Rare is a cryptocurrency developed by Rarefied Design Limited for purpose payment and other utilities related to the products developed by Rarefied design limited. The Rare coin has been developed on the xDai Stake blockchain and can be accessed from wallets like Metamask for different purposes. This processing structure makes the coin easily accessible for use while removing the considerable cost associated with transactions. Besides this framework, the cryptocurrency also allows users to earn the RARE coin via the rarify application, a Defi application developed by Rarefied design limited.   

Further, according to the website, the RARE token serves many different utilities within the crypto space defined by the Rarefied Design Limited organization including: 

These utilities of the coin help maintain a sound operational structure within the Rare coin's ecosystem and the network it functions on.     

The Rare platform has been publicly available since March 8th, 2021. Pauly Sun is the founder and CEO of the Rare platform. He has built software products and platforms for client-side applications throughout his career. The other core team members include Martxel Larralde, Roberto Jayerbe, Will Heart, Caroo, and Negan. The coin of the platform has a maximum supply of 36,500 RARE.