Bid on Mocas. Earn $RARI.

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TL;DR:• UPDATE: The Rewards Program is live now! Head to the marketplace to bid and earn $RARI.• Rarible continues its partnership with Mocaverse, a massive Web3 gaming, culture, and entertainment ecosystem.• As part of the new rewards program, you can earn $RARI by bidding on the Mocaverse marketplace. Learn more about the conditions below.• The program will run from September 18 to November 3, 2023.

What’s better than a cute cartoon PFP that makes you part of a massive Web3 gaming, culture, and entertainment ecosystem? A cute cartoon PFP and some $RARI tokens!

Continuing our partnership with one of the largest web3 companies — Animoca Brands — and its Mocaverse project, we’re excited to announce a new collaborative rewards program.

It’s very simple: starting from September 18, you can receive $RARI rewards by making collection bids on the Rarible-powered Mocaverse marketplace, also known as MocaMart.

This rewards program was made possible by the RARI Foundation, an independent organization governed by veRARI (locked $RARI) holders, and its initiative to fund incentives for marketplaces built on Rarible Protocol.

Now let's get to the details.

How to earn $RARI on MocaMart

Essentially, it’s as simple as that: To receive rewards, you must make a collection bid on the Mocaverse marketplace.

The Mocaverse $RARI Rewards Program will run from September 18, 2023 14:00 UTC to November 3, 2023 00:00 UTC with a total of 45,000 $RARI allocated.

Here are some simple rules for this rewards program:

  • The minimum bid requirement is at least 0.75x the floor price. (For example, if the current floor is 1 ETH, you must bid at least 0.75 ETH to be eligible for rewards.)
  • Only bids valid for 5 or more minutes will be counted.
  • A snapshot will be taken every 10 minutes starting from September 18, 2023 00:00 UTC.
  • Top 100 bids within the 10 minute timeframe will accumulate points based on their placement on the leaderboard.
  • Earned points convert to claimable $RARI at 00:00 UTC every 24 hours.
  • When you claim your $RARI rewards, they get automatically locked as veRARI for 9 months.

Participants will be able to see their rewards here once the program is live.

That’s basically it! Oh, we almost forgot to mention that when you lock 100 or more $RARI as veRARI (so you just have to get enough points and the rest is done automatically), you start paying no marketplace fees on Rarible.com and on thousands of Rarible Protocol-powered NFT marketplaces.

If you want to learn more about Mocaverse, visit our blog post. Notably, Animoca Brands just raised $20 million to develop the project, so there is much more to come!

As for now, get ready to make bids on those cute Mocas and check out the MocaMart.