RMRK.app (RMRK) is a cryptocurrency token that supports the RMRK NFT protocol, which revolutionizes non-fungible tokens (NFTs) by enabling advanced features such as nesting, composable, emotable, and soulbound NFTs. The token allows users to stake and earn in-game currency, trade NFTs on secondary markets, and participate in the ecosystem.
The RMRK token is a governance, staking, and collateral token used within the RMRK ecosystem. It has several key uses:
Governance: Token holders can participate in decision-making processes for the project's development and growth.
Staking: Tokens can be staked to mint official whitelabel NFTs or turn NFTs into DAOs. They can also be used as collateral on DeFi platforms and for bridge collateral to support non-substrate external chains.
Currency of Metaverse Projects: RMRK tokens are used as the currency within metaverse projects, facilitating transactions and interactions.
Token Generation Event: Tokens will be used in the Token Generation Event once the statemint chain becomes permissionless.
Staking for In-Game Currency: RMRK tokens can be staked to earn SILA, an in-game currency used in Skybreach for various actions.
Trading NFTs: Tokens can be used to trade NFTs on secondary markets, such as Singular.
To store RMRK tokens, you can use several options:
Polkadot.js: This is a recommended method, especially for users familiar with the Polkadot ecosystem. You can store your RMRK tokens on Kusama's Statemine parachain using Polkadot.js.
Nova Wallet: This wallet supports RMRK tokens and allows you to store them securely. However, you might need to bridge your tokens to the proper chain to ensure smooth transactions.
Other Wallets: You can also use other wallets that support the Polkadot ecosystem and the Statemine parachain. Ensure that the wallet you choose is compatible with RMRK tokens and allows for safe storage and transactions.
- RMRK Bridge: The RMRK team provides a bridge tool that enables you to swap and transfer your RMRK tokens across different chains. This tool can be helpful if you need to move your tokens between chains.
Remember to always follow security best practices when storing and managing your cryptocurrency tokens.
To buy RMRK.app (RMRK) tokens, you can follow these steps:
Choose a Reliable Exchange:
- Centralized Exchange (CEX): You can buy RMRK tokens on Gate.io, which is the only CEX currently supporting RMRK tokens.
- Decentralized Exchange (DEX): Alternatively, you can use decentralized exchanges like Uniswap (on Base) and Stellaswap (on Moonbeam).
Set Up Your Wallet:
- Trust Wallet: Download and set up a Trust Wallet, which supports both Ethereum and Substrate networks.
- Other Wallets: You can also use other wallets like Metamask and Nova Wallet, but ensure they support the network you want to hold your RMRK tokens on.
Buy Base Currency:
- ETH: If using a DEX, buy Ethereum (ETH) as your base currency. You can do this on Binance and then transfer it to your wallet.
Transfer to DEX:
- Connect Wallet: Connect your wallet to the chosen DEX. For example, if using Trust Wallet, connect it to 1inch.
Swap for RMRK:
- Select RMRK: Choose RMRK as the coin you want to acquire, and select ETH as the payment. Complete the swap.
Manage Your Tokens:
- RMRK Bridge: If you have old xcRMRK tokens, use the RMRK bridge tool to swap them for the new RMRK tokens on supported chains.
- Chain Selection: You can hold and transfer RMRK tokens across various chains, including Kanaria and Skybreach lands.
Remember to stay safe and only use official channels for transactions. The RMRK team will not contact you directly or ask for your private keys.
