ARTedyS

About the Company

ARTedyS 'Grand Public' model is a startup that is: advancing climate solutions in the blockchain frontier – to transform satellite data into actionable carbon assets.

ARTEDYS propose: the 'Grand Public' blockchain model to leveraging satellite data.

eSpatiale target to become a Asset-Referenced Tokens (ARTs) are a type of cryptoasset that are not considered electronic money tokens and aim to maintain a stable value by referencing any other value, right, or a combination thereof, including one or more official currencies.

The issuer of an ART needs to be established in the European Union, and its whitepaper requires approval by a national competent authority before being offered to the public. However, this requirement does not apply when an ART will be offered solely to 'qualified investors' or when the offer to the public is below a set threshold.

Notable characteristics of ARTs include:

- ARTs may lose their value in part or in full;
- ARTS may not always be transferable;
- ARTs may not be liquid;
- The holders of ARTs have a redemption right at any moment;
- Redemption proceeds may be satisfied by funds other than e-money or in kind (i.e., the asset referenced by the token);
- Redemptions cannot be subject to any fees;
- Yield/interest is prohibited to reduce the risk that ARTs are used as a store of value; and
- ARTs require the establishment and maintenance of an 'asset reserve' – which is segregated from the issuer’s estate and from the reserve of assets of other tokens【7†source】.