A report on the work undertaken

29.06.2018

TILCOIN is a unique international project uniting the innovation of blockchain-platforms and the investment potential of the modern art market.

The team of TILCOIN is a pioneer in the segment of Art Sharing. We unite museums, galleries, auctions, artists, art consultants, collectors, people who are not indifferent to art, and modern technologies, making art accessible.

In the I-II quarters of 2018:

  • Using the blockchain technology, the first seriography of the painting was sold, divided into virtual parts;

  • An ART platform was created on the base of the Ethereum blockchain;

  • There were more than 18,000 participants registered;

  • The first crowdfunding was organized;

  • The emission of TLC coin’s token was performed;

  • 50 000 000 coins were issued; the TLC coin is in the process of integration with the partner's crypto wallet.


General information about the company TILCOIN AG

The main activities of the company are crypto projects, blockchain and art.

The headquarter of TILCOIN AG is located in the capital of the principality of Liechtenstein - Vaduz, the Russian representation is based in Moscow.  In the nearest future we are planning to open additional offices in Europe and Asia, as well as galleries of art and antiques in Moscow, Vaduz and other cities.

TILCOIN was the first in the world to sell a seriography of a painting using blockchain technology

March 23, 2018, the seriography of Petr Lizunov’s painting " The aircraft" was virtually divided into numbered 86,400 squared pieces with a side of 50 mm, each of which was put up for sale. One virtual square piece cost one token. The purchase of each token was fixed by a smart contract, all the information was recorded on the Ethereum blockchain system.

April 7, 2018, all the virtual parts of the seriography of Lizunov’s painting were sold using blockchain technology.

The collection of artworks of TILCOIN is filled up constantly. At the moment there are the next canvases in the collection "Full Moon" by Vladimir Ovchinnikov, "Bull" by Sergei Sergeyev, "The Ark" by Peter Lizunov and others.

The project is focused on the works of popular artists of the XX century, whose works are sold at world-famous auctions and are in collections of the leading museums and galleries of the world, in particular:

  • The State Hermitage Museum, St. Petersburg;

  • The State Russian Museum, St. Petersburg;

  • The Museum of Contemporary Art Erarta, St. Petersburg;

  • The Museum of contemporary art ART4.RU, Moscow;

  • The Metropolitan Museum of Art, New York;

  • Private collections in Russia, the United States and Europe.

An ART platform based on the Ethereum blockchain was created    

The information about the paintings of the TILCOIN collection, as well as the information about their seriographies, are stored in the distributed decentralized blockchain- network Ethereum.  A smart contract based on this platform confirms the acquisition of each piece by a specific participant of the TILCOIN project.    

The emission of TLC coin’s token was performed 

The TLC coin is unique.  For today it is the only crypto currency that is provided with art objects, antiques and other assets owned by the company. The emission of TLC tokens was performed on the Ethereum platform (ERC-20 standard).  In the test environment, 50,000,000 TLC coins were issued.  The stage of integration and debugging is planned to be completed in the autumn of 2018 .   


Next steps: 

  • Summer-autumn of 2018 - access to the ICO. Partner for the ICO - Bank in Liechtenstein;

  • November-December 2018 - access to the exchange with a coin provided with art objects;

  • 2019 - the opening of the gallery-museum in Moscow.

Read more:

www.mytilcoin.com


Glossary:

Exchange of cryptocurrency is a trading platform where the traders and individuals sell and buy cryptocurrencies. Trade is carried out between cryptocurrencies and standard fiat money (ruble, dollar, euro, etc.).

Blockchain - a continuous sequential chain of blocks (linked list), built up by certain rules, containing information. Very often, copies of the chains of blocks are stored separately on a variety of different computers, that ensures the reliability of the system.

A token is an internal unit, which is a software product (digital resource) created as evidence of the membership of their owners in the program, confirmation of ownership and other significant things. It can exist autonomous, having its own blockchain, and it can be based on some basic asset.

A smart contract is a program code that is attached to the cryptocurrency token and controls it.

Ethereum is a platform for creating decentralized online services based on the blockchain, working on the basis of smart contracts.