KONJUNGATE WHITE PAPER
Release 31.05.2019 / Updated on 08.11.2019
“The whole thing had taken barely thirty seconds.”
1st sentence of the cyber novel 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, Mastrototaro describes the mining of KONJUNGATE – 9 years before Bitcoin appears on the cryptocurrency horizon .
Now 20 years after publishing the novel online, KONJUNGATE appears as a Media Art project aiming to decentralize the funding of international contemporary Artists and art organisations and to make a strong artistic statement in times of budget cuts. How does it work?
During the creation of the KONJUNGATE blockchain, 1,25% of the total digital assets were premined. This amount of tokens will be used as an initial fund for distributing tokens to a wide range of international art organisations, to support contemporary artists and as registered capital for the charitable MACHFELD-Foundation (currently in establishing stage) which will ensure further distribution of tokens in the future. Its task is to ensure value security by means of art purchase
We will expand the Konjungate project to include customized smart
contract solutions for the art market in our blockchain. Focusing to the
needs of auction houses, galleries, and copyright issues. A smart
contract is a computer protocol intended to digitally facilitate,
verify, or enforce the negotiation or performance of a contract. Smart
contracts allow the performance of credible transactions without third
parties. These transactions are trackable and irreversible.
Proponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or both. The aim of smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting.
The KONJUNGATE ART – Project
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 part 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 art organisations 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 art organisation also show that they participate in an international network that enables alternative art production.This is clearly symbolized by the material block the organisation 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, art organisations become 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 up a collection of contemporary art.
The goal is to create alternative funding opportunities through an artistic process.
Thus the novel MACHFELD is materializes again 20 years after its first appearance, 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 organisations a timely instrument to promote contemporary artists. Calls directly promote artists.
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. ✔
—> Swap to new chain ! ✔
—> Implementation of PoS/Pow/Masternodes ✔
—> Mac OS Wallet ✔
—> New Exchange listing (tradesatoshi) ✔
—> 1st presentation of KONJUNGATE at the Blockchain Labor hosted by mur.at, Graz/Austria ✔
—> 1st call for Art-organisations (call ends on 15.11.2019)
—> 2nd Presentation of KONJUNGATE at the Piksel Festival, Bergen – Norway https://19.piksel.no/2019/11/23/konjungate/
—> 3rd Presentation of KONJUNGATE at www.culturefundingwatch.com Carthage, Tunisia
—> Web wallet
—> 1st Call for Artist
—> Building up international collaborations with art organisations and artist
—> Starting with the development of smart contract solutions for the art market. (1st customized solution for the Art Market -Business Contract)
—> 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 organisations 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