> For the complete documentation index, see [llms.txt](https://docs.ultiland.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ultiland.io/launchpad/faq.md).

# FAQ

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<summary>What is ARToken？</summary>

ARToken represents fractional ownership and future revenue rights of real-world assets — such as art, performances, or collectibles — secured through legal custody and on-chain verification.

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<summary>How is the asset's valuation determined？</summary>

Valuation is generated by an AI evaluation system that analyzes provenance, auction data, and market comparables, reviewed by certified experts before being recorded on-chain.

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<summary>What happens when fundraising reaches 100%？</summary>

Once the target is reached or the issuer closes the offering, the Muse Point is triggered — the asset enters custody, and token holders officially gain income-sharing rights.

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<summary>What is the 5% LP incentive？</summary>

The asset has been appraised and securely verified under the issuer's custody, ensuring maximum security for your investment.

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<summary>How do investors earn returns？</summary>

All future income from the underlying asset is automatically injected into the AMM pool to buy back tokens, increasing both price and liquidity — benefiting all holders.

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<summary>Can issuers end fundraising early？</summary>

Yes. Issuers can manually close the offering once the goal is met or conditions are satisfied. This action immediately ends fundraising and triggers the Muse Point.

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<summary>How does Ultiland protect investors？</summary>

All documents are publicly viewable under Docs, ensuring that every asset's provenance, custody, and insurance are transparent and auditable.

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<summary>How long is the ARToken subscription period?</summary>

The maximum subscription period for ARToken is 90 days, with the following key milestones:

* During the subscription period, if the total amount raised reaches 100% of the fundraising target, or the issuer manually triggers the "Muse Point", the project is deemed successfully subscribed and proceeds to the next phase. The offline transfer process of the underlying asset is simultaneously initiated.
* If the 90-day subscription period concludes without reaching the fundraising target, and the issuer has not manually triggered Muse Point, the project is deemed a subscription failure. The platform will delist the corresponding ARToken, refund all principal and transaction fees to subscribers, and no referral commissions will be distributed.

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