Introduction

ARTT.Network is a groundbreaking tokenized scholarship program developed by the MBM Foundation. Founded by Wojciech Kaszycki, this innovative platform leverages blockchain technology to provide unprecedented transparency, accessibility, and opportunity to underprivileged students around the world. Utilizing $ARTT tokens as a means of payment, ARTT.Network revolutionizes the staking landscape by offering users the ability to stake tokens and receive non-fungible tokens (NFTs) as Structured Investment Products. These NFTs can be easily traded, further enhancing their value and utility within the ecosystem. Moreover, the platform incorporates a fee mechanism, benefiting the foundation with each staking and unstaking action, and a whitelisting feature for added control. With the support of BitForex exchange, ARTT.Network aims to create a brighter future for deserving students and transform the scholarship landscape.

The Code

The solidity smart contract behind this revolutionary staking platform is built using OpenZeppelin's well-established library of contracts, ensuring a secure and robust foundation. The contract includes a carefully designed staking mechanism, allowing users to stake their ARTT tokens and receive unique NFTs representing their investment while implementing a fee mechanism for the foundation and a whitelisting feature for added control.

Innovative Staking

The ARTTStakingContract allows users to stake their tokens for a specified period, with a minimum and maximum staking limit in place. Stakers receive an NFT representing their staked tokens, and each NFT is assigned a unique token ID. The NFTs include crucial information about the staked tokens, such as the staking amount, start time, staking period, and the APY.

Upon staking and unstaking, a fee percentage defined by the owner is deducted from the staked amount and transferred to the foundation wallet, providing additional support for the scholarship program. The staking process is accessible only to whitelisted addresses, giving the contract owner control over who can participate in staking. These NFTs can be easily traded, providing additional liquidity and flexibility for stakers. Additionally, the APY for each staking period is customizable by the contract owner, allowing for fine-tuning of the staking rewards structure.

Reward Distribution

The platform implements a daily reward distribution system for stakers, with a unique reward distribution mechanism based on a pseudo-random winner selection process. Each day, a winner is selected to receive a predetermined reward amount, further incentivizing users to participate in the staking process.

Customization and Control

Initially, the foundation has full control over crucial parameters such as the minimum and maximum staking limits, APY for each staking period, the daily reward amount, staking and unstaking fee percentages, and the whitelisting of addresses. This level of control allows for the fine-tuning of the platform's incentive structure and ensures a sustainable ecosystem. In the future, governance will be transitioned to a decentralized autonomous organization (DAO), allowing the community to participate in decision-making processes and further democratizing the platform's control.

Conclusion

ARTT.Network's innovative approach to staking, utilizing NFTs as Structured Investment Products, incorporating a fee mechanism, and introducing a whitelisting feature, has the potential to revolutionize the staking landscape. This groundbreaking platform provides users with an attractive, flexible, and easily tradable investment vehicle, further solidifying the value and utility of the ARTT token within the ecosystem. As the staking platform continues to evolve and grow, it will undoubtedly attract more users, fostering increased adoption and success for ARTT.Network.

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