The Rari Governance Token (RGT) is the native token of Rari Capital, a decentralized finance (DeFi) robo-advisor that autonomously earns users yield. It supports the Rari crypto protocol's wide-ranging DeFi investment functionalities and is used for governance, allowing holders to vote on decisions and proposals within the Rari ecosystem.
The Rari Governance Token (RGT) is used primarily for governance and staking fee payments within the Rari Capital ecosystem. As a governance token, RGT holders can participate in the decision-making processes of Rari Capital, influencing the direction and development of the platform. Additionally, RGT is used to pay staking fees, which helps maintain a sustainable supply of tokens by burning them. This mechanism ensures that the token supply remains low. Furthermore, RGT stakers receive discounts on Rari Capital fees, reducing their transaction costs over time.
To store Rari Governance Token (RGT) tokens, you can use any wallet that supports Ethereum, as RGT is an ERC-20 token. Here are some steps to follow:
Choose a Crypto Wallet: Select a reliable crypto wallet that supports Ethereum and RGT. Popular options include Coinbase Wallet, MetaMask, TrustWallet, and Atomic Wallet.
Set up Your Wallet: Create an account, provide your personal information, and set a strong password. You will also receive a Secret Recovery Phrase or Seed Words, which are crucial for recovering your wallet in case you lose access.
Transfer Funds: Once you have purchased RGT, you can transfer it to your wallet. Log into your exchange account, provide your wallet address, and specify the amount you want to transfer. After a brief wait, the funds should appear in your wallet.
Store Long-Term: For long-term storage, consider using a cold wallet, which is more secure as it is not connected to the internet. Hot wallets are suitable for frequent trading, but cold wallets are better for storing large amounts over an extended period.
Manage Your Tokens: You can manage your RGT tokens within your wallet, including buying, selling, and swapping them with other cryptocurrencies.
Remember to always follow best practices for securing your wallet and protecting your private keys to ensure the safety of your RGT tokens.
To buy Rari Governance Token (RGT) tokens, follow these steps:
Choose a Crypto Wallet: Select a reliable crypto wallet that supports RGT, such as Coinbase Wallet, MetaMask, or TrustWallet. Ensure the wallet is compatible with your region and payment method.
Set up your Wallet: Create an account, provide personal information, and set a strong password. Note down the secret recovery phrase or seed words carefully.
Buy a Base Currency: Choose a cryptocurrency exchange platform and buy a base currency like Bitcoin (BTC), Ethereum (ETH), or Tether (USDT). This will be used to trade RGT.
Transfer Funds to your Wallet: Withdraw the base currency to your crypto wallet by providing your wallet address and the amount to transfer.
Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet, such as Uniswap, SushiSwap, or LATOKEN. Compare trading fees and liquidity before making a choice.
Buy Rari Governance Token (RGT): Connect your wallet to the DEX, select RGT, and enter the amount you want to trade. Be cautious of market trends and trading fees.
- If RGT is Not Listed: Use blockchain explorers like bscscan or etherscan to find the smart contract address and manually add it to the DEX if necessary.
Remember to diversify your portfolio and be aware of market risks and scams.
