Immortalizing Urban Art on Blockchain
Immortalizing Urban Art
on Blockchain
UF Token
Urban Files are here to immortalize graffiti and street art on blockchain.
The project is founded in 2021 by Zhavner Family Foundation, First Graffiti Agency (FGA) and you. This is correct. We would be nowhere without an amazing community of artists and collectors supporting Urban Files. It is great to know that you are a part of the team.
To emphasize your role in the project we created UF Tokens. These were minted in the edition of one million and will be gradually distributed among the members of the Urban Files community during the next years until the entire edition leaves our wallet. Holding UF Tokens will provide you with additional benefits in both physical and digital worlds.
Below you will find the basic information on the process of UF Tokens distribution and the bonuses UF Tokens provide to their holders.
Distribution
UF Tokens are distributed among collectors acquiring the Walls during the initial sales (i.e. from Urban Files collection on Rarible or OpenSea and not from secondary market). The quantity of UF Tokens to be distributed is based on a set and tier of the Walls you are purchasing (i.e. you get more UF Tokens purchasing a Legendary Wall than purchasing a Common Wall). We also added more value to the Walls from our inaugural Early Mints set (and especially to those included in the very first drop) to reward the early adopters who joined us before everyone else.
UF Tokens are always transferred to you free of charge (gas is on us) and we never put these on the marketplace. Still you are free to dispose your UF Tokens any way you like: transfer between wallets, sell on a secondary market, gift to friends or fellow collectors, or even burn (not something we advise you to do though).
This is the very first look on how UF Tokens are distributed:
| Set (Drop) | Walls # | UF Tokens per Wall | Limit per wallet |
|---|---|---|---|
| Early Mints (Inaugural Drop, Common) | #00001, #00002, #00003 | 100 | 5,000 |
| Early Mints (Drop #2, Common) | #00004, #00006 | 50 | 2,500 |
| Early Mints (Drop #2, Rare) | #00005 | 250 | 2,500 |
| Early Mints (Drop #3, Common) | #00007, #00008, #00009 | 50 | 2,500 |
| Early Mints (EM Final Drop, Legendary) | #00010 | 1,250 | 2,500 |
| Base Set (All drops, Common) | - | 1-5 | - |
| Base Set (All drops, Rare) | - | 5-25 | - |
| Base Set (All drops, Legendary) | - | 25-125 | - |
| Other sets | - | TBD | - |
NB: We reserve up to 10,000 UF Tokens per year to distribute among the members of Urban Files community during marketing and other events.
Benefits
Early Access to New Features
The most active members of our community will be the first to witness where Urban Files is heading to and what to expect from the project moving forward.
Walls Selection
UF Token holders will have a chance to vote for the artworks to be included in our future drops. You will help us select Walls and be the first to know how the upcoming drops will look like.
Leaderboard
Being on top of the collectors’ leaderboard makes oneself proud and satisfied. We will maintain the leaderboard on our website and social networks to make sure that our community recognizes its headliners.
Invitations to Secret Drops
Not all of UF Walls will be available at an open sale. Some of these will be distributed during the secret drops. The more UF Tokens you hold the more chances you have to be eligible for such drops.
UF Store
In the upcoming months we will launch UF Store. There you will be able to exchange your UF Tokens to various goods both physical and digital.
Sale of UF Tokens
Even though we never sell UF Tokens ourselves you could put these on sale on OpenSea or Rarible (both separately or in bundles with Walls).
Invitations to Private Events
Urban Files collaborates with hundreds of urban contemporary artists all over the world. Our artists and their galleries usually host private events for small groups of the most active collectors. As a UF Token holder you might be sure you are invited.
Gifts
Expect the unexpected. We will surprise the most active members of our community with various gifts including unique digital and physical artworks from the artists we collaborate with, NFTs from various projects not limited to Urban Files (e.g. NBA Top Shot), stickers, merch and much more.
Early Access to New Features
The most active members of our community will be the first to witness where Urban Files is heading to and what to expect from the project moving forward.
Invitations to Secret Drops
Not all of UF Walls will be available at an open sale. Some of these will be distributed during the secret drops. The more UF Tokens you hold the more chances you have to be eligible for such drops.
Invitations to Private Events
Urban Files collaborates with hundreds of urban contemporary artists all over the world. Our artists and their galleries usually host private events for small groups of the most active collectors. As a UF Token holder you might be sure you are invited.
Walls Selection
UF Token holders will have a chance to vote for the artworks to be included in our future drops. You will help us select Walls and be the first to know how the upcoming drops will look like.
UF Store
In the upcoming months we will launch UF Store. There you will be able to exchange your UF Tokens to various goods both physical and digital.
Gifts
Expect the unexpected. We will surprise the most active members of our community with various gifts including unique digital and physical artworks from the artists we collaborate with, NFTs from various projects not limited to Urban Files (e.g. NBA Top Shot), stickers, merch and much more.
Leaderboard
Being on top of the collectors’ leaderboard makes oneself proud and satisfied. We will maintain the leaderboard on our website and social networks to make sure that our community recognizes its headliners.
Sale of UF Tokens
Even though we never sell UF Tokens ourselves you could put these on sale on OpenSea or Rarible (both separately or in bundles with Walls).
Dividends
One of the obvious benefits of being a founder is the possibility to gain profit from your participation in the project. Being the third founder of Urban Files you and the other UF Tokens holders are eligible for a share in each and every Wall sales (including those sold for the fixed price and at the auctions; at the open sales and during secret drops; and even at the secondary market based on 10% royalties Urban Files receive from such secondary market sales).
This bonus is transferred to the UF Tokens holders in ETH two times a year, in January and July. Each transfer covers the period of the previous six calendar months (and almost seven months in case of the very first distribution in January 2022). Before we add a calculator here you could check the amount to be transferred using this formula:
(UF Tokens in Your Possession / UF Tokens Distributed*) x
Total Amount Received by Urban Files from Walls’ Sales in the Last Six Months** x 15%***
* for the benefit of UF Tokens holders we do not count the entire one million tokens but only those distributed, meaning UF Tokens remaining in Urban Files wallet do not count
** this includes 100% from initial sales and 10% royalties from secondary market sales (both reduced by OpenSea/Rarible fees of approx. 2.5%)
*** 15% comes from the following distribution model adopted in Urban Files: 10% UF Fund, 45% Artists, 45% Founders including 15% Zhavner, 15% FGA and 15% UF Token Holders. (NB: Zhavner and FGA are taking care of all the expenses including covering the domain, server, gas and minting costs, motivating the project team, project development, marketing etc.)
NB: Each distribution is calculated based on snapshot as of 11:59 PM PDT December, 31st / June, 30th. The minimum balance required to receive a transfer is 0.1 ETH per wallet
To give you an example of how the distribution is calculated imagine you buy 10 Walls from the inaugural drop from the initial sale. You spent 0.02 ETH and receive 100 UF Tokens for each Wall you purchased, i.e. you spent 0.2 ETH and received 1,000 UF Tokens total. You are not the only one buying and there are 50,000 UF Tokens distributed (meaning 0.95 million UF Tokens are still with Urban Files). The total amount received by Urban Files from initial and secondary market sales during the six months prior to the distribution is 50 ETH. So you get (1,000 / 50,000) * 50 ETH * 15% = 0.15 ETH. You also keep all the UF Tokens you have received remaining eligible for the distributions after the next six months and onwards.
We are still in early beta and will provide more details on the above in the next months. Yet we hope you are already as excited as we are.
If you have any immediate questions please address these to inbox@urbanfiles.art. Otherwise let’s go collecting_
2021 © Urban Files | NFT Collectibles
2021 © Urban Files | NFT Collectibles