Month: January 2022

Background 

Previously known as Fuel Games, Immutable created Immutable X to serve as a scaling solution for the blockchain giant Ethereum. 

Immutable’s co-founder, Robbie Ferguson, believes in the massive potential of NFTs, but their true power can only be tapped by making the minting process not only affordable but totally free for every digital asset creator. 

What Is Immutable X? 

Immutable X is the first layer 2 protocol in Ethereum that focuses on NFTs and features zero fees, instant trading, and a secure platform. 

It is also an open-source protocol that provides users with an opportunity to create and develop their decentralized applications, including marketplaces and games. In addition, Immutable X boasts 600x more TPS or transaction per second than any other Ethereum-based NFT marketplaces, which means that both users and gamers wouldn’t experience any interference within the platform. 

Immutable X Exchange 

Immutable X Exchange is the platform’s very own marketplace, even though it was named as an “exchange.”

It is a peer-to-peer platform that offers zero gas fees and 9,000 TPS speed, which is essential for gamers as every second counts, literally, in their gameplays because little delays or interference can cause major negative outcomes in their quests and game standings. 

The Exchange is valuable, not only for gamers but also for artists and traders as well, as it allows them to execute non-custodial trades. The beauty of these features is that it provides users with more power because it retains users’ ownership of their NFTs’ private keys. 

Moreover, the marketplace supports ERC-721 and ERC-1155, giving users an expanded choice and flexibility in managing their NFT assets.  

Immutable X Mint

Immutable X equips users with the capability for the creation and large-scale distribution of NFTs, and whether users mint a single or bulk item, the platform can execute all minting processes free from any charge. 

Also, NFTs that have been minted on Immutable X are immediately available to trade on the open market while maintaining the security provided by Ethereum. 

Immutable X Link 

Immutable X link serves as the user’s connection between their Immutable X key on the L2 exchange and their private key on the main blockchain of Ethereum. 

It has the same functions as the Ethereum wallet manager as it can also execute the same authentication and authorization functions inside the exchange. And after everything has been verified, they will then be transferred to the main blockchain.

Scalability and Security 

While scalability has always been technologically possible with blockchains, one major problem it creates is decreasing decentralization, therefore, compromising security. 

To deal with this problem, Immutable X and Starkware, a software that uses zero-knowledge with cryptographic proofs, have collaborated to increase the blockchain’s privacy and scalability. 

The Immutable X platform can seamlessly execute high-quantity batching of trades off-chain with users signing for the speedy process and all these transactions will then be put on-chain in a single proof that “squeezes” those trades into one transaction at a fixed gas cost. 

Gas fees exist, but Immutable X pays for these fees, making the process virtually free for users. 

Validity-Based Proof 

Using validity-based proof means that users’ assets cannot be traded without their authorization,  in other words, their virtual items can never be taken from them and this is the same security measure that Ethereum mainnet deploys for its platform. 

ZK Rollups: Immutable X’s Sidechain 

ZK Rollup is a Layer 2 option that bundles hundreds of transactions into one, which will then be separated by smart contracts to verify each transaction. 

Its advanced method significantly lowers the storage and computational demand in validating blocks, providing cost-efficiency and greener execution for blockchain transactions. 

It also uses a zero-knowledge proof method for publicly recording transactions on Ethereum and allows almost limitless scalability and quick transactions without giving up any aspects of its security. 

IMX Token 

IMX is Immutable X’s native utility token, an ERC-20 token specifically created to help increase the platform’s growth by providing rewards such as trading transactions and protocol adoption. These incentives are reserved for community members who are helping Immutable X become a scalable NFT ecosystem for Ethereum. 

The token, which has 2 billion supplies, provides platform users with the power to vote on the future path of Immutable X. But one important thing to highlight here is that the platform is not a decentralized autonomous organization, or DAO, which means that in the end, the final decision about Immutable X’s direction will still depend on the team. 

Also, its token is not issued by Immutable X itself but by an independent Token Foundation, which means that the team would not have the privilege to acquire part of the token distribution. 

The platform will soon release a staking reward pool, which would allow users to have an additional income stream by staking their IMX tokens. 

NFT Collections On Immutable X 

Moody Krows

Moody Krows is a collection of 10,000 images of randomly generated eye-candy crows that features creative outfits and aesthetic elements that describe their personality. It is also the first PFP collectible in Immutable X, which means that it allows buyers to use their regular MetaMask and ETH with zero gas fees. 

It will soon launch its “Krowmunity Wallet” which is designed to reinvest sales back into its platform to ensure longevity and continued benefits for every community member. 

The collection also has what it calls “Moody Pebbles,” which are rare collectibles with varying rarities and can be acquired by purchasing a Moody Krow NFT crow. The crows will then have to scavenge these pebbles inside their own metaverse, but NFT owners can passively get a pebble through drops. 

Landloot

Landloot is the first-ever project Launchpad on Immutable X, and all members will have the opportunity to vote for the projects they like to be launched on the platform, and in its mechanism, 1 NFT is equal to 1 vote. 

Aside from voting, members can also use their NFTs to help their favorite projects in other ways, which, in turn, would provide them with exciting rewards.

Landloot will leverage Immutable X’s marketing channel and software technology to aid third parties in launching projects on the platform. 

AstroBros

AstroBros is a collection of 10,000 space-themed muscled characters, and each possesses a unique combination of poses, backgrounds, accessories, and items, making each of them truly valuable. 

Just like the previously mentioned NFT collections, AstroBros also takes advantage of Immutable X’s capability to offer zero gas fees, and with this perk, collectors would certainly be encouraged to purchase more characters. 

One of the long-term plans of AstroBros is to increase its NFTs’ use cases, marketplaces where the muscled space-farers can be resold, and networks where it could operate. 

Which products support IMX? 

	Send/Receive	Trading
Coinbase	✔	✔
Pro	✔	✔
Wallet	✔	✖️

What regions support IMX? 

	US	NY	CAN	EU	UK	DE	SG	JP
Coinbase	✔	✖️	✔	✔	✔	✖️	✖️	✖️
Pro	✔	✖️	✔	✔	✔	✖️	✖️	✖️
Wallet	✔	✔	✔	✔	✔	✔	✔	✖️

Crypto to fiat trading pairs

	US	UK	EU
USD	✔	✖️	✖️
GBP	✖️	✖️	✖️
EUR	✖️	✖️	✖️

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs 

	USDC	BTC	ETH	USDT
IMX	✖️	✖️	✖️	✔

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for IMX?

IMX requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts IMX?

IMX is hosted on Ethereum. 

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain. These amounts vary by asset and are subject to change.

By Sam Lee , Coinbase

The following is a note from our Chief Operating Officer Jon — at the launch of ShapeShift’s zero-commission trading strategy which leverages the FOX token.

Asthe world watched the ICO boom of 2017 and the proliferation of some interesting and many non-interesting tokens, many folks sat up and took notice. What people noticed the most were the huge price swings, the vast sums of money raised through these tokens long before anything was actually built, the proliferation of the words “token” and “blockchain” permeating throughout society, and a lot of warranted skepticism. Though, some of us, especially at ShapeShift, noticed something else. It wasn’t just the trading volumes, speculative price appreciation, and new fundraising model that was so interesting. What was far more interesting was what this Cambrian explosion of tokens made possible.

Since the birth of Bitcoin, the world has been watching a new asset class start to crawl and walk (we aren’t running just yet). Bitcoin grew from nothing to show the world that the mechanism behind how blockchain consensus works is pragmatically valuable and technically sound. What we thought was that a new type of money — and eventually a store of value — could exist electronically, powered entirely by sophisticated technology and the earned belief of its users. This exposed some of the magic underpinnings of how “money” and financial “value” works for many to see, who did not fully realize yet. But this wasn’t just a new type of money. It was a new asset class that broke many previously held definitions.

Sign up to trade for free with FOX in the ShapeShift Platform 🚀

A New Era for Crypto

As Bitcoin continued to mature, we saw the token explosion of 2017. For those who were paying attention, this was the continuing evolution of that magic spark that bitcoin lit. The explosion exposed the further magic (not just the underpinnings) of what we call “money” and demonstrated that this technology could allow for the creation of a plethora of entirely new, category-breaking assets called “tokens”.

That token explosion of 2017 created a snowball, rolling downhill towards the creation of previously impossible asset types and entirely new business engagement models. We’ve only scratched the surface of what is possible; with each development, the snowball has grown a little larger. In the vast scale of things, it’s still pretty small. There’s much more ahead to explore as it tumbles forward and gains further mass.

At ShapeShift, we started exploring some of these concepts in our very early days. Since 2014 we’ve maintained our thesis and philosophy that there would be many different, interesting blockchain assets in addition to Bitcoin and the world needed an easy way to convert from one to another. This thesis drove us to create the original ShapeShift conversion service. In 2016 we started exploring the idea internally of a ShapeShift token that would allow us to further explore the crypto frontier in ways impossible pre-token. The momentum of 2017 was a validation of this thesis, despite the excesses and misguided projects that came and went.

We watched and we waited, and through many internal discussions our potential token took many forms, culminating in what we are distributing to the world for the first time today: FOX token.https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FAnFkX6r32sY%3Ffeature%3Doembed&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DAnFkX6r32sY&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FAnFkX6r32sY%2Fhqdefault.jpg&key=a19fcc184b9711e1b4764040d3dc5c07&type=text%2Fhtml&schema=youtube

ShapeShift’s FOX Token

The FOX token is ShapeShift’s biggest leap into the frontier since the original creation of our service, though this will not be obvious immediately. We intend to push the limits of what is possible and what the world has come to understand regarding blockchain tokens. At its genesis, FOX will act in some ways like a loyalty token. Earn FOX by interacting with ShapeShift by actively trading (and other promotions over time). The more FOX accumulated the more benefits endowed to the users who hold them.

Loyalty tokens and programs are not a new concept, they exist all over the world in different forms: airline miles, cash back on a credit card, points at the supermarket or your favorite restaurant — and they, of course, exist in many forms already in the crypto world.Blockchain Tech in Loyalty ProgramsCan crypto innovations enhance the consumer experience?medium.com

What is new, however, is the way tokens let us approach the concept of a loyalty-based program. In particular, the FOX token will be one of the world’s first loyalty tokens that is a perpetual asset. What we mean by that is that unlike the vast majority of utility tokens currently out there, FOX will not require you to consume or spend it in order to receive its value. You get value simply by holding the asset. Starting at launch, this value is $10 of zero-commission trading per FOX every 30 days, and every user who joins our platform starts with 100 free FOX. This is not some nominal promotional value, this is perpetual and important value that the FOX holder receives; the ability to continually trade for free every month. This value does not disappear after using it, free trading replenishes on a rolling 30 day basis simply by continuing to hold FOX. It will do so as long as you hold FOX or until you transfer it somewhere else outside of your ShapeShift Platform account.You Can Now Trade Crypto for Free with ShapeShiftShapeShift now offers zero-commission crypto trading.medium.com

The Perpetual Nature of FOX

We think this perpetual nature of FOX is one of the key pieces that allows us to push the token frontier forward and explore yet another category-breaking asset class, that the world hasn’t quite seen before. FOX as a digital perpetual asset is not just a loyalty program, it’s not just a membership, it’s not just an exchange token, it’s all of these things, none of these things, and it sets a basic foundation for customer engagement that will evolve alongside our company.

One of the magic pieces of tokens is that they can take on a life of their own. All of their utility and use cases are not just determined by the creator and issuer, but by the community that forms around them and directly engages with them. Imagine if your Amazon Prime membership was a token that you could sell off to another person when you no longer wanted it, or airline miles were far easier to transfer among a marketplace, or a Costco membership that didn’t need to be renewed every year — but had perpetual value if you acquired it and could be traded among your friends. These are the types of use cases and situations that the advent of perpetual tokens makes possible.

In some ways, the difference between consumable and perpetual assets can be thought of in the context of renting or buying an apartment. When you are renting, you get the use of the place as long as you pay for it every month. At the end of your lease, the apartment goes back to its owner and you don’t get any of your money back. If you buy an apartment instead, it’s yours and you get the benefit of living there. If you don’t want to live there anymore, you can sell it to someone else who wants to buy it (or even rent it to someone if you want to keep it). The apartment may have gone up or down in value, but it’s yours and you get some value back by selling it.

The majority of tokens that have been seen in the blockchain world allow for some new way to explore this rent concept, like buying a token to get lower exchange fees (but you pay upfront and then it’s gone). With FOX and the evolution of perpetual tokens, we allow for something much closer to really buying and owning something. When you own FOX, you truly own it and it does not need to be burned, consumed, or sacrificed to receive value from it.

Many current models can be changed or looked at differently though this perpetual lense and it can be a push away from “rent-seeking” behavior, towards more experimentation with “ownership-seeking” behavior. This use case can be extended to many places and a single asset can end up having many uses. The important facet is that a new frontier of interesting perpetual utility assets can be opened up and explored. Bitcoin planted this seed, and we are further exploring one little branch of it. Our intention is for the FOX token to further demonstrate what’s possible.

A Token Evolution

We envision a whole world and a plethora of new tokens with perpetual natures and varied use cases. We think FOX can be one of the first examples given to the world of a perpetual utility token that can represent these various use cases. It doesn’t require an ICO, or speculative fervor or anything like that to create value. Instead, its value comes from the attributes it can endow its user simply by holding it (almost like a magical sword in a video game where you can upgrade and stack the powers it gives you). In my view, this is a form of magic and a type of magic the world will find endlessly fascinating.

With the creation and distribution of the FOX token, we peel back and expose a little more of the underlying magic of tokenized value creation. Perhaps this concept will resonate in the minds of other entrepreneurs, creators, and communities, highlighting what is possible in the evolution of new digital assets and tokens.

Which products support FOX? 

	Send/Receive	Trading
Coinbase	✔	✔
Pro	✔	✔
Wallet	✔	✖️

What regions support FOX? 

	US	NY	CAN	EU	UK	DE	SG	JP
Coinbase	✖️	✖️	✖️	✖️	✖️	✖️	✖️	✖️
Pro	✔	✔	✔	✔	✔	✖️	✖️	✖️
Wallet	✔	✔	✔	✔	✔	✔	✔	✖️

Crypto to fiat trading pairs

	US	UK	EU
USD	✔	✖️	✖️
GBP	✖️	✖️	✖️
EUR	✖️	✖️	✖️

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs 

	USDC	BTC	ETH	USDT
FOX	✖️	✖️	✖️	✔

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for FOX?

FOX requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts FOX?

FOX is hosted on Ethereum. 

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain. These amounts vary by asset and are subject to change.

By Shapeshift and Coinbase

COTI (COTI) is a token that powers COTI, a project that describes itself as a “DAG (directed acyclic graph) protocol optimized for creating decentralized payment networks and stable coins.” Coti uses Trustchain, a decentralized ledger that can process over 100,000 transactions per second, to power online and offline payments, loyalty payments, stablecoins, and more. Note: Coinbase currently only supports COTI running on the Ethereum blockchain (ERC-20).

COTI is a fintech platform that uses blockchain to run a range of products, including payment processing, financing, white label payment systems, loyalty programmes and cross-border remittance technology. Organisations can build their own payment solutions and digitise any currency to create so-called “stablecoins”, which are pegged to physical currency.

The COTI network is based on seven key elements of operating an effective payment infrastructure:

COTI was co-founded by Samuel Falkon, vice president of business development at COTI Group and chief revenue officer at online payment service provider Paywize, a COTI subsidiary that offers merchant credit card processing. Falkon is also the founder of Israel-based management consulting firm Gil Scott. COTI co-founder David Assaraf also co-founded Israel-based fintech start-up Frequants.

Developers at COTI are working in partnership with their peers at the Cardano blockchain and ADA cryptocurrency. Over the past few weeks it has announced several new partnerships and new merchants for the ADA Pay digital payment platform.

In December 2021, it announced a partnership with ADA Handle, an NFT-powered naming solution for the Cardano wallet address, in which the pair will “explore the possibility of allowing support for Handle address resolution directly within their ADA Pay platform”.

Later in December 2021, it was partnering with AdaSwap, an ecosystem aiming to establish the first decentralised exchange on the Cardano network.

Which products support COTI? 

	Send/Receive	Trading
Coinbase	✔	✔
Pro	✔	✔
Wallet	✖️	✖️

What regions support COTI? 

	US	NY	CAN	EU	UK	IE	DE	SG	JP
Coinbase	✔	✖️	✔	✔	✔	✖️	✖️	✖️	✖️
Pro	✔	✖️	✔	✔	✔	✖️	✖️	✖️	✖️
Wallet	✖️	✖️	✖️	✖️	✖️	✖️	✖️	✖️	✖️

Crypto to fiat trading pairs

	US	UK	EU
USD	✔	✖️	✖️
GBP	✖️	✖️	✖️
EUR	✖️	✖️	✖️

Crypto to crypto trading pairs 

	USDC	BTC	ETH	USDT
COTI	✖️	✖️	✖️	✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for COTI?

COTI requires 35 network confirmation. Learn about transaction confirmations.

Which blockchain network hosts COTI?

COTI is hosted on COTI and Ethereum. Note: Coinbase currently only supports COTI running on the Ethereum blockchain (ERC-20).

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001 COTI

Maximum: 1,141,553 COTI

By Coinbase , Nicole Willing

• Harvest Finance is a yield aggregator on Ethereum, Binance Smart Chain, and Polygon. The platform helps users to maximize the returns on their assets by depositing in various projects across the DeFi ecosystem.
• The platform allows users to stake their assets in the Harvest Finance vaults, while the protocol executes various yield farming strategies on their behalf, and receives staking rewards in return.
• FARM is Harvest Finance’s native utility token and is used in the following functions:
  • Staking: Users can earn FARM tokens as performance fee rewards when they stake their FARM tokens in the profit sharing pools.
  • Liquidity mining: Users can provide liquidity to LPs on other DEXs to earn liquidity mining rewards (i.e. SushiSwap) and a share of the DEX transaction fees. Users can further stake LP tokens in the Harvest Finance vaults to earn liquidity incentives paid in FARM.
  • Governance: FARM token holders can create and vote on governance proposals.
• Harvest Finance consists of the following major components working in conjunction:
  • Performance fee sharing: Users that stake FARM in the profit sharing pools are entitled to a performance fee taken from the yield farming strategies. The fees are used to buy back FARM tokens from the open market and rewarded to users that are staking FARM.
  • Auto-compounding: FARM tokens distributed to users are automatically collected and re-staked in the profit sharing pool to improve their returns. iFARM is issued as deposit receipt for auto-compounding, and it is an interest bearing FARM token.
  • fCASH: Enables users to take a loan without needing to sell iFARM. Users provide iFARM as collateral in return for fCASH, which can be swapped to stablecoins (i.e.USDC).
  • AmpliFARM: It is a token that is only rewarded in BSC pools, and it can be claimed immediately at 1:1 bFARM ratio or up to 4.18x depending on the staking period.
• The project took a fair launch approach, there were no pre-mine or investors. Instead, newly minted tokens are released and distributed weekly.
• As at August 11th 2021, the total supply of FARM is 639,925 and the current circulating supply is 606,355 (~94.75% of the total token supply).
• Learn more about the token distribution of FARM here.

What products support FARM? 
  Send/Receive Trading Coinbase            ✔      ✔ Pro            ✔      ✔
Wallet            ✔      ✖️

What regions support FARM?

	US	NY	CAN	EU	UK	DE	SG	JP
Coinbase	✔	✔	✔	✔	✔	✖️	✖️	✖️
Pro	✔	✔	✔	✔	✔	✖️	✖️	✖️
Wallet	✔	✔	✔	✔	✔	✔	✔	✖️

Crypto to fiat trading pairs

	US	UK	EU
USD	✔	✖️	✖️
GBP	✖️	✖️	✖️
EUR	✖️	✖️	✖️

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs

	USDC	USDT	BTC	ETH
FARM	✖️	✔	✖️	✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for FARM?

FARM requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts FARM?

FARM is hosted on Ethereum.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000010000000000

Maximum: 2,500

By Binance and Coinbase

Rarible is a software allowing digital artists and creators to issue and sell custom crypto assets that represent ownership in their digital work. 

Of note, Rarible is both a marketplace for those assets, as well as a distributed network built on Ethereum that enables their trade without a middleman.

The tokens that creators generate on Rarible are known as non-fungible tokens (NFTs). Each NFT is unique, and unlike bitcoins (or other units of money), they are not interchangeable. This property is known as fungibility, which is why tokens on Rarible are called non-fungible. 

The first and best known example of NFTs is CryptoKitties, a game where virtual cats could be bought and sold. These NFTs could even “breed” with one another to create new cats with different attributes represented in their NFTs.

However, Rarible is proof NFTs have since grown beyond virtual cats. Examples of NFTs found on Rarible’s marketplace include digital artworks, memes and even parcels of virtual land.

Central to the platform is RARI, Rarible’s cryptocurrency. By owning RARI tokens, users can vote on proposals that affect the platform, moderate creators and curate featured artwork.

Who Created Rarible?

Rarible is a company founded by Alex Salnikov and Alexei Falin and based in Moscow. Salnikov has worked in cryptocurrency since 2013, while Falin previously co-founded a marketplace for digital stickers that can be used on chat platforms, according to his LinkedIn profile. 

In 2020, Rarible raised its first round of funding from the New York-based venture capital firm CoinFund, which has been one of the firms that is most confident about the growth of NFTs. 

It argues that NFTs represent a new way to own digital content, and that digital content will be a massive market in the years to come. 

How does Rarible Work?

Rarible is a marketplace aiming to link sellers (typically content creators such as digital artists, model creators or meme makers) with buyers who can select pieces they wish to purchase.

To turn their work into an NFT, creators must first “mint” a token using Rarible’s software. To do so, they fill out a form on the website and attach their image and other data, such as a listing price, that represents their work. 

The Rarible platform then creates a new token on the Ethereum blockchain. Similar to other tokens on Ethereum, the NFT can be transferred between wallets using Rarible’s software.

Rarible leverages the Ethereum blockchain to embed within an NFT’s code the full history of its owners and transactions. Of note, when a transaction goes through, both the buyer and the seller have to pay transaction fees that go to the Rarible network. 

Royalty payments

One interesting feature of NFTs is the ability to program royalties, or the rights to future cash flows, within these assets. This means that creators on Rarible can set a percentage of future sales and collect them automatically by issuing a token.

This is a major feature drawing creators to this technology, because unlike with traditional content platforms, NFTs can be designed to pay out royalties immediately. 

For instance, if a piece of digital art listed a 10% royalty, the creator would receive 10% of any consequent sale of that art.

Which products support RARI? 

	Send/Receive	Trading
Coinbase	✔	✔
Pro	✔	✔
Wallet	✔	✖️

What regions support RARI? 

	US	NY	CAN	EU	UK	DE	SG	JP
Coinbase	✔	✔	✔	✔	✔	✖️	✔	✖️
Pro	✔	✔	✔	✔	✔	✖️	✔	✖️
Wallet	✔	✔	✔	✔	✔	✔	✔	✖️

Crypto to fiat trading pairs

	US	UK	EU
USD	✔	✖️	✖️
GBP	✖️	✖️	✖️
EUR	✖️	✖️	✖️

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs 

	USDC	BTC	ETH	USDT
RARI	✖️	✖️	✖️	✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for RARI?

RARI requires 35 network confirmation. Learn about transaction confirmations.

Which blockchain network hosts RARI?

RARI is hosted on Ethereum. 

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001 RARI

Maximum: 6,050 RARI

By Kraken and Coinbase