DappRadar, the global Dapp store, just launched its native RADAR token. This happened after they unveiled vital features and utilities at an event on 15 December 2021 in the Somnium Space metaverse. The programme will reward the dapp community by not having a pre-sale.
Radar token is based on Ethereum but a leader of multi-chain adoption, DappRaddar intends to link the token to other chains.
The RADAR token will be deposited to the loyal DappRadar partners, long term Dapp users and loyal DappRadar clients. Token reward participation is also being planned for the future.
In its early stages, the RADAR token will offer several options for using the DappRadar platform, including Governance and staking for the DappRadar DAO. RADAR will eventually become an option for purchasing DappRadar services.
The main aim of the token is to bridge the gap between dapp creators, the combination and data indexing services provided by DappRadar and final users to form a community steered dapp store.
DappRadar understands that contribution is a crucial step in creating a decentralised community; hence its users will be allowed to engage in “Contribute2Earn” a mechanism that awards users with RADAR for their contribution.
DappRadar aims to be a one-stop-shop for dapps, just like how mobile app stores work but without rent extraction. Some utilities available are staking and governance, premium features, participation rewards and payments.
DappRadar has led the statistics tool and dapp aggregator since 2018. Paying attention to multi-chain pluralism and community gets over 1 million individuals monthly and nine thousand dapps across 30 protocols. Some of its features are copy-trading opportunities thanks to the ability to track other wallets and Portfolio Tracker, to help users manage the value of their crypto-asset portfolio. DappRadar also offers an NFT Value estimator that helps assess the whole collection past the outdated method of floor value and the NFT and ERC-20 explorer to assist in finding new tokens.