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Artery Network is a blockchain project that was launched on October 18, 2020, with the goal of improving data safety on the Internet. The project released a mobile application called Artery Storage and Artery VPN, which are supported by members of the Artery Network. These members allocate resources such as disk space and internet connection through the Artery Node product and receive rewards in ARTR project coins based on the resources they provide. Additionally, there is a computer application for block validation, and starting from early 2021, the team began implementing Artery Storage and Artery VPN products for personal computers. These products aim to increase decentralized storage and VPN bandwidth. The computer application products have successfully passed testing and are ready for release as of June 2021. The ultimate goal of the project is to provide these products to private users and adapt them for the B2B sector, allowing network members to receive constant rewards by utilizing the network's resources.
The total supply of ARTR coins is 4,000,000,000, with an approximate issuance period of 10 years. Coins are mined through delegation, which helps ensure liquidity and support network participants in becoming validators. As of June 2021, 93% of ARTR coins are in delegation, indicating that most coins are frozen and not traded on exchanges, thus strengthening the coin's rate. Users receive rewards based on the number of frozen coins, and new coins enter the market through this process. Delegation fees can be found in the project's WhitePaper. To prevent inflation, the project has implemented periods of decreasing remuneration for delegators, with the first decrease occurring on April 18, 2021. The ARTR rate has increased 14 times from $0.11 to $1.4 during the first 7 months of the project (as of June 5, 2021).
The key objective of the project is to become a leading provider of decentralized solutions for both individual users and the B2B market.
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