🔎Transparency Report: The Artist Xchange Token Creation and Liquidity Process Breakdown

This report provides a detailed breakdown of The Artist Xchange's token creation and liquidity process on the Polygon network. Learn about the three tokens created, their utility, market supply, and the decision to use Uniswap for liquidity. Discover the research and development done to gain a better understanding of the market and the multiple buy and sell transactions made. This report emphasizes the importance of transparency with the community and provides additional resources for learning about the tokens and the platform.

We chose Uniswap

I. Introduction

In this breakdown analysis, we will examine The Artist Xchange's token creation and liquidity process to increase transparency with the community. The Artist Xchange is a platform that connects artists and fans, allowing them to swap artist coins on the Polygon network. The platform has created three tokens, each with a specific utility, and provided liquidity for these tokens on Uniswap.

II. Token Creation

The Artist Xchange has established three tokens on the Polygon network: Artist Xchange Coin ($ARTIST), Marzs AX Coin ($AX), and LK1 AX Coin ($LK1). Each of these tokens serves a specific purpose within the platform's ecosystem.

The primary token used for transactions on the Artist Xchange platform is $ARTIST, which also provides staking rewards. $AX is used to provide Marz's fans with exclusive access to his VR world, invitations to live streams, and early access to new releases. It also grants voting and governance rights within Marz's community and can be exchanged for $ARTIST, which in turn can be exchanged for $AX. On the other hand, $LK1 is used for governance and voting within the Lil Kion community and offers similar benefits as $AX. However, it can only be swapped for $ARTIST.

To swap for any favorite artist coin, you must first obtain $ARTIST, which acts as the token that pays for the gas fee of the platform. Once you have $ARTIST, you can easily exchange it for any artist token you desire.

The total supply of $ARTIST is 700 million, while $AX and $LK1 have a total supply of 7 million each. These figures were carefully selected to ensure sufficient liquidity and governance power while maintaining a reasonable supply.

III. Liquidity Strategy

At the Artist Xchange, we recognized the importance of providing ample liquidity for our tokens. After careful consideration, we decided to utilize Uniswap due to its user-friendly interface and popularity among the crypto community. We worked with our community to determine an appropriate percentage of each token to be placed on the market and we have honored that agreement. Currently, 14% of ARTIST and 27% of $AX and $LK1 are available for trading on the market.

To ensure smooth trading and liquidity provision between the tokens, ARTIST is paired with MATIC on Uniswap while $AX and $LK1 are paired with ARTIST.

IV. Research and Development

The Artist Xchange has invested significant time and effort into researching and developing our liquidity strategy to provide the best possible experience for our users. Our team conducted multiple buy and sell transactions to assess and fine-tune the market.

The following is a breakdown of our liquidity transactions:

• Initial purchase of 35,000 ARTIST from Uniswap for 350 MATIC

• Sold 35,000 ARTIST to evaluate the market impact, and due to the way we set up our liquidity, a sell of this magnitude had minimal effect on the market.

• Purchase of $AX with ARTIST: 34,400 $AX purchased with 35,000 ARTIST

• Sold $AX for ARTIST: 30,000 $AX sold for 29,000 ARTIST

• Purchase of $LK1 with ARTIST: 10,000 $LK1 purchased with 10,000 ARTIST

We believe that our liquidity strategy provides the best possible outcome for our community by balancing liquidity and market stability. The chart below shows a few of the transactions that we tested to ensure optimal liquidity. Please note that Maker 0x20...7c35 represents the Artist Xchange.

This chart below shows a few of the transactions from testing *Maker 0x20...7c35 is The Artist Xchange

Date	Type	Price USD	Price ETH	Amount Artist	Total ETH	Maker	Others
2023-04-09 18:50:18	sell	$0.01074	0.055734	10.451	0.045934	0x20...7c35	scanner logo23
2023-04-09 18:46:36	sell	$0.01075	0.055736	104.318	0.035934	0x20...7c35	scanner logo23
2023-04-09 16:50:59	buy	$0.01066	0.055749	51.0779	0.032963	0x20...7c35	scanner logo23
2023-04-06 16:21:33	sell	$0.01079	0.055780	104.142	0.035969	0x20...7c35	scanner logo23
2023-04-06 16:20:15	sell	$0.01083	0.055800	103.795	0.035969	0x20...7c35	scanner logo23
2023-04-06 16:18:25	sell	$0.01086	0.055819	103.45	0.035969	0x20...7c35	scanner logo23
2023-04-06 16:17:33	sell	$0.01090	0.055838	103.107	0.035969	0x20...7c35	scanner logo23
2023-04-06 16:15:05	sell	$0.01100	0.055893	102.765	0.036005	0x20...7c35	scanner logo23
2023-04-05 17:05:17	sell	$0.01130	0.055897	2,000.00	0.0120	0xeb...29b1	scanner logo2
2023-04-05 16:57:06	buy	$0.01192	0.056259	94.3099	0.035952	0x20...7c35	scanner logo23
2023-04-03 22:21:35	buy	$0.01155	0.056368	284.738	0.0018	0x20...7c35	scanner logo23
2023-04-01 19:12:17	buy	$0.01155	0.056352	191.444	0.0012	0x20...7c35	scanner logo23
2023-04-01 19:10:57	buy	$0.01146	0.056305	192.

We hope that this information will help our community stay informed and confident in their trading decisions.

V. Conclusion

In conclusion, this breakdown analysis has provided transparency into The Artist Xchange's token creation and liquidity process. The platform has created three tokens, each with a specific utility, and provided liquidity for these tokens on Uniswap. The community agreement to only put a certain percentage of each token on the market was honored, and extensive research and development was conducted to provide the best liquidity for users. It is essential to provide transparency with the community to build trust and ensure a successful platform.