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Summary of Artery Network
Key Points
- Artery Network launched on October 18, 2020, on its own blockchain (Artery Blockchain)
- Main task: provide tools to improve data safety on the Internet
- Products: Artery Storage, Artery VPN, Artery Node, and computer application
- Network participants receive rewards in ARTR coins for allocating resources
- Ultimate goal: provide products to private users and adapt for B2B sector
Coins and Delegation
- Total issue of coins: 4,000,000,000 ARTR
- Issue term: approximately
Introducing Artery Network: A Revolutionary Blockchain Ecosystem
Artery Network is a pioneering project that debuted on its proprietary blockchain (Artery Blockchain) on October 18, 2020. Its primary objective is to furnish the market with innovative tools to bolster data security on the Internet. At its inception, the project launched a mobile application bearing the same name, featuring Artery Storage and Artery VPN products. The seamless operation of these products is ensured by Artery Network members, who allocate resources such as disk space and Internet connection through the Artery Node product within the application. In return, network participants who contribute their device resources receive a reward in ARTR project coins, proportional to the amount of allocated resources. Additionally, the Artery Network computer application was initially designed for block validation. From early 2021, the development team has been implementing Artery Storage and Artery VPN products, as well as the capability to allocate personal computer resources, thereby increasing decentralized storage capacity and Artery VPN bandwidth. As of June 2021, the computer application products have successfully completed testing and are poised for release. The ultimate goal of these products is not only to cater to private users but also to adapt them for the B2B sector, enabling the latter to leverage the network’s full resources and providing network members with consistent rewards.
About coins The total supply of ARTR coins is capped at 4,000,000,000. The issuance period spans approximately 10 years. Unlike traditional mining methods, ARTR coins are generated through a delegation process. This mechanism not only ensures liquidity for the coin but also empowers other network participants to become validators, thereby fortifying the Artery Blockchain. As of June 2021, a staggering 93% of ARTRs are delegated, indicating that the majority of coins are frozen and not traded on the exchange, which in turn bolsters the coin’s value. The reward system is designed to incentivize users, with payouts tied to the number of frozen (delegated) coins. This process introduces new coins into the market. The delegation fees are outlined in the project’s White Paper. To mitigate inflation, the project has implemented a system of decreasing rewards for delegators, with the first reduction occurring on April 18, 2021. Notably, during the initial 7 months of the project, the ARTR rate surged 14-fold, from $0.11 to $1.4 (as of June 5, 2021).
The paramount objective of the project is to ascend to a preeminent position in delivering decentralized solutions, catering to the diverse needs of individual users and the B2B market alike.