Review RaceFi ($RACEFI) & ($RCOIN) – Welcome to the world’s first racing metaverse game expected to be top 1 trending on Solana!

Metaverse is becoming increasingly popular due to the advance in blockchain gaming. Players prefer to control and interact with their in-game assets and leverage them to monetize their gaming experience. With the help of blockchain technology and cryptocurrency, play-to-earn models are now accessible to players worldwide. The possibilities with a metaverse are limitless: socialize, explore, play games and earn money!

RaceFi will be a complete race-to-earn ecosystem where you can participate in races or own parts of the game and make a profit. All ownable parts of the game are in the form of verifiably owned NFTS.

What is RaceFi?

RaceFi is the first AI/ML car racing game on the Solana ecosystem. Within RaceFi’s metaverse, players can earn money while enjoying different game modes to satisfy their thirst for speed or earn profit by owning in-game assets such as racetrack land, car, garage, gas station, billboard land…. Pure race or Battle race, PvP or PvE, racers or gamblers, the possibilities are endless.

The two main game features are Pure Race and Battle Race. Pure Race includes two game modes: PvP and PvE. In PvE mode, the players will directly drive and control the car, whereas in PvP mode the players will customize their strategic statistics and then the AI system will analyze the result of the race. In terms of Battle Race, the players must upgrade their cars with battle features such as guns and shields. There will be no time limit or no finish line, the players will continue to race and attack each other until there is only one survivor left, and that car will become the winner of the battle race.

To race, players buy gas at a gas station and then enter the race. The total of all the gas bought per race makes up the reward pool. First place wins 50% of the reward pool, second and third place split the second half of the pool. Winnings are paid out in $RACEFI Tokens.

When entering a race, players are presented with the Race Conditions. With this in mind, players select from several options that form their Race Strategy to compete in the race. The race then runs automatically based on the algorithm in the background. Results of the race are determined primarily by how well each racer’s Race Strategy played out, and secondarily by a weighted random algorithm.

https://youtu.be/NZJgVs7hEgM

Outstanding features

What is the project trying to achieve?

The first car racing game on the Solana blockchain.

RaceFi is the first game that integrates the most advanced NFT and DeFi blockchain technology, which will open up a new era for the gaming sector of the Solana ecosystem. RaceFi is developed to provide users with a vast scope of racing alternatives. In particular, Battle Race is a fascinating and intriguing racing mode available only to RaceFi participants.

Incorporate artificial intelligence (AI) and machine learning (ML) into the game.

RaceFi is the first AI/ML integrated car racing game on the Solana ecosystem. The PvP races will run automatically based on the AI algorithm. RaceFi has great potential as we hold the first-mover advantage as a pioneer in this field. The AI system incorporated in the game is developed in-house by our experienced developers.

Unlimited ways to enjoy and earn

Players have the opportunity to participate in many game modes to increase the level of experience and generate economic benefits. We provide two main game features which are Pure Race and Battle Race.

Fascinating game economy system

RaceFi will be a complete race-to-earn ecosystem where you can participate in races or own elements of the game and profit. All of the game’s ownable components are verifiably owned NFTs. Within RaceFi’s game economy, players can make an income while playing multiple game modes to quench their craving for speed, or they can profit by owning in-game property. The team is dedicated to creating the NFT metaverse gaming ecology and intends to establish an economic system that involves possible revenue prospects for participants in the future.

Metaverse operating model

Due to the advancements in blockchain gaming, the Metaverse is becoming increasingly popular. The RaceFi team has gone a long way in building the metaverse with endless revenue potential that can satisfy many different sorts of users, from idea to product development. Players desire to have control over and engage with their in-game assets, which they can then use to monetize their gaming experience. Play-to-earn models are now available to gamers all around the world thanks to blockchain technology and cryptocurrencies. With a metaverse, the possibilities are endless: socialize, explore, play games, and make money!

Council of Players (CoP)

All Players have a stake in the game through the Council of Players, which gives players a chance to take part in the decision-making and operations of the RaceFi platform.

RaceFi team’s vision is to provide players with the most imaginative gaming experience and the most profitable monetization options possible, while also fostering the development of the Solana ecosystem and the widespread adoption of blockchain technologies.

What is the unique selling point?

Ownable Game Assets

Cars Assets

• Cars form the core asset of the game: Cars are required to play the game. Players have toy cars from the verified RACEFI Car Collection on the Marketplace. From time to time new cars will be released (or dropped). The first set of cars released is the Genesis Collection, consisting of 5000 cars. During the drops, a variety of cars in different Car Classes are released.
• Car Value: Cars have value from two perspectives: rarity and in-game attributes. Rarity is derived from the model and color of the car, its position and number in the release, and the collection it is in. Cars can be bought and sold, and when they are sold, any upgrades that were purchased are also sold with the car.
• Cars Rarity Resource: RaceFi Racers cars have a variable rarity as opposed to a fixed rarity. Your actions in the game, such as upgrades, color changes, XP advance and other factors will influence the rarity value of your car. This rarity value will be available once the game officially starts and will change automatically depending on your actions.

Racetrack Land & Track List

Cars can only race on designated tracks by Car Class. Owners of race track land earn race fees each time a race happens. Each race track is divided into 100 land plots. The earnings for the race track are divided evenly among the land plot owners on a track-by-track basis.

Benefits of Owning Racetrack Land:

• Designated as a Land Baron in the game.
• All of your cars skip the three-hour repair waiting period before being able to race again.
• Earn $RCOIN tokens.

Garage

Racers must bring their cars to a Garage to maintenance them after finishing the race. Total proceeds at all Garage will be pooled together and distributed evenly to all Garage owners! There are only 40 Garage the Genesis Collection of game assets.

Benefits of Owning a Garage:

• Designated as a Land Baron in the game.
• You will own the second rarest asset in the game.
• Earn $RCOIN tokens commission.
• Customize the name of your Garage

Gas Stations

Gas functions as a sort of entrance fee for races. To enter a race, Racers must stop at a gas station and buy fuel with $. Racers buy a number of gallons (GAL) of fuel and then enter races that consume a specified amount of GAL per race. There are only 20 Gas Stations in the Genesis Collection of game assets.

Benefits of Owning a Gas Station:

• Designated as a Gas Baron in the game.
• You will own the rarest asset in the game.
• Earn Store commission.
• Customize the name of your Gas Station.

Billboard Land

Advertising in car racing is a huge part of the sport. Billboard land is the way to advertise to racers during the game. As cars choose races to enter, they first need to “drive-by” a billboard (this will show them the ad). You can own one of these billboards by buying Billboard Land.

Benefits of Owning Billboard Land:

• Designated as a Land Baron in the game.
• Place your own ads, or rent out the ad space to others.

Billboard Land will be sold and more information released after gameplay starts.

Game Features

???? Pure Race ????

• ???? PvE mode: Players will be allowed to directly drive and control their cars overcome challenges along the road within the limited time to win the prize of $RCOIN and experience points. When entering a race, players must agree to Race Conditions and use strategy to compete and win a race.
• ???? PvP mode: Players will customize their strategic statistics, allowing the game’s AI tech to analyze the winners. And to ensure fairness, and reduce the undesired effects of the real-life environment on the game, the race will run in the background. 

???? Battle Race ????

For users who want a more competitive edge, Battle Race will let players upgrade their cars with battle features such as guns, shields, and powerful nitrogen fuel to be eligible for battle mode. Each match will have a maximum of 8 racers. There will be no time limit or finish line in this mode, giving players the chance to continue to race and attack each other until there is only one victory car remaining. This is comparable to a battle royale in different game settings.

???? Tournament ????

RaceFi’s team will collaborate with the Council of Players to organize annual tournaments in spring and summer. The players will join the racing team and winners of tournaments will be rewarded with valuable prizes.

???? Leaderboard ????

RaceFi’s team will reward players who have a high rank on the leaderboard every quarter as an incentive and their appreciation towards top players.

Fair Entry Strategy

There is a problem that today’s games are facing, and there is no solution. That is the inflation of the value of items as well as tokens before participating and after some time. The usual path of a project goes like this:

• Starts out with relatively cheap prices – little exposure
• Prices rise on the secondary market – more exposure
• Drops from the project start to get priced higher as the secondary market grows – max exposure
• New entrants wish to join and play – difficult to do with exorbitant entry prices

Therefore, to improve this problem, RaceFi’s established the Fair Entry Strategy.

RaceFi’s team believes that games should be affordable to start playing no matter how long a game has been around. They also value cars in all of the drops at approximately the same prices.
I believe everything built by RaceFi’s team will give players a fair amount of opportunity.

Roadmap

Currently, the activities in the roadmap starting from September 2021 have been properly implemented by the game publisher, such as Graphic design, Smart contract development, website launch, testnet gameplay launch is expected in December the game token will be open for sale IDO. In the first quarter of 2022, the game will be officially launched.

Technical Data

Token Metrics

$RACEFI Token (governance token)

• Token name: RaceFi Token
• Ticker: RACEFI
• Blockchain: Solana
• Token standard: SPL
• Contract: Updating…
• Token type: Governance
• Total supply: 200,000,000 RACEFI
• Circulating supply: Updating…
• Initial Market Cap: $631,250
• Initial Circulating Supply: 6,000,000 RACEFI

$RCOIN Token (In-game Token)

• Token name: RaceFi Coin Token
• Ticker: RCOIN
• Blockchain: Solana
• Token standard: SPL
• Contract: Updating…
• Token type: Utility
• Total supply: No hard cap
• Circulating supply: Updating…

Token Allocation

Token Sale

Token Schedule Release

Token Use Case

$RACEFI Token (Governance Token)

Token holder benefits

• Early access to the platform
• Early access to the NFT asset drops
• First invitees to test new features

Utilities:

• NFT Transaction Fee (Buy, Sell)
• Staking reward
• Governance and Participation
• Events participation
• Airdrop programs
• Buy advertizing slot on game

$RCOIN Token (In-game Token)

Earnings:

• Win a race in PureRace or Battle Race
• Betting
• Participating in races
• Selling analysis and predictions
• Referral programs
• Reward programs
• Bug reporting

Utilities:

• Upgrade of cars
• Renting properties
• Buying gas
• Advertisements
• Bug reporting

How to own the token?

The RaceFi IDO on SolRazr

• Token: RACEFI
• Accepted: USDC (SPL Token)
• IDO Token Price: $0.125
• Total IDO Pool size: $345,000
• SolRazr Community Pool Size: $300,000(Requires $SOLR to be staked)
  • Mighty Oak allocation per winning ticket: $300
  • Tree allocation per winning ticket: $250
  • Sapling allocation per winning ticket: $200
  • Seed allocation per winning ticket: $150
  • Soil allocation per winning ticket: $100
  • Number of whitelist spots: TBA (announced after whitelist is closed)
  • This is only open for those who have staked $SOLR. Stake NOW!
• Open Community Pool Size: $45,000
  • Allocation Amount: $50
  • Number of whitelist spots: 900
  • Requires 4 SOLR (~$10) to be held from whitelist opening until the end of IDO.

Things to Keep in Mind:

• Blockchain: Solana
• Launchpad: SolRazr
• Platform: Desktop Only (Mobile not supported)
• Supported Wallets (desktop only): Sollet and Phantom Wallet
• Is KYC required for participation in IDO? Yes
• Please note the following countries are not allowed: United States, Afghanistan, The central African Republic, China, Congo-Brazzaville, Congo-Kinshasa, Cuba, Eritrea, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, North Korea, Namibia, Mali, Somalia, South Sudan, Sudan, Pakistan, Yemen, Syria, Tajikistan
• IDO vesting terms:
  • 25% unlocked on TGE
  • 25% unlocked each month over the next three months

Key Dates for the RaceFi IDO on SolRazr:

• Application for whitelist registration for the IDO opens on November 23rd at 2 PM UTC
• Whitelist registration closes on November 27th at 2 PM UTC
• Lottery Winners are announced and KYC opens on November 28th at 2 PM UTC
• KYC closes on TBA
• Final winners (KYC verified) are announced on TBA
• IDO opens on TBA
• IDO closes on TBA
• Token Distribution on TBA

Airdrop

20,000 RACEFI token ($RACEFI) community airdrop for 500 lucky winners!

In order to celebrate our $RACEFI token IDO on SolRazr, we decide to open a 20,000 $RACEFI airdrop event for our early supporters! Complete the task and refer friends to get a chance of becoming one of our 500 lucky winners.

Event time: 2PM UTC 23rd Nov – 2PM UTC 28th Nov

Grab your chance at: https://wn.nr/9QsEMn

Markets and Community

Market

Most especially in RaceFi, in terms of marketing, they have a roadmap to convey project information to everyone in an obvious and specific way through each stage.

Community

These plans of the RaceFi team are really not just words, but they have been seriously implementing it, as evidenced by the fact that they have built a telegram community in 6 countries Vietnam, Turkey, Russia, China, Indonesia, Philippines. And there is a competition to create a Racefi sticker to receive a reward of USDT and a slot to participate in IDO to attract a lot of investors.

Sticker Contest Event

RaceFi’s team aims to create many exciting playgrounds for the community to attract members & to create more exciting content freely.

Total Prize: $500 USDT and Slots of IDO whitelist. This event ends at 4 PM UTC on Nov 20th, 2021.

Backer

Team

In the game, team synergy is crucial to success not only in conquest but also in evolution. Having a single impressive RACEFI is not enough to make your team unbeatable. The synergy of the entire set plays a pivotal role in the collective value, the momentum of continuous wins, and enjoyment of the gameplay.

RaceFi game development teams consist of 8 key members. In general, their strength is in game development and construction; it is known that their orientation will further develop in the number of employees according to the increasing development of RaceFi.

• John Lee – CEO & Founder of RaceFi. His experience is Business Owner of Unifarm services.
• Lynn Nguyen – COO of RaceFi. Her experience is Business Development Manager of NMB Technology & Solution. Business Accountant of Asia Business Consulting.
• Nam Duong – CTO of RaceFi. His experience is Blockchain Developer of Polrare. Blockchain Lead of NMB Technology & Solution.
• Elin Nguyen – CMO of RaceFi. Her experience is IT Outsourcing Consultant at CMC Global Company Limited. Account Manager of Dreamship.

Advisors

• Eric Su — CEO of Exnetwork Capital — a hyperconnected early stage fund/incubator has over 10 active communities centered around various crypto and a global footprint with connections in all the major continents for maximum strategic value.
• Kevin Abdulrahman is the trusted advisor & strategist to some of the hottest crypto projects in the NFT/Gaming space. He is also a public speaking coach to CEOs, founders and world leaders.
• Steven Lee – Founder & CEO of POLRARE. With nearly 10 years solid experience in traditional technology industry, he found his interest in blockchain field since 2018 and have a long track record of success. Most recently, he is the co-founder of Planet Sandbox, an emerging sandbox shooting metaverse game.

Partners & Investors

A special thing in the list of outstanding investment funds is the name Exnetwork Capital.
This is one of the topmost prestigious venture capital funds globally with an extensive portfolio of large projects such as FTX, Thorchain, Elrond, Polkastarter, Xend Finance, Kylin Network, Alice, Star Atlas, ……..

Conclusion

RaceFi has excellent potential because this project holds a pioneering advantage: the first car racing game on the Solana platform, capable of revolutionizing NFT racing with the application of artificial intelligence (AI). The game has the ability to self-learn according to the player’s habits (ML: Machine Learning)
Players can earn money by owning properties, advertising & organizing races, trading cars, betting, participating in races, and more.
Especially, RaceFi’s backer and advisor team is a massive Exnetwork in the crypto space with a portfolio of previous projects that has grown many times over.

The RaceFi’s team is trying to build an open world for players. RaceFi’s team’s aim has always been to bring a playground with economic potential and fun for the community. RaceFi’s team respects players and will always continue to develop the best project.

RaceFi believes that the Play-to-Earn model is opening a wide new window of solutions to ease the pandemic’s hardship.

Are you ready racers? We will go on an extraordinary ride.

Find more information about RaceFi:

Website: https://racefi.io

Twitter: https://twitter.com/racefi_io

Telegram Announce: https://t.me/racefi_ann

Telegram Discussion: https://t.me/racefi_io

Discord: https://discord.com/invite/V9M24Rtc

Medium: https://racefi.medium.com

Youtube: https://www.youtube.com/channel/UCqsMRYfmk6xkfCTMVIVPoVQ

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Naooasuzuki

Coincu Ventures