Raryblepole Raribale Raribolepole, which is not financed, introduced a redesigned trading platform on Tuesday and introduced a up-to-date system that directs transaction fees to the purchase of tokens.
Rarible told Cointelegraph that the model that redistributes tokens to vigorous traders is aimed at creating a sustainable alternative to previous NFT motivational programs that were based on the constant token allocation.
“Previous projects in the NFT ecosystem were not balanced,” said Cointelegraph Anna Riabokon, head of department and management at the RARI Foundation.
“They encouraged traders with an unbalanced level of redistribution, only to dry when their assignments from the token distribution were exhausted.”
Riabokon told Cointelegraph that thanks to the up-to-date model, the RARI Foundation will direct all revenues generated from the fees for the transaction of the platform “Back to traders”. She claimed that this basically creates a “free” market.
Previous NFT market tests for tokens awards
Other NFT markets experimented with programs, often based on the incentives of tokens to augment commercial activities.
In 2023, Blur dominated the volume of NFT using a system based on points that awarded traders with future tokens.
However, while the strategy quickly attracted liquidity, it also fueled the washer trade methods, in which users bought and sold NFT at the front and back to maximize AIRDROP Awards without real demand on the market.
The NFT Looksrare platform also introduced a similar approach, distributing its token with traders as part of the emission schedule. While the model briefly increased the volume, a significant part of the activity dropped rapidly when the token lost.
Related: The peng token loses 20% in August among the chubby premiere of the party game
RARIBLE EXEC claims that revenue generating is distinguished by the platform
While the previous iterations of the prize program from competitors showed unbalanced results, Rarible remains optimist as to the prize system. Riabokon said Cointelegraph:
“Unlike other markets, Rarible generates revenues from licensing its software for such brands as Mattel and McFarlane Toys and over 40 other partners, and thus can support a wider community in this system in a balanced and long -term way.”
“By redirecting all revenues generated from trade to this motivational program, the system is balanced by nature,” added Riabokon.
She also said that the platform would ensure transparency. Riabokon told Cointelegraph that all transactions are in place and can be traced to the RARI Foundation’s treasury.
She said that the scale boards would be delivered as part of the incentive program, and the Foundation will issue regular reports with transparency.
https://www.youtube.com/watch?v=GPWMROGCVLC
Warehouse: Animoca’s Tower Crypto Surges 214%, Games activity in July: Web3 Gamer
