APA Token FAQs
APA Token FAQs
How do I receive APA tokens?
You can purchase APA tokens by creating an account on www.AllPublicArt.com. When you go to your “Account” page, there will be a link on the left side menu that says “Create APA Token Account” where you can sign up via Facebook, Google Plus or MetaMask. If you choose Facebook and Google Plus, you’ll automatically receive your own unique Ethereum Address to hold your APA Tokens. After you sign up, you’ll be able to purchase APA tokens on the same page.
Are APA tokens going to be featured on a cryptocurrency Exchange?
APA tokens are utility tokens designed to be used only on www.AllPublicArt.com, however, we are currently working on preparing the APA tokens to be positioned so that in the near future we can have the option of featuring them on Exchanges. At the moment, APA tokens are not designed or created to be a security or investment to be used on an Exchange. The APA tokens are designed to be used as utility tokens on www.AllPublicArt.com to be traded for artwork and items, with the intention of creating a great environment for artists and art collectors to come together and trade, while taking advantage of the benefits of blockchain technology.
All Public Art has two types of APA tokens: an ERC-20 token called the APA Token and an ERC-721 token, called the APArt token… what’s the difference?
Yes! The APA token, which is an ERC-20 token, is used as a currency and medium of exchange so that artworks and items can be traded on www.AllPublicArt.com. When you purchase APA tokens (ERC-20 tokens) on All Public Art, you’ll receive them in your Ethereum address in your APA Account and will be able to acquire art or items on All Public Art.
APArt Tokens are ERC-721 tokens designed to identify each artwork that has been posted for sale on www.AllPublicArt.com on the blockchain. When an artwork is posted for sale, its details are logged on the blockchain. The owner of the artwork is also the owner of the unique ERC-721 token that the artwork is connected to on the blockchain.
I’m an artist and have tokens from the sale of my artwork. What can I get with my tokens?
When you acquire APA tokens you can use them to purchase a variety of items, art courses and access to art events. We are in the process of adding items that we believe will enhance the lives of artists. The goal is to provide you with items that are cheaper than if they were paid with fiat. APA tokens can be used for all the items in our system. Since APA tokens are utility tokens, we legally cannot trade APA tokens for USD or other forms of fiat. Some artists want cash for their artworks, but since All Public Art cannot have our utility tokens be traded for cash or fiat, we have found beneficial ways for our artists to get value from the items we have available.