The emergence of Ethereum revolutionized the crypto market, paving the way for the development of decentralized applications (dApps). DappRadar (RADAR) is a platform dedicated to offering valuable insights into the world of dApps. By providing comprehensive data and analytics, DappRadar aims to enhance transparency and empower users in navigating the rapidly evolving landscape of decentralized applications.
What is DappRadar
DappRadar is a blockchain-based platform that offers accurate and timely dApp market data and statistics. With a mission to combat misleading information, DappRadar offers users a reliable and comprehensive market data aggregation site.
DApp data provided on DappRadar are presented in rankings and portfolios, depending on the type and nature of the dApp. The platform also provides information about non-fungible tokens (NFTs) and the greater decentralized finance (DeFi) market.
The DappRadar team
DappRadar was founded by Skirmantas Januśkas and Dragos Dunica, who both serve as CEO and CDO, respectively. The blockchain-based project also has experienced crypto and blockchain expert Patrick Barile (COO) as part of the founding team. DappRadar is backed by some of the foremost venture capital firms in the industry, such as Blockchain Ventures, Nordic Ninja, and Prosus Ventures.
How does DappRadar work
DappRadar operates through a user-friendly website that is both simple to navigate and completely free to use. Its accessibility has positioned it as an indispensable tool for traders eager to gain deeper insights into the emerging dApp market. With its global focus and decentralized nature, the DappRadar app brings numerous advantages to its users.
One of the key strengths of DappRadar is its flexibility. Users have the ability to effortlessly and securely track over 3,000 dApps across a wide range of blockchains. Additionally, the platform offers a portfolio tracking feature that empowers users to monitor their daily gains, losses, and a general view of their holdings.
DappRadar’s native token: RADAR
Launched in 2021, RADAR is the project’s native token. It was designed to grant users access to all of the platform’s exciting features. RADAR also serves as a reward token to be proportionally shared amongst community members for their contribution towards the platform’s growth.
Additionally, RADAR is the foundation for the DappRadar decentralized autonomous organization (DAO) ecosystem, acting as a governance token.
RADAR tokenomics
The total supply of RADAR tokens is 10 billion, adhering to the ERC-20 standard on the Ethereum blockchain. RADAR aims to foster community engagement and provide incentives for active participation, ensuring a vibrant and sustainable ecosystem for all stakeholders.
How to stake RADAR
Staking is an important aspect of the DappRadar ecosystem. It allows token holders to earn specific rewards for locking funds for a period. You can stake RADAR either as a regular member or as a PRO member, which means that you have the option to commit a minimum of 5,000 and 30,000 RADAR, respectively.
To get started, visit the DappRadar website. Go to the “Staking” tab and choose a preferred membership option. Connect your wallet to the network, select the amount of RADAR to be staked, and finalize the process. Once completed, you can begin earning rewards as a DappRadar member.
RADAR use cases
RADAR grants holders access to platform features, serves as a payment for transactions, allows developers to build apps, and offers voting rights in the ecosystem.
RADAR distribution
RADAR is distributed as follows:
- 40 percent was allocated to loyal community members.
- 25.25 percent was set aside for the DappRadar team and shareholders.
- 24.75 percent went to the DappRadar treasury, which covers development, fundraising, partnerships, and marketing expenses.
- 10 percent was distributed during the initial airdrop.
The future of DappRadar
DappRadar is dedicated to ensuring the sustainability of its platform by consistently delivering valuable and accurate market metrics to developers, users, and stakeholders in the emerging dApps market. By providing in-depth insights, charts, statistics, and data, DappRadar aims to be a reliable and trusted source of information. The platform also strives to continually adapt to market trends and enhance its services, ensuring its relevance and usefulness over the long term.
