The PRARE ICO began today. What does POLKARARE offer?
The POLKARARE project began its ICO today. It’s planning to raise $35,000 through the sale of 350,000 native tokens at an ICO price of $0.1. The initial coin offering will end on May 11, 2021.
PolkaRare is a web3 economy, enabling users to create, trade, and discover NFTs. Powered by Binance Smart Chain, Polkadot, Ethereum, and Polygon, this platform offers artists a seamless onboarding experience. Users don’t need to use Metamask or make contract transactions on their own with PolkaRare. The platform provides a range of tools to customers to unlock the maximum potential of NFTs.
Token holders can use PolkaRare’s native token $PRARE for governance and staking rewards, as well as medium of exchange, NFT farming, etc.
Pramod Mahadik, a professional software developer, founded PolkaRare. Pramod has more than eight years of experience in building projects. He has previously served at Rediff and Halalbox. Besides, Pramod has also over four years of experience in the Blockchain space. He is a successful influencer and venture capitalist.
What about PolkaRare’s USP?
PolkaRare offers customers NFT creation, NFT trading, community rewards, multi-token support, price discoverability, and support licensed content drops, along with charging low network fees. Most of the NFT platforms are based on Ethereum currently, but the high traffic of the Ethereum network often causes various issues in creating and trading NFTs.
PolkaRare plans to become a multi-chain NFT platform, where users and creators can optimize the blockchains, as well as seamlessly transfer them across different networks. According to the team, PolkaRare NFT creation will start on Polygon and Ethereum chains. Furthermore, they will add the NFT to the BSC in the next phase and will extend to other blockchain networks gradually.
A total supply of PRARE counts 100,000,000 tokens. However, PolkaRare will sell only 36.375% during the ICO.
$PRARE token holders will be able to propose and vote on various key proposals; The team will also use the tokens as a primary mode of payment on PolkaRare and reward Stakers with platform fees. Users can stake PRARE to earn PRARE or to farm rare NFTs.
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