artèQ | Important Update No. 2 on artèQ Investment Fund Structure
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Important Update No. 2 on artèQ Investment Fund Structure

    Sat, Dec 18, 2021 12:51 PM

 

 

This is to announce that ARTEQ’s initial token distribution has been decided by artèQ Investment Fund’s management team to be done as follows. This has already been mentioned in the artèQ Investment Fund’s white paper.

 

  1. Every individual known as an early adapter or an initial investor receives a number of tokens with the price of 0.01 EUR.
  2. ARTEQ tokens immediately become available for trading in a Uniswap V1 DEX pool. The first provided liquidity will be equal to 10 ETH.
  3. All of the tokens get transferred to the Treasury smart contract as the main place to keep Fund’s assets.
  4. Every three months, based on the Fund’s performance, a number of tokens are either:
  • released as liquidity to the same Uniswap V1 DEX pool with an equivalent amount of ETH.
  • bought back from the Uniswap V1 DEX pool by paying an equivalent amount of ETH.
  • sold to the Uniswap V1 DEX pool by receiving an equivalent amount of ETH.
  1. In a near future, we employ a DAO mechanism to decide on the actions mentioned in the previous item.
  2. By having a multi-signature admin wallet managing the ARTEQ smart contract’s actions, we mitigate the risks regarding the loss of admin’s private key or similar centralized risks.