ArtVerse, a blockchain-based art platform, is preparing for its presale launch on Bitrue. The platform plans to distribute ArtVerse’s native token, AVT, with the event rolling out on September 27. Currently, Bitrue is hosting a warmup before the presale date, offering a giveaway of 13 billion AVT.
Users can take advantage of the 4 options available on the platform. The first giveaway involves BTR holders, whereby you will receive the airdrop according to the BTR amount you hold. To be a part of this giveaway requires you to sign up for the airdrop on the Bitrue event page.
The second giveaway requires you to share the event on social media platforms to have a chance of receiving a random amount of AVT between 1 – 100,000. Furthermore, anyone who shares it on Twitter automatically gets entered into a grand prize drawing for 1 million AVT.
The third giveaway involves you sharing the event and getting valid referrals with a chance of earning 100,000 AVT. Notably, all referrals should successfully pass KYC verification. You will receive your reward as soon as a referral passes the verification.
The last giveaway will let you earn a bonus if your referrals purchase AVT during the presale. The prize pool division will depend on how much the referrals buy and their number in total. ArtVerse will disburse all the rewards on September 30 at 1300 hours except for the third giveaway.
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The AVT Token Presale
VT is an ERC-20 token behind all activities on ArtVerse, with a total supply of 21 trillion tokens. The project will be dedicating 4.2 trillion coins to the presale, available only on Bitrue. As an investor, you should be careful of any other platforms that may pose as AVT distributors.
Here is a breakdown of the rest of the tokens:
- 10% to the private sale
- Foundation operations – 25%
- Team – 20%
- Community yield farming – 15%
- Development costs – 10%
As per Bitrue’s Twitter post on September 23, AVT yield farming has kicked off; users can stake their coins to earn passive income. It incentivizes the process by offering rewards to users who participate in the staking pools.
Users will use the token to pay for transaction fees on the ArtVerse platform, with a 5% charge on all fees. 50% will reward users who stake the coin, while the other half will assist in strengthening the platform’s content creators for better art.
Lastly, the coin holders will have an added advantage of gaining governance and voting rights; they can participate in decision-making processes on the platform.
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