RMRK Price

RMRK is a part of Kusama's broader NFT strategy and a way to abuse Kusama's system.

$RMRK is governance, staking, and collateral token launched on the Statemint chain. It will be fairdropped to all current and future Kanaria egg holders.

Services of RMRK:

• NFTs. Each NFT is part of a collection (think of collections like photo albums or "contexts" that combine NFT's into one whole). Each collection and each member NFT have some defined fields and metadata that can enrich their look, feel, and uniqueness
• Polls. A poll can be declared and votes can be issued with chain remarks (special calls built into the tool we've made for this purpose). Additional logic can be added to the processing of these remarks so that poll results are processed differently based on token holdings, user's past chain reputation, and other weighing algorithms, all without needing a runtime upgrade or a smart contract. The Web3 Foundation is using this approach to gauge the sentiment behind the new Polkadot rebranding effort
• Token sales (coming soon). With RMRK, you can define a token sale and pre-allocate your project's token supply based on people's investments without needing smart contracts. While there is indeed no automated distribution mechanic, i.e. the team will have to manually disperse tokens or build an interface for you to claim them, this trust factor is irrelevant since in traditional smart-contract based token sales you also trust the team to do something with the money and bring value to the token you purchased.