ZoomArt is a project that issues tokens using collectible items from around the world as collateral and increases liquidity and value. Collectible items refer to valuable items that can be sold at auction, such as art, watches, branded items, precious metals, and wine. These have a lack of secondary markets and funding methods, resulting in a decline in the liquidity of their holders. In order to solve such issues, we aim to increase liquidity through tokens.

First, this token will be issued using collection items as collateral. The issued tokens will be distributed to each stakeholder according to a predetermined distribution. The depositor also receives a token, but the depositor can withdraw the collection item by returning this token to the system. When you withdraw a collection item, the tokens issued associated with that artwork will be burnt from the system. This maintains a balance between collectible item market capitalization and token market capitalization.

In order for the depositor to withdraw the collection item, he/she can keep the collection item by returning the same amount of tokens as the tokens originally granted. Therefore, you will not lose your collection items as long as you do not sell your tokens. Even if the token price falls, it will only reduce the valuation of the token in hand, and if you return the token, there will be no effect on the collection item.

When looking at the ecosystem as a whole, it is problematic that there is a discrepancy between the collateral price and the token market capitalization. We will correct this by conducting a review of the valuation of collection items'' with our partners andadditional procurement of artworks” through token governance.

The premise is that the costs incurred are “partner service usage (storage fees, etc.)” and the revenue generated is “operation fees from token sales profits and staking.” Unless you manage it yourself, you will basically be charged storage fees, so there is a possibility that operations will be improved from the current situation. However, costs and profits will vary depending on the valuation of the collection item and the market price of the token. Earnings from operation are not guaranteed, and our company will not be responsible for any damage or loss that may occur.

Coverage varies depending on the partner’s own risk measures. ZoomArt is not responsible for any risks incurred by partners. Please see our partner coverage details for more details.

When ZoomArt determines that the artwork is no longer under its control, it will forcibly burn the token.

*This is a general description of the art warehouse’s compensation details for reference. Breakage, damage, staining, etc. caused by theft or poor management are generally covered by compensation, while unavoidable disasters or material problems are often not covered by the warranty.