# 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.

</details>

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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.

</details>

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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.

</details>

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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:

* At any point, if the total subscription reaches 100%, or the issuer manually triggers the Muse Point, the project advances to the next phase.
* By day 60, if the subscription has not reached 20%, the subscription fails and all principal will be refunded.

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