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Grammy Award-Winning Artist Releases $RAC Ethereum Token

Andre Anjos, a Portland performer otherwise called RAC to his fans, has dispatched another network token called $RAC.

Specialists like Anjos have since quite a while ago hosted to depend on third get-together mediators like stages and operators to get by in an unforgiving industry. Like different enterprises in the crypto space, there is an interest for more noteworthy individual authority over funds in the craftsmanship business. Furthermore, presently, tokens like $RAC will assist with advancing that self-governance for specialists.

“I’ve been fascinated with crypto for years and its applications beyond currencies, and believe that it can create a new paradigm for creative ownership directly between artists and their communities,” said Anjos, in a blog post.

The new network token is being based on the Ethereum stage. Anjos is additionally working with Zora, a commercial center to purchase, sell and exchange restricted version products dispatched as tokens, since he has confidence in their task


“I share their belief in the new paradigm they are building, and their mission to help all artists and communities take ownership of the value they create,” he added.

At beginning, there will be 10 million $RAC, by far most of which will be circulated after some time to dynamic fans. Purchasing $RAC is absurd, yet the individuals who need to partake in the new token can win their place by means of various strategies.

In the $RAC declaration, Anjos said 25,000 $RAC will be part between 1,545 Bandcamp allies, and another 25,000 $RAC will be part between 219 people that have bought token product.

Also, 200,000 $RAC will be part between 152 existing Patreon allies, and 14,000 $RAC will go to EGO token holders. Not to be forgotten about, 150,000 $RAC tokens will be going to Twitch allies.

Perhaps DeFi can go standard all things considered.

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