SuperRare (RARE) has established itself as a prominent marketplace for NFTs by prioritizing high-quality digital art and offering unique features that benefit artists and collectors. The platform’s strong governance structure, experienced leadership, and innovative use of Blockchain technology have attracted a growing community of artists and art enthusiasts. SuperRare’s focus on decentralization and fair compensation positions it as a key player in the evolving world of digital art and NFTs. This article provides answers to two commonly asked questions: what is SuperRare (RARE) and how to buy SuperRare (RARE) with TRY.
Contents
1. What is SuperRare (RARE)?
2. How to Buy SuperRare (RARE) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify an Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy RARE Coin with TL on Binance TR?
7. What is Binance TR?
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 prioritize quantity, SuperRare stands out by focusing on high-quality art. The platform exclusively deals with art-focused NFTs and avoids digital game assets, domain names, or music-related listings. Artists on SuperRare can create, tokenize, buy, sell, or hold unique artworks with auction or fixed-price sale options.
SuperRare was founded by John Crain, Charles Crain, and Johnathan Perkins, who currently serve as CEO, CTO, and CPO, respectively. These three individuals were also co-founders of Pixura, a company dedicated to developing the cryptocurrency collection technology that powers 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.
SuperRare is built on the Ethereum Blockchain, enabling 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 safe transactions. SuperRare operates on a timed auction model, where each auction starts with a reserve price that bids must meet. Additionally, the platform offers a secondary market for users to bid on NFTs that are not currently listed for auction.
To address centralization concerns, SuperRare offers 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 network fees, from which these commissions are derived.
In 2021, SuperRare launched 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 development and operations. This decentralization empowers users and ensures that the platform evolves according to the community’s needs and preferences.
How to Buy SuperRare (RARE) with TRY?
For investors in Turkey looking to buy SuperRare (RARE), Binance TR is the most suitable cryptocurrency exchange. Binance TR allows for quick account creation and offers over 100 cryptocurrencies, including RARE, for buying and selling. To buy 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 easy. Go to trbinance.com and proceed from the “Create Account” step. In the first step, enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the required information accurately, complete the email/sms verification to confirm the information. Then proceed to the second step, 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 starting cryptocurrency trading and during account creation. You can choose to complete the verification process through your phone or Binance TR’s official website. Note that you will need your phone even if you choose to verify through the website.
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.” Next, scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, 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 document type that suits you best, and then upload the front and back sides of the document. After that, take a selfie using your phone’s front camera. Ensure that your face fills the camera area as much as possible. After completing all the steps accurately, 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 various banks. You can deposit TL 24/7 and transact seamlessly from Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits from other banks can be made 24/7 with FAST 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 and follow the instructions to make the transfer.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet in your Binance TR account.
How to Buy RARE Coin with TL on Binance TR?
After completing the deposit process, you can proceed to buy RARE coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website. On the buy-sell page, search for “RARE” in the search box and select the RARE/TRY option from the results. Enter the desired price and quantity of RARE coins and click the “Buy RARE” button to complete the purchase.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, launched Binance TR in 2020 to cater to cryptocurrency investors in Turkey. Binance TR, based in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services, leveraging Binance’s technology, security measures, and liquidity provided 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 via Binance TR.
Users on Binance TR have access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities.
Disclaimer:
The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks. It is recommended to conduct thorough research before making any investment decisions.
