Buyout Offers

Make or Challenge Offers for Tokenized Masterpieces

Buyout allows anyone to purchase 100% of a fractionalized artwork. Holders can either accept the offer or buy tokens to keep the artwork fractional.

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What is an Asset Buyout?

A Buyout consists of four on-chain stages. Each stage has fixed time limits and outcomes.

An Asset Buyout lets any user make an offer to purchase 100% ownership of a tokenized asset. If successful, the buyer gains full ownership of the physical or digital asset, while all token holders redeem their holdings for stablecoins.

1

Buyout Initiated

The Buyout Initiator submits a Buyout Request, specifying theBuyout Price for the entire asset.

To start the process, the initiator locks the following in the Buyout Contract:

  • Stablecoin Downpayment: at least 5% of the Buyout Price

  • Asset Tokens: at least 1 token

  • $ART Tokens: optional, up to 10% of the Buyout Price

These assets remain locked until the Buyout succeeds or fails.

2

Buyout Challenge Period

After the Buyout is initiated, other Asset Token Holders have 7 days to challenge the Buyout by purchasing the locked Asset Tokens days to challenge the Buyout by purchasing the locked Asset Tokens at the implied price.

  • If all locked tokens are purchased, the Buyout fails.

  • If the locked tokens remain unsold after 7 days, the Buyout is approved and moves to the next stage.

If the Buyout fails, the Buyout Initiator’s assets are returned (minus Buyout Fee, see terms).

3

Buyout Payment & Transfer

If the Buyout succeeds, the Buyout Initiator has 7 days to pay the remaining amount of the Buyout Price plus a 5% success fee into the contract.

  • If payment is completed within 7 days → the Buyout is completed. Ownership of the asset transfers to the Buyout Initiator, and Asset Token Holders can redeem their tokens for stablecoins.

  • If payment is not completed → the Buyout fails, and the Buyout Initiator forfeits the downpayment and any locked $ART tokens (which move to the protocol and $ART treasuries).

4

Redemption & Closure

After a successful Buyout, Asset Token Holders have 30 days  to redeem their tokens for stablecoins held in the Buyout Contract.
Tokens not redeemed within 30 days are automatically transferred to the Protocol Treasury.