SuperRare

RARE launched in August 2021 at the tail end of the NFT boom of 2020/2021. It rose sharply at launch, from 58 cents on August 17 to $3.12 on August 28. After a lull of about two months, RARE hit its all-time high of $3.64 on October 11 in a single-day spurt. The token fell to $1.89 five days later and gradually sank over the next seven months, falling as low as 13 cents on May 12, 2022.

SuperRare launched RARE as an Ethereum ERC-20 token with a maximum supply of 1 billion. Nintey days after it started trading, those who had used SuperRare could claim some of the 150 million RARE tokens distributed in a retroactive airdrop. The community treasury, governed by the SuperRare decentralized autonomous organization (DAO), was awarded 100 million RARE at launch and will receive a further 300 million over the next four years.

The founding team and core contributors received 255 million RARE, and investors received 145 million RARE. These tokens were subject to a three-year vesting period; distributions start in August 2022. A final 50 million RARE tokens were earmarked for future contributors and partners.