Artfi Token
The Artfi token will be used for NFT marketplace payments, to reward stakers, and as a deflationary store of value asset designed to appreciate as the company grows and uses its revenues to burn the fixed supply. Artfi’s profitable consignment-based business model is structured to accrue value to the Artfi token.
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The Token Economy
The Artfi token ($ARTFI) is a revenue sharing utility token. It is a native token on Sui blockchain.
Revenue Sharing
The main purpose for someone to hold the Artfi token is to benefit from a hard-capped deflationary token whose value reflects Artfi’s ability to generate current and future revenues.
Artfi will earn revenues from commissions on consignments of artworks to be fractionalized and sold as NFTs, along with artworks deaccessioned from the Artfi collection which are resold at a future date.
Mechanism
Buy Back & Burn
Artfi will allocate 30% of its revenues from commission fees earned on consignments and artwork sales to the token burning program.
The burning of tokens is the best way for Artfi to distribute its revenues amongst token holders and encourage early entry into the token. By decreasing the number of Artfi tokens in circulation, every token holder’s percentage of the overall supply will increase.
As the company grows and takes in higher revenue totals each year, the amount of Artfi tokens bought on the open market and burned will increase. This revenue distribution model based on the burning of tokens from a fixed supply could create an exponential price appreciation trajectory.
Vision & Utility
Accessing the Marketplace with users exposed to art offerings, earning fees and yield on the commission that sellers have paid for, early access to blue-chip art offerings, artists profile listing, and as a fee module and as a deflationary store of value asset designed to appreciate as the company grows and uses its revenues to burn the fixed supply. Artfi’s profitable consignment-based business model is structured to accrue value to the Artfi token.