SuperRare (RARE) has established itself as a prominent NFT marketplace that focuses on high-quality digital art and offers unique features for artists and collectors. It has gained popularity due to its strong governance structure, experienced leadership, and innovative use of Blockchain technology. SuperRare has attracted a growing community of artists and art enthusiasts by prioritizing decentralization and fair compensation for creators and collectors. In this article, we will provide answers to two frequently asked questions: what is SuperRare (RARE) and how to buy SuperRare (RARE) with TRY.
What is SuperRare (RARE)?
SuperRare is a leading NFT marketplace that specializes in digital artworks created by renowned artists and content creators. Unlike other NFT marketplaces that focus on quantity, SuperRare distinguishes itself by emphasizing high-quality art. The platform is solely dedicated to art-focused NFTs and does not include digital game assets, domain names, or music-related listings. Artists on SuperRare have the ability to create, tokenize, buy, sell, or hold unique artworks with options for auction or fixed-price sales.
SuperRare was founded by John Crain, Charles Crain, and Johnathan Perkins, who hold the positions of CEO, CTO, and CPO respectively. This trio also co-founded Pixura, a company that developed the cryptocurrency collection technology powering SuperRare. The platform operates under a governance council that manages the Community Treasury through a multi-signature wallet. Notable members of the governance council include Nick Tomaino, Derek Schloss, Serena Tabacchi, Simon Pop, and Pindar Van Arman.
Built on the Ethereum Blockchain, SuperRare enables the minting, trading, and verification of NFTs. As a non-custodial platform, NFTs listed for sale are locked in smart contracts and only released upon purchase. Similarly, buyers’ funds are secured by smart contracts, ensuring secure transactions. SuperRare operates on a timed auction model, where each auction starts with a reserve price that bids must meet. Additionally, it offers a secondary market for users to bid on NFTs that are not currently listed for auction.
To address centralization issues, SuperRare provides independently operated SuperRare Spaces. Content creators on the platform benefit from a 10% loyalty fee on each peer-to-peer sale of their work. Additionally, a collector’s commission pays 1% to the first collector when an NFT is resold. This commission decreases by 40% with each resale until it is exhausted. Both sellers and buyers contribute to the network fees from which these commissions are derived.
In 2021, SuperRare introduced its main governance token, RARE coin, through a decentralized autonomous organization (DAO). This token plays a significant role in the platform’s governance, facilitating decision-making processes and community participation in its development and operations. This decentralization empowers users and ensures that the platform evolves according to the needs and preferences of the community.
How to Buy SuperRare (RARE) with TRY?
For investors in Turkey who wish to buy SuperRare (RARE), Binance TR is the most suitable cryptocurrency exchange. Binance TR allows users to quickly create an account and offers over 100 cryptocurrencies, including RARE, for buying and selling. To purchase SuperRare (RARE) with TRY on Binance TR, follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is a straightforward process. Visit trbinance.com and click on the “Create Account” option. In the first step, you will be required to provide basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information accurately and completely, you will need to verify your email or phone number to confirm the information. Once this process is completed, you will proceed to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a necessary security procedure that must be completed before engaging in cryptocurrency trading and during account creation. You can choose to complete the verification process using your phone or through Binance TR’s official website. Please note that even if you choose to verify through the website, you will still need your phone.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” You will need to scan the QR code that appears using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, you can click on “Copy URL” to have the identity verification address sent to your phone via SMS.
Once you enter the address on your phone or scan the QR code, a screen will open where you can continue the verification process. Select the “Identity” option and choose the document type that best suits you. After selecting the document type, upload clear and readable photos of the front and back sides of your ID card or driver’s license. Finally, take a selfie using your phone’s front camera, ensuring that your face fills the camera area as much as possible.
After accurately and completely following these steps, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from any bank. You can deposit TL 24/7 and seamlessly transact from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits from other banks can also be made 24/7 with FAST for amounts up to 50,000 TL. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on “Deposit” from the drop-down menu. On the deposit page, select your preferred bank. If your bank is not integrated with Binance TR, choose the “Other Banks” option.
For example, if you choose Vakıfbank, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST payment. Use the provided information to transfer the desired amount into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds will automatically be reflected in your Binance TR wallet.
How to Buy RARE Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase RARE coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website. On the resulting page, type “RARE” in the search box and select the RARE/TRY option from the results to go to the TL to RARE purchase page.
On the RARE trading page, enter the price at which you want to buy RARE in the first box and the number of RARE coins you want to purchase in the second box. After entering the amount, click the “Buy RARE” button to complete your purchase.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, launched Binance TR in 2020 specifically for cryptocurrency investors in Turkey. Binance TR, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR provides fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity through the Binance Cloud infrastructure. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs on Binance TR.
Users on Binance TR have access to Binance’s core functionalities, including market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls.
Please note that the information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research.
