Token
PRARE token is the 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 later
Token utilities:
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.
Medium of exchange
PRARE is used a primary mode of payment on Polkarare
Staking Rewards
Stakers will be rewarded with platform fees. Stake PRARE to earn PRARE
NFT Farming
Stake PRARE to farm rare NFTs
Exclusive NFT drops
PRARE holders will get exclusive drops from the collectibles product
Governance:
Anyone can stake PRARE to create and vote for proposals. A portion of platform transaction fees will be used for the governance rewards. By participating in voting, token holders may earn rewards. For proposals to be accepted, it must be endorsed by a sufficient amount of token holders. Each proposal should include an implementation plan and a bounty.
Last modified 1yr ago