Crypto art is digital art that can have verified ownership. Crypto art is verified with the help of NFT or non-fungible tokens, just as an artist would be the authentic owner of artwork if he signed it. An NFT is a special token that contains a unique id that links to a specific crypto art. These tokens claim ownership of the original file and are sorted on the blockchain.
Botto is artificial intelligence and decentralized autonomous artist that creates artwork based on the community that governs the platform. Every week they release one specific art fragment for auction.
How to start on Botto.com?
If you want to participate in the botto.com platform, you need to have some knowledge about the ethereumblockchain. Although it sounds difficult, as much as possible it is published here in Easy Way. In short, you need to keep the following steps in mind.
- First, you need to go to the botto.com website and set up an ethereum wallet.
- With the help of some ether, you have to raise funds in that wallet.
- The next step is to collect some botto tokens.
- These botto tokens will be deposited in the botto app.
- Now, you can vote on the artwork of your choice.
- It will take you roughly half an hour to execute these easy 5 steps and you can complete these steps most healthily if you do it from a laptop or desktop. You can deposit minimal fees in the form of Ether.
Smart contract list
There are 4 smart contracts through which you can operate Botto.
ERC20 token contract: When Botto operates with this token contract, some standardized functionalities take place, such as transferring tokens, fetching account balances, asking for approval, and other functionality on Ethereum.
Airdrop contract: Airdrop contract helps the initial distribution of Botto tokens, and you can see the contracts are deployed with addresses and amounts with a Merkle tree form.
Governance contract: This one is responsible for staking and unstacking functions. If you want to contribute to Botto, you need to use this contract to stake Botto.com.
Liquidity mining contract: The liquidity mining contract captures the stake and unstake of LP tokens as well as payouts.
What is the staking process?
Here, we will discuss why staking is essential and how botto tokens are staking.
The word staking is used in the case of deposits if it can be analyzed in a very simple way. How to deposit your newly acquired Botto in the Botto app is the main topic here. Instead, you can generate voting points that you can use to vote for the artwork of your choice. Gradually you will understand the influence of Botto’s artistic direction.
Staking is straightforward to execute by following a few steps.
- First, you need to go to the botto.com website and click the Connect Wallet button.
- Then, you will select Metamask as an option.
- Now, your wallet is connected to the Botto application.
- Then if you want to deposit in botto.com, you have to press the stake botto button in green color. Then you have to enter the amount of how much you want to deposit. If you are not sure then you have to press the max button so that you can deposit the maximum amount. Now you have to click on the approve option to disapprove the transaction. It means that you have permitted the botto to manage your deposit. In the end, you need to press the confirm button.
- Once the confirm button is pressed, another screen will open in front of you, and you have to tap on the ‘confirm stake’ button, and a meta mask notification will come up. Now you can participate in voting.
Details of Ethereum wallet
On the ethereumblockchain, many mechanisms of botto are created. It means that if you want to participate in the care platform, you need to interact with the Ethereum blockchain. For which, first you need to create an ethereum wallet. Here is how to generate this wallet.
- First, you need to download a browser extension called Metamask.
- In the second step, a screen will open in front of you, and you have to set up the wallet by clicking on the “create a wallet” option.
- Without proper backup, you will not be able to restore the wallet and lose all funds.
- The next step is to download the Secret Backup phrases and store them on an external encrypted hard drive. Then click “Click here to Reveal Secret Words”. If you use the Good Password Manager, you can store the boards there.
- After that, you have to tap on the Next button, and when the backup file is open, you have to choose 12 words in the correct form. After clicking the confirm option, your wallet will be ready.
- At last, if you want to receive botto token or ethereum assets you need to provide an ethereum address. A long ethereum address needs to be copied and pasted.
Voting on the botto.com platform is a crucial part. Everyone voted for their favourite artwork to help train Botto’s algorithm. Over time, Botto changed its art direction. By voting, you can influence the creation of botto. You can start voting by clicking on the ‘Start Voting’ option in the botto application.
Then you have to go to the next steps by using the arrow keys of the keyboards. If you are also mobile, then you can vote by tapping the art piece of your choice. You can select the artwork of your choice by clicking on the arrow key on the laptop keyboard, and you have to finish the procedure by clicking on the submit vote option.