Buy RARI
What is RARI?
RARI is an Ethereum token that powers Rarible, a community-owned marketplace for creating, selling, or collecting NFTs. Its primary purpose is to govern the Rarible protocol and RARI Chain, and to control the RARI Foundation treasury.
How does RARI work?
RARI operates on the Ethereum blockchain and uses the Arbitrum Layer 3 (L3) technology for its RARI Chain. It follows a Proof of Stake (PoS) consensus mechanism, inherited from Ethereum's security model. RARI Chain utilises EVM-compatible smart contracts to enforce node-level royalties for NFT transactions, which are reverted if royalty payments in ETH or ERC-20 tokens fail.
What are the potential use cases for RARI?
RARI has several real-world applications including:
- NFT Marketplace: Powering a community-owned platform for NFT transactions.
- DeFi and NFTs: Supporting various earning opportunities for creators.
- Digital Art: Facilitating direct sales of digital artworks as NFTs.
- Virtual Property: Documenting virtual property rights with minimal paperwork.
Notable projects utilising RARI include BotFrens, Mattel, Mocaverse, Footprint Analytics, and Ledger, spanning sectors like digital art, DeFi, and NFT marketplaces.
What is the history of RARI?
Rarible, the platform behind RARI, was co-founded by Alex Salnikov and Alexei Falin and launched in early 2020. It received initial funding from CoinFund, with a marketplace launch on Ethereum Mainnet in 2019. The RARI token was introduced in July 2020 as the first governance token in the NFT space. The platform has seen significant growth and evolution, including the introduction of Marketplace Liquidity Mining and the expansion into a DAO with various working groups.
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The information presented in this comparison table is for educational purposes only and is not an investment recommendation for your personal circumstances. Past performance is not an indicator of future performance.
The data points in this table are sourced as follows: ASX200 from Google’s ASX200 index price, Gold from ABC Bullion’s website (abc bullion.com.au), and BTC from CoinGecko (coingecko.com.au). All data is recorded at 10 am AEST on the first day of each calendar month.
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Frequently Asked Questions (FAQs)
What is the current price of RARI (RARI)?
The RARI price is $3.903 AUD, representing a -1.45% from the day prior.
Where is the best place to buy RARI (RARI) in Australia?
The best place to buy RARI (RARI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell RARI (RARI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of RARI (RARI)?
The trading volume of RARI (RARI) is $2.1M AUD in the last 24hrs, representing a -1.45% from the day prior.
How can I buy RARI (RARI)?
RARI (RARI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of RARI (RARI)?
The current market cap of RARI (RARI) is $43.2M AUD.
Can I convert RARI (RARI) to cash?
Yes - With Coinstash you can convert your RARI (RARI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many RARI (RARI) are there?
The current circulating supply of RARI (RARI) is 11.6M.
Is Coinstash a safe place to buy RARI (RARI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling RARI (RARI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.