Polkarare Platform, Ecosystem and Tokenomics
PolkaRare is a web3 economy that allows any user or a brand to create, trade, and discover NFTs.
PRARE is the native currency for the Polkarare. It is the PolkaRare platform’s utility and governance token. The total supply is fixed at 100 million. PRARE will be issued and distributed as an ERC20 token at the IDO and will be cross-chain compatible later.
PRARE Use Case
💢 Governance—PRARE token holders will be able to propose and vote on key proposals, a portion of platform transaction fees will be used for the governance rewards
💢 Utility—PRARE tokens will act as a medium of exchange, and PRARE will be used as a primary mode of payment on PolkaRare
💢 Staking—LPs who stake PRARE will be rewarded with platform fees in the form of PRARE tokens, So users will be able to stake PRARE to earn more PRARE
The PolkaRare staking economy also enables NFT Farming wherein users will be able to stake PRARE tokens to farm rare NFTs. Additionally, PRARE holders will get exclusive NFT drops from the collectibles product.
ABOUT PolkaRare
PolkaRare a web3 economy for unique and scarce digital assets Powered by Polkadot, Polygon, Ethereum and Binance Smart Chain.
RESOURCES:
