KONJUNGATE WHITE PAPER
“The whole thing had taken barely thirty seconds.”
1st sentence of the Cyber Roman MACHFELD by Michael Mastrototaro 1999
KONJUNGATE is inspired by the cyber novel MACHFELD written 1999 by Michael Mastrototaro. Strangely, the main character of the book is called Nakamoto and thus resembles the pseudonym of the BITCOIN inventor Satoshi Nakamoto. What a coincidence, right? Anyway.
In his cyber novel, he describes 9 years before Bitcoin appears on the cryptocurrency horizon the mining of KONJUNGATE.
Now 20 years after publishing the novel online, KONJUNGATE appears as a Media Art project to decentralize the funding of international contemporary Artists and Institutions and to give a strong artistic statement in times of budget cuts. How dose it work?
During the creation of the KONJUNGATE Blockchain, 1,25% of the total digital assets was premined. This amount of Tokens will be used as an initial fund for distributing the Token to a wide range of international Art-Institutions, to support contemporary Artists and as registered capital for the charitable MACHFELD-Foundation (in establishing) which will ensure further distribution of tokens in the future and its task is to ensure value security by means of art purchases.
The GENESIS BLOCK is usually the very first block of a blockchain. However, the MACHFELD GENESIS BLOCK consists of a material and an immaterial part that can only be seen as one unit.
The material part:
In the starting phase, 4 objects are designed. These are in the form of 4 parts of a block and are modular expandable in a row. The material part is a reference to the immaterial that settles in the institution or its system.
The immaterial part:
The immaterial part is a MASTERNODE of the KONJUNGATE network. It is a computer program that is implemented in a system to generate the crypto currency KONJUNGATE through the MASTERNODE in an energy-saving way.
Thus, the artwork itself is an art funding program that is understood as an alternative or in addition to common funding practices. The installation enshrined as GENESIS BLOCK thus does exactly what institutions themselves (should) do, namely to fund contemporary art. In this sense, the installation shows “we are on the side of art producers”. In addition, the institutions also show that they participate in an international network that enables alternative art production.
This is clearly symbolized by the material block the institutions should exhibit in a prominent place. Through a QR code attached to the object Visitors will be able to install a “Wallet” on their smartphone and immediately become part of the decentralized funding system.
Through our project, institutions are part of a networked value chain process using Blockchain technology. This process is also accessible to individuals, artists and promoters – for anyone who is interested. The plan is to create a nonprofit foundation that will be able to directly promote out-of-the-box artists to a greater extent, and to ensure price stability for KONJUNGATE by building a collection of contemporary art.
The goal is to create alternative funding opportunities through an artistic process.
Thus the novel MACHFELD is materialized again 20 years after its existence, in another language – the language of the cryptography.
USP (Unique selling proposition)
KONJUNGATE adds a social aspect to the crypto landscape. Created from the means of art, it becomes a decentralized subsidy and again gives art institutions a timely instrument to promote contemporary artists. Calls directly promote artists.
KONJUNGATE Coin Specifications
TYPE: Prof of Work and Masternodes
ALGO: Neoscrypt – Dark Gravity Wave
FEATURES: Building up an decentralised art funding system, establishing of the charity foundation.
Coin Supply: 21 Bil.
Block Reward: 1000 KONJ, Decreasing by 11% every 2 years
Reward Distribution: 65% Masternodes, 10% PoW, 25% Foundation
Block Time average: 3 Minutes
Masternode Collateral: 600.000 KONJ
Premined coins usage:
80% of the premined coins will be used as a gift for artists and art institutions (in form of media art installations, calls, scholarships and for the initial funding of the MACHFELD-Foundation.
20& for Marketing, Development, Bounty
ROAD MAP 0.1
—> Concept and Development ✔
—> Official Release of KONJUNGATE Core ✔
—> Implementation of MASTERNODES ✔
—> Community Building ✔
—> 1st Exchange listing ✔
—> Setup of the 1st institutional Masternode. mur.at ✔
—> Staring of the develomement of our first “product” ✔
—> Collaboration with Shared Masternodes Companies to support people to implement Masternodes in an easy way. ✔ (already done!)
—> Hard Fork ! (Will be announced!)
—> 1st Call for Artist
—> Building up international collaborations with art institutions and artist
—> Mac OS Wallet
—> 1st Media Art Installation
Q1 – Q4 2020
—> Several Installations should be realized
—> Strategical Partnerships
—> 1st main Sponsor for the MACHFELD – Foundation
—> lst donation for the art collection of the Foundation
—> More collaborations with art institutions and artist
—> KONJ adoption in MUSEUM-Shops
—> 1st collaboration with Crypto Creditcard Company
… to be continued …
KONJUNGATE is not intended to constitute securities in any jurisdiction, and you may not acquire any if that conflicts with any laws in the jurisdiction or you are subject. This document is not meant as investment advice, and does not imply any elements of a contractual relationship. If you are in doubt please ask a professional legal advice.
© 2019| KONJUNGATE All rights reserved. – Created by: Michael Mastrototaro