Ideology & Methodology of UniArts’ Network:

  • These votes are counted and decide which candidate nodes can become validators;
  • Once selected, validators are able to receive block rewards, and 25% of which will be minted into NFTs bonded with validators;
  • Validators are able to decide the allocation of remaining 75% between them and nominators who vote for the NFTs;
  • Have a community that understands how the system works, and is willing to purchase UART in order to vote;
  • Launch a testnet, not only to test the technical aspects of the solution, but also the feasibility of the economic model and community mindset
  • Launched a NFT gallery on an established network and using smart contracts to simulate the operation of one validator to achieve the designed feature and economy model.
  1. There are 6 NFTs candidates for each voting round, the period of which lasts 14 days.
  2. All NFTs will be transferred to an auction round after the voting round finishes, and the period of auction around is 5 days
  3. According to the number of votes obtained by each NFT, UART rewards will be cast into NFTs, which can be retrieved by the owner.
  4. Vote for NFT won’t cost any token, the voted token can be retrieved at UTC 00:00 the next day.
  5. Vote reward will be distributed at UTC 00:00 everyday during the voting period.
  6. Auction reward will be distributed after the auction round. The higher the deal price, the more benefit will be available for the voters of the NFT.
  7. If NOT retrieved, the voted token will be counted as another vote for the same NFT.
  8. 1 wETH vote = 100 UART vote
  9. Both vote rewards and auction rewards are bonded at first, you need to unbond your UARTs in order to withdraw them into your wallet. Bonded UARTs can be used to vote for NFTs to earn more reward. Unbonding UARTs can NOT be used to vote.
  10. Unbonding UARTs takes 60 days to complete, and releases 1/60 of the total amount each day during the process.
  • - Famous NFT collectors;
  • - Other NFT projects or projects with NFTs

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