parties. To create accountable pseudonyms, a combination of in-person social gatherings (Parties) and technical infrastructure (a pseudonymous sign-on service) will be used. This ensures that one real person gets only one virtual persona on any participating online service. For more details, see this whitepaper: https://pdos.csail.mit.edu/papers/accountable-pseudonyms-socialnets08.pdf Beyond that, various biometrics, random location-based challenges and in-app games are evaluated for a more scalable but still trustable solution.
The lab10 collective eG is a cooperative based in Graz, Austria. All its projects are supporting the transition to a free, fair and educated society. It consists of 37 members and continuously grows in members and talents who join the purpose-driven and profit-oriented cooperative. Meet the team and find out more at https://lab10.coop/en/team
As opposed to Blockchains that use the energy-intensive Nakamoto consensus algorithm (Proof of Work), ARTIS will work with Tendermint, a known Proof of Stake algorithm which is much more resource efficient. Read more about it here.
To receive ATS, people have to register as unique humans. Each registered and signed up Member will continuously receive a "streem" of coins. To read our blog article on ATS coin distribution, click here.
While everyone can use the ARTIS Blockchain, humans can become a member through registration. The coin distribution will then build on the unique user base to evenly distribute coins among all ARTIS members and allow them to use other services on this Blockchain. Read more about our human-centric approach here.
For technical suggestions and improvement proposals, the global developer community can contribute through open source platforms (similar to how Ethereum uses EIP (Ethereum Improvement Proposal) to manage suggestions). For non-technical proposals, ARTIS plans to use its trusted network in combination with Liquid Democracy to allow decentralized decision making.
The ARTIS network comprises Trustnodes, Freenodes, Registrars and Members. The consensus will happen on Trustnode level. These Trustnodes will be scattered all over the world assuring different legislations and high resilience. After an application process, the real identities of Trustnodes, Freenodes and Registrars will be known within the system. This ensures global distribution and a real web of trust can be formed and maintained.
ARTIS allows all sorts of business models which will work on a smart contract platform. Time based payments, like subscriptions, wages or instalments can leverage the power of STREEMs. Beyond payments, you can think of time based value transfers like handing over a house to an heir over time or provide pocket money to your children.
Convenience. Just imagine a service where you pay-per-use like urban parking or consuming media. When you start using the service, you don't always know for how long you are going to use it. You just have to start a STREEM (automatically) and end a STREEM (automatically). Transaction costs arise only at the start and at the end. In other use cases, STREEMs avoid risk asymmetry caused by discrete payments in advance or afterwards.
For example paying for parking: As you park your car, the parking spot sends a trigger and your car (its wallet) streems money automatically for the service. It stops streeming once you leave the parking lot.
Sure, discrete payments are supported as well and on a technical level they are handled differently than Streems.
Yes. Because ARTIS shares the same code base with Ethereum and uses the EVM, you can deploy any Ethereum-based application on ARTIS as well and use Ethereum development tools.
The development of ARTIS is currently in full swing, with the testing phase running until November 2018. Starting in December 2018, a defined set of trusted nodes will develop the system cooperatively. You can see the ARTIS roadmap here. If you would like to participate in the ARTIS development, please contact us.
No, but ARTIS shares the same code base with Ethereum: We are building on the achievements of a large and established community instead of re-developing everything from scratch. It will be easy for developers who already know Ethereum to develop for ARTIS .
ARTIS will be using Tendermint, a well documented Proof of Stake consensus algorithm to avoid the energy-intensive Nakamoto consensus (Proof of Work).
The increase from 3bn pre-mined ATS to the maximum amount of 21bn ATS will be system-generated and given to the ARTIS Network (Trustnodes, Freenodes, Registrars and Members). Thus, to receive ATS, you simply become part of the ARTIS Network.
The ARTIS Network consists of Trustnodes, Freenodes, Registrars and Members. Each of them has different responsibilities in the network. Trustnodes will manage a certain amount Freenodes, while each Freenode can have up to 100 Registrars. And every Registrar can register up to 500 unique humans (Members).
Updates on Ethereum are constantly watched and implemented in ARTIS (if compatible). Furthermore, developments and improvements are actively provided to the Ethereum ecosystem as open-source.
Every EVM compatible smart contract language (e.g. Solidity) can be used for ARTIS.
Our Virtual Machine will be the same as the one Ethereum is using - the EVM.
When applications use STREEMs, transactions will most likely be very inexpensive due to the low number of transactions and the direct implementation in the protocol. Transaction fees for discrete payments and one-time value transfers depend on the load on the Blockchain. But due to the Trustnode network, it will be easier to raise block gas limits and maintain low block times assuring low transaction fees and high throughput. Proposed scaling suggestions like sharding will come in handy to further scale the number of possible transactions per second and avoid raising transaction costs.
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ATS are the coins in the ARTIS blockchain and are needed to use this public blockchain. In ARTIS, humans will be registered anonymously and will get freshly minted ARTIS coins ("ATS" or "Shilling") via a Streem.
To invest in ARTIS, click here. At the time of TGE (Token Generation Event) we will issue ATS tokens (ERC20 on Ethereum). ATS tokens will be swapped for ATS coins as soon as the ARTIS mainnet is live (planned for December 2018). Once the mainnet is live, it is also possible to become part of the ARTIS network (Trustnode, Freenode, Registrar or Member) and get freshly minted ATS coins directly.
How to invest, click here.
ARTIS is a flagship project that is leading the way to a future worth living in. To find out more, click here.
Your investment will go towards the ARTIS Foundation (to be founded), a non-profit organization located in Europe. It will provide financial support for the protocol and platform development and other important 3rd party activities enriching the open-source space and the ARTIS ecosystem.
After the initial coin distribution is over, ATS tokens may already be traded on some exchanges. And once they can be swapped for ATS coins, it is likely that even more exchanges will be interested in listing ATS. However, due to the dynamics of regulation on centralized exchanges and unclear developments on decentralized exchanges, no guarantees regarding listings can be given.
You can (directly as well as indirectly) pay for any service launched on top of the ARTIS Blockchain. ATS coins are also needed to pay transaction costs.
The initial coin supply will be 3,000,000,000 ATS. The increase will depend on the network growth and the involved infrastructure. However, the maximum coin supply is capped at 21,000,000,000 ATS.
If there are any unsold ATS left at the end of the open funding round, they will be kept separate for later financing rounds. Based on the established baseline for the Ether-ATS valuation during the open funding round, any later financing round will be conducted at a higher price for ATS, taking into consideration the current market price to avoid any downward price pressure.
ARTIS is supposed to provide a certain coin circulation even after reaching the maximum supply, so that the ARTIS network is continuously rewarded with ATS. Discussed ideas are a demurrage on obviously frozen accounts (lost private keys), fees for businesses that benefit from this public platform and members could get ATS through loyalty schemes. It should be kept in mind that it will take at least 10 years until the maximum coin supply is reached, assuming 250m registered members.
The Public Funding Round starts on May 31st 2018 at 13:37 CEST. Investors can reserve their share of ATS tokens. The Public Funding Round ends with the Token Generation Event (TGE) and takes place on October 26th, 2018 at 13:37 CEST.
Early investment is rewarded with additional 10% p.a. ATS Tokens. The earlier Ether (ETH) is sent to the Smart Contract, the more bonus Tokens are received.
You are offered a convenient and inexpensive way to participate. Unpredictable transaction fees at a certain time won't affect you and you can simply secure your share of ATS without any risk regarding the exchange rate.
Furthermore, if you don't want to keep track of the project all the time, you might just miss the chance to be part of the ARTIS Public Funding Round and you would need to wait until you can buy ATS tokens or ARTIS Coins on exchanges.
You can send a "Zero" Ether transaction from your whitelisted and originally used Ethereum address towards the smart contract address and you will get your Ether back. The needed transaction fee for the withdrawal will be automatically deducted from your funds.
The process is built for simplicity and will allow investors to deposit Ether (ETH) into a smart contract, where the funds will stay in possession of every investor. At the TGE, all ATS tokens are generated and every investor will receive the corresponding amount of ATS tokens defined by the exchange rate at the time of the TGE. ATS tokens will be distributed on a first-come-first-serve basis.
The ATS tokens are planned to be generated during the Token Generation Event on October 26th, 2018.
Swapping ATS tokens for ARTIS coins will be possible as soon as the ARTIS mainnet is live, which is planned for December 2018.
We will offer the best legal set-up (in Europe) to handle your investment in the safest and most transparent way.
Learn more about our project and experience ARTIS in action. We plan to make the test net and wallet public so that you can convince yourself about its maturity.
Avoid unpredictable transaction fees at a certain time and secure your share on a first-come, first-served basis.
You get more flexibility in planning your investment, full control over your reserved deposits and can even withdraw your investment anytime before the TGE.
Yes, investments above € 100k (also in FIAT money) can also reserve their share of ATS tokens. These investments are handled off-chain via dedicated old-school contracts and are available for the same conditions (€ 1.5 ct à ATS token). Please contact us directly.
The Private Sale will continue until September 30th 2018.
Accounting in the real-world is typically a period-based activity, e.g. monthly. In systems working with Streems, the total amount payed during a specific time period will be used for accounting. This specific amount would have to be stored in the accounting software.
The easiest way of paying taxes in the future would be to directly Streem e.g. 20% of a taxable transaction to the financial authorities. This, by the way, could also be done for other one-time transactions. Legally, this is not possible (yet), but a progressive country (e.g. Sweden) may prefer using a more streamlined system to reduce accounting efforts and increase transparency.