Rarible

Rarible Airdrop

Team: Alexei Falin, Alexander Salnikov
Category
NFT Marketplace
Status
Archived
Difficulty
Funding
$14.2M
Rating
N/A
Tasks4
No ratings yet

Event Timeline

Rarible marketplace launches

Early 2020

Completed

RARI token generation event

Jul 15, 2020

Completed

Marketplace mining begins

Jul 2020

Completed

Weekly distribution continues

2020 to 2021

Completed

About Rarible

Rarible launched in early 2020 as an NFT marketplace where anyone could mint, list and trade without approval. It arrived well before the 2021 NFT cycle, when the category was small enough that most activity came from a few thousand people.

RARI launched on 15 July 2020 as the first governance token given to the users of an NFT marketplace. What made it unusual was the shape of the distribution: rather than a single retroactive drop, RARI was emitted weekly and split between buyers and sellers on every trade, which is why no single figure captures what it was worth at launch.

Airdrop Stats

First NFT Marketplace Token
75,000 RARI per Week
Split Evenly Buyers and Sellers
Clock
No Single TGE Distribution

How it worked to get the Rarible airdrop

Step 1

Trade on the marketplace

Both sides of a sale earned RARI. Buying and selling counted equally, which is unusual: most programmes reward only one side.

Step 2

Return each week

Emissions were weekly rather than a one off, so consistent activity across weeks accumulated far more than a single large trade.

Step 3

Mint and list your own work

Creators listing pieces participated on the sell side without needing capital to buy.

Step 4

Use it for governance

RARI carried a vote over marketplace parameters, which was the stated reason for distributing it to traders in the first place.

Was the Rarible airdrop worth it?

  • There was no single payday. RARI was emitted weekly and split across every trade, so unlike Uniswap or 1inch there is no headline figure for what a wallet received at launch. Value accrued to people who kept trading.
  • It rewarded both sides of a trade. Paying the buyer and the seller equally was close to unique, and it is part of why wash trading became a problem the team had to address.
  • It was very early. In mid 2020 the NFT market was small. The people who qualified were there roughly a year before the category became widely known, which is the pattern every large retroactive distribution has rewarded.

Rarible Official Links

Official channels, documentation and community for this airdrop:

This airdrop has concluded. It is kept for research rather than participation.

Why we built Airdrop Meta

Why We Built Airdrop Meta

36 million HYPE tokens went unclaimed over a missed T&C signature. That is $1.2 billion lost to a single update, and one of many such cases.

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