{"id":140193,"date":"2021-09-29T21:10:14","date_gmt":"2021-09-29T21:10:14","guid":{"rendered":"https:\/\/precoinnews.com\/?p=140193"},"modified":"2021-09-29T21:10:14","modified_gmt":"2021-09-29T21:10:14","slug":"rmrk-token-the-first-kusama-statemine-token-tradable-on-cexes","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/rmrk-token-the-first-kusama-statemine-token-tradable-on-cexes\/","title":{"rendered":"RMRK Token, The First Kusama Statemine Token Tradable On CEXes"},"content":{"rendered":"<p><span>Zug, 29 Sept &#8211; The RMRK Association announces that the $RMRK token, the utility and governance token of the most advanced NFT protocol created to date, is now available for purchase on Kucoin and Gate.<\/span><\/p>\n<p><span>This is the very first Statemine fungible token to be available for trading globally. Statemine is a public-good parachain on the <\/span><span>Kusama network<\/span><span>, Polkadot\u2019s canary network, designed to be the canonical balance-keeper of thousands of different fungible and non-fungible tokens. RMRK is the first such token to become globally tradable through CEXes.<\/span><\/p>\n<p><span>Some of $RMRK\u2019s many utilities include:<\/span><\/p>\n<ul>\n<li><span>a metaverse currency<\/span><\/li>\n<li><span>staking to mine resources in a Play to Earn metaverse<\/span><\/li>\n<li><span>sponsorship to go carbon-negative during the minting of NFTs<\/span><\/li>\n<li><span>governance of platform parameters like fees, commissions, stakelocks and more<\/span><\/li>\n<li><span>curation and verification of fellow artists on the flagship marketplace <\/span><span>Singular<\/span><\/li>\n<li><span>collateral in DeFi<\/span><\/li>\n<li><span>and more\u2026<\/span><\/li>\n<\/ul>\n<p><span>The token was given away in a <\/span><span>fairdrop<\/span><span> to buyers of NFTs during April\u2019s and May\u2019s NFT sale, and is 89% in the hands of the community.<\/span><\/p>\n<p><span>With the team keeping only 5% for 2 years and all other holders being unlocked on day 1, RMRK is one of the most egalitarian token distributions to date.<\/span><\/p>\n<p><span>Learn more about the token\u2019s full list of utilities, marketcap, and other details on RMRK\u2019s <\/span><span>dedicated token page<\/span><span>.<\/span><\/p>\n<p><span>As a reminder, the RMRK protocol is a system of <\/span><b>NFT Legos<\/b><span> which allows developers and designers to build composable, equippable, multi-resource NFTs which are multi-chain by default by virtue of being launched on Kusama, the center of a multi-chain universe. The NFTs can visually change based on other NFTs they own, but these NFTs are also eternally liquid and forward-compatible in that they can be made equippable by unrelated future projects that aren\u2019t even planned yet.<\/span><\/p>\n<p><span>With RMRK tokens in the hands of the community, the protocol is now truly to NFTs what Ethereum was to Bitcoin &#8211; a paradigm shift that takes a single thing\u2019s single use-case and inifinitely supercedes and augments it.<\/span><\/p>\n<p>Source: <a href=\"https:\/\/usethebitcoin.com\/rmrk-token-first-kusama-token-tradable-on-cexes\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zug, 29 Sept &#8211; The RMRK Association<\/p>\n","protected":false},"author":3,"featured_media":140192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RMRK Token, The First Kusama Statemine Token Tradable On CEXes - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/rmrk-token-the-first-kusama-statemine-token-tradable-on-cexes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RMRK Token, The First Kusama Statemine Token Tradable On CEXes - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Zug, 29 Sept &#8211; 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