PAINT: The unique tokenomics behind MurAll

Recall the stories of those divers who ventured deep into the depths of the wreck of the Titanic, surfacing with six bottles of wine, each worth a staggering $1 million. So what did the divers do? They drank one of the bottles. And then another bottle. At first, it seemed like a shocking waste – how could they squander such a precious discovery, but there was a deeper idea behind their actions: by drinking these two bottles, it meant that the original six bottles were gone, leaving only four. With each bottle consumed, the surplus becomes scarcer and more coveted, worth far more than it was originally valued. This story of scarcity and value aptly provides a fitting prelude to the tokenomics of the PAINT token, which is one of the pillars of the MurAll platform.

PAINT - The Essence of Creation

In the world of MurAll, the PAINT token is similar to real-life paint, using a single-use principle. Every time you create on a MurAll canvas with PAINT, it is “destroyed”, effectively removed from circulation. PAINT has a fixed total supply of 22,020,096,000 tokens, a figure calculated based on the cost per pixel of 0.5 PAINT required to paint on the original Revo1t wall, which has a resolution of 2048 x 1024 pixels. This allows up to 21,000 full overlays of that canvas. As a result of this fixed supply and destruction mechanism, the global supply of PAINT decreases after each art creation, leading to an increase in scarcity and value. This scarcity provides a powerful incentive for artists to thoughtfully utilize PAINT to create high-quality, impactful artworks. The careful use of resources ensures that MurAll has always maintained a thriving platform for meaningful, impactful works of art, underpinned by a limited supply of its core token.

MurAll NFTs - Inclusive Artistic Value

In MurAll’s ecosystem, painting is more than just a simple act of creation, it creates non-fungible tokens (NFTs), which are a reflection of the process by which raw materials in real art evolve into more valuable objects. These NFTs become a digital embodiment of the artist’s creativity and efforts, have intrinsic value, and can realize potential value through trading or collecting. As a result, the quality and meaning of the work becomes the focus of attention, as high-quality, meaningful works are more likely to attract interest and retain their value.

In the process, the artist was inspired to make good use of PAINT. With the supply of PAINT fixed and the trend towards deflation, every stroke counts. As PAINT becomes more scarce, creating on MurAll is not just about artistic expression, it’s about creating an increasingly scarce and valuable asset. This dynamic ensures that artists are motivated to use PAINT with care, striving to create works of art that are both aesthetically pleasing and investment-worthy. In addition, the finite nature of PAINT limits the number of NFTs that can be produced, adding an extra layer of scarcity, thereby boosting the value of each NFT created on MurAll. The inherent limitations of NFT production not only highlight the uniqueness of each work of art, but also increase the importance of each artistic decision on the platform.

Harmonious Dual Tokenomics: Driving Quality, Authenticity, and Accessibility

The interplay between the PAINT token and MurAll NFTs creates a harmonious dual tokenomics system that not only incentivizes the creation of high-quality art, but also democratizes access to the digital art world. The PAINT token is the key to accessing the MurAll canvas, ensuring that anyone with PAINT tokens can contribute to the ever-evolving mural. This idea of open access empowers artists across the globe to be a part of MurAll’s artistic revolution without being limited by fame or status in the traditional art world. MurAll’s tokenomics synergy ensures the production of high-quality, authentic content on MurAll, as artists are not only incentivized by the potential economic value of their work, but also have the opportunity to make a meaningful contribution to the digital canvas, replacing the need for centralized control with a self-regulating ecosystem where artistic value and scarcity complement each other.

MurAll Governance & the Evolution of Community Engagement

With the growth of MurAll, a significant milestone was the establishment of the MurAll Decentralized Autonomous Organization (DAO). The DAO was introduced after the launch of the platform and manages a reserve of 10,444,080,308 PAINT tokens, representing a shift towards inclusive and decentralized governance. Together, the PAINT token and NFT holders shape the future of MurAll, ensuring that the platform evolves with the collective will of its community. This evolution of governance highlights MurAll’s commitment to a democratic, artist-centric experience.

MurAll: Passion for Work and Independence Vision

MurAll’s journey is a testament to its unwavering commitment to its core principles, deliberately avoiding traditional funding avenues such as angel investors or PAINT’s private sale. The purpose of this firm choice is to ensure that the integrity of the platform and the original vision are not disturbed. By eschewing the pressure of external investment, the team has succeeded in maintaining the artistic and democratic essence of MurAll. This independence is evident not only in the platform’s unique token distribution strategy, but also in cementing its foundation as a community-driven ecosystem. The strategic allocation of PAINT tokens, especially for artists and ERC721 NFT holders, has been carefully curated to attract a community that truly values and makes the most of its creative potential. Combined with the democratic governance introduced by the MurAll DAO, this approach fosters a diverse and vibrant arts community that deeply resonates with MurAll’s founding philosophy.

MurAll’s innovative approach to tokenomics reflects a deep understanding of the art process, transforming raw materials into works of art and transferring them into the digital world. Through the linkage of PAINT and NFT, MurAll realizes the harmonious integration of art, technology and economy, providing a unique platform where art is not only created, but also given value and preserved in the blockchain era, embodying the true spirit of artistic transformation. This innovative approach not only provides insight into the essence of artistic creation, but also opens up more possibilities for the future, and with the guidance of technology, it shows infinite prospects.

Source: Golden Finance