In this generation of cryptocurrency and funds, you must know the basics of how to handle it. While art has always been in our aesthetics, combining art with funds can be a disastrously amazing experience, with a little expertise in transactions and operating Botto- yes, the project we’re about to discuss here.
What is Botto?
Botto is a community project that governs art and aesthetics chosen by the community. It is still in its infant experimental stage where you need to be cautious about the legalities and take slow steps on proceeding to stakes and deposits. Ultimately, Botto governs the most voted art piece for auction and comes with a new concept next time.
How does Botto work?
Botto works on the community art preferences, which are obtained through cash converted into Ethereum funds, being modelled into Botto tokens for placing stakes ad deposits, ultimately leading to the voting rights. The first step is to get started with an Ethereum wallet and fund it with some Ether (ETH or Ξ) through some cash. After this, you can exchange your ETH for Botto tokens that validate your participation in the voting process. Since the Ethereum Blockchain mechanism of Botto is still in progress, you must be cautious.
How to get Ethereum?
To get Ethereum, you need to begin by setting up an Ethereum wallet (MetaMask is recommended) and fund it with Ether via Coinbase or Transak through Bank-wire, ACH transfer, Bank transfer, or Debit/Credit card payments. The platforms will guide you throughout the process, so be attentive. This funding process takes around 30 minutes, but you can take your time to read the terms and conditions before proceeding with any kind of fund transaction and deposits. Once the transaction is confirmed, you can check your Ethereum balance in the wallet.
How to participate in voting and auction?
For active participation in the voting, you need to swap your Ether in the Ethereum wallet with Botto tokens. It gives you Voting Points (VP), which are used for casting votes on the art pieces. The voting mechanism adjusts your vote weightage and the liquidity associated. Later, the chosen art is minted and auctioned at the end of the week, and the auction proceeds are used for buying more Botto and generating commission.
Legal contracts of Botto
Botto is operated through a series of legal contracts that determine the audited progress of the project. Such as the token contract deals with the Botto transactions and Ethereum, while the airdrop contract handles the claims of tokens. The governance contract deals with the stake, and their proper distribution, while the liquidity mining contract handles the mining rewards and respective payoffs.
Inquiries at Botto
For any query related to funds, general art, auction, payment, Ethereum, voting, auction, stakes, and other terms, you can place a mail with your particulars to email@example.com. It is even more easy to reach the Botto team at Discord and get quick answers. Whether it is related to the art featured on the page or community vision, you will be addressed properly.