RARI

Overview of RARI

Rarible Token, also known as RARI, is a cryptocurrency that was founded in 2020 by Alexander Salnikov and Alexei Falin. As a decentralized exchange, it allows users to create, sell, and buy digital assets using blockchain technology. The RARI token serves a fundamental role within this platform, as it is the network's native currency. RARI is supported by several exchanges, including Binance, Uniswap, Huobi, and Bilaxy, and can be stored using wallets such as Metamask, WalletConnect, and Fortmatic.

Pros and Cons

What Makes RARI Unique？

The key innovation of the Rarible Token (RARI) lies in its focus on Non-Fungible Tokens (NFTs) and decentralized exchange. Unlike many other cryptocurrencies, RARI is captured within a platform that allows users not just to transact, but also to create, buy, and sell unique digital assets in the form of NFTs. The ability to represent distinct digital assets with NFTs can unlock new possibilities in digital ownership, which is a perk not widely cohered in the functionality of many cryptocurrencies.

What also sets RARI apart is its governance model. RARI token holders have governance rights, meaning that they have a say in the future development of the Rarible platform. This democratization of influence within its ecosystem promotes an increased level of user engagement compared to some other cryptocurrencies.

How Does RARI Work？

The Rarible ($RARI) token operates at the heart of the Rarible platform, a creator-centric NFT (Non-Fungible Token) marketplace and issuance platform. Users on Rarible can mint unique digital assets as NFTs, ranging from digital art to in-game items.

The $RARI token serves multiple purposes within this ecosystem. Firstly, it acts as a reward mechanism, incentivizing active user participation and engagement on the platform. Users can earn $RARI by creating, buying, or selling NFTs. Secondly, it plays a pivotal role in the decentralized governance of the platform. Token holders can use their $RARI to participate in decision-making processes, influencing the direction and policies of the Rarible protocol.

In essence, $RARI not only facilitates transactions but also empowers its community, ensuring that the platform remains community-driven and responsive to its users' needs.

Exchanges to Buy RARI

These are some of the exchanges that have supported the trading of RARI Token:

1. Binance: A leading global cryptocurrency exchange that often supports RARI BNB, RARI BTC, RARI BUSD, RARI USDT pairings.

2. Uniswap: This popular decentralized exchange primarily supports the RARI ETH pair given its Ethereum network basis.

3. Huobi Global: Known for being a secure digital currency exchange, Huobi Global typically supports trading pairs such as RARI BTC and RARI USDT.

4. Bilaxy: A multi-cryptocurrency exchange that often includes trades with pairs like RARI ETH or RARI USDT.

5. Bittrex Global: Generally supports trading pairs such as RARI BTC, RARI ETH, and RARI USD.

How to Store RARI？

Storing Rarible Tokens (RARI) involves transferring them to a compatible digital wallet. You should ensure you are using a wallet that supports Ethereum-based tokens (ERC-20) as RARI is built on the Ethereum blockchain. Here are some of the wallets that you can use to store RARI tokens:

1. Metamask: A popular Ethereum wallet that can be added as an extension in web browsers like Chrome and Firefox. It also has a mobile app version for iOS and Android. Metamask allows you to securely store and manage your Ethereum and all ERC-20 tokens including RARI.

2. WalletConnect: An open-source protocol for connecting decentralized applications (DApps) to mobile wallets using end-to-end encryption. It lets you use desktop DApps with your mobile wallet, which could include RARI holdings.

3. Fortmatic: Fortmatic is a wallet solution that aims to make it easy for users to interact with Ethereum DApps without needing to download extensions or applications. Fortmatic enables you to store your ERC-20 tokens, including RARI, with just a few clicks.

Should You Buy RARI？

As the primary token for the Rarible platform, RARI may be suitable for individuals who have a specific interest in the Non-Fungible Tokens (NFTs) market or decentralized exchanges more broadly. In addition, those interested in participating in platform governance activities, which involve voting on proposed changes to the Rarible platform, might also find owning RARI to be of value.

FAQs

Q: What is $RARI？

A: $RARI is the official token ticker of the ERC-20 token that governs the Rarible Protocol ecosystem.

Q: Can I claim $RARI without buying it？

A: You can receive $RARI via an airdrop for listing or bidding during an incentives program, and certain past traders on Rarible may be eligible based on program rules.

Q: What can I do with my $RARI？

A: $RARI token holders can lock their tokens to receive veRARI, enabling them to submit and vote on Rarible Protocol proposals.

Q: What is veRARI？

A: veRARI, or vote-escrowed $RARI, is locked $RARI that correlates to voting power within the RARI Foundation.

Q: Where is $RARI available for trading？

A: $RARI is traded on centralized exchanges like Coinbase and Kraken, as well as decentralized exchanges like Uniswap.

Q: Where can I ask questions about $RARI and the rewards program？

A: The RARI Foundation Discord server is the best place for inquiries, and they also host bi-weekly community calls.