Powering The
NFT Market
Data, ratings and appraisals for the NFT asset class.
Featured Press
NFTs are revolutionary, but we can't value them
In the next 5 years, trillions of dollars in assets will be digitized via NFTs. However, there is no universal way to identify, describe or value these kinds of assets.
The Rate Network Will Power NFT Markets
We are building the first network dedicated to data, ratings and appraisals for the NFT asset class.
These data sources and valuation methods can be used across a wide variety of use cases in financial markets, collectibles, art, gaming, and even real-world assets.
Rate Data Sources
Network Technology
Validator Nodes
Node operators are rewarded with RATE in exchange for providing hardware infrastructure and guaranteed uptime to the network.
Network participants who wish to earn RATE without running a validator node can stake their RATE with high-performing nodes to earn a share of rewards.
The RATE Token
RATE is the utility token used to secure interactions throughout the Rate Network. This utility token enables staking-driven participation in the network and limits malicious behavior by incentivizing contributors and punishing bad actors.
RATE supports the following network actions:
- Payment rewards to data providers for contribution to the network
- Participation in the delivery of data as a validator node
- Data consumption by dapps, marketplaces and smart contracts
- Governance of future network decisions
RATE Token Use Cases
Three ways RATE can be used across the network
As a Node Operator
750k to 2M Staked RATE
Node operators stake RATE tokens to ensure good behavior by incentivizing accurate data and node availability. Node operators earn RATE when providing data to smart contracts.
As a Data Provider
500k to 1M Staked RATE
Data providers stake RATE to supply data, valuation models or scoring outputs to node operators. In exchange, data providers receive usage fees and priority access to data analysis outputs.
As a Developer
1 - 1000 RATE per request
Smart contracts pay RATE to nodes when requesting data from the network. The type and complexity of the data request determines the cost of each request.
Rate Network Vaults
What is a Rate Network NFT?
A Rate Network Vault allows a user to stake - or lock up - their NFT collectible in a smart contract in exchange for rewards in the form of fungible tokens. Rate Network Vaults create RATE fungible tokens as a reward for vaulting Rate Network NFTs.
A Rate Network NFT is a digital collectible that is uniquely designed to connect to the Rate Network Vault system. As a standalone collectible, a Rate Network NFT is a unique piece of digital art. When paired with the Rate Network Vault system, the NFT becomes a powerful key that unlocks Rate Network tokens.
How do I add my Rate Network NFT to a vault?
Vault Series NFTs can be added to a vault that corresponds to the NFT series (ex: a series IV NFT can be added to a series IV vault). Adding your NFT to a vault is a simple process that involves signing several blockchain transactions using a wallet like MetaMask.
RATE Rewards
Vault rewards depend on the NFT series that is added to the vault. There are several series that each correspond to a reward level. Each vault series guarantees a minimum reward output if the vault is at full NFT capacity.
Each vault series has a maximum capacity based on the number of Rate Network NFTs available during the Initial Vault Sale. In the case that a vault is not at maximum capacity, users who vault their NFTs will equally share the rewards that would have been allocated to the maximum vault capacity. This means that reward output may be far greater than the guaranteed minimum.
Claiming Vault Rewards
A user can collect rewards created by a Rate Network Vault at any time by unstaking their NFT and claiming the rewards earned to date. This allows users to accrue a reward balance over time and withdraw rewards at their convenience.
