The RMRK Association announced this week that the $RMRK token, the utility and governance token of an NFT protocol, is now available for purchase on Kucoin and Gate.
The association said it is the very first Statemine fungible token to be available for trading globally. Statemine is a public-good parachain on the Kusama network, Polkadot’s canary network, designed to be the canonical balance-keeper of thousands of different fungible and non-fungible tokens. The RMRK Association also said it is the first such token to become globally tradable through CEXs.
$RMRK’s features include being a metaverse currency, staking ability to mine resources in a Play to Earn metaverse and sponsorship to go carbon negative during the NFT minting process. It also facilitates the governance of fees, commissions and stakelocks; fosters the curation and verification of fellow artists on the Singular marketplace and can serve as collateral in DeFi.
The token was given away in a fairdrop to buyers of NFTs during April’s and May’s NFT sale, and is 89 per cent in the hands of the community, the association said. The team is keeping five per cent for two years while all other holders being unlocked on day one.
The RMRK protocol is a system of NFT Legos which allows developers and designers to build composable and multi-resource NFTs which are multi-chain by default by virtue of being launched on Kusama, the center of a multi-chain universe. They can also be equipped with additional features. The NFTs can visually change based on other NFTs they own, but these NFTs are also eternally liquid and forward-compatible in that they can be made “equippable” by unrelated future projects that aren’t even planned yet.
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