The World s First And Only Crypto Auction House White Paper

Transcription

1 The World s First And Only Crypto Auction House White Paper 1

2 2 TABLE OF CONTENTS 1 ABSTRACT Why do we need yet another token What exactly is crypto artwork Why can t already existing cryptocurrencies be used? The goals of DARTOB How many pieces of crypto artworks will there be in total. 6 2.INTRODUCTION Understandable language A new business open to everyone What exactly does the DARTOB do VISION INITIAL COIN OFFERING (ICO) Why an ICO Special Profit Token DARTOB Token sale structure Token sale procedure and allocation Allocation of raised funds MARKET LANDSCAPE The actual state of things Where DARTOB makes a difference The increase in value of the token DARTOB and Continuity How much is the crypto artworks market worth Market forecasts Competitors.20

3 3 6. EARNINGS AND ADVANTAGES OF DARTOB How to make money on tokens Economic Advantages MISSION The role of DARTOB Problem statement Solutions, immediate and future development TEAM Competency and synergy Anti-counterfeiting System ROADMAP WHY BUY DARTOB TOKENS SOME FURTHER DETAILS DISCLAIMER.38

4 4 1. ABSTRACT 1.1 Why do we need yet another token The numerous start ups and their ICOs which have been set up over the past few months should be the ones asking themselves the same question, and more importantly they should be the ones giving their investors a valid reply. It doesn t seem to us that this is the case at all. As far as our start up is concerned, we can give you a straightforward answer: the DARTOB token is necessary for the creation and development of a new market, that is to say the crypto artworks market. It is a market based on blockchain technology of the most famous artworks in the world, in a crypto version. Let us point out that the more commonly known cryptocurrencies such as Bitcoin, Ether, Bitcoin cash, Ripple, Litecoin, IOTA etc. are completely unsuitable for both the market and crypto artworks auctions as they were not created nor developed for such a purpose. These cryptocurrencies can certainly be used for a variety of products, but not for goods such as crypto artworks, otherwise we would have a market distortion as will be explained further on. DARTOB is therefore the first start up in the world which deals with the creation, marketing, and auctioning of crypto artwork on a global level. It does not however deal with the traditional physical artwork market, which already has a myriad of platforms and auction houses. 1.2 What exactly is crypto artwork Crypto artwork is artwork in a purely digital format and not a physical one. Therefore it is a digital asset, artwork which is created in a crypto format, thus like a cryptocurrency. It is expressed via an exact and constant alpha numeric sequence, or rather a complex code, and it can easily be placed in a wallet. Crypto artwork can exist as a unique specimen. It can only have one corresponding physical artwork worldwide, that is the artwork in its actual format which we are familiar with and is preserved in a museum, private collection, or in a noteworthy historical site.

5 5 Furthermore, seeing as a cryptocurrency is a coin which does not exist in its physical format but only in a digital format with a limited amount, why not do the same for crypto artworks? DARTOB is doing just that! 1.3 Why can t already existing cryptocurrencies be used? The DARTOB token has been created specifically for the development of the global crypto or digital (the two names mean the same thing) artwork market, so that the DARTOB quotations on the coin exchange will increase in a proportionate and parallel manner to the crypto artworks quotations sold at auction. It is not in fact a general market but rather a market which follows a separate development and which must be free of other influences, considering the goods being dealt with. By using other cryptocurrencies, market distortions in the price of crypto artworks and the cryptocurrency being used is generated. The latter are in fact subject to changes in the currency quotations that are dependent on other numerous factors, like for example the technology used for its systems, the performance of their start ups, by the amount of coins present on the market, legislative regulation regarding them etc. Clearly we must have an ad hoc token, the DARTOB token, conceived, created, and developed for such a market. Only in this way can the market develop in a wholesome, genuine manner with enormous potential. 1.4 The goals of DARTOB The new market which we want to create will be open to all, any investor will be able to participate without having to know about the art sector. DARTOB is working hard to be the first crypto auction house in the world. It wants to be the global leader in making large profits for all of those who intend to participate in this business, with huge earnings on the quotations of crypto artworks, on the quotations of the DARTOB token and on the extremely important monthly distribution of proceeds for 20 years to all of the buyers of the Pre-Sale tokens. DARTOB wants to distinguish itself in every aspect from all the other start ups and ICOs that are on the market now and have been in the past.

6 6 1.5 How many pieces of crypto artworks will there be in total There will only be a total of 25,000. Only the most noteworthy artworks of humanity, estimated to be fixed at 25,000 can become crypto artworks and will be put on the world market gradually over a 20 year period. We are creating the most precious digital goods of all time. Just to provide a comparison, the crypto artworks will be 840 times rarer than Bitcoin. In addition they will each have their own individuality, which will be determined by their alphanumeric sequence, from the name of the corresponding physical masterpiece, from the corresponding artist, year, etc. just like a person s document identifier.

7 7 2. INTRODUCTION 2.1 Understandable language In the current white paper we will try to use clear, concise, comprehensible language, suitable to those who are being introduced to the world of cryptocurrency and blockchain for the first time. One reason for this is that very often the numerous ICO white papers use a highly technical financial jargon, which on the whole is not very clear. It turns out that they are very similar to each other, almost like carbon copies. It is our belief that a white paper should aim to explain to its readers in a clear and concise manner, the reasons for the creation of the start up and its Token, its purpose, its place on the world market, its timing, eventual competition, eventual difficulties, goals, yield and features capable of providing it with continuity over time. 2.2 A new business open to everyone The new business that we want to develop with crypto artworks will be open to anyone wanting to participate and invest. There is no need to be an expert or connoisseur of art to participate. The market will be free from all restrictions, obviously using decentralized and completely secure technology. Everything will take place in a decentralized manner, yet at the same time we want to be the cornerstone of the global market. Everyone will be able to invest in this new market, from private money savers to private speculators worldwide, private businesses, foundations, companies that operate in any and all sectors and companies that already work in the art sector. Our experts believe in the forecast that in the future we will reach the point, given the development and popularity the market reaches, that the prices of crypto artworks will be almost the same as the prices of their respective traditional artworks. Seeing that crypto artworks do not entail copies, reproductions, and photos, in fact they will in no way interfere with any of the rights of the material property such as reproduction, use of artistic images, copyright and so on. Therefore no one will ever be able to claim compensation of any kind or of any title, with respect to DARTOB or to the future owners of the crypto artworks.

8 8 Crypto artworks include, in agreement with DARTOB s collaborations, paintings, sculptures and historical paper goods, preserved in the most important museums, libraries, and private collections worldwide. They also include other prestigious artistic and historic goods whether small or monumental of world relevance. 2.3 What exactly does the DARTOB do The potential impact of technological development in the investment world is one of the hot topics nowadays. Various start ups are trying to modify the offers and services linked to investments. DARTOB aims directly at the heart of this development, in order to offer new unique products at a high yield, whether they are direct expressions of an economic, historical, artistic and social patrimony of humanity, creating a perfect marriage between one of the most traditional markets, that is to say works of art, and the technological development of this new scene in the digital world of blockchain. DARTOB absolutely does not want to deal with the purchase and sale of actual physical works of art, a sector which is already saturated, in both traditional and online auctions, not to mention traditional auction houses such as Christie s, Sotheby s and so on. DARTOB is instead creating a new market through blockchain technology, which will exclusively deal with the purchasing and sale of the most famous works of art worldwide in their digital version. So in the same way as cryptocurrencies were created and developed under the noses of everyone, which are not material or traditional currencies but are a true expression of digital innovation, crypto artworks, which are not material works of art but true digital expressions, and which have a corresponding material work of art in the real world, are also being created. The best example of this to use as a description of the concept is with the most famous work of art in the world: the Mona Lisa. So the Mona Lisa which is kept in the Louvre Museum in Paris is the work of art in its material or physical format. The unique alpha numeric code, the only one in the world, which will move within blockchain technology thanks to DARTOB will be the same unmistakable work of art, that is the Mona Lisa, in its crypto version.

9 9 For example the crypto artwork of the Mona Lisa will be (the code is only for demonstrative purposes): 14892TheMonaLisaLeonardoDaVinci1978DARTOBgkiTfdsau4gIpEdv. This code will include the initial serial number 14,892 which is in actual fact its identification number, since the total number of works of art placed in the market over a 20 year period will be exactly 25,000, no more or less. The code can also include the name of the physical artwork by which it is commonly known, the artist and other fundamental features. Only one crypto artwork can exist, a unique specimen, corresponding to the physical or material work of art kept in the respective museum or private collection. The crypto work of art placed on the market by DARTOB will have an alpha numeric code, therefore digital, which will reflect the name and/or artist and/or year of creation corresponding to the material work of art. The 25,000 crypto artworks created will represent only the best masterpieces of art and history of humanity from antiquity up to our time, from all the peoples/populations present and past and from all nationalities worldwide such as: French, English, Italian, American, German, Spanish, Chinese, Japanese, Russian, Indian, Korean, Egyptian, Australian, Canadian and so on.

10 10 3. VISION The vision of DARTOB is to quickly become the first crypto auction house in the world, which thanks to the development of the technological blockchain based system, will create and manage the world of crypto artwork auctions as it indisputable leader. DARTOB has presented itself to impeccably organize, on a global level a new business reality, proving its solid accountability, and demonstrating a great deal of attention in the choice of the artworks suitable to becoming crypto artworks, such as their permanent condition, preserving that quality over time. For DARTOB of great importance is transparency, trust and reliability. Only by completely satisfying these 3 Musts can we reach the status of global issuer and absolute leader of crypto artworks. DARTOB also wants to provide an impeccable service to all its clients wanting to take part in the new market. DARTOB wants to be, now and in the future, a point of reference in the subject, capable of providing the highly important guarantee of originality of the crypto artworks, by comparing, using high end technology the alphanumeric codes, of all the crypto artworks that will go on the market and will be sold by the owners in successive auctions. DARTOB is creating a system and business made to last for the long haul. DARTOB knows that not only is it necessary that the operations be conducted in the most efficient manner possible, but it is also important to identify and use the most suitable solutions, that is to say the best ratio of time to money, to offer its clients. We want to expand the limits of the possibilities of investments known so far and encourage the use of blockchain as a new reality in the what has been considered up to now classic, investment marketplace. We combine our most advanced technology ready to use with our extensive competence in auctions, valuable art, investments and currencies.

11 11 DARTOB wants to breath new life into a firmly established world network, by using technology in which there is an exchange of opinion, business forecasts, general participation, among the users who will take part directly or indirectly to the business of crypto artworks. We believe that the world of the future will continue to be made up of communication and connection among individuals, among different places on the planet, so as to identify and compare with new forms of profit offered by the market. That is why DARTOB, thanks to the earnings from the ICO, also wants to work hard on the marketing and advertising of crypto artworks that must be developed and spread worldwide.

12 12 4. INITIAL COIN OFFERING (ICO) In order to reach all its goals, further development of DARTOB will go through an initial coin offering (ICO). The offer will be made in digital tokens called DART on blockchain managed by smart contracts. The funds collected will be put back into the development of the entire DARTOB project. The Dart (DARTOB tokens) that according to opinions we have heard, should have a value corresponding to $3.50 during the ICO sales phase, will be available at a much lower price. This is a decision that on our part is a bit difficult but which we are willing to put into place, so as to be able to inevitably associate right from the get go the name DARTOB with EARNINGS for anyone who invests in DARTOB, whether it is about tokens or crypto artworks. We are convinced that our good name and good reputation we will be amply rewarded for our efforts. 4.1 Why an ICO There are numerous reasons for our decision to start off an initial coin offering, instead of resorting to alternative fund collection methods, or resorting to only a small number of wealthy business men. In the first place, an initial supply of coins allows for the essential factor of having with us participants coming from different parts of the world. This is in and of itself essential for the global market that we want to have. It will be the same participants in the ICO who will testify directly to our business, of the digital goods that will soon be on the market, to our seriousness and our security system. Secondly, the tokens permit a supply liquidity at any moment, as they can be exchanged on various platforms after ICO so that those participants wanting to, will be able to liquidate their own positions. No less important, is the fact that the smart contracts allow for an easy monthly distribution of the proceeds for 20 years, to all the buyers of the initial tokens from Pre-Sale, which will be distributed thanks to the use of blockchain technology. Moreover, considering the type of digital goods being dealt with, the use of blockchain for buying and selling and for the security of the crypto artworks, ICO is in fact very compatible.

13 13 We believe that digital means innovation and opportunity, therefore DARTOB will issue digital tokens distributed on blockchain as an initial offer of coins (ICO), to allow backers to contribute to the development of the first and only crypto auction house in the world. The goal of the ICO is not to test a speculative idea but to find the necessary capital for DARTOB to reach all the goals in a short amount of time with the maximum professionalism. 4.2 Special Profit Token DARTOB DARTOB gives all its early investors not only a simple promise linked to the token, but also gives a twenty-year Special Profit Token to all the investors in the Pre-sale, with which they will have the exclusive rights for 20 years to the monthly distribution of the 30% of the proceeds, from all the DARTOB introductory auctions of all crypto artworks. The Special Profit Tokens can also be freely sold by the investors and maintain its profit feature for 20 years in favour of whoever will be its owner. The Special Profit Token will be very rare, that is to say, just one for each Pre-Sale investor. Each will be of a certain initial value in proportion to the DART initially purchased from the Pre-Sale investor. It is a part of the total token supply of 60,000,000 DART tokens. The special profit token DARTOB is exclusively reserved for those participating in the Pre-Sale, and is given in addition to the DART Tokens. It is an exception in the world of ICO. 4.3 Token sale structure To finance the roadmap to its mission and vision, DARTOB will perform a token sale of limited-supply tokens. The DART tokens will be sold at a fixed price and the maximum total supply will be 60,000,000 DART tokens. After the end of the token sale, the distributed tokens will represent the entirety of the available liquid token supply. The DARTOB ICO s goal is to raise 27,000,000 USD (Hard Cap) in the Token Sale. A real minimum raise does is 3,000,000 USD (Soft Cap). As currency only Ether (ETH) is accepted in the Token Sale. The final USD$ price for ETH will be the average USD rate for the period that the ICO is active. The average will be calculated by taking the sum of the daily average rates for each day of the ICO, divided by the number of days the ICO takes place. The source for this pricing data will be CoinMarketCap.com.

14 14 TOKEN SALE Hard cap: $27 million Soft cap: $3 million Token: DART Token exchange rate: 1 DART Token = 1 USD Project protocol: ERC20 Payment methods: ETH. Pre-Sale Token exchange rate: 1 DART Token = $1.00 Minimum Contribution: 1 ETH Special Profit Token: YES, is given in addition to the DART tokens, with a profit of 30% for 20 years Bonus: Yes, 30% Main-Sale stage 1 Token exchange rate: 1 DART Token = $1.00 Minimum Contribution: 0.3 ETH Special Profit Token: No Bonus: Yes, 12% Main-Sale stage 2 Token exchange rate: 1 DART Token = $1.00 Minimum Contribution: 0.2 ETH Special Profit Token: No Bonus: No 4.4 Token sale procedure and allocation Total token supply (MAX): 60,000,000 DART The exact number of tokens generated depends on the amount of funds contributed. The tokens will be distributed after the Token Sale ends with the utmost punctuality. The Special Profit Tokens will be given in addition to and just after the DART Tokens only for those participating in the Pre-Sale. The Special Profit Tokens are in fact a special category, easily recognizable, and their number will be very low, that is just one for each Pre-Sale investor, and each of a certain initial value. Important: the Special Profit Tokens are included in the total token supply of 60,000,000 DART tokens. The Token Sale may conclude in advance in the case that the tokens sold and the bonuses reach the max total token supply, in such a case the Token Sale may not get to the Main-Sale stage 2 or Main-Sale stage 1.

15 15 50% tokens for ICO participants All those participating in the Pre-Sale will be given Special Profit Token DARTOB. This is reserved exclusively to those participation in the Pre-sale, and is given in addition to the DART Tokens. All those participating in the Pre-Sale will also be given bonuses of 30% in DART tokens. Those participating in the Main-sale stage 1 will be given bonuses of 12% in DART tokens, they do not have rights to the Special Profit Token DARTOB. Those participating in the Main-sale stage 2 will not be given bonuses nor do they have rights to the Special Profit Token DARTOB. 25% tokens will remain in a Reserve Fund The Reserve Fund will be used to provide for further development of the DARTOB, to accelerate the system growth and to cover any unforeseen costs 20% tokens for the Team 5% tokens for Legal (regulation, compliance) and Bounty.

16 Allocation of raised funds Marketing: 55% Research & Development: 22% Infrastructure: 7% Salaries & Wages: 5% Legal Services: 4% Anti-Counterfeiting System Optimization: 4% Blockchain Optimization: 3%

17 17 5. MARKET LANDSCAPE 5.1 The actual state of things We are going through a period of digital transformation. The impact of this transformation is clearly visible in the way we share information and how we communicate. There are attempts to digitize many aspects of our daily lives, especially in the financial world, banks and recently also for some services and retail sales. In particular the advent of blockchain technology has allowed us to digitize money by using cryptocurrencies such as the Bitcoin. Many attempts have been made to improve the financial sector, by applying blockchain technology. However, the majority of these attempts are concentrated on the transformation of some financial services or products offered to the users in order to reduce costs, increasing security, reducing as much as possible the time necessary to do so. In all honesty however, it must be known that besides the Bitcoin, Ethereum, Ripple and a few other isolated cases, there aren t any digital realities that have truly revolutionized the field of application. 5.2 Where DARTOB makes a difference DARTOB has all the qualities and features necessary to revolutionize the artwork, auction house and high earnings investment sectors, acting as a pioneering leader in the world of digital auctions, creating and developing a brand new business with huge potential. DARTOB is in synthesis much more than a digital auction house, it is in fact a start up which invests and transports the digitization of high-end goods different from cryptocurrencies. It demonstrates that other highly potentially performing assets can be digitized in addition to cryptocurrencies, the clearest example of this is the creation of crypto artworks, which by using digital technology are given their own individuality, their own starting economic value and the marked possibility of an increase of this economic value over time. After all with only 25,000 works of art in total distributed worldwide over a 20 year period how can the prices not rise?

18 The increase in value of the token DARTOB and Continuity DARTOB is also destined to be a pioneer in the most speculative growth of digitization, thanks to the exponential increase in both the value of the DART and the value of the crypto artworks. In fact the mechanism of creation, placement on auction, and future replacements in future crypto artwork auctions, just like the parallel circulation of the DART, according to some studies we carried out and various opinions of external consultants, will produce a huge increase in the value of both the crypto artworks and the DART. We have many elements that lead to believe that the DART will increase in value by at least 20 fold within the first year on the exchange, that is by 2,000% an increase which will become even more robust with the arrival of the second decade of auctions with pieces of even higher value, as programmed by the DARTOB. The presence of the DART will be fundamental not only now but over time, in that the value of all crypto artworks will always be indicated in DART. In addition something that is even more important is that a percentage of the purchase of the artworks will always have to be paid out exclusively in DART. The part in DART will be decided at the most opportune moment by DARTOB itself and will depend on the quantity of DART in circulation and on the starting base price of the artwork, whether the auction has DARTOB as a seller or has some other seller who in turn refers to DARTOB to carry out the sale to the highest bidder. This entire mechanism is the basis of the continuity that we want to give to our token, to its quotations on the most important world markets, to the symbiosis that must exist among the works being dealt with and our token, so as to create a robust, strong business, with great potential for growth. We also know that digital money is growing in popularity. Therefore in the near technological future there will be continuous development and requests for new types of money, above all the digital type. Therefore we want to be leaders on this scene, with a digital good that is not only rare but unique.

19 How much is the crypto artworks market worth Considering that DARTOB is setting up a completely innovative business, we have used various reference elements, parameters, and market research, to have a reliable forecast of the growth that will take place on the crypto artworks market. We can carry out a very objective analysis of the available data. DARTOB will provide the market with precisely 25,000 crypto artworks over a 20 year period via auctions, that is to say a reliable average of 1,250 crypto artworks issued every year on the world market. From the highly prestigious level of the traditional artworks corresponding to each of the crypto artworks that will go on auction, from the interest shown by potential buyers in the market research, we expect that the auction base price of the digital artworks will be at least $40,000 each for the first year of activity. This is a very realistic estimate which is much lower than the other figures examined. 5.3 Market forecasts In the next years, with the development of the crypto artworks market and cryptocurrency in general, we will collect far greater figures for each year. Taking into consideration the first full year of activity, that is to say 2019, and also considering a market appreciation in the crypto artworks sector over time, we get an estimate figure below the many opinions analysed of at least $11 billion in 20 years. Thus it is logical to believe that DARTOB will cash in at least $11 billion in 20 years from introductory auctions pieces. However we know that this market is realistically worth much more! All this in addition to several billion dollars from auctions of other crypto artworks already placed on the market from DARTOB. Using the traditional global artworks market, according to the research by Art Economics and USB Bank world artworks sales amounted to $56.6 billion in As stated by FDLX, 36 million transactions were recorded in the sector in The USA is the leader of the global art market with a share of 40%, the UK has a 21% share and China a 20% share of the market globally. The share of transactions made at auctions is 45%. Therefore the world market traditional artworks on auction is worth about $25.4 billion per year, so over a 20 year period, even at current market prices, traditional artworks on auction are worth over

20 20 $500 billion. Keeping in mind that the quantity of pieces and antiques in general traded on the traditional market with respect to the digital market are greater, but everyone knows that it is the most important pieces, that weigh heavier on the total, and in fact our crypto artworks are prestigious pieces. Thus we know that our estimate is prudent and reduced, actually according to the recent data, the traditional market could be worth as much as 45 times more than the digital market. We can be sure this gap is much smaller and therefore the crypto artworks market is worth much more. 5.4 Competitors Absolutely no competitors exist, simply because DARTOB has in fact invented crypto artworks and is developing the business. Even if in the future some company wanting to imitate us appears on the market, we will always have the advantage of having been the first on the market, actually to have invented the market and of having years of technological and organizational advantages, as well as knowledge of the crypto artworks sector.

21 21 6. EARNINGS AND ADVANTAGES OF DARTOB 6.1 How to make money on tokens Fundamentally it is the earnings of the investors that we can summarize in 4 different forms Earnings for the buyers of Tokens in Pre-Sale, who will have the exclusive right for 20 years to the monthly distribution of 30% of the proceeds, via the Special Profit Token, from all the DARTOB introductory auctions of all crypto artworks on the market. Earnings on DART Tokens which will soon begin to increase in value (given the exclusiveness of the DART and the goods being negotiated), and will lead to a situation of market appreciation with huge economic advantages for all those who possess tokens. Earnings on the buying and selling of crypto artworks, actually buyers will be able purchases via DARTOB auctions, works of art that they can then immediately sell without any restrictions in successive auctions, to the highest bidder, and therefore make a profit. Or they can keep the asset over time, increasing the value of the piece. The possibility of participating and purchasing crypto artworks on all the DARTOB auctions for all those who have DART. Actually a percentage of the cost of each piece will have to be paid exclusively in DART. Therefore many will have to arm themselves with DART in order to participate in this market and in the earnings from it. Naturally among those possessing tokens, only those wanting to, will participate in the crypto artworks market. There won t be any restrictions or obligations, for those possessing tokens but not wanting to participate. Actually those in possession of the DART tokens will be able to sell their tokens on the exchange freely. Also the Special Profit Token can be sold freely by the investors and maintain for a 20 year period its profit feature in favour of whoever will be its owner. 6.2 Economic Advantages DARTOB is becoming a new business model which the world of highly prestigious artworks and the latest blockchain technology is simultaneously developing.

22 22 The world of highly prestigious artworks collections will no longer be reserved for the few rich connoisseurs. But will instead be opened, made economically feasible to anyone wanting to invest in this new type of goods, it will also be for all those who are not passionate about art nor are they experts in the subject, who do not have safes, or luxurious rooms in which to keep the traditional, physical pieces. Anyone will be able to purchase these new assets and create their own business from them or keep them in their wallets, if they prefer, so that their value increases. Just like all new types of business, we are in the beginning stages, and as such from a financial point of view, includes the enormous potential for the increase in the value of the pieces, which will be debuting on the market for the first time in a limited number. It is highly probable that the value of the 25,000 crypto artworks will increase greatly in the months and years to come. In fact DARTOB is setting up a system which has a double potential of parallel economic growth, therefore double the possible earnings: the DART, which soon will obviously begin to increase in value the crypto artworks which will gradually appear on the market, will be sold, then sold yet again and again on auctions very likely substantially increasing their value. All of this in a highly professional and impartial context of the DARTOB, in the exceptionalism and security of the DART tokens and crypto artworks. DARTOB is building a decentralized system which will also has as a result the elimination of useless expenses for intermediaries, who for quite some time have made substantial sums in the sector from the sale of traditional artistic goods. Thanks to DARTOB cross-border transactions of goods linked to the art world and their digital formats will be greatly facilitated. The activities of DARTOB will be in and of itself a powerful source of development for the

23 23 main cryptocurrencies, not only for the prestige it will give to the entire sector, but also in the use of these cryptocurrencies for the majority of the payments of crypto artworks (another part will be paid in DART). The Blockchain on which the DARTOB technology is based gives advantages of a distributed ledger, value transfer, and resilience to counterfeiting. The creation of Ethereum (ETH) introduced smart contracts to a wide range of business users. Application of Ethereum smart contracts used by DARTOB leads to increased decentralization and democratization of contractual relationships, effectively leaving no place for interpretation of the fine print in the agreements and introducing dramatic cost advantages. From the crypto artworks introduced on the market by DARTOB, it will be possible to buy artworks that are impossible to purchase in the material form, because they have artistic and cultural restrictions, forbidden from exportation, are national property, or because their respective buyers are unwilling to sell them, or they are the property of museums, regions, or foundations. There will most surely be an increase in the world of prestige, of the knowledge and popularity of the works of art and the artists who created them, making these works of art treasures of humanity, surely better than in their current state. There are those who have already declared us as advocates for cynicism and materialism because of our project with crypto artworks. We however know perfectly well that progress is also made up of liberalism which shouldn t be restricted or snared and this means in our opinion the best historic and artistic expressions of human history, the past and present of humanity that looks toward the future.

24 24 7. MISSION 7.1 The role of DARTOB DARTOB represents the evolution of the noteworthy business of cryptocurrency, opening new doors to the development of the world of cryptocurrency. DARTOB has already had excellent progress in the technological system, based on blockchain to create future on line auctions such as crypto auction house. DARTOB also has a solid will to achieve better developments and technological infrastructure during spring and summer In order to reach said goals, we have decided to proceed with an Initial Coin Offering (ICO). The capital collected will then be used to support economic efforts in order to reach the above mentioned goals. The introduction of works of art on the market will take place in a gradual manner, allowing for the discerning and attractive distribution of the 25,000 works of art on the market over a 20 year period beginning with the first auction of 30 pieces which has already been planned for the 26 th of September It will then follow with auctions every 2 weeks or so with an average of 50 works of art for each auction. Our specialists have estimated that 25,000 crypto artworks to be the appropriate number of pieces in order to develop and provide a long life for a new market as innovative as this one. All of this while still respecting the quality and prestige that the corresponding material masterpieces must have, and highlighting at the same time the particularity that such crypto artworks must have in the world, so as to create a market of excellent goods not to mention the incredible potential for increased prices. Considering the intense timing of the market, cryptocurrencies, technological progress, and modern businesses, it is obvious that there will be opportunities for those who purchased or possess crypto artworks to put them back on the online auction block so as to sell them to the highest bidder and redeem a profit. DARTOB for its part will have the right to a commission on the sale equivalent to 7% of the proceeds. The revenue obtained by DARTOB will be used to better organize the auctions, to use all the security standards of blockchain technology, for all the technological evolution over the next few years, to advertise the items on auction, for

25 25 marketing, to make regular and secure payments between the seller and buyer and so on. 7.2 Problem statement Currently and for many years now, the buying and selling and investing in world s most prestigious works of art, have been controlled and regulated by few but important auction houses and companies in the sector that are often in a conflict of interest, which are not always transparent in their actions, and which may have preferences among their own friends. As a result, they tend to cater to their own interests, managing the art market as if it were a niche market reserved for a select few. They do not minimally allow for a large scale business development to the larger sector, to all potential buyers, including the less wealthy, nor do they allow for the majority to obtain proceeds from the quotations of the artworks. This is clearly also due to the restrictions and articulated regulations existing among the various nations on the buying and selling of artistic goods and their circulation. In addition the currently condition of the sector needs to be considered. Even if it is highly profitable above all for the most prestigious artworks, it is still too slow and financially ill-suited for the timing and demands of the market economy as well as for today s investors. 7.3 Solutions, immediate and future development DARTOB banishes all the inadequacies of the current commercial art sector to the distant past, thanks to the business of crypto artworks via a decentralized blockchain open to all, without conflicts of interest, without preferences for some over others, without restrictions or rules which can impede the circulation and the buying and selling of crypto artworks. The sector is instead developing in all its earning potential in the long and short term, for anyone wanting to take part. Given the indisputable and concrete possibility that DARTOB will soon be the absolute market leader, we would like to point out that in the future there may very well be private buying and selling of crypto artworks between persons without needing to pass through the DARTOB network. This may in fact happen however there is no guarantee that the crypto artworks in question

26 26 are unique. This type of guarantee can only be provided by DARTOB thanks to the technology already developed and which will be perfected in the coming months but which of course for the time being will remain confidential for obvious reasons. Basically without the presence of DARTOB no one will be able to guarantee in any way that the piece is truly an original, unique crypto artwork. Basically, in future if there are in fact 2 people unknown to each other wanting buy and sell a crypto artwork without the presence of DARTOB, they would most probably have certain risks and disadvantages. The buyer would have no guarantee of authenticity of the artwork even if it were sold through a blockchain. Furthermore, the artwork could be simultaneously sold twice, or copied, or stolen, the list is endless. There are other disadvantages for the seller too, for example the price obtained, could very well be lower than the price obtained through DARTOB and its auction network, thanks to the marketing operations, the global participation, its programming and advertising of the crypto artworks put up for sale with DARTOB. All of these things reinforce the advantageous position of DARTOB in the development of the market. Clearly it is a different case in any situation regarding an inheritance, a very important aspect of the business of crypto artworks. It will be easy to purchase a crypto artwork via DARTOB and leave it as an inheritance either immediately or after some time to a child for example. In this type of situation, there won t be any need to pass through the DARTOB auction. If requested DARTOB will see to this service free of charge for clients who request it. There will also be another service offered by DARTOB regarding all cases in which a client would like to transfer, free of charge, a crypto artwork to another person. DARTOB has also included a Private Sale modality for all those owners and buyers who want to adopt said conditions using the utmost professionalism and security available. In any case DARTOB provides anonymity and absolute confidentiality both in and out of auction. Our experts have also studied scenarios in which the prices of the artworks over the years become stratospheric, given their limited number and prestige. In such cases we would reach a level where the most expensive pieces could only be purchased by a select number of

27 27 clients worldwide, given their high price. However DARTOB wants to give the possibility to everyone to participate in the buying of artworks, so DARTOB has already planned an associate buying and selling modality. This will make it possible for numerous clients to buy the artwork together, keep it and then selling it again, each of them possessing a certain quota based on their assets. By using this modality any client will be able to afford to buy even a small share of a highly prestigious and costly artwork. It being understood that each work of art is and always will be singular, unique and indivisible we will give as much continuity as possible over time to the market and the growth of crypto artworks. Our strategy for obtaining the best sales results is based on many resources, which allow us to provide the client with a unique made to measure service which responds to their demands. The key factors to the success of our auctions will be visible in the ability to pinpoint the most adequate auction base price, the experience of our international team of specialists, from the vastness of our database of potential buyers worldwide and from the efficiency of our marketing campaigns and public relations. The calendar of auctions will be coordinated with extreme professionalism, so in the next few years we will collect the crypto artworks that will already be in circulation, we will provide, free of charge, an evaluation of the starting base price for anyone wanting to sell their own crypto artworks. The client will be able to chose when to place their goods on auction. DARTOB will identify the best auction for the sale of any given crypto artwork, based on the market and coins movement, and on the presence of other important pieces on auction, and on the demand for purchase of the potential buyers etc. Anyone can at anytime consult the catalogue of online auctions. All clients intending to participate in the auction and making an offer will have to register themselves on the DARTOB site and open a DARTOB account with only a few simple steps. Naturally DARTOB will deal with guaranteeing the proper payments of the sale of works of art, by using blockchain technology and any future evolution.

28 28 DARTOB will be ready at any moment to accept and adhere to new regulations and orders in matters of digital tokens and other digital goods, currency circulation etc., keeping our investors and clients interests as a top priority. DARTOB can if the need arises, count on its own reliable legal staff, who are following the entire DARTOB project step by step with experience and competence. In order to maintain a competitive advantage in a technological market that is rapidly evolving, DARTOB is constantly improving its existing infrastructure and will soon create new infrastructure and will continue to develop avant-guard solutions over time for the future of blockchain, in so doing it will maintain its leadership in the sector of crypto artworks. The DARTOB investors or clients will obviously be able at any time to convert their sales proceeds from crypto artworks on the market freely in any currency they want, traditional like USD, EUR, JPY, GBP etc., or digital, and do with the proceeds whatever they wish.

29 29 8. TEAM 8.1 Competency and synergy The key qualities of DARTOB are KNOWLEDGE AND EXPERIENCE, which must work together in synergy and balance. For this reason our excellent Team is made up of the best experts in the world, mature with solid experience, from all sectors dealing with the new crypto artworks business; such as digital token, the development of new financial products, blockchain, cryptocurrency, decentralization, security, monetary economy, art, art history, the art market, regulations, auctions, statistics, public relations, advertising and marketing. For us it is fundamental that our Team is made up of people who are reserved, prudent, professional, competent, and absolutely not involved in deals that may even minimally take away from their fundamental impartiality in all the DARTOB goals. The DARTOB team has on the whole a vast knowledge and competence which meets the highest demands, in order to set up a complex system of online auctions such as the one being undertaken. Such a system, the first and only of its kind in the world, will allow for the sale of crypto artworks, in the first place by the DARTOB to the buyers, and secondly to manage at the highest level the auctions among the latter and new buyers of the same pieces each time the owners want to sell them. Therefore, seeing the quality of the work carried out so far, the DARTOB team is ready to achieve all of this in a few months time on a global level. The DARTOB team is also capable of achieving such a project in the utmost technological security, using the most modern and evolved of the blockchains, with the addition of an anti counterfeiting system for the pieces being dealt with. Making it technologically impossible to create fakes or to sell crypto artworks which are not originals. TO GET TO KNOW THE TEAM INDIVIDUALLY PLEASE CONSULT THE TEAM PAGE ON OUR WEBSITE. ALSO WE HAVE SEVERAL TOP LEVEL ADVISORS IN COLLABORATION WITH OUR PRESTIGIOUS TEAM, FOR COMMUNITY, STRATEGY, ICO, LEGAL, TECHNICAL AND GROWTH.

30 Anti-counterfeiting System A central core of the DARTOB team is certainly the application of the anti-counterfeiting system which is already up and running. By original works of art we intend exclusively those works introduced on the market by auction for the first time by DARTOB, and fulfil the requirements of absolute value and prestige. These will be placed on the market over the next 20 years starting from the first auction scheduled to take place on the 26 th September Each of these will have a precise alpha numeric denomination (code), which will allow it to be identified with reference to the corresponding physical work of art already in existence. Subsequent to introduction on the market by DARTOB, the owner, can if they want to, sell the piece in a DARTOB auction. The alphanumeric denomination will only allow DARTOB, worldwide to validate and confirm the work of art quickly as an original prior to each sale, by using a system of double controlled anti-counterfeiting based on blockchain technology. The system that for obvious reasons is technologically confidential, has already been set up by DARTOB and is currently very reliable and continues to go through further phases of improvement. The validation of the works of art will quickly guarantee the buyer and seller secure movement on the market for both the buying and selling of crypto artworks and their payments. This extremely important factor will allow the crypto artworks market to develop and prosper in the future.

31 31 9. ROADMAP Our project goes back a long way: the first thoughts on the matter of giving life to crypto artworks and the business actually date back to It was immediately clear that the project was feasible, prestigious, and had the potential for huge benefits for all those participating, and that it would be revolutionary under many aspects. What was missing in 2011 was the technology allowing for the system to reach a high level of operative security. Above all we must keep in mind that the world of cryptocurrency in 2011 was almost in its beginnings, it hadn t yet been widespread globally and only had a small capitalization, which could not even support the buying and selling of crypto artworks. We took our time to continue to analyse the world of cryptocurrency, and Bitcoins and the various technological improvements that followed and foremost the development of the blockchain. The turning point for us was 2014, as far as the development of technology and security were concerned, the ability to permit, via further improvements, circulation and buying and selling and anti-counterfeiting of crypto artworks worldwide. Since 2014 we have continued to improve the interaction among blockchain-security-buying and selling-anti-counterfeiting, obtaining extraordinary results, finally reaching the conclusion of the technological project, which we are currently fine tuning. With regards to the diffusion of cryptocurrencies in general and their overall capitalization, clearing the turning point came in The beginning of 2017 showed clear signs worldwide of cryptocurrency, which led us to believe that the moment of truth is on us, this was then confirmed by the positive results of some primary cryptocurrencies and of the good overall capitalization achieved. DARTOB over the course of 2017 ascertained that the market was mature enough to launch our ICO and to enter the market with the revolutionary crypto artworks and their business.