KONJUNGATE is a cryptocurrency designed to change the way of art funding.. It is based on the cyber novel MACHFELD written in 1999 by Michael Mastrototaro. Strangely, the main character of the book is called Nakamoto and thus resembles the pseudonym of the BITCOIN inventor Satoshi Nakamoto. 

During the creation of the KONJUNGATE blockchain, 1,25% of the total digital assets were premined. This amount of tokens will be used as an initial fund for distributing tokens to a wide range of international art organisations, to support contemporary artists and as registered capital for the charitable MACHFELD-Foundation (currently in establishing stage) which will ensure further distribution of tokens in the future. Its task is to ensure value security by means of art purchases.