S.Y.S.T.E.M. 256
A SOCIALLY-DRIVEN CRYPTO PLATFORM THAT EMPOWERS YOUNG & ASPIRING ARTISTS BY SHOWCASING THEIR WORK VIA A Vote-to-Earn SYSTEM.
1. Introduction to S.Y.S.T.E.M. 256
- The art industry has long been known for its exclusivity and elitism, making it challenging for young and aspiring artists to gain recognition and establish themselves in the market. In response, a socially-driven crypto platform has been developed to empower these artists by showcasing their work through a Vote-to-Earn system.
- The platform provides a unique opportunity for artists to share their work with a global audience, receive valuable feedback, and earn cryptocurrency through community votes. This Vote-to-Earn system not only enables artists to monetize their work but also fosters a sense of community and support among artists and art enthusiasts.
- Through the use of blockchain technology, the platform ensures that each vote is secure and transparent, enabling artists to trust in the integrity of the voting process. Moreover, the platform's decentralized nature eliminates the need for intermediaries, reducing transaction costs and empowering artists to have greater control over their earnings.
- By leveraging the power of crypto and blockchain, this platform seeks to revolutionize the art industry and create a more equitable and accessible environment for young and aspiring artists. With a mission to empower and showcase the work of these artists, the platform provides a unique opportunity for individuals to support and invest in the next generation of art talent.
2. Background
- The current state of the art market and digitizing it continuously growth after pandemic years
- The global art market has long been a highly valuable and lucrative industry. According to the 2021 Art Basel and UBS Global Art Market Report, the total value of the global art market in 2020 was estimated at approximately $50.1 billion, down 22% from the previous year due to the impact of the COVID-19 pandemic.
- The report also indicates that the majority of sales in the global art market come from the high-end segment, with sales over $1 million accounting for 58% of the total value of sales. This suggests that the art market is highly exclusive and concentrated in the hands of a small group of wealthy collectors and institutions.
- In contrast, the NFT market, which is still relatively new, has seen explosive growth in recent years. According to NonFungible.com, a leading marketplace for NFTs, the total value of NFT transactions in the first quarter of 2021 alone was approximately $2 billion, a significant increase from the previous year. The NFT market has opened up new opportunities for artists, allowing them to monetize their work and gain recognition without relying on traditional gatekeepers.
- However, it is important to note that the NFT market is still in its early stages, and its long-term sustainability and growth potential remain uncertain. The market is highly volatile, with prices for NFTs fluctuating rapidly and often unpredictably. Additionally, the market is highly speculative, with many investors entering the market solely for financial gain rather than a genuine interest in art.
- In summary, while the global art market remains a highly valuable and lucrative industry, the NFT market represents a new and rapidly growing sector that offers unique opportunities for young and aspiring artists. However, the NFT market is still in its early stages and requires careful analysis and consideration before investing significant resources.
- Blockchain technology has the potential to significantly impact the global art market in several ways:
- Authentication and provenance: One of the biggest challenges in the art industry is ensuring the authenticity and provenance of artwork. Blockchain technology can be used to create a secure and transparent record of an artwork's history, from its creation to its current ownership. This can help prevent fraud and forgery in the art market, giving collectors and investors greater confidence in the authenticity of the artwork.
- Fractional ownership: Blockchain technology can also enable fractional ownership of artwork, allowing investors to own a small percentage of an artwork and receive a proportional share of its value. This can make art investing more accessible to a wider audience, and also help democratize the art market by enabling a greater number of people to participate in it.
- Smart contracts: Smart contracts, which are self-executing contracts with the terms of the agreement written into code, can be used to automate certain aspects of the art market, such as payments and royalties. This can help reduce transaction costs and streamline the buying and selling of artwork.
- Tokenization: The use of blockchain technology can also enable the tokenization of artwork, turning it into a unique digital asset that can be bought and sold on a blockchain-based platform. This can create new opportunities for artists to monetize their work and gain recognition, and also enable collectors to invest in art in a more liquid and accessible way.
Blockchain technology has the potential to disrupt and transform the global art market by enabling greater transparency, accessibility, and efficiency in the buying and selling of artwork. However, it is important to note that the technology is still in its early stages of adoption in the art industry and will require further experimentation and development before its full potential is realized. - Key features of S.Y.S.T.E.M. 256 platform
- The socially-driven crypto platform offers several key features that aim to empower and support young and aspiring artists, and promote community engagement.
- One of the platform's primary features is the Incubator, a comprehensive mentorship program that provides artists with expert sessions, individual coaching, and opportunities for experience exchange. Through the Incubator, artists can receive guidance and support in developing their skills and navigating the art industry, helping them to achieve their creative potential and reach a wider audience.
- In addition to the Incubator, the platform offers themed creative challenges on a regular basis. These challenges prompt artists to address global issues through their work, providing a platform for artists to showcase their talent and address important social and environmental issues. This feature encourages artists to push their creative boundaries and offers a unique opportunity to engage with audiences in a meaningful way.
- Another key feature of the platform is the Vote-to-Earn voting system, which offers a user engagement feature where users can vote for their favorite artists and earn tokens and NFTs as rewards. This system incentivizes users to engage with the platform and support artists, while also offering artists the opportunity to monetize their work and gain recognition for their talent.
- Overall, the platform's key features work together to create a supportive and engaging ecosystem for young and aspiring artists, encouraging creativity, community engagement, and recognition for artistic talent.
3. Advantages
- For Artists
- One of the platform's key advantages for artists is the comprehensive Incubator, which provides a structured program that connects artists with industry experts. This program offers mentorship, resources, and growth opportunities, helping artists to thrive in the Web3 space and achieve their creative potential.
- In addition to the Incubator, the platform cultivates a supportive community of artists, mentors, and enthusiasts. Through this community, users can interact, collaborate, and support one another in their artistic pursuits. This creates a sense of belonging and support that is often lacking in the traditional art market.
- Moreover, the platform encourages collaboration on socially relevant themes. Themed creative challenges inspire artists to address global issues through their work, creating a platform for artists to showcase their talent and contribute to important social and environmental conversations. This provides a unique opportunity for artists to engage with audiences in a meaningful way and contribute to positive change.
- For Partners and Investors
- Opportunity for growth and returns: By investing in a young artists crypto community, you have the opportunity to support and benefit from the growth potential of the NFT market. As the NFT market continues to grow and gain mainstream acceptance, the value of NFT collections with attachment to real world art may increase, potentially generating significant returns for investors.
- Access to a new and exciting asset class: NFTs represent a new and exciting asset class, providing a unique opportunity to invest in and collect digital art that is verified on the blockchain. By investing in a young artists crypto community, you can access this asset class and be a part of a growing movement that is disrupting the traditional art market.
- Contribution to the growth and success of young artists: Investing in a young artists crypto community can help support the growth and success of young artists, providing them with resources and opportunities to showcase their talent and gain recognition. By investing in this community, you can be a part of something that is empowering and supporting the next generation of artistic talent.
- Opportunity to make a positive impact: By supporting a young artists crypto community, you are contributing to a movement that is promoting inclusivity, diversity, and democratization in the art market. By investing in this community, you have the opportunity to make a positive impact and support a cause that is aligned with your values.
- Voting for a good reason
- The S.Y.S.T.E.M. 256 project offers several benefits for artists and investors, including the ability to earn tokens and NFTs through participation and voting success.
- Through the Voting for a good reason feature, token holders can cast votes in favor of artists during themed challenges, with rewards given based on the number of votes received. This provides a way for users to support and engage with the platform's community of artists, while also earning tokens and NFTs as a reward for their participation.
- Additionally, the project offers other ways for users to earn tokens and NFTs, such as through staking and active community participation. Users who stake their tokens can earn rewards based on the amount of tokens staked and the length of time they are locked up, while users who actively participate in the platform's community can earn rewards for creating and sharing content, participating in discussions, and inviting new users to join the platform.
- The ability to earn tokens and NFTs through participation and voting success provides a unique and rewarding experience for users of the S.Y.S.T.E.M. 256 project. By contributing to the platform's growth and success, users can earn valuable rewards that can be used to purchase artwork, stake for additional rewards, or traded on NFT marketplaces. This helps to build a strong and vibrant community of artists and collectors, and incentivizes engagement and participation in the platform's ecosystem.
- Voting interface application
4. Technical Specifications
- The technology stack base of Polygon and Binance Smart Chain (BSC) are blockchain platforms that are becoming increasingly popular among NFT artists and collectors. There are several reasons why these blockchains are well-suited for the NFT market
- Low transaction fees: One of the biggest advantages of using Polygon and BSC is that they offer low transaction fees compared to other blockchain platforms like Ethereum. This makes it more affordable for artists to mint and sell NFTs, and also makes it more accessible for collectors to purchase them.
- Fast transaction times: Polygon and BSC also offer fast transaction times, which is important in the NFT market where transactions can happen quickly and frequently. This ensures that NFT transactions can be processed quickly and efficiently, enabling artists and collectors to engage with the market in real-time.
- Interoperability: Both Polygon and BSC offer interoperability with other blockchain platforms, which means that NFTs can be easily transferred and traded across multiple platforms. This can help increase liquidity and accessibility for NFTs, making it easier for artists to sell their work and for collectors to purchase and trade them.
- Community support: Polygon and BSC have growing and supportive communities that are actively developing tools and resources for NFT artists and collectors. This includes marketplaces, wallets, and other applications that are designed specifically for the NFT market. This can help make it easier for artists to sell their work and for collectors to find and purchase NFTs.
- One of the advantages of these blockchains is that they host a list of top NFT collections in the world. This can help artists to gain visibility and recognition for their work, and also provide collectors with a curated list of high-quality NFTs to browse and purchase. This can also help to build a sense of community and establish a reputation for the platform among NFT enthusiasts.
- Furthermore, the top NFT marketplace, OpenSea.io, supports both Polygon and BSC. This means that NFTs minted on these blockchains can be easily listed and traded on one of the largest and most popular NFT marketplaces in the world. This can help to increase the visibility and accessibility of NFTs on these blockchains, enabling artists to sell their work to a wider audience of collectors
- YTEM token is project token and will be distributing its YTEM token on both Polygon and BSC. The YTEM token will have equal distribution between the two blockchains, with 50% of the total supply on Polygon and 50% on BSC
- This approach offers several benefits for the project and its users. By distributing the token on both platforms, the project can leverage the strengths of each blockchain, including low transaction fees, fast transaction times, and community support. It also ensures that the token is accessible to a wider audience of users, regardless of which blockchain they prefer to use.
- Moreover, the equal distribution of the YTEM token on both Polygon and BSC ensures that users can easily transfer and trade the token across both blockchains, providing greater liquidity and accessibility. This can help to build a strong and vibrant community of artists and collectors, enabling them to engage with the platform in a meaningful way.
- Overall, the equal distribution of the YTEM token on both Polygon and BSC is a strategic decision that can help to maximize the potential of the art crypto project and create a more accessible and inclusive ecosystem for young and aspiring artists.
- YTEM token Utility
- The S.Y.S.T.E.M. 256 offers several benefits to users who hold its YTEM token, including the ability to vote for artists during themed challenges, access to exclusive content and events, rewards for active community participation, and the option to stake tokens for additional rewards and platform influence.
- Through the voting feature, token holders can cast votes in favor of their favorite artists during themed challenges, helping to determine the winners and providing a way for users to support and engage with the platform's community of artists.
- Token holders also gain access to exclusive content and events, such as special workshops, webinars, and virtual exhibitions. This provides an opportunity for users to engage more deeply with the System 226 community, learn from industry experts, and gain access to unique experiences.
- Additionally, users are incentivized to actively participate in the platform's community and contribute to its growth. This can include activities such as creating and sharing content, participating in discussions, and inviting new users to join the platform. Users who contribute to the platform's growth are rewarded with tokens, helping to build a stronger and more vibrant community.
- Finally, users have the option to stake their tokens in order to earn additional rewards and boost their platform influence. Staking involves locking up tokens for a specified period of time, with users earning rewards based on the amount of tokens staked and the length of time they are locked up. This can help to encourage long-term engagement with the platform and provide an additional way for users to benefit from holding the YTEM token.
5. Monetization
The S.Y.S.T.E.M. 256 project offers several potential revenue streams that can help to monetize the platform and generate income for the project and its stakeholders.
- One key revenue stream is NFT royalties. As artworks are sold and resold on the platform, the project can earn a percentage of the sale price as a royalty fee. This can provide a steady source of income for the project over time, as the popularity and value of the artworks on the platform grows.
- Another potential revenue stream is tokenization. As the platform's native token, YTEM, gains in value and becomes more widely used, the project can generate revenue from the sale and exchange of tokens. This can provide a way for the project to monetize its user base and create value for its stakeholders.
- The project can also generate revenue through event and exhibition fees. By hosting meta-events and exhibitions, the project can sell tickets to users and earn income from the sale of these tickets. This can provide a way to generate revenue while also engaging and growing the platform's community.
- Finally, the project can earn income from the Vote-to-Earn system. As users engage with the platform and earn tokens and NFTs through participation and voting, the project can earn a percentage of these earnings as a fee. This can provide a way to monetize the platform's engagement features while also incentivizing participation and engagement among users.
Revenue streams:
6. YTEM token
- Token sale
- There are 4 rounds of YTEM token sale: pre-seed round, seed round, private round and public round with different locking periods.
- Total supply - 100 million YTEM tokens.
- YTEM`s value will be nominated / pegged to the US dollar (BUSD) in Binance Smart Chain and to the US dollar (USDT) in the Poligon blockchain.
- Nominal Price (the final public sale price) = 1 YTEM = $ 0.35
- Token distribution and fund allocation
- Token
- Token sale involves 4 stages: Pre-Seed, Seed, Private, IDO.
- During the Pre-Seed round crowdsales, no more than 2 500 000 YTEM will be sold.
- Soft cap: $100 000
- Hard cap: $250 000
- 2 500 000 YTEM will be sold at 0.10$
- The Seed round will be held 3 months after the start of the Pre-Seed round. In each of the periods between crowdsale rounds, the project will develop new functionality and expand the boundaries of the ecosystem. Innovations are demonstrated before the start of a new round of token sale, so it is possible to clearly monitor the purpose and appropriateness of the used collected funds.
These tokens will be offered as part of a crowdsale so participants can purchase tokens at an early stage, as well as contribute and support the further development of the ecosystem
The project considers a period of 1 month as optimal for closing the Pre-seed and Seed rounds. The following indicators are set for the Seed round: - Soft cap: $500 000
- Hard cap: $1 125 000
- 7 500 000 YTEM will be sold at $0.15
- The Private round is the largest crowdsale round before the IDO launch. Before its implementation, the project team has 5 months to use the funds collected during the Seed round.
- Soft cap: $500 000
- Hard cap: $3 300 000
- 15 000 000 YTEM will be sold at $0.22
- IDO will be launched 1 year after the start of sales of the Pre-seed phase. It is planned to sell 25% of the total issue, that is 25,000,000 tokens.
- Soft cap: $500 000
- Hard cap: $8 750 000
- 25 000 000 YTEM will be sold at $0.35
Stability
The YTEM token is distributed evenly across two blockchains, with 50% of the total supply allocated to Polygon and the other 50% to BSC. This strategic distribution maximizes the benefits of both blockchains, leveraging advantages such as minimal transaction fees, swift transaction processing, and robust community backing. This deliberate approach guarantees the token's accessibility to a broader spectrum of users, accommodating their blockchain preferences effectively.
The large amount of emission in the Private and IDO round was chosen specifically to meet the needs of users in tokens (not only as a means of saving and investing, but also as a tool for convenient settlement transactions). Since the implementation of new functionality is planned for this period.
Vote-to-Earn Mechanism: The voting mechanism with diminishing voting power based on the invested amount helps prevent concentration of power and speculative behavior. This encourages active community engagement and genuine participation, thereby bolstering the token's value stability.
These measures collectively contribute to a balanced and stable tokenomics framework for System 256, fostering investor confidence and sustainable growth over the project's lifecycle.
The number of tokens in the Team and Foundation, Marketing, Advisors, and Incubator allocations group is always equal to the number of tokens in the Pre-Seed, Seed, Private, and IDO group. If only a part of the tokens from the last group is sold, the tokens of the first group will also be limited. All tokens removed from these groups will be used for staking rewards.
In this case, the amount of tokens for the community will always be equal to or exceed the amount of tokens for the project's needs. This minimizes the risks of speculation on the price of the YTEM token by the project
Purpose and use of YTEM tokens
YTEM’s main purpose is to vote for artists during themed challenges. In addition, YTEM holders have access to exclusive content and events, rewards for active community participation, and the option to stake tokens for additional rewards and platform influence.
In general, YTEM tokens are an integral part of the project's ecosystem and can be used in the following areas:
- Exchange Listings DEX/CEX
- Vote-to-Earn
- Lotteries
- Incubator
- Marketplace
- NFT farming
- NFT generator
- Ads placement
- P2P exchange
- Wallet
- Donation
- Live Streams
- Traffic Sell
- Cryptoexchange for NFT trading
- Merch
- Freelance platform
Vote-to-Earn
The "Vote-to-Earn" system is implemented in a gamified manner, where the key mechanic involves the collaboration of two teams (mentor-artist and mentor-artist) on a specific project. The outcomes of their work are presented for voting to all token holders. It is important to note that the influence of an individual player's vote is not directly proportional to their invested amount. As the investment amount grows, the voting weight diminishes, incentivizing active interaction with the mechanic among community members. Ultimately, success is determined not only by the quantity of tokens invested but also by the number of participants who take part in the voting. Such an approach reduces the likelihood of fraud and speculation.
The winning team receives 10% of the total prize pool, which sustains ongoing motivation for participation and the engagement of new players within the ecosystem. To maintain the deflationary token model, 3% of contributed tokens undergo destruction, ensuring the stability and value of the project's tokenomics. Additionally, 15% of the total token supply is allocated to ensure continuous actions and the functioning of the ecosystem. This commission contributes to the project's sustainable profitability, supporting its development and long-term success.
Marketing
The tokens allocated for this section will be used for marketing campaigns and maintaining the platform's liquidity.
As a way to reward token holders, we will be hosting lotteries. By purchasing special token tickets, participants will have the opportunity to win a wallet that contains a one-of-a-kind NFT asset.
Airdrops are a strategic token marketing technique employed by System256 to promote its token and engage with the community. During an airdrop, a predetermined number of tokens are distributed for free to eligible participants.
Early holder campaigns are strategic initiatives employed by System256 to incentivize individuals to acquire and hold their tokens during the early stages of the project's development. These campaigns are designed to reward early supporters and investors for their commitment and participation.
Team&Foundation
Foundation tokens will be allocated to Ecosystem grants, Partner & Community incentives. The main difference from tokens allocated for ecosystem and development is that the incentives are not for new projects, but existing projects and core projects.
Upon the achievement of new financial indicators, the number of exchanged YTEMs or daily trading volume, a percentage of tokens will be allocated to reward the community and partners actively trading and developing the platform
During the project's developmental phase, the team can leverage these tokens to enhance and refine the product's features and functionalities.
Advisors
Tokens in this pool are intended to stimulate growth and support the stability of the ecosystem's development processes from the early stages. Since this portion of the tokens is 1/100th of the total volume, the short-term blockchain will not have a significant negative effect on the price of
Incubator
The System256 Incubator is designed to provide a nurturing environment for emerging talents within the digital realm. It offers a platform for young artists, creators, and innovators to develop their projects, receive guidance from experienced mentors, and access resources that facilitate their growth. The Incubator aims to foster a collaborative ecosystem where participants can exchange ideas, refine their concepts, and gain exposure to the Web3 landscape. Through strategic partnerships, educational programs, and targeted support, System256's Incubator is dedicated to empowering the next generation of digital pioneers.
Tokens YTEM serve as a means of settlement liquid assets for organizing, management and holding of events.
Staking
The Staking of System256 provides users with the opportunity to actively participate and contribute to the platform's ecosystem while also earning rewards. Through token staking, users can lock up a certain amount of tokens for a specified period. This process helps secure the network and validate transactions while enabling users to earn additional tokens as an incentive for their participation.
Token staking within the System256 ecosystem serves multiple purposes. It enhances the platform's security and stability by encouraging token holders to actively engage in the network's operations. Simultaneously, it aligns users' interests with the success of the platform, fostering a sense of ownership and community involvement.
Burning
To keep the economy healthy, the token burning process will be implemented. Token Burning mechanism ensures the stability of the ecosystem. Part of tokens (3%) is systematically burned, reducing the overall supply. This deflationary model helps counter inflationary pressures, maintaining or potentially increasing the value of the tokens over time.
7. Use Cases and Applications
- The S.Y.S.T.E.M. 256 offers a range of use cases that can benefit artists, collectors, and supporters of the art industry. These use cases include:
- Buying and selling art: The S.Y.S.T.E.M. 256 platform enables users to buy, sell, and trade NFTs, providing a new way to invest in and support emerging artists. With the platform's Vote-to-Earn system, users can also earn rewards for their participation, providing an additional incentive to engage with and support the platform's community of artists.
- Crowdfunding art projects: Through the platform's Incubator program, artists can access resources, mentorship, and growth opportunities, including the potential for crowdfunding their art projects. By engaging with the platform's community of supporters, artists can build awareness and raise funds for their work, enabling them to focus on their creativity and craft.
- Promoting artist visibility and recognition: The S.Y.S.T.E.M. 256 platform provides a way for young and emerging artists to showcase their work, connect with industry experts, and build a community of supporters. By engaging with the platform's community and participating in themed challenges and events, artists can gain visibility and recognition, potentially leading to new opportunities and partnerships within the industry.
- The S.Y.S.T.E.M. 256 project has the potential to significantly impact the art industry by creating a more inclusive, diverse, and accessible ecosystem for young and aspiring artists.
- Traditionally, the art industry has been dominated by established artists and galleries, making it difficult for emerging artists to gain recognition and success. The S.Y.S.T.E.M. 256 project seeks to change this by providing a platform for young and aspiring artists to showcase their work, connect with industry experts, and build a community of supporters.
- Through the project's unique Vote-to-Earn system, users can engage with and support the platform's community of artists, while earning rewards for their participation. This provides a way for users to support emerging artists and invest in their work, without the need for extensive financial resources or industry connections.
- The project's focus on socially relevant themes also helps to promote important conversations and issues within the art industry, driving meaningful change and progress. By encouraging collaboration and engagement on these themes, the project is helping to create a more diverse and socially responsible art market.
- The S.Y.S.T.E.M. 256 project has the potential to disrupt the traditional art industry and create a more inclusive and accessible ecosystem for young and emerging artists. Through its innovative platform and engagement features, the project is empowering a new generation of artists and promoting creativity, diversity, and social responsibility in the industry.
8. Roadmap and Future Developments
As of the current moment, System256 has successfully completed the development plan for the second quarter of 2023, including the following achievements:
- Website launch
- Team onboarding
- Mentor onboarding
- WhitePaper release
- Social Media Integration
The detailed development plan for the ecosystem of System256 is presented below:
- The third quarter of 2023
- Onboarding investors to support the project's mission and help drive its growth.
- Total supplyOnboarding to a launchpad to facilitate the successful launch of the YTEM token and ensure a strong start for the project. - 100 million YTEM tokens.
- Releasing S.Y.S.T.E.M. 256 XP missions to provide users with engaging and rewarding experiences on the platform.
- Launching the first projects on the platform to showcase the work of young and aspiring artists and build momentum for the project.
- Announcing the launch of the Incubator program to provide comprehensive mentorship and growth opportunities for artists on the platform.
- Raising funds through a seed round to support the project's growth and development and ensure its long-term success.
- Nominal Price Integration of partner’s mini-games/games into the platform to ensure user engagement and earn additional income.(the final public sale price) = 1 YTEM = $ 0.35
- Launching lotteries for platform users in order to increase and retain an audience and improve the financial condition of the company.
- The fourth quarter of 2023
- Raising funds through a private round to support the project's mission and ensure its successful launch.
- Releasing the Play-to-Earn platform to enable users to engage with and support the platform's community of artists, while earning rewards for their participation.
- Implementing UX/UI improvements to enhance the user experience and make the platform more accessible and user-friendly.
- Launching the Incubator program to provide comprehensive mentorship and growth opportunities for artists on the platform.
- Conducting marketing activities to promote the platform, raise awareness among potential users and investors, and build momentum for the project.
- Onboarding to both centralized and decentralized exchanges (CEX/DEX) to ensure widespread adoption and accessibility for the platform's native token, YTEM.
- Launch of an NFT marketplace for artists and artists, which provides for the sale of unique products outside of collections or packs.
- Unique NFT generator integration for fast NFT creation.
- Creating the utility and liquidity of NFTs through farming.
- Implementation of educational courses and materials to generate company income and disseminate information about it.
- Advertising integrations through the creation of NFT collections by artists dedicated to a particular brand.
- The first quarter of 2024:
- Raising funds through a strategic round to support the project's mission and accelerate its growth.
- Onboarding to a major launchpad and centralized exchange (CEX) to facilitate the successful launch of the YTEM token and ensure widespread adoption and accessibility.
- Conducting an initial DEX offering (IDO) to provide users with the opportunity to invest in the project and contribute to its growth.
- Opening staking on the platform to enable users to earn rewards and boost their influence on the platform.
- Launching the marketplace to enable users to buy, sell, and trade NFTs on the platform.
- Conducting airdrop activities to incentivize participation and engagement among users, and reward early supporters of the project.
- Integration of a P2P exchange.
- Implementation of a wallet.
- Organization of streams of artists' work to attract and engage the audience.
- Implementation of a donation system for additional income.
- Selling traffic using the unique interest of platform users to attract branded stores and ensure project profitability.
- The end of 2024:
- The issuance of a project's bank card linked to the token balance on the platform for everyday payments has been executed.
- The establishment of an exchange for trading artists' NFT collections has been initiated.
- The creation and launch of a freelance platform with the integration of fees for each action, similar to the functioning of the Upwork platform, has been realized. On this platform, clients will post tasks that will be executed not by specific artists, but through the platform.
- The development and release of branded company merchandise has been accomplished to establish and strengthen the connection between System 256 and users, as well as to promote the brand in people's daily lives.