Topic: [ANN] Artist Colony Mining Token "The Starving Artist Fund" (Read 1032 times)

More reading, less stupid questions.

Hi- I am lothendriels business partner and co-owner of coloredcoin.io, I also run a few assets on the colored coin/open asset protocol.

This isn't a standard "coin". It uses open assets/colored coins.

more pic, less text 

It will be an ICO and you will need an escrow! 

Nahh. Fresh out. I have some Midol that the girlfriend keeps though and that has gotten me through many a headache lol

Got any migraine tablets?

Thanks for the good wishes. I just wanted to do this as a way of using Bitcoin in a good way to help people. I do hope it takes off. We're working with some art guilds and really hope to get a nice following in the Bitcoin artist community

Ok thanks for the explanation.

GL OP. This one is not for me in so, so many ways.

The Bitcoin blockchain. These are Bitcoins that have been tagged in the last 600 satoshis to give it the ACMT identifier. Hence the term "colored". Coloring a Bitcoin pertains to tagging that Bitcoin with an identifier

Oh heck I didn't need the Velvis link. I know that a Velvis is a velvet Viva Las Vegas-ish type wall hanging lol Thanks for the well wishes!

Which blockchain are you using then and will it have its own wallet?

This is actually an asset based on the colored coin technology. Each ACMT is a colored Bitcoin. For info on this tech visit http://coinprism.com or http://coloredcoins.org/.

Each ACMT is a "share' of mining profits and it caters to artists (and anyone holding ACMT) to give them a weekly income of BTC when fiat is hard to come by.

ok - good luck and can I get a Velvis somewhere from a Starving Artist?

http://www.urbandictionary.com/define.php?term=Velvis

TLDR. What are the coin specs and is it 100% pre-mine and will 100% be ICO?

LOL. Shoot no! If I had Hashnest's full resources I'd be funding this whole project myself

sure you're not Hashnest in disguise?

Thanks for the heads up I really want people to understand what this is about. Those that take the time to read are the ones we're asking help from. Have a great day!

Too much Text 

http://artistcolonyminingtoken.com/wp-content/uploads/2015/05/ACMTLOGOSITE.png

“Qualis Artifex Pereo”

WHAT IS ACMT?

ACMT lives on the bitcoin blockchain in the form of coloredcoins. A Colored Bitcoin is a Bitcoin that has been tagged at the last 600 Satoshis to bare a unique identifier that marks it as an ACMT asset. You can find more info about colored coins at http://www.coinprism.com or http://coloredcoins.org/ . Each ACMT is fed by a main account. When the main account disperses funds; the funds (Bitcoins) get evenly distributed to ACMT holders based on the percentage of the collective ACMT they hold.

Sometimes it’s tough being an artist. While you’re out in the real world trying to earn enough of a daily living to continue your pursuit of your dream of making money from your art; money sometimes creates a mood of hopelessness. A feeling of anxiety that you may not have enough money to make daily ends meet let alone allot you enough to purchase tools to continue your craft.That’s where Artist Colony Mining Token can help!We intend ACMT to be a means of returning hope to struggling artists of all mediums. By utilizing the colored Bitcoin asset technology ACMT looks to give artists a weekly income. Bitcoin can be spent anywhere around the country or world to purchase items necessary for life or to garner items that one needs to continue to grow. If you have ACMT in your color aware wallet you can travel anywhere and find at least one place that you can use Bitcoin to purchase a cup of coffee, food, or items.As an artist I know that sometimes fiat currency is an issue. Sometimes artists get stuck on the road without the fiat means to do anything. But if you have a tablet, smartphone or even a paper Bitcoin wallet; you can sustain yourself if you know where to look. And you can do this even better if you have a steady income weekly coming in.

ACMT will be the means by which an alternative for sustenance can be used and will give a lift to an artist’s spirit which will in turn sustain a connection to the creative muse helping one achieve their goals.

WHAT ACMT DOES TO HELP

The structuring of ACMT is based on a foundation of Bitcoin mining. In the beginning stages of ACMT all income will depend on cloud mining contracts. Our first choice for cloud mining services because of their transparency, reputation and willingness to always help was Hashnest. We based our decision on the fact that Hashnest is a known and respected manufacturer of mining hardware. All cloud mining contract buys through Hashnest will be a mix of Antminer S5 & S4 units. Other cloud mining choices can be made based on community consensus.

After a build up of cloud mining contracts ACMT will, in the future, use any profits garnered from the manager’s other revenue streams to purchase actual hardware for mining. Upon commuinty consensus ACMT management will purchase, from Hahsnest or other sources, mining hardware that can then be used to more efficiently obtain Bitcoin for the Token.

ACMT will also have, on its website at http://artistcolonymingtoken.webs.com, a daily display of artists that this project is aiming to help. We will display a picture or piece of artwork on the front page and offer a donation button so that if someone would like to donate to the cause they can. All donations will go towards purchasing more mining speed or, if this means of acquistion proves effective, purchase of actual mining hardware.

ACMT also provides a fun way for people to earn Bitcoin of their own while helping the main ACMT account by utilizing one of the best hardware mining backed games on the internet, Ore-mine.com - http://ore-mine.com/?r=28282 . People can earn Bitcoin and help ACMT main Ore-mine account earn Bitcoin as well by signing up at Ore-mine website.

HOW DOES ALL OF THIS HELP STRUGGLING ARTISTS?

Artists can purchase ACMT to add to the assets in their color aware Bitcoin wallets to have a steady weekly allotment but the main idea behind ACMT is a little more than this. We aim to help by, at a point in time where the project matures, offering giveaways of ACMT to artists that the community chooses by consensus. ACMT candidates will receive ACM Tokens free of charge which will be given out of the main ACMT account or by a collaborative donation by community memebers already holding the coin.

Artist Hali Holzhauser is already an ACMT asset holder. Here's one of her pieces:

http://artistcolonyminingtoken.com/wp-content/uploads/2015/05/Hali.png

She's a early teenage artist and hopefully ACMT will be able to later on help her with some of her college funding. Just one thing ACMT hopes to accomplish in its endeavors.

HOW DOES THIS ALL WORK?

All Bitcoins acquired by ACMT efforts will be paid out on Fridays at 6PM EST. 25% of the acquired Bitcoin will be reinvested back into mining speed or hardware. 75% of all acquired Bitcoin will then be issued to ACMT holders. All mining acquisitions will be sent to Crowdsale for dispersal to ACMT holders

All proceeds from the ACMT Ore-mine.com address will be sent to ACMT Bank address which will also be holding any and all donations. Once ACMT Bank reaches enough to acquire 100 GHS on cloud site(s); it will be used to acquire more speed for the benefit of all ACMT holders.

You will need a colored coin aware Bitcoin wallet and you can get one at Coinprism

I am providing all addresses used in this account for transparency sake so that it all may be easily followed:

ACMT Crowdsale
akVxssLfNuxUwbh5u2ZpexDMuXeHMb8HRWe (Send ฿0.01871 per ACMT to this address to directly purchase. You must have a color aware wallet which can be acquired by visiting http://www.coinprism.com)

ACMT Donation

1k5TnrQGRGrP551SJv5qC12zJvFVwsLtL (For donating Bitcoin)

akBhxhxfjjuAYFKENUw2GV3ucKv6RQfUPZ8 (For donating assets)

Ore-mine Deposit Address/Wallet

1NB55RiihmmnSb7JEWSPQAF5pdRy9BYEVC

ACMT Hashnest Account Deposit Adress/Wallet

1JkXzdYKHvLkJcX63fY8GfyrJsFmpGVFdq

ACMT Owners page

https://www.coinprism.info/asset/ATcCsvax7qQhdhcE3MASwDJVSgjKVf4EDZ/owners

ACMT can be purchased through the Crowdsale address and they are the Bitcoin value of ฿0.01871 per ACMT. TX fee is included in the price.

WHERE ELSE CAN I GET ACMT?

You can purchase ACMT at our vendor – COLOREDCOIN.io (http://coloredcoin.io)

FOR QUESTIONS AND INTERACTIONS GET A HOLD OF US HERE ON OUR SLACK CHANNEL

https://coloredcoin.io/join-us-on-slack/