Rally Announced a First Liquid Token Sale and Distribution
Today’s article discusses an open platform built on Ethereum called Rally. It allows creators, brands, and celebrities to launch their own social tokens, also called Creator Coins. The company recently announced that it would hold a First Liquid Token Sale and Distribution at the beginning of April. Investors can already buy the tokens on CoinList. The sale will continue for three days.
The Token type is ERC20, and 1 RLY costs 0.976 USD in ICO. The company is offering 15,000,000,000 in total. The Rally community proposed, voted, and approved the terms of $RLY token sale and distribution, as well as CoinList’s facilitation. The latter became a partner of the Rally community to offer the first liquid token sale and distribution on its platform.
However, Coinlist will transact the profits directly to the Rally community treasury. The Rally community governs it and spends the funds on behalf of the Rally Network.
How does the Rally platform work?
Rally enables users to launch independent economies with their communities. This Ethereum-based open platform allows influencers, musicians, artists, brands, and content creators to release Creator Coins.
After that, fans can purchase their favorite creators’ social tokens to access special benefits, such as exclusive content, chat rooms, or event access. Creators determine these benefits. Thanks to Rally, creators can grow their audience and reward fans.
Furthermore, they can build their own digital economies powered by blockchain technology by creating their own self-branded crypto token. And they are able to share their economy directly with their fans. Rally’s platform is governed by $RLY, though, which is its native token.
The platform has some other advantages, as well. It works hard to make crypto usable for all creators and fans, aiming to bring the next 100 million users to crypto.
Rally also boasts a live community with 10,000+ Users and 80+ Creators. The Rally Network has an existing community that is engaged and actively participates in governance.
While $RLY is the governance token for the network, creators can mint unique Creator Coins on top of it. The growth of social tokens and $RLY create network effects, building on each other.
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