About ARTE
$ARTE is a utility token with a buyback-and-burn mechanism (we are using 5% of ArtPunks royalties to burn $ARTE), as well as multiple utilities related to the ArtPunks NFT collection. With $ARTE, holders will be able to:
-Upgrade their ArtPunks NFT via the ‘Restoration’ system.
-Purchase ArtPunks Paint Palettes to change the painting style of ArtPunks.
-Enter lotteries for physical works of art as well as NFTs.
-Purchase subscriptions to an educational virtual art gallery.
-Use it to create ""Landscape NFTs"" - low supply, upgradeable, gamified NFTs.
In short, the $ARTE token will be the fuel of the ArtPunks ecosystem - in all of the above utilities, used $ARTE will be burned - reducing its supply and increasing its value!
More info in litepaper: https://art-punk.gitbook.io/usdarte-token/
