In a much-anticipated announcement, FRESCO has made the public aware of their upcoming ICD from where potential clients get the chance to walk away with the 300 million tokens that are up for grabs. Initially, the FRESCO ICO had not made significant interest. However, the introduction of ICD brings a different concept which provides a win-win situation for everyone willing to participate.
Starting with the basics, FRESCO ICD will allow the community supporters to undergo an art test from where each successful applicant get 2,000 FRES for entirely free without having to donate anything.
FRESCO Project Background
With its inception, FRESCO aims to become the first blockchain network to facilitate art trust and distribution between the interested parties. With transaction and art circulation facing different hurdles such as regulation and fraud, FRESCO seek to bring a new sense of authenticity and transparency by building a revolutionary art trust ecosystem. The sharing network will create a decentralized structure from where artists, art investors, galleries, dealers and administers to demonstrate their artworks and measure their value. FRESCO Initial Coin Distribution (ICD) For FRES Tokens to Release 300 Million Coins
Why The ICD test?
Although it’s an ICD test, FRESCO uses a POW (Proof-of-Work) process to award the token holders. Initially, a POW means the user has to define a computation calculation to satisfy the mining process and get rewarded with the tokens. However, in FRESCO's context, there is no need for the mining process since the 100-question test replaces the mining process. Consequently, this means the process is less hard for the potential token holders. But the overall concept of using the ICD art test is to build a global art community that will appreciate artworks through blockchain.
Steps To Becoming Eligible For The FRESCO Community
- Fill out the form on the provided link using a valid email address
- Enter your social media handles and follow the FRESCO accounts on those platforms. FRESCO needs your support to let more people know about us!
- Pass the FRESCO ICD Community Test, 100 questions (each is 1 point) about the art world and FRESCO's concepts. A passing grade is 80 points.
- Provide your ERC-20 compatible Ethereum address – it should be an ERC-20 compatible wallet such as MyEtherWallet, MetaMask, Ethereum Wallet, Mist, etc. (Please note that FRESCO will NEVER ask you for your Private Key nor any token donations).
Every participation entry that is successful receives 2,000 FRESCO Tokens.
You can attempt the test multiple times to score above 80, but you can pass the FRESCO ICD Test only once! If you are successful in the V1-V4 test, you can participate in the V5 test to work on your art knowledge but will not get additional 2,000 FRES.
Is FRESCO A Viable Idea For The Art World?
Becoming transparent, authentic and decentralized are the number one concerns for the art community and FRESCO is looking to do that and so much more. Whether an art collector, creator or a seller, FRESCO's revolutionary idea could probably have an impactful effect in some way. Still, the art industry is very young, and FRESCO still faces advent competition from like-minded projects. However, with their ICD test, FRESCO present a unique challenge for art enthusiast to get free tokens and showcase their knowledge.
Through the Art & Entertainment In The Blockchain Age Symposium organized by Elastos & FRESCO, we seek to discuss and explore how the Art & Entertainment industries should prepare for the upcoming revolutionary change and usher into a new era.
— FRESCO (@FRESCO_NETWORK) June 1, 2018
FRESCO Token Details
- Symbol- FRES
- Platform- Ethereum
- Model- ERC20
- Accepts- ETH
- Hard cap- 80,000 ETH
- Soft cap- 15,000 ETH