- $RARI token needs to be used inside rarible.com for everyone including traders(users), artists and even $RARI token holders.
- Users could get x% discounts by paying in $RARI token.
- This token utility model has already used pretty much in centralized exchanges like Binance, FTX, and it’s been working well so far. (proven model in crypto markets)
We know many of centralized Exchanges (for example, Binance, FTX, Huobi, OKEx, etc), have their native tokens with utilities.
The most common utility of exchange token is that, it allows users to receive discounts when paying for their trading fees. This is very reasonable since it gives benefits its governance participants(token holders) and practical exchange users at the same time.
So, if we apply this to rarible.com, Let’s say, $RARI holders could pay the platform service fee using $RARI token with 20-50% discount. This way, we could also encourage artists and traders to have $RARI and use it in rarible.com platform naturally.
This is not what centralized NFT marketplace do without their native token. I hope RARI governance consider this as one of the significant utilities for the future of rarible.com.
Please feel free to share your idea and opinion so that we could find the best solution.