What Is DappRadar (RADAR)?

DappRadar is a Dapp store where users can trade everything from DeFi to NFTs and gaming. The whitepaper describes DappRadar (RADAR) as an architectural platform of traditional app stores coupled with metrics used particularly for Dapps like wallets, floor pricing, and transaction volumes. These Dapps are set up according to the app store discovery system (the way phones have app stores and list different apps). 

Thus, the platform works with the mission of providing data accuracy and market intelligence to users with several facilities like token swap, NFT, Dapps, portfolio management, etc. 

This is done because people are accustomed to the app store discovery system due to their smartphones. That helps move a step closer to fulfilling DappRadar’s aim of being a simple mass-market platform. Additionally, the platform aims to be a source of gaining traffic for Dapps and where Dapp developers acquire crypto-savvy users. Also, developers who fare well on Dapp rankings seek to gain credibility and receive more traffic to their Dapps.

RADAR is the native token of DappRadar that enables users to contribute directly to DappRadar and participate in building the platform’s future. Intending to popularize decentralization and Web3 adoption, contributors, curators, and creators earn RADAR tokens for supporting the growth of DappRadar. The token is designed to be exchanged on the Web3 network of DappRadar. Web3 is the next level of the internet which will be based on decentralization. 

The RADAR token aims to reward users for their contribution, participation, and curating. Taking a cue from the play-to-earn technique of gaming platforms, DappRadar has introduced the term contribute-to-earn, which rewards users for actively contributing to the network. 

RADAR gives holders premium access to the exclusive content of the DappRadar platform. Additionally, the token is used for governance, voting, and influencing purposes. Soon, RADAR tokens are intended to be used for paying for DappRadar service. 

History of DappRadar (RADAR)

As per the whitepaper, DappRadar was founded by Skirmantas Januskas, the current CEO, and Dragos Dunica, the current CDO. Patrick Barile is the COO of the platform. The maximum total supply of RADAR tokens is 1,000,000,000 coins.