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About RARI
- $RARI is an ERC-20 token that controls the RARI Foundation treasury and governs the Rarible protocol and RARI Chain.
- RARI Foundation represents RARI DAO, a community-governed, decentralized autonomous organization that promotes ecosystem growth and shapes the future of the two core infrastructure layers: Rarible Protocol and RARI Chain.
- RARI DAO governs the RARI Foundation treasury and ecosystem growth of Rarible Protocol and RARI Chain.
- $RARI was issued in 2020 with a max. supply of 25 million $RARI.
- The initial distribution of the token was: 10% airdropped to NFT holders,
About RARI: Empowering a New Era of Digital Collectibles
RARI: Unveiling the Mysterious Token
The $RARI token, an ERC-20 standard-bearer, assumes a pivotal role in governing the Rarible protocol and RARI Chain, while simultaneously overseeing the RARI Foundation treasury. Initially issued in 2020, this token boasts a capped supply of 25 million $RARI units.
The RARI Foundation: A Pioneering Force in the Digital Realm
RARI Foundation embodies RARI DAO, a decentralized autonomous organization governed by its community, dedicated to fostering ecosystem growth and shaping the future of the two core infrastructure layers:
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The Rarible Protocol is an open-source, freely accessible infrastructure designed to facilitate the development of NFT-centric applications and experiences, encompassing marketplaces, wallets, analytics, and more.
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RARI Chain is a secure, low-cost Ethereum Layer 3 chain that ensures royalty payments through node-level enforcement, providing an added layer of security and transparency.
Rarible Protocol – an open-source, freely accessible infrastructure empowering the creation of innovative NFT applications and experiences, encompassing marketplaces, wallets, analytics, and beyond.
RARI Chain – a secure, low-cost Ethereum Layer 3 chain that ensures royalty payments through stringent enforcement at the node level, providing an added layer of assurance for creators.
RARI Foundation and RARI DAO are dedicated to pushing the boundaries of NFT utility by fostering a creator-centric and fully decentralized ecosystem that is robust and resilient.
RARI DAO exercises governance over the following domains within its purview: the RARI DAO treasury and the ecosystem growth of Rarible Protocol, as well as the RARI Chain.
This vision is being brought to life through a robust governance architecture that empowers anyone to participate in the decision-making process by exercising their voting rights, contingent upon locking $RARI.
What Is the Total Supply of RARI Coins in Circulation?
In 2020, $RARI was introduced with a capped supply of 25 million units, thereby establishing a definitive limit on its total circulation.
The inaugural distribution of the token was allocated as follows: 10% was airdropped to NFT holders within the cryptocurrency community, while 60% was reserved for incentivizing users of applications built on the Rarible Protocol. The remaining 30% was distributed among investors and the Rarible team.
Upon being locked, the token assumes a pivotal role in the governance of the RARI DAO, empowering holders to exert influence over key decisions.
RARI Unveiled: A Comprehensive Overview
RARI, the native cryptocurrency token of the Rarible protocol, is a linchpin in the decentralized platform that enables the creation, sale, and curation of unique digital assets, known as non-fungible tokens (NFTs). As an ERC-20 token, it is built upon the Ethereum blockchain, and its significance extends to the governance and operational facets of the Rarible ecosystem, encompassing both the Rarible protocol and RARI Chain.
The Rarible protocol functions as an open-source infrastructure, empowering developers to craft a diverse range of NFT applications, spanning marketplaces and wallets to analytics tools. Conversely, RARI Chain constitutes an Ethereum Layer 3 solution, meticulously designed to facilitate secure and cost-effective transactions, with a specific emphasis on enforcing royalty payments at the node level.
The governance of the Rarible ecosystem is entrusted to the RARI DAO (Decentralized Autonomous Organization), which is embodied by the RARI Foundation. The RARI Foundation, a legal entity established in the Cayman Islands, is committed to nurturing the ecosystem’s growth and charting its future trajectory. The RARI DAO is tasked with overseeing the RARI Foundation’s treasury and making pivotal decisions regarding the evolution of the Rarible protocol and RARI Chain.
RARI token holders are empowered to engage in the governance process by staking their tokens, thereby earning veRARI, which confers voting privileges and additional perks within the ecosystem. This mechanism guarantees that the Rarible platform remains community-centric, attuned to the needs of its users, and driven by collective decision-making.
Launched in 2020, RARI boasts a capped supply of 25 million tokens, with an initial distribution that comprised a 10% airdrop to NFT holders within the cryptocurrency community, 60% earmarked for incentivizing users of applications built on the Rarible Protocol, and the remaining 30% allocated to investors and the Rarible team.
The token is readily accessible and liquid, being listed on a diverse range of centralized and decentralized exchanges. For those seeking a deeper engagement with the Rarible ecosystem or desiring to acquire more information, the RARI Foundation maintains a vibrant presence on its Discord server, where community members can pose inquiries and gain insight into the rewards program and other initiatives.
RARI’s Security Framework: A Robust Shield Against Threats
The security of $RARI, the native token of the Rarible ecosystem, is a multifaceted construct, comprising both technical and community-driven safeguards to ensure the integrity and safety of its holders. At the heart of its security framework lies the RARI DAO (Decentralized Autonomous Organization), which plays a pivotal role in governing the Rarible protocol and RARI Chain. This governance is facilitated through the conversion of $RARI to veRARI, a process that locks the tokens and confers voting rights within the DAO. This mechanism not only decentralizes decision-making but also aligns the interests of token holders with the long-term security and development of the ecosystem, fostering a harmonious and sustainable environment.
Notably, the security of $RARI is further bolstered by the robust technical safeguards implemented on the RARI Chain. One such safeguard is the node-level enforcement of royalties, which guarantees that creators receive their rightful payments, thereby ensuring the integrity of financial transactions within the ecosystem. Moreover, the RARI Foundation has implemented stringent measures to safeguard launches and proactively engages in the detection and mitigation of vulnerabilities. This forward-thinking approach to security has been instrumental, particularly in light of the platform’s historical experiences with security breaches. By drawing valuable lessons from past incidents, the RARI ecosystem has significantly fortified its security protocols to provide enhanced protection against future threats.
The RARI Foundation, acting on behalf of the RARI DAO, is dedicated to cultivating a secure, creator-centric, and fully decentralized ecosystem. By leveraging the Rarible Protocol and the RARI Chain, it furnishes the requisite infrastructure for building NFT applications, prioritizing security and minimizing costs, while simultaneously ensuring the enforcement of royalty payments at the node level.
In summary, the integrity of $RARI is safeguarded through a synergistic blend of decentralized autonomous organization (DAO) governance, stringent technical safeguards, including node-level royalty enforcement, and an unwavering commitment to identifying and addressing vulnerabilities. This multifaceted approach to security underscores the ecosystem’s unrelenting dedication to safeguarding its users and their assets, thereby fostering a secure and nurturing environment conducive to the growth and evolution of the NFT space.
In What Ways Will RARI Be Utilized?
$RARI assumes a multifaceted role within its ecosystem, primarily concentrating on funding projects, governance, and trading. As a utility token, it plays a pivotal role in the Rarible platform, empowering users to participate in the governance of the RARI DAO and the Rarible protocol. This governance encompasses decisions regarding the RARI Foundation treasury and the trajectory of ecosystem growth, including the development and maintenance of the Rarible Protocol and RARI Chain.
The Rarible Protocol, an open-source infrastructure, facilitates the development of diverse NFT applications, thereby enriching the NFT marketplace by providing a comprehensive suite of tools for marketplaces, wallets, analytics, and more. Conversely, the RARI Chain, an Ethereum Layer 3 chain, prioritizes security and low-cost transactions while ensuring the seamless enforcement of royalty payments at the node level, thereby directly benefiting creators.
Holders of $RARI are afforded the privilege of locking their tokens, thereby securing voting rights within the RARI DAO, and subsequently, exerting influence over the pivotal decisions that will shape the future trajectory of the ecosystem. This encompasses the allocation of the RARI Foundation treasury, which is strategically directed towards projects that foster the growth and development of the RARI ecosystem.
Furthermore, $RARI plays a pivotal role in facilitating royalty payments, thereby cementing its position as a cornerstone of the creator economy and intellectual property market. Beyond its governance and funding applications, $RARI’s utility is further underscored by its tradability on diverse exchanges, thereby providing users within the cryptocurrency ecosystem with enhanced liquidity and accessibility.
The token’s distribution was meticulously crafted to foster a sense of community engagement and incentivize active participation, with a substantial allocation reserved for NFT holders and users of the Rarible Protocol, thereby underscoring a profound commitment to decentralization and community-centric governance.
In summary, $RARI is a multifaceted token that facilitates governance, funding, trading, and royalty payments within its ecosystem, playing a pivotal role in the Rarible platform and the broader creator economy, thereby fostering a decentralized, creator-centric environment.
What pivotal milestones have marked RARI’s journey?
Several pivotal moments have punctuated the trajectory of RARI, underscoring its
transformative role within the cryptocurrency and blockchain ecosystem. A
seminal milestone was the inception of the RARI DAO and the RARI Foundation,
entities that form the linchpin of the RARI ecosystem’s governance and strategic
direction, championing a community-driven ethos in decision-making and
development.
Notably, the introduction of a grants program for developers marks a significant milestone in the pursuit of innovation and community engagement. This visionary initiative is specifically designed to catalyze the growth of the Rarible protocol and the RARI Chain, by providing vital support to developers who are driving the ecosystem’s expansion and diversification.
The unveiling of multiple RARI Chain proposals heralds a pivotal milestone in the project’s metamorphosis. These proposals are designed to tackle and fine-tune the technical and operational facets of the RARI Chain, thereby ensuring its seamless alignment with the community’s needs and the ever-evolving blockchain ecosystem.
The RARI token assumes a pivotal role within this ecosystem. As an ERC-20 token, it not only oversees the RARI Foundation’s treasury but also underpins the Rarible protocol and RARI Chain, functioning as a vital mechanism for participation and governance within the RARI DAO.
The RARI Foundation is dedicated to driving the widespread adoption and utility of non-fungible tokens (NFTs), harnessing the power of the Rarible Protocol and RARI Chain to craft a more inclusive, efficient, and creator-focused ecosystem. This vision is brought to life through a governance framework that vests token holders with decision-making authority, underscoring the pivotal role of community engagement in charting the project’s future trajectory.
In summary, these pivotal events underscore RARI’s unwavering dedication to cultivating a decentralized, community-centric ecosystem that nurtures the growth and maturation of the NFT landscape. Through visionary initiatives such as the grants program and the strategic guidance provided by the RARI DAO and Foundation, RARI is poised to make a profound impact on the evolution of blockchain technology and its multifaceted applications.