SuperRare (RARE) is a platform that has proven itself as a leading NFT marketplace by prioritizing high-quality digital art and offering unique features that benefit both artists and collectors. With a robust governance structure, experienced leadership, and innovative use of Blockchain technology, SuperRare continues to attract a growing community of artists and art enthusiasts. The platform’s focus on decentralization and fair compensation for creators and collectors positions it as a significant player in the evolving world of digital art and NFTs. In this article, you can find answers to two frequently asked questions: what is SuperRare (RARE) and how to buy SuperRare (RARE) with TRY.
What is SuperRare (RARE)?
SuperRare is a leading NFT marketplace specializing in digital artworks created by renowned artists and content creators. Unlike other NFT marketplaces that focus on quantity, SuperRare emphasizes high-quality art, setting it apart in the crypto art market. The platform is dedicated solely to art-focused NFTs, avoiding 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 serve as CEO, CTO, and CPO, respectively. The trio 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. Key members of the governance council include Nick Tomaino, Derek Schloss, Serena Tabacchi, Simon Pop, and Pindar Van Arman.
Built on the Ethereum Blockchain, SuperRare enables 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 sale. 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, it offers a secondary market for users to bid on NFTs not currently listed for auction.
SuperRare addresses centralization issues by offering 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 the network fees from which these commissions are derived.
In 2021, SuperRare launched the network’s main governance token, RARE coin, through a decentralized autonomous organization (DAO), playing a significant role in the platform’s governance. The coin facilitates decision-making processes and community participation in the platform’s development and operations. This decentralization empowers users and ensures the platform evolves according to the community’s needs and preferences.
How to Buy SuperRare (RARE) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy SuperRare (RARE). On Binance TR, where an account can be quickly created, over 100 cryptocurrencies, including RARE, can be bought and sold. To buy SuperRare (RARE) with TRY on Binance TR, you can follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, email/sms verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through 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.” After this step, you will need to 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, you can click on “Copy URL” to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, continue by tapping on the “Identity” option first.
Then a screen like the one below will open. To continue the verification process, first select the document type that suits you best.
After selecting the document type, you can continue by tapping on “Upload Front Side.” After taking a photo of the front side of the document according to the document type you selected, tap on “Upload Back Side” and take a photo of the back side of the document and upload it. Make sure the images are clear and the information in the photos you take is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. After the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps accurately and completely, 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 all banks. You can deposit TL 24/7 and transact seamlessly from your 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, first 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.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now all you need to do is use the information shown on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
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 the deposit process, you can proceed to the TL to RARE coin purchase step by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the following page will open. On the right side of this page, you can go to the TL to RARE purchase page by typing “RARE” in the search box and clicking on the RARE/TRY option from the results.
Now the following RARE trading page will open. On this page, you need to enter the price at which you want to buy RARE in the first box marked with a red box and the number of RARE you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy RARE” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users are supported by Binance’s core functionalities, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
