AGOV Token: Everything You Need To Know
The AGOV Token is a governance token mainly used to determine the operating policies of ClubRare. It can also be used to trade ClubRare’s luxury, limited NFT’s.
In this article, we will explain what ClubRare is, what a governance token is, and what the ClubRare Universe is.
Klaytn Contract Address: 0x588c62ed9aa7367d7cd9c2a9aaac77e44fe8221b
White Paper: Link
What is ClubRare?
ClubRare is a luxury limited-items NFT marketplace deployed on the Klaytn and (soon to be) Ethereum Blockchains that allows owners of premium collectibles, such as handbags, watches, sneakers and other hard-to-find merchandise, to issue a Non-Fungible Token linked to the physical item.
Moreover, ClubRare opens the opportunity for collectors to bid on the NFTs dropped in the marketplace. Then in case of auction winning, they are given the NFT representing the physical item.
ClubRare’s model provides exposure to premium and rare items, the convenience of NFTs, and liquidity to collectors.
What is a Governance Token?
A governance token gives its holders the right to vote on changes to the smart contracts of the protocols that issue them. Some governance token holders also earn protocol fees, trading fees, or other dividends, including those issued by decentralized exchanges (DEXs) like KLAYswap.
However, as their issuers have regularly stated, governance tokens have no intrinsic value. Nevertheless, they remain very attractive to many users, which has led to a sharp rise in the price of a number of these tokens. This is particularly the case of AGOV, the governance token of the ClubRare Universe.
What is ClubRare Universe?
ClubRare Universe is an ecosystem that ClubRare builds with its community members to create a collector-centered world.
Just as Web technology is being built on the philosophy of returning internet ownership to individuals, ClubRare is poised to change the future of distribution into a consumer-centered ecosystem.
In other words, ClubRare will create a new type of commerce ecosystem in which collectors play a pivotal role and the communities created, according to their interests, have the power, and directly connect to brands.
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