Collective Artistic Investing Token, otherwise known as CAIT, is a native WAX blockchain token with the express goal of “ending the motif of the starving artist”. CAIT is designed from the ground-up as a profit-sharing collective action token that has three core themes tied to it: 1) NFT collecting and group ownership of the profits generated by the CAIT ‘art gallery’, 2) stable and non-volatile value propositions, and 3) a circular profit structure that enables the system to recycle profits and in turn tokens, to as many holders as possible. CAIT is backed by an equivalent value in WAX held in reserve at a rate of 1 WAX per 25 CAIT minted.
CAIT DeFi Organization is registered as a Not-For-Profit Corporation with Corporations Canada.