π¨π¨Ecosystem
DeFi
Rare Element adopts a unique dual coin system, using FRC to produce REC, FRC as a stable coin, the price will be stabilized at $1, as the common settlement token of Rare Element; using the destruction of FRC tokens to produce REC tokens to stabilize the price fluctuations of REC, to achieve the price stability of the subsequent launch of GameFi.
NFT
In Q3 2023, Rare Element will launch an exclusive NFT as the platform's internal DID as well as a Pass card, with which you can participate in additional platform applications, including DAO organization platform governance, GameFi Early Bird and a new pledge campaign coming soon.
DID
NFT is the ID of Rare Element, and any form of operation, including GameFi, pledge, etc., is based on that NFT.
Hold-To-Earn
Owning an NFT means you have the right to earn tokens forever and receive earnings by pledging them.
DAO
NFT as a DID, holding it means you are eligible, and in addition to ongoing income, you can interact with others in Rare Element, and player interaction is one of the most fun things to do in Rare Element.
GameFi
Rare Element is designed to allow users to build the ideal city-state. The construction of the city-state and the upgrading of player NFT will become a must for players to build Freedom City. Subsequent battles and alliances between city-states will greatly increase players' participation and revenue.
Last updated