Whitestone Gallery Hong Kong has announced plans to conduct ICO, the proceeds from which will go toward the construction of Art Trading Platform.
Art Trading Platform by Blockchain
By using funds raised by ICO, a distributed appraised art trading platform will be built by using blockchain technology.
Distributed appraised art trading platform is to bring interactions among artists, art lovers, galleries, auction houses, art colleges, art critics, collectors, etc. such as viewing and appreciating each other’s artworks It is a network that enables people to interact and realize an environment where many people can become familiar with art, as well as enabling their trading and settlement.
In addition, it will be a place to invest in works of artists whose evaluations are lagging internationally and to introduce excellent art to the world simultaneously. On the existing art trading platform, middle agents charge a high transaction fee to both the seller and the collector. This platform provides services that are impossible to achieve with existing trading systems such as smoothing transactions and further reducing fees.
Also, we plan to offer appraised art by linking biometrics such as fingerprints with secret keys by blockchain. With this system, the genuine problem will be solved.
ICO Participant’s Benefit (Token Holder’s Benefit)
1.Karuizawa New Art Museum entry ticket
- 1 ticket per 10 tokens (digital distribution)
2.Reward purchase benefit at Whitestone Gallery (Tokyo, Karuizawa, Hong Kong, Taipei etc.)
- Holders of 100 tokens or more · · · 10% discount
- Holders of 200 tokens or more · · · 15% discount
- Holders of 500 tokens or more · · · 20% discount
- ※ Procured art by fund raised by ICO is included
- ※ Some artworks are not included in award list
3.Original digital artwork
- We will give all the token holders the original works by world-famous ital artist, Naoko Tosa., etc. for over 10 Token purchase
The ICO will run from January 25, 2018, 14:00 (JST) through April 3, 2018, 14:00 (JST). Bonus tokens will be awarded to investors as follows:
- Phase 1: 30% Bonus: January 25th 14:00 (JST) – February 8th 14:00 (JST)
- Phase 2: 15% Bonus: February 8th 14:00 (JST) – February 28th 14:00 (JST)
- Phase 3: 5% Bonus: February 28th 14:00 (JST) – March 14th 14:00 (JST)
- Phase 4: No Bonus: March 14th 14:00 (JST) – April 3rd 14:00 (JST)
For more information about the ICO please visit whs-coin.com.
About Whitestone Gallery
Established in 1967, the Whitestone Gallery has dealt with a wide range of works from modern master paintings to contemporary art. We have organized various art projects as a pioneer of art galleries by developing art exhibition nationwide, including solo exhibitions, group exhibitions, comprehensive exhibitions of famous writers sponsored by department stores, museums, newspaper companies, etc.
In the 21st century, with a view to the world’s art market, we are further expanding our business development such as participating in art fairs all over the world and opening stores in Hong Kong, Taiwan and others.
This year, marking the 50th anniversary of our foundation, is regarded as the “first year of reform”, we will integrate FinTech with high affinity in art to Art Business, to realize worldwide art transactions safely and conveniently. For a further development, we will conduct ICO as White Stone Gallery Hong Kong to raise funds.
Company Name: Whitestone Gallery Hong Kong
HK Wong Chuk Hang 6F
Heung Wah Industrial Building
12 Wong Chuk
Hang Road, Hong Kong
Capital: US$ 1,225,806.45
Images courtesy of Whitestone Coin
The post Whitestone Gallery Hong Kong Conducting ICO for Developing Art Trading Platform Based on Blockchain appeared first on Bitcoinist.com.