After going through the stage of market frenzy, Chain Games is now much more rational. At present, a number of innovative projects have appeared on the market, including the Crypto Speed Race that integrates NFT, DeFi and games. It brings to the market both the collection properties of NFT, the playability of games and the profitability of DeFi, and also allows users to participate in the new concept of chain games of community governance. According to the latest official news, game-related tokens will soon be Open airdrop presale and online-related activities.
New concepts will usher in a broader space for development, but also bring new challenges. This article will go deep into the model and system of Crypto Speed Race, analyze its gameplay and economic system, see how it is different from the past chain games, and whether it can bring new thinking and direction to this track.
Crypto Speed Race is a 3D NFT battle P2E racing game based on BSC. The image of the racing car is tokenized to allow players to collect, buy, and modify racing cars. As more high-end racing cars are continuously discovered, holding The rarer racing cars participating in the game will also get better liquidity mining income.
The incentive model in DeFi 1.0 is more to attract and encourage the short-term participation of liquidity miners. It does not form a sticky symbiotic relationship with the protocol, but constantly “digs, sells, and raises” and joins the higher-yielding protocol. Against this background, Crypto Speed Race plans to solve the problems encountered by these DeFi protocols through a new mechanism that integrates the concepts of DeFi, NFT and GameFi.
The competitiveness of Crypto Speed Race in the chain game market is extraordinary
A good chain game is not a game that imitates the Web 2.0 world, but a chain game that combines the characteristics of Web 3.0 and considers it from the user's point of view.
Crypto Speed Race has been laying out the market since last year. NFT allows games to separate assets from games and activates the liquidity of chain game assets. Players can use racing accessories to modify the car, which can increase the production of racing tokens. Different types and levels of props have different bonuses to the production of racing cars. The better the auxiliary equipment, the higher the value of the racing car, and the more interesting the game. In addition, the racing NFT in the game has some unique features:
Uniqueness: All Crypto Speed Race racing NFT works are unique assets, and each racing NFT has an independent contract address to ensure the rights and interests of the NFT in the hands of players.
Indivisible: All NFTs are stored on the blockchain through smart contracts and can only be traded in the form of a whole, which also means that racing NFTs are more like a commodity and have strong liquidity.
Scarcity: The total amount of racing NFTs is constant, coupled with the deflationary nature of the game's own economic model, it will inevitably lead to a situation where the demand for Crypto Speed Race racing NFTs is greater than the supply.
Crypto Speed Race is a BSC-based DeFi protocol that tokenizes the image of racing cars. Its underlying architecture technology is developed by top technical teams from around the world. As more high-end racing cars continue to be discovered in the future, holding rarer racing cars to participate in the game will also get better liquidity mining income.
To put it simply, the goal of Crypto Speed Race is to create a whole-ecological blockchain platform, not a single platform. Its innovation is: it brings a better incentive mechanism.
To introduce more liquidity, Crypto Speed Race introduced new incentive mechanism. In a nutshell, the more tokens that enter the pledge contract, the more rewards the users who participate in the pledge will get, and this high return can offset the price risk caused by token fluctuations. At the same time, it can also help early protocols bring more token application scenarios and more users.
More importantly, the dual currency model of Crypto Speed Race allows the protocol to better deal with the risk of low liquidity in the long run. Cutting-edge innovations and technologies can be combined and interdependent, and finally achieve the effect of "1+1 is greater than 2", and can plan the development stage more comprehensively, from the initial cold-start platform liquidity to a more sustainable long-term growth model.
How to create a sustainable economic model?
No matter what kind of project, the economic model is the focus of investigation, and the Crypto Speed Race is no exception.
Crypto Speed Race combines DeFi and GameFi, which means that whether you buy the main currency CSR from the market to participate in liquidity mining, or buy racing cars in games that will be launched in the future, you will get good returns.
The main reason why it can provide lending functions for long-tail market assets is that Crypto Speed Race has designed a magical mechanism to increase price protection and prevent falls. Taking 0:00 as the settlement point every 24 hours, if the currency price falls by 20% or more, the price insured and stop-fall mechanism will be triggered. That is, all sellers will be charged a 10% punitive transaction tax, and 100% of the U of the transaction tax will be instantly returned to the LP pool to increase liquidity to ensure the stability of the pot price. At the same time, the tokens of the transaction tax will be destroyed and entered into a black hole.
In the game, each transaction will be charged a 1% transaction tax to the easter egg prize pool. When the transaction pool does not generate any transaction for 24 hours, the last trader before 24 hours will receive all the prizes in the prize pool. Taking 2 million transactions per day as an example, a bonus worth 20,000 U will be deposited in the bonus pool every day. If it is not claimed for 30 consecutive days, the bonus will be as high as 600,000 U. This is a very exciting bonus! When it has not been claimed by the trader for more than 30 days, the bonus from the bonus pool will be used to purchase and add LP liquidity.
Such flexible settings not only prevent the output coins from falling into a death spiral, but also reduce the inflationary pressure due to the deflationary attributes brought about by the destruction, and also bring stable attributes to the gold mining system, which is obviously beneficial to the long-term development of the project.
We've seen too many possibilities with Crypto Speed Race. Crypto Speed Race has built a complete blockchain racing game ecosystem, created a collectible racing NFT, and high-yield DeFi mining brings players a game that perfectly matches the value and brand; and now according to official news, the game will be launched soon Token pre-sale and launch, the market has good expectations for the launch prospects of Crypto Speed Race.
As a comprehensive platform of racing sports + games, Crypto Speed Race is not only a combination of NFT, DeFi mining and games, but also a combination of metaverse world and reality. The concept of the metaverse is very big, that is, it can be the digital assets of the original digital world, or it may be the digital mapping of the real physical world, so Crypto Speed Race will also continue to explore and develop in this process.