What is POLKARARE(PRARE)?

Basic information about PRARE

Coin name:

Polkarare

Coin symbol:

Coin introduction:

What is PolkaRare? PolkaRare is a web3 economy to create, trade, and discover NFTs. Powered by Polkadot, Polygon, Ethereum, and Binance Smart Chain, PolkaRare offers artists a seamless onboarding experience without the need to use Metamask or make contract transactions on their own. PolkaRare provides a range of tools to users to unlock the maximum potential of NFTs. $PRARE is the native token of PolkaRare used for governance, staking rewards, medium of exchange, NFT farming, etc. Who is the Founder of PolkaRare? PolkaRare is founded by Pramod Mahadik, a professional software developer. Pramod has over eight years of experience in building projects and has previously served at Rediff and Halalbox. Pramod has over four years of experience in the Blockchain space. He is a successful influencer and venture capitalist who has been advising multiple portfolio projects for development and team building. What is The USP of PolkaRare? PolkaRare offers NFT creation, NFT trading, multi-token support, community rewards, support licensed content drops, price discoverability, and charges low network fees. Currently, most of the NFT platforms are based on Ethereum. However, the high traffic of the Ethereum network creates various issues in creating and trading NFTs. PolkaRare aims to become a multi-chain NFT platform, where creators and users can optimize the blockchains and seamlessly transfer them across different networks. PolkaRare NFT creation will start on Ethereum and Polygon chains. In the next phase, the NFT will be added to the BSC and will be extended to other blockchain networks gradually. How many $PRARE are there in Circulation? PRARE is PolkaRare's utility and governance token. Total Supply : 100,000,000 PRARE Hardcap: $2,200,000 Total Tokens be Sold: 36,375,000 Percentage be Sold (Seed + Private + IDO): 36.375% Token utilities: Governance: $PRARE 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 as 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. Token Distribution and Lock-Up Process: Seed Round: 12.50% Private Round 1: 12.50% Private Round 2: 9.375% (Initial Dex Offering)IDO: 2.00% Ecosystem Fund: 9.625% Marketing/Grants/Partnerships: 10.00% Advisors: 3.00% Team: 12.00% Company Reserve: 10.00% Operations: 4.00% Marketplace Mining & Staking: 12.00% Exchanges & Liquidity: 3.00% What are the Features of PolkaRare’s Products? PolkaRare’s products are designed to attract the average user to its platform. Its main features are Multichain NFT marketplace NFT Wallet Collections NFT Collateralized Loans Royalties Unlockable content: NFT price discoverability protocol Social features Multi content support

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Current Price:

$0.001299More coin details

All-time high:

$1.35

All-time low:

$0.000206

PRARE Supply Info and Tokenomics

Circulating supply:

51M

Total supply:

100M

Max supply:

100M

Market cap:

$66,323.13

Fully diluted valuation:

$129.921K

What is the outlook and future value of PRARE?

The current market cap of PRARE is $66,323.13, ranked 7609 in the market, showing that the market already recognizes the value of PRARE. When a bull market arrives, the market cap of PRARE may continue to grow.

Moreover, if PRARE can play a greater role in real-world applications—such as if the Monero developers can fully empower PRARE and establish partnerships with more business partners to expand its user base—then the long-term value of PRARE will be further enhanced.

What is the price of PRARE in 2027?

According to the historical price performance prediction model of PRARE, the price of PRARE is expected to reach $0.001364 at 2027.

Note: As with any crypto investment, investors should closely monitor ’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get PRARE?

Purchasing PRARE with cash is not the only way to obtain PRARE. If you have enough time, you can get PRARE for free.

Learn how to get Hot rewards for free with PRARE.

Earn free PRARE by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get PRARE airdrops for free.

All crypto airdrops and rewards can be exchanged for PRARE through LBank spot trading.

Buy PRARE starting from $1

What is PRARE used for and how to use it?

The use cases for PRARE may grow with the development of the crypto market and project progress. Currently, you can use PRARE to:

Arbitrage trading of PRARE

PRARE is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many PRARE trading pairs to suit your needs.

Earn yield with PRARE

You can also lend out PRARE or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your PRARE gains.

Send or pay with PRARE

If you want to pay someone with PRARE, you can easily and quickly send PRARE to them using their receiving address.

You can also visit the official website of Polkarare to learn more use cases of PRARE, such as whether the Polkarare project supports community/eco apps or buying physical or virtual goods with PRARE.