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Wallet

The Art Banc holds a public Bitcoin Wallet that pays Performing Artists and Contributors a share of Bitcoin from donations. Their share is transferred to their personal wallet after each successive season.




Share Breakdown




60% 

︎︎︎︎︎︎


Performing Artist Shares

Each Performing Artist receives 1 share of 60% of the Wallet’s Seasonal Total



30% 

︎︎︎


Contributor Shares

Participants contributing to the ecosystem in the form of digital media receive 1 share of  30% of the Wallet’s Seasonal Total



10% 

︎


Production and Operational Costs

10% of the Wallet’s Seasonal Total funds Production and Operational Costs of the Art Banc




Breakdown Example




Season One (90 Days)

Wallet Season One Total = 1 BTC




︎ 60% Performing Artist Shares

10 Artists Perform on the Art Banc Live in Season One
60% ÷ 10 Shares = 6%
Each Performing Artist receives 6% of the Wallet’s Seasonal Total, amounting to .06 BTC each



︎ 30%  Contributor Shares


10 Participants contribute digital media in Season One
30% ÷ 10 Shares = 3%
Each Contributor receives 3% of the Wallet’s Seasonal Total, amounting to .03 BTC each



︎ 10% Production and Operational Costs


10% of the Wallet’s Seasonal Total funds Production and Operational Costs of the Art Banc

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