- Summary:
- DappRadar announced plans to introduce their native token, RADAR. A key pillar of its plan to decentralize their business in future.
DappRadar announced plans to introduce their native token, RADAR. This is a critical pillar of the application’s plan to decentralise their business in future. This was at an event that happened in the Somnium Space on 25th November 2021.
Since its launch in 2018, DappRadar has seen tremendous growth as it’s now the global Dapp Store and focuses on an ecosystem led by the community. Currently, it has 4 million individual users and 8,300 dapps across 27 protocols. In addition, DappRadar has its portfolio management suite that enables it to offer an all-inclusive user experience to dapp clients. The portfolio enables dapp users to react to market movements using token swaps and harmoniously analyse and track assets and applications.
Dapp store’s motive behind introducing the RADAR token is to be a community-directed project with a self-sufficient ecosystem inside the Web3 infrastructure and decentralisation’s future.
RADAR ensures the potential for excellent governance in the DappRadar ecosystem, based on transparency, publicly available statistics and metrics. The platform also makes multi-chain dapp discovery easy, data-led, and focused on actionable insights whilst making it possible to scale the dapp store. RADAR holders who contribute and are involved within the DappRadar ecosystem will be appropriately rewarded, with the platform releasing further details later via official channels.
DappRadar was created with the primary intention to offer accessible information and tools to blockchain users and to further decentralisation. In an environment that changes rapidly, filtering for useful dapps can be an uphill task for users, most notably when investing and trading is involved. DappRadar has a sound data analysis system that allows clients to manage their portfolios and track dapps based on token volume, active clients and transaction activity, enabling them to identify the most valuable dapps.
After the successful launch of RADAR, its clients will be involved in the decision-making process, making them the key to the DappRader platform.
Skirmantas Januškas, DappRadar’s co-founder and CEO, said that:
We built DappRadar around decentralised apps, Decentralization stands at the very core of our success, and it’s only right to take it to the next level — true decentralisation of DappRadar. Bringing the community closer is the only way to keep ahead of the curve and remain successful in the years to come.”