VooGlue Bounty Campaign Kicks Off

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VooGlue is excited to announce the start of its Bounty Campaign. This is your chance to earn VooGlue Tokens (VGC) while helping to spread the word about a completely new art-ecosystem.

A total of 5% of all VGC tokens generated will be distributed in the bounty offering. This means that if all 55,000,000 tokens are sold, 2,750,000 of them will be distributed amongst bounty participants.

Bounty participants earn “stakes” for completing tasks that help VooGlue achieve its goal of distributing all VGC tokens amongst a wide variety of buyers around the world. These tasks include things like translating our whitepaper and publishing content about VooGlue. Translating the whitepaper, for example, earns you 1000 stakes.

At the end of the token generation event, all of the stakes earned will be added up. In order to determine the value of each stake, the total number of VGC tokens allotted for bounty reward (2,750,000 if all goes well) is divided by the total number of stakes earned. So for example, if the total number of stakes generated is 100,000 and number of VGC allotted for bounty is 2,750,000 (the maximum amount), then each stake will be worth 25VGC.

VooGlue is about to start its token sale with the price of VGC set at 500 per Ether. This means completing a task like translating the whitepaper could earn you a very lucrative bounty!

So get excited about VooGlue! Learn about our platform by reading our whitepaper and this blog. Ask questions directly to our team through our Telegram channelContribute to a project that is going to bring some much needed disruption to the art world!

The Meaning of “VooGlue”

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When people first hear “VooGlue,” they often wonder aloud what the name means. “Sounds like a cross between Voodoo and glue,” is a common reaction.

VooGlue founder and CEO Brian Carew-Hopkins did in fact come up with the name as a combination of those two words. But since Voodoo has, like many ancient words, taken on a skewed meaning in popular culture (namely that of magical dolls with pins stuck in them to inflict pain on one’s enemies and the resurrection of the dead as zombies), it’s worth explaining Voodoo’s true meaning and how that fits together with VooGlue’s vision.

Voodoo is in fact a West African animist tradition that goes back at least a thousand years, with the current pop-culture component of it deriving much later from interaction with Haitian immigrants to the US. Benin is regarded as the birthplace of the Voodoo tradition, with the name itself simply meaning ‘spirit’ in the local Fon language.

What sets the real Voodoo apart in the modern context, however, is the way it survived in the face of the enslavement and cultural annihilation perpetrated in West Africa between the 16th and 19th centuries. At the time, Voodoo became a cultural “folkway”: a common understanding among local inhabitants that could not be destroyed by the European slave traders. Traditions and beliefs were passed down, often secretly, through the generations, surviving the invaders best efforts to obscure or eliminate them.

It is this reference to a truth that cannot be destroyed that makes Voodoo the perfect word to encapsulate what VooGlue accomplishes. Just as Voodoo was a way for a cultural truth to survive despite the efforts to destroy it, VooGlue enables the truth of an artwork’s origin, ownership, and meaning to survive no matter who possesses it and where it is located. This is accomplished with the use of a distributed public blockchain.

The “glue” in VooGlue refers to the permanent “gluing” of a multimedia counterpart to a physical artwork, again accomplished with mechanisms enabled by a distributed public blockchain. This multimedia counterpart could be anything from a time-lapse video of the art being produced, to a clip of the artist explaining the artwork. By permanently attaching this counterpart to an artwork, the artist’s true vision has a greater chance of surviving throughout the lifetime of the physical art, and even beyond.

Inspired by a culture that could not be destroyed, VooGlue’s mission is to ensure that art’s providence and meaning survive, and that the art world thrives for a new generation.