zkRace

What is DeRace?

DeRace is the first decentralized blockchain-based racehorse platform that joins millions of racehorse enthusiasts in a community where you can buy and breed NFT horses, and host races in your owned hippodromes for actual profit. It is a combination of two significantly growing multi-billion-dollar markets: video gaming and horse racing, all merged by blockchain and NFT technologies.

---

Recent Video Interview

Main points of the interview:

• Introduced DeRace's NFT horse racing platform, featuring DNA-enriched NFT horses and community-owned hippodromes.
• Players can buy, breed, and race NFT horses, as well as own and host races in virtual hippodromes.
• The platform uses DERC tokens for transactions and aims to set a new standard in gaming and betting with blockchain technology.
• Future plans include integrating jockey NFTs, expanding beyond horse racing, and ensuring diverse payment methods for user convenience.

---

Problems Targeted

• Huge demand for games with play-to-earn features: The gaming industry lacks sufficient options for players to earn money while gaming, despite its booming billion-dollar status.
• Slow digitalization of the horse racing market: Despite previous attempts, the horse racing industry still lags in digitization compared to other sports, leading to untapped potential and demand.
• Corruption and fraud in horse racing: The industry faces long-standing issues with corruption, including doping, race-fixing, and money laundering, as exposed by investigations like BBC's Panorama documentary.
• Slow and expensive transactions: Traditional fiat-based gaming platforms suffer from slow and costly transactions, hindering user experience and accessibility, especially across borders.

Solutions

• Fulfilling demand in two markets: DeRace addresses the lack of play-to-earn features in gaming and the slow digitalization of horse racing by providing a modern online platform powered by blockchain technology.
• Bringing profit to players: DeRace offers various avenues for players to earn profits, including breeding and trading NFT horses, participating in races, and hosting events, fostering a player-friendly ecosystem.
• NFT technology: DeRace utilizes NFT technology to provide unique, tradable assets in the form of racehorses, enhancing authenticity and ownership within the game.
• Fair and transparent: By leveraging decentralized solutions, DeRace ensures transparency, fairness, and security for all participants, addressing concerns about corruption and fraud prevalent in traditional horse racing.
• Personalized gaming experience: DeRace aims to provide a personalized gaming experience with diverse participation options and unique NFT assets for each player.
• Exciting gameplay: Through the use of Genetic Algorithm and RNG technology, DeRace creates unpredictable and exciting gameplay experiences, distinguishing itself from traditional gaming platforms.

DeRace Core Features

DeRace offers players the ability to participate in various roles, including horse owners and hippodrome administrators, with different levels of involvement and rewards. The platform simulates real-life horse racing, allowing players to own, breed, trade, and compete with NFT horses. The Genetic Algorithm generates offspring based on the traits of parent horses, ensuring uniqueness and diversity in the game. Additionally, DeRace features an NFT marketplace where players can buy, sell, and auction NFT horses using

DeRace Coins (DERC).

The DeRace Coin (DERC) serves as the platform's currency, facilitating all in-game transactions and operations. It is an ERC20-compliant token traded on the Ethereum blockchain, providing both utility within the platform and an independent store of value. DERC is used for races, winnings, horse trades, and item transactions, ensuring a constant token volume and circulating supply. External contributors receive DERC as a reward, fostering their interest and participation in the project's success.

Team Background and Partners

The DeRace ecosystem boasts a multinational team of industry experts, led by founders Adomas and Adelaida. With roles spanning development, marketing, and design, the team collaborates to deliver top-tier virtual horse racing experiences. Adomas serves as CEO, while Adelaida leads as CMO. Kristijonas functions as the CTO, overseeing technical aspects. Egle spearheads marketing efforts as the Marketing Project Director, and Sarunas contributes as a game designer. Vincenta manages KOLs, ensuring a cohesive and engaging community experience.

Additionally, DeRace is backed by big names in the in the industry, such as Animoca Brands, DAO Maker, LD Capital, Kyros Ventures, ReBlock, Raptor Capital, Binance NFT, KuCoin, BabyDoge, Polygon, Orion...

Project Development

The utility expansion for in-game rewards, Sugar Cubes, was announced with great excitement as the DeRace metaverse evolved, increasing the value and versatility of its assets. The enhancement aimed to provide players with more control and strategic depth in their gameplay. Initially introduced to foster a sustainable player earning mechanic, Sugar Cubes became integral to the DeRace economy, rewarding player engagement and dedication.

The latest update allowed players to utilize Sugar Cubes to decrease breeding cool-downs for their NFT horses, revolutionizing gameplay strategy. This feature not only expedited the breeding process but also encouraged thoughtful resource management and planning. To maintain economic balance, the cost of reducing breeding cool-downs with Sugar Cubes dynamically increased with each day shortened. This approach aimed to ensure a healthy gaming environment. Looking ahead, DeRace continues to focus on enhancing player experience and fostering community engagement, promising more updates to come.

zkRace Price Analysis

As of November 24 2024 zkRace has a marketcap of $37M. This is {{percentagefromath}} from its all time high of $8.24. In terms of its tokenomics, there's a total supply of 120M with 100% currently outstanding. Keep in mind zkRace has a fully diluted value of $37M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.