What is PolkaRare?
Polkarare is said to be web3 economy for rare, unique digital collectibles, assets and NFT (Non-Fungible Token). PolkaRare aiming to create one stop solution that allows user to brands to create, explore and trade or buy different NFTs. Project expected to unlock full power of NFT technology along with integrating main function that include scarcity, transferability and offerings.
Polkarare support multiple blockchain, as it is integrated with top network Polkadot, Polygon, Ethereum and Binance Smart chain. This multi-chain support will give freedom user and creator to choose or optimized blockchain as per their choice and also transfer NFT across different network. in the beginning NFT creation will be on Ethereum and Polygon chain and in 2nd phase it will extent support on BSC and other networks.
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PolkaRare multi-chain marketplace that allow user to buy, sell and discover different NFTs with social features, gasless transaction and 3D art gallery included. In order to Store NFT, platform will be launching own NFT wallet along with collections feature for rare NFT drops of Licensed art, music and sports cards. NFT collateralized loans will be game changer, where user can put gets loans in crypto by putting NFT as collateral. Platform also making sure of small useful feature including social module, functional smart contract, price discoverability, server module and decentralized store.
PolkaRare Price Prediction
|Month & Year||PRARE Price Prediction|
PRARE IDO Overview
|Platform used||Poolz, Gate, Red Kite|
|Raised by||$200,000 USD|
|Date of ICO||11th May 2021|
|IDO Price||$0.1 USD|
|Partners||Playcent, Polkafoundry, magnus Capital, x21, Moonwhale, GBV, HRONOS, Kyros, DFG, Blocksync Ventures, Raptor Capital, Moonrock capital, OKEx Blockdream Ventures, AU21 Capital.|
PRARE Price Analysis
PRARE Token is governance and utility token with fixed supply of 100 million, which is issued on ERC20 Token standard on Ethereum network. PRARE Token will be used in different operation, as most important use medium of exchange or on platform currency where buying, selling and other operation payment completed using token. in the governance PRARE token holder able to propose or vote in upcoming key proposals. NFT farming, staking rewards also distributed in Token, as PRARE token holder will get rate NFT from NFT drops.
PRARE Token will be distributed via IDO & IEO sale i.e., Initial DEX offering, which means token distribution before listing on decentralized exchange like Uniswap, Balancer and other. IDO & IEO will be held on Poolz, Red Kite by PolkaFoundry and Gate exchange with price $0.1 USD. however, PRARE price after listed expected to start with 10x from public sale price, so on DEX PRARE probably open trade with $1 USD Price.
How much PRARE Worth in Future?
PRARE has limited supply and not doubt definitely user will HODL token for NFT drops and staking rewards. As total number of token increases then prices keep going upward and we could see PRARE reaching $50 USD before 2025.
Is PolkaRare a Good Investment?
We still in early phase of NFT development as we will be seeing more project coming, but as of now PolkaRare could be good investment for long term hold.
PolkaRare is another innovation that aiming to simply multiple NFT operation and existing problem. PolkaRare will supporting popular blockchain network along with top performing network like BSC. NFT is future and now every day new NFT based project launching, as in the PolkaRare will be having huge competition in future. Platform roadmap looks solid and in that NFT loans, mobile support, minting, 3D content support will bring uniqueness in the project. in private round project gained venture capital partnership including some famous companies. Recently, platform joined hands with PolkaFoundry to utilized dApps.