ARTSY DeFi
  • ARTSY DeFi
  • ARTSY Ecosystem
    • NFT Marketplace
    • Lending and Borrowing on NFT Collateral
    • ARTSY NFT Auction House
    • ART Token
  • Tokenomics of Art: The Foundation
    • Redistribution Token
    • Total Supply
    • Initial ART token distribution
  • Tokenomics of ART: The Presale
    • How big is the presale?
    • How is the raised USDC used?
    • Which chain is the presale on?
    • When is the Launch?
    • Which chain will I receive my tokens on?
    • Where will I be able to get my vested tokens?
  • Tokenomics of ART: After Launch
    • ARTSY Proceeds
    • Trading Fees on Buying and Selling
    • Celestial Buybacks
  • The workings of ARTSY Lending and Borrowing
    • The Basics
    • NFT Tiers
    • Calculating the interest
    • Profiles and Reviews
  • About Us
    • ARTSY Team
      • Chillyo
      • Excell
      • Viondar
      • Zac
    • ARTSY Partners
    • ARTSY Roadmap
  • The Protocol Treasury
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  1. Tokenomics of ART: After Launch

Celestial Buybacks

A large portion of our team has been the team of a seigniorage protocol called Celestial Finance. The start of ARTSY means we end our support for that protocol. We do not leave our investors behind, though, so we offer a transition for holders of the Celestial protocol tokens: Stars, Radiance and Glow. Holders of those tokens have a choice. Either they may swap their tokens for ART or they may buy out for a lesser value of USDC from our treasury.

Token
Amount

Glow and Radiance

0.2 ART per token or

0.8 USDC per token

Stars

2 ART per token or

8 USDC per token

We have a deposit contract on the BSC for the celestial tokens and we will do the refunds on the Polygon chain. We know our Celestial community knows how to navigate multichain, and if not, we can help.

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Last updated 2 years ago