Rare Pepe
Crypto Overview
Overview
RARE is the governance token of Unique Network, a NFT chain built for the Polkadot and Kusama ecosystem. The token derives its name from the popular Rare Pepe meme NFT collection but has evolved beyond that initial connection.
Purpose and Utility
The RARE token serves multiple legitimate utilities: governance rights over the Unique Network protocol, staking capabilities, and facilitation of NFT transactions within the ecosystem. Token holders can participate in protocol governance decisions and earn rewards through staking.
Business Model and Operations
The project's business model centers around providing NFT infrastructure and tools for the Polkadot ecosystem. The platform enables NFT creation, trading, and management with advanced features like nested NFTs and refungible tokens. These operations are transparent and do not involve any inherently prohibited activities.
Adoption and Development
The project maintains active development with regular updates to their infrastructure. While adoption remains relatively modest compared to Ethereum-based NFT platforms, there is genuine utility and ongoing ecosystem growth. The development team regularly pushes updates and maintains transparent communication about project progress.
Token Distribution
Token distribution includes allocations for team members and early investors with standard vesting periods, suggesting reasonable alignment of incentives. The project maintains transparent tokenomics with clear documentation of token allocations and vesting schedules.
Crypto Impact
To assign a comfort level investing in Rare Pepe from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Rare Pepe.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.