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🚨 Alpha Alert: SuperRare Token

Airdrop inside! NFT Marketplace SuperRare launches new curation and governance token.
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Aug 17, 20215 min read

Dear Bankless Nation,

SuperRare is a popular marketplace for trading rare, one of one digital art. The project saw a ton of traction earlier this year amid the initial NFT mania as volumes skyrocketed.

Today, SuperRare is taking a step forward towards decentralizing its marketplace using the RARE token.

And guess what? If you’ve used the SuperRare platform as an artist or a collector, you’ve been rewarded. (Did you do your Bankless tactic from January 2020??)

Congrats!

There are also some interesting use cases lining up that you’ll be able to capitalize on.

Here’s what you need to know.

Let’s get to the Alpha. 🚀

- RSA

P.S. Want more info? Check out this piece featured on Metaversal.


ALPHA ALERT: SuperRare Curation Token


🚨 Disclaimer: None of this is financial or tax advice. DeFi is risky. You can lose what you put in. Please approach this Alpha Alert at your own discretion as this post is strictly educational. It is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.


Claim your RARE Token Airdrop

Market Opportunity

  • Alpha: Claim SuperRare token airdrop!
  • Asset: RARE
  • Eligibility: SuperRare users who bought or sold digital art
  • Distribution: Retroactive airdrop
  • Details: Official Announcement
  • ROI: Variable!

SuperRare is decentralizing control over its NFT marketplace with its governance and curation token, RARE. The launch features a retroactive airdrop for all participants who used the SuperRare platform as of July 21st, 2021 (07/21).

These actions include:

  • Collector GMV: Distributed pro-rata to all collectors based on the amount of primary and secondary sales volume in ETH terms.
  • Collector Sales Count: Distributed pro-rata to all collectors based on the number of primary and secondary market transactions collectors made.
  • Artist GMV: Distributed pro-rata to all artists based on the amount of primary and secondary sales volume in ETH terms.
  • Artist Sales Count: Distributed pro-rata to all artists based on the number of primary and secondary market transactions collectors made.
  • Artist and Collector Badges: Even distribution for all users who claimed their SuperRare Artist or Collector Badges.
  • Fixed Artist: Fixed distribution for any verified artist on the platform that minted a SUPR NFT token.

Background

While SuperRare initially formed as a centralized marketplace for one of one NFTs, the team is decentralizing control over the platform with today’s launch.

Most notably, this includes the core team forfeiting the platform fees for primary and secondary sales and transferring that right to the community treasury. As expected, RARE tokens control the funds in the treasury.

All of this will now accrue to the community treasury (source)

Additionally, RARE will serve as a curation token for SuperRare’s soon-to-be-launched “Space Race”, which are community-vetted galleries for curators, collectors and community members to highlight and release work through SuperRare.

The total supply is 1,000,000,000 RARE with the following breakdown:

  • 15% for the Retroactive RAREdrop
  • 40% to the Community Treasury
  • 25% to SuperRare Labs
  • 14.5% to Investors
  • 5% to Partners

For those interested in getting involved with SuperRare, you can join the Discord here.  Using Collab Land, RARE token holders will get access to exclusive channels to collaborate with other members in the community by typing !join in any public channel.

For more information, read up on the SuperRare network docs!


How to get this Alpha:

  1. Head to SuperRare.com/rare/claim and sign in! If you already have an account (you need one to be eligible for the airdrop!), you’ll be prompt to sign a transaction to login.
  1. Once you sign in, you’ll see the tokens you’re eligible to claim.
  1. In order to claim your tokens, you’ll be required to sign the terms and agreements to the Retroactive airdrop terms and conditions.
  1. Click accept and sign the transaction! You’ll be required to pay gas fees.
  1. And that’s it! Once the transaction confirms on-chain, you’ll have received your RARE. You can view your token allocation by going to your profile dashboard.

Welcome to the frontier of digital art!


Considerations

  • Why did you get this alpha? Because you subscribed to Bankless and made an effort to level-up by using crypto. This is the frontier! There’s risk…but there’s also reward! Today you were rewarded…congrats.
  • What if you missed this alpha? Keep leveling up on the Bankless program. Start using projects that might have future airdrops. Spend time each week learning something new. Connect with the community. You’re still early…this is a marathon not a sprint!

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Want to get featured on Bankless? Send your article to submissions@banklesshq.com


Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.


Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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