What is $RARE?
$RARE is the SuperRare governance and curation token. With an initial distribution to those who brought SuperRare to where it is today, $RARE will be a key tool in shaping both SuperRare’s future and the digital art community at large.
As SuperRare moves to put more power directly into the hands of artists and community members, we will progressively transition into operating as a DAO (a decentralized autonomous organization).
DAOs are a formal way of distributing power amongst a community by granting decision-making influence and access to a shared treasury. To initiate this governance, a brand new token is minted for those who wish to partake – you can think of the token as both a share and a membership. This is where $RARE comes in.
With the initial distribution of $RARE and the upcoming, gradual addition of pathways for more community members to earn it, SuperRare 2.0 takes form. This next chapter of SuperRare promises to shift ownership and governance of the network into the hands of the community who care about it the most.
What can I do with $RARE? What is it for?
Using $RARE, community members will have power akin to being a stakeholder in defining SuperRare’s future.
In order to grow SuperRare into the healthiest decentralized ecosystem possible, three fundamental areas of the platform must be rethought: where value accrues in the network, control of curation and key market parameters, and the tools available to artists, collectors, and curators. Holders of the $RARE token will have the opportunity to guide the evolution of these necessary developments in a transparent, democratized manner.
New methods of participation are being progressively rolled out via SuperRare Network Improvement Proposals (SIPs), a means for the community to propose upgrades and distributions to the SuperRare ecosystem.
$RARE is also currently used for voting on Spaces, granting community members an active role in SuperRare's path towards decentralized curation.
For a full overview of $RARE and the SuperRare DAO, please read the official SuperRare Network docs.
Where can I buy $RARE?
$RARE can be purchased on popular exchanges such as Uniswap, Binance, and Gemini.
⚠️ If you believe you are interacting with $RARE, please triple-check the contract address to confirm it is, indeed, $RARE. Always be cautious of malicious actors looking to take advantage of the $RARE ticker symbol.
🔷 Official token contract address:
Please note: Nothing in this article should be construed as financial advice or an encouragement to buy or sell $RARE. The $RARE token is a curation and governance token that enables limited forms of participation in the SuperRare ecosystem. It is not an investment product. Please refrain from any discussion on trading or speculation in the official SuperRare channels.