RARI (RARI) Graphics
Rarible (RARI) is a groundbreaking token in the world of non-fungible tokens (NFTs) and decentralized finance. Launched in 2020, the RARI token serves as the governance token for the Rarible Protocol ecosystem, enabling community-driven decision-making while supporting the development of decentralized NFT applications. Here’s a detailed overview of the RARI coin, its foundation, use cases, and market performance.
What is RARI?
$RARI is an ERC-20 token issued in 2020 with a maximum supply of 25 million tokens. It plays a central role in governing the RARI Foundation treasury and managing the Rarible Protocol and RARI Chain. These components aim to create a scalable, decentralized infrastructure for the NFT ecosystem.
What is the RARI Foundation?
The RARI Foundation oversees the activities of the RARI DAO (Decentralized Autonomous Organization), which governs the ecosystem. The foundation’s mission is to drive the growth of NFTs while fostering a fully decentralized environment.
Key elements governed by the RARI Foundation include:
- Rarible Protocol
A free and open-source infrastructure for building NFT applications, such as marketplaces, wallets, and analytics tools. - RARI Chain
A low-cost, secure Ethereum Layer-3 chain designed to guarantee royalty payments through enforcement at the node level.
Together, these components establish a robust framework for scaling NFT use cases and ensuring fair creator compensation.
Use Cases of the RARI Token
The $RARI token is primarily used for governance within the RARI DAO. Token holders can propose and vote on changes to the protocol, ensuring a community-driven ecosystem. Key uses include:
- Governance: Locked RARI tokens allow participation in the decision-making process.
- Rewards: RARI tokens incentivize users of apps built on the Rarible Protocol.
- Ecosystem Development: Funding for community-driven projects and initiatives.
Token Distribution
Upon issuance in 2020, RARI tokens were distributed as follows:
- 10%: Airdropped to NFT holders in the cryptocurrency community.
- 60%: Reserved for rewarding users of apps built on the Rarible Protocol.
- 30%: Allocated to investors and the Rarible team.
This distribution model ensures both community involvement and developer commitment.
Where to Buy RARI?
RARI tokens are available on various centralized and decentralized exchanges. The most popular trading platforms include:
- MEXC: The RARI/USDT pair accounts for a significant share of trading volume, recently hitting $103,125 in 24 hours.
- Coinbase Exchange: A trusted platform for retail and institutional investors.
- Uniswap V2 (Ethereum): A decentralized exchange offering seamless token swaps.
To store your RARI tokens securely, use an Ethereum-compatible wallet like MetaMask.
RARI Market Performance
- Daily Trading Volume: $922,830, marking a -1.70% decrease compared to the previous day.
- All-Time High (ATH): $46.70, achieved on March 29, 2021. The current price is approximately 96.46% lower than the ATH.
- All-Time Low (ATL): $0.2649, recorded on July 22, 2020. The current price is 523.54% higher than the ATL.
Market Metrics
- Market Capitalization: $19,103,028, ranking RARI at #1239 on CoinGecko.
- Fully Diluted Valuation (FDV): $41,245,451, assuming the full 25 million token supply is in circulation.
- Circulating Supply: 12 million tokens currently tradable on the market.
Why Invest in RARI?
Rarible (RARI) represents a growing movement toward decentralization and creator empowerment. With its governance-driven model, robust NFT infrastructure, and strong community focus, RARI is positioned to lead the next wave of blockchain innovation. Its integration of royalty enforcement through the RARI Chain further sets it apart from other NFT platforms, making it an attractive option for creators and investors alike.
Whether you’re looking to explore NFTs, participate in decentralized governance, or diversify your crypto portfolio, RARI offers a unique value proposition in the ever-evolving blockchain space.
About RARI (RARI)
| Information Type | Details |
|---|---|
| Contract Address | 0xfca59cd816ab1ead66534d82bc21e7515ce441cf (Etherum) |
| Network | Ethereum |
| Website | rari.foundation |
| Explorers | Mintscan, CoinGecko |
| Community | Twitter, Telegram, Discord |
| Search On | CoinMarketCap, CoinGecko |
| API ID | rarible |
| Chains | |
| Categories | NFT |
RARI (RARI) USDC (1 RARI) To USD//Coin) Exchange Calculator
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