What is SuperRare (RARE) | What is RARE token

In this article, we'll discuss information about the SuperRare project  and RARE token. 

A pioneer in the NFT space, SuperRare has grown into the premier NFT art platform, with nearly $90M+ of art collected and $3M+ in artist royalties paid to date.

While highly impactful for thousands of early artists, collectors and community members, SuperRare’s success thus far is minuscule compared to how large the internet art market will become over the next 10 years.

In order to scale up and take advantage of the true power of web3, SuperRare is embarking on a path of progressive decentralization – shifting ownership and governance of the network to our community.

Scaling up requires rethinking our approach to three fundamental areas of the platform:

The tools available to artists, collectors and curators

Where value accrues in the network

Decentralized curation

This paper introduces significant changes in all three of these areas. Collectively, we're calling these changes SuperRare 2.0. The future of art begins today.

Historically, value from fees and commissions on the platform have gone to the core team to fund ongoing operations and continued growth. In SuperRare 2.0, all fees will go directly to a new community treasury controlled by the SuperRare DAO.

On the product side SuperRare 2.0 introduces the concept of Spaces, independently-run gallery storefronts, to foster a diverse ecosystem of curatorial voices and help artists receive as much promotion and sales support as they feel is necessary. SuperRare 2.0 also supports a multi-contract architecture in order to double down on our belief that artists should be sovereign actors in charge of their own destinies.

Curation will begin progressively transitioning to our community of artists, collectors, and curators via a new SuperRare curation token, $RARE. This is the beginning of the SuperRare DAO.

This paper serves as the basis for our thinking around SuperRare 2.0. Certain aspects will be introduced and evolve over time, but we hope these details can provide clear guidance around our commitment to the power of self-organizing communities.

Next-generation NFT Platform

We are proud to have been an early participant in the NFT ecosystem, pioneering a simple yet powerful set of tools – and a product model that would be replicated by many subsequent platforms. In SuperRare 1.0, the core team hand-picked and approved artists to mint their works on a shared smart contract as SuperRare NFTs (SUPR tokens). The artists were then in charge of self-promoting and selling their artworks directly to collectors.

This model was the foundation of the “curated platform era”, which was useful helping bootstrap the early NFT art market. However, as the ecosystem has matured three major shortcomings of the model have become apparent:

Curation and gatekeeping by a single, centralized team isn’t conducive to building a healthy, web-scale art ecosystem. Art is inherently subjective, and a diverse array of curatorial voices is needed.

Artists deserve as much support with promotion and sales as possible. But as the community of artists in the space grows, the less promotion a single team can do for each one.

The broader NFT art ecosystem has turned into a fragmented experience where artists and collectors have artworks arbitrarily segmented across platforms, and there’s no good way to manage one’s whole collection.

SuperRare 2.0 was designed to address these three challenges head on, introducing key changes to several aspects of the platform architecture and broadening the set of tools available to artists, collectors and curators.

The $RARE Token

A curation token to facilitate governance parameters of the SuperRare Network

Web3 has been part of SuperRare’s DNA since day one. Built on open source ERC-721 Ethereum smart contracts, all transactions on SuperRare are on-chain (meaning provenance is transparent) and non-custodial (meaning SuperRare never takes possession of users’ money or art).

We believe web3 is ushering in a new era of the internet. An era in which the users of a platform can be the owners of the platform, helping bring it to life and benefiting from its upside value creation.

In order to scale up and take advantage of the true power of web3, SuperRare is embarking on a path of progressive decentralization – ultimately shifting ownership and curation of the network to the community.

Curation will gradually be vested to our community of artists, collectors, and curators via a new SuperRare curation token, $RARE.

As the network evolves, SuperRare Labs will look to empower community members by offering incentives to actively curate. As a predecessor to full on-chain curation, $RARE will provide the community with governance of certain network parameters including Spaces, commissions and grants.

Token Distribution

Explains the allocation of $RARE tokens to various stakeholders in the network

Genesis Distribution:

 

Retroactive Airdrop - 150,000,000 $RARE (15%)

Distributed to the core community of artists and collectors who have bootstrapped SuperRare into the platform that it is today.

Airdrop tokens are claimable here for the next 90 days, after which unclaimed tokens will be reallocated to the Community Treasury.

The airdrop has been allocated based on a combination of gross market value (GMV) and quantity of art purchased/sold. This factored in the aggregate volume of transactions (measured in ETH) as well as the number of pieces transacted.

A major goal of this distribution was to democratize the $RARE airdrop by taking into account how early members joined the platform and how active they have been since. Using ETH as a metric for distribution favored early adopters while transaction volume provided a factor to benefit those buying and selling work on a recurring basis, regardless of final sale price.

Community Treasury - 400,000,000 $RARE (40%)

Retained by the Community Treasury that will be owned and operated by $RARE holders.

The Community Treasury will initially be custodied by a Governance Council - described in detail elsewhere. $RARE tokens held in the DAO Treasury are eligible to be used in accordance with governance.

25% of the DAO Treasury (100M $RARE) is available at launch while the balance will vest linearly over the course of 4 years.

Team - 255,000,000 $RARE (25.5%)

Granted to the core contributors at SuperRare Labs who have played a vital role in developing the SuperRare platform into what it is today.

This allocation ensures incentives are aligned between the core team and the wider community, providing a mechanism for participation in future governance and helping guarantee the long-term success of the platform.

Team tokens are subject to 3 year vesting with a 6 month cliff.

Investors - 145,000,000 $RARE (14.5%)

Granted to investors who participated in SuperRare’s previous funding rounds.

In March, SuperRare raised a strategic round from leading funds and investors to bridge the gap between crypto and the traditional art world. A full list of these partners can be found here.

This allocation allows our investors to participate in future governance if they so choose.

Investor tokens are subject to 3 year vesting with a 12 month cliff.

Strategic Partners & Future Contributors - 50,000,000 (5%)

Reserved for strategic partners and future contributors to the SuperRare network.

These tokens will be overseen by SuperRare Labs and used as an incentive for onboarding of key contributors and to expand the presence and awareness of SuperRare.

$RARE allocated from this pool will be granted to those who helped bring the SuperRare network to launch and to future employees.

Strategic Partners & Future Contributors are subject to vesting schedules on a case by case basis in accordance with the terms of their respective service agreements, but will have a minimum of 6 months vesting whenever allocated.


Value Capture in the Network

100% of value captured by the network now funds the SuperRare Community Treasury

When the first version of SuperRare launched in early 2018, the intent was to create a radically better market for artists while sending a clear signal that a new kind of art market was possible.

To send this message loud and clear, the genesis SuperRare marketplace smart contracts included zero primary market fees or commissions for the first year, and an industry-first 10% royalty for artists in the secondary market. As the NFT art market started to take root in 2019, marketplace fees and a primary sale commission were added to further support development and growth of the platform.

SuperRare 2.0 ushers in a new era. In a major step toward progressive decentralization of the platform, all fees and commissions will now be allocated to a Community Treasury controlled by the SuperRare DAO. On launch, SuperRare 2.0 now allows all marketplace parameters to be configurable via community governance.

 

100% of the value captured by the network will now be routed to the SuperRare Community Treasury to fund artist grants, network development, and further fuel the growth of the SuperRare ecosystem

 



 



How and Where to Buy RARE token?

RARE token is now live on the ETH mainnet. The token address for RARE is 0xba5BDe662c17e2aDFF1075610382B9B691296350. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough ETH in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

Transfer $ETH to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Uniswap Decentralized Exchange and Buy, Swap RARE token

Contract: 0xba5BDe662c17e2aDFF1075610382B9B691296350

Read more: What is Uniswap| Beginner’s Guide on How to Use Uniswap

The top exchange for trading in RARE token is currently: Uniswap (V3), MEXC, Uniswap (V2)

Find more information RARE token:

☞ Website ☞ Explorer  ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3  ☞ Coinmarketcap

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What is SuperRare (RARE) | What is RARE token
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SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

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The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

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How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

How to Buy FEG Token - The EASIEST Method 2021
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The origin of the article: https://www.youtube.com/watch?v=LAVwpiEN6bg
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
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Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”

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What is SafeMoon?

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SafeMoon Tokenomics :

The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.

SafeMoon Specification :

The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.

SafeMoon Protocol :

The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.

Safety: A step by step plan for ensuring 100% safety.

  • Dev burned all tokens in the wallet before the launch.
  • Fair launch on DxSale.
  • LP locked on DxLocker for four years
  • LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.

What is the role of Manual Burns?

The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.

How efficient is Automatic Liquidity Pool (LP)?

The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.

Attractive features present in DeFi like SafeMoon token platform :

  • Stable Rewards
  • Manual Burning
  • LP Acquisition
  • Community Governed Tokens
  • RFI Staking Rewards
  • Automated Liquidity Pool
  • Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

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Summing Up :

The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.

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Techno Loader

Techno Loader

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ERC20 Token Development Company | Launch Your Own Token

ERC20 has emerged as one of the most groundbreaking solutions in the crypto sphere. Using this token standard, it is possible for you to produce a large number of tokens with ease and convenience. Moreover, with an ERC20 token development company, it is possible for you to have a productive base of digital currencies. With this particular protocol, it is possible for you to have a profuse framework.

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For an investor, Ethereum becomes a very valuable solution. With its help, your business gets to have an enhanced production capacity. You can take the soundest financial decision using this protocol and bring the best for your business. Besides that, you get to follow a large set of guidelines that streamline all the functions of this network.

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Also Read:- How Much Do You Have To Spend On Having Your Own ERC20 Token?

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Important of ERC20 in Business Scenarios

When you go beyond the creation and operations of token creation, you see that this form of asset offers you many other things. It allows you to have a contract-based usage that gets deeper with the advancing levels. Besides that, you are able to get more focused on the implementation of protocols. From following the guidelines to doing something innovative, you get to do everything with full efficiency.

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