Digital assets are now quite a new concept for everyone. But with the current growth in value, the possibility that digital assets are a very valuable work, we cannot transparently copy ownership. But when you own it, the profits and NFT items bring very high economic value. Derace is a game genre that brings high economic value to today’s cryptocurrency market.
What is Derace?
DeRace is the first horse-racing platform that connects hundreds of millions of people with the same passion for horse races built on the decentralized blockchain, where anyone can exchange, buy, sell, breed NFT horses to participate and show passion. Also, organize races in hippodromes owned by you for real profits.
The two platforms of online games and horse racing have been merged by Derace with blockchain technology and NFT to bring an interesting experience to players.
With the lack of games with play-to-earn features, slow digitalization, and lack of transparency of the horse racing market – there is a huge niche for DeRace. Online horse racing platforms with modern graphics, wide gameplay possibilities, and most importantly, blockchain is what the market craves.
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 real profit.
DeRace is a platform that simulates real-life horse racing and gives players the ultimate horse racing experience. In the game Derace, players can own unique horse strains and other valuable items in the game.
Players own horses, take care, buy and sell horses with good health indicators to participate in horse races. Race events organized by Hippodromes attract participants, increasing the attractiveness of competition for players.
DeRace horses have different traits that define their rarity, performance, cool-down time, and ultimately value. Horses are 100% taken care of by players to increase their strength… help you participate in races to earn money when you win.
Every NFT horse has a set of visible and hidden characteristics:
- Visible: sex, color, shape, breed, breeding and racing cool-down
- Hidden: speed and stamina
Speed and stamina are the keys of winning the race. Speed and stamina can be inferred from horse appearance, bloodline (parent genetics), and previous race statistics.
Example of NFT horse characteristics:
They use NFT technology to create and differentiate every horse in the game. Horses are stored as NFT tokens. Horses can be bought in NFT marketplaces (in-game or third party) or created through breeding.
Every NFT horse’s data is visible to the public. Users can check the horse’s appearance, check the horse’s race history and bloodline. The family tree allows users to navigate through the horse’s ancestry.
The NFT horses will have a level system. The level will depend on the races participated, races won, and overall activity on the platform. Higher the level, the higher the price. The horses can compete in hippodromes with same-level horses.
NFT horse breeding
Two NFT tokens generate a third NFT token. The player chooses 2 NFT horses to breed. One must be male, the other must be female. Both horses breeding cool-down must be 0.
Each horse has its unique features that affect how the horse looks, breeds, and performs on a racetrack. All physical characteristics, sex, and breeding cool–down are visible for users.
Both NFT horse tokens are sent to GA (Genetic Algorithm) via Ethereum smart contract. GA generates a third NFT horse combining genes from parent horses, with +–5% devitation (RNG coefficient applied). That means that even if both parents had the property of speed 20 – their child’s speed can be in norms from 19 to 21.
3rd generated NFT horse and parent horses are sent back to the corresponding user wallet via smart contract.
NFT horses can be sold on the in-game market or any other NFT market. Owners have complete control over their NFT horses and DeRace coins stored in designated wallets.
The payer can buy both randomly generated or bred horses with a bloodline and race history. The horses (pre-purchased or bred) can be sold for a fixed price or via auction.
- If the user decides to buy a horse from the marketplace for a fixed price, DeRace coins are being written off from their wallet. Purchased NFT horses are accounted to their wallet
- If the user has purchased a horse for a fixed price from another user. NFT horse ownership is reassigned to the corresponding buyer’s wallet. DeRace coins are reassigned to the user that sold the horse.
All in-game assets are represented in the selected currency – fiat or crypto. However, all transactions are done exclusively using DeRace Coins, ensuring constant token volume and circulating supply.
A certain number of horses participate in each race. Every horse owner can participate in a hippodrome for a flat fee. The Hippodrome selects the participants using pre-set parameters. The winning horse collects % of all participant fees and additional prizes.
The races are based on RNG technology, therefore the winner of the race is random. The speed and stamina parameters play a role – it might influence the win but does not guarantee it.
Each speed parameter point gives a chance to win diluted by the total amount of participants’ speed sum. The RNG algorithm is widely used in video games, statistical sampling, computer simulation, cryptography, etc
Players choose the race to enter from the upcoming races section. Players can filter upcoming races by date, rules, entry fee, number of players, hippodrome store and winning team.
Players pay a participation fee. After the race, the winner is announced and DeRace coins are allocated to the winners’ account. After the race, the horse racing cool-down begins.
All horse races take place in hippodromes. Hippodrome ownership is set in NFT hippodrome tokens. One hippodrome contains 10 000 individual NFT tokens, therefore, the player can own a part of the whole hippodrome.
Owning more than 5,000 (more than 50%) tokens guarantees you a right to administrate hippodrome races. Therefore administrators of hippodromes are called bookmakers.
Bookmakers choose how and when to host the races in their hippodrome. The races can be made public, comply with certain requirements (for example have certain a winning history), or via invite (for specific users). The bookmaker controls the race entry fee and winner prize fund.
All hippodromes have the same parameters, which means owners can advertise their hippodroms to other players. It can be done within the game or outside the game (e.g. Telegram). DeRace always controls the number of created and active hippodromes.
There will be a level system for hippodromes. Levels will depend on races held, overall activity, etc. The hippodrome might lose a level if it’s inactive.
The levels will unlock different types of surfaces and add a number of horses allowed in the race. That allows users to create different types of races with more horses.
Hippodrome profits are paid to users according to their share of ownership (Tokens). 1 Token means – 0.01%
After the race, horse owners and owners of a hippodrome automatically receive their winnings. The payout system is fully auto-calculated, therefore there is no place for manipulation or fraud. It is based on preset algorithms, guaranteeing there is no room for miscalculations.
The owners of hippodromes can play without actually being online. There is no need to administrate the races, they can be run completely automatically. The owners of the horses can register their horses for future races, which can also happen with them being offline.
GA (genetic algorithms) is similar to how biological genetics works in practice, where genes – your DNA – store information about the rest of your body. For example eyes, skin and hair color, hair structure, body type and height. In GA, the numbers represent different characteristics.
Combining NFT with Ethereum smart contract allows Derace to breed horses (in a GA, it is called a crossover). It creates another unique token out of the other two, keeping some of the information (features) previous tokens had written in the smart contract.
Half of the father’s genome and the other half of the mother’s genome are set into a new, and unique offspring genome. The exact split of the genes can differ each time in the crossover, meaning that even two siblings will have unique genomes. Just like in real life.
The key here is understanding that representing a genome is as simple as storing a few numbers. The crossover is a piece of code that takes two numbers (parent genomes) as input and produces a single number as an output (child genome).
On the Ethereum blockchain, they can store data (like genomes) and perform calculations with that data using Smart Contracts.
Controlled RNG technology
A random number generator (RNG) is an algorithm that generates a sequence of numbers or symbols that cannot be reasonably predicted better than by a random chance.
A controlled RNG is an algorithm that operates within pre-established boundaries. For example, it generates a random number in the set range from 0 to 10 or from 20 to 60.
RNG is a determining factor in many modern games. Randomness is what keeps things from becoming monotonous. It’s what leads to curiosity and risk, and it’s one of the best tools for keeping the game fresh. The DeRace Controlled RNG algorithm is used for breeding and racing.
In horse breeding, GA generates the third NFT horse combining genes from parent horses, with +- 5% deviation (RNG factor is applied). That means that even if both parents had the property of speed 20 – their child’s speed can be in norms from 19 to 21.
In racing, the RNG algorithm will choose a winner out of all participating horses of the race. Horses with higher speed have a higher chance of winning. But since it’s an RNG-based game even the slowest horse has a small chance to win.
Third-party betting and streaming solution
DeRace’s ecosystem will be enriched with 3rd party betting solutions. They will integrate a betting provider (one or multiple) for the execution of bets.
Also, they will create an API for horse racing streaming platforms, online casinos, and betting venues to integrate DeRace horse races in their existing solutions.
The betting solution completes the whole DeRace NFT horse racing ecosystem.
One of DeRace’s core user experience philosophies is to provide players with diverse ways to earn DeRace Coins (DERC) easily and instantly. All player earnings are paid in DeRace coins only.
Opportunities to earn DERC include:
- Trading NFT horses
- Participating in races
- Hosting races in hippodromes
- Selling analysis and predictions
- Referral programs
- Reward programs
- Bug reporting
- Watching advertisements
Benefits of Token holders
DeRace coin holders will have early access to asset drops that will be available for purchase prior to the general release. DERC holders will also get early access to the platform and will be the first ones invited to test new features.
Core token holder benefits:
- VIP early access to the platform
- VIP early access to the NFT asset drops
- First invitees to test new features
Using DeRace Coin (DERC) for in-game transactions enables lower costs on transaction fees, keeping them at the bare minimum.
- Token Name: Derace Token
- Ticker: $DERC
- Blockchain: Ethereum, Binance Smart Chain, Polygon
- Token Standard: ERC20
- Ethereum: 0x9fa69536d1cda4a04cfb50688294de75b505a9ae
- Binance Smart Chain: 0x373e768f79c820aa441540d254dca6d045c6d25b
- Polygon: 0xb35fcbcf1fd489fce02ee146599e893fdcdc60e6
- Token Type: Utility
- Total Supply: 120,000,000
- Circulating Supply: 34,200,000
Token Release Schedule
Token Use Case
The first and foremost function of DERC is to fuel the whole platform. Even though DeRace crowdfunding activities allow transactions in both DeRace coins and other traditional means of payment, DeRace coins will ultimately serve as the base currency for transactions within the DeRaceuniverse.
Deposits via cryptocurrency or traditional payment methods are automatically and transparently converted to $DERC (by purchasing them from coin holders) which are then used to complete the transaction.
All activities on the platform, including bets, races, winnings, and asset trades are executed exclusively in DeRace Coins. Also, all player earnings are paid out only in DERC. This guarantees constant token volume and circulating supply.
DeRace Referral and Reward Systems use exclusively DERC. Wallet users, influencers, social media accounts, blogs, or news outlets will all receive their referral rewards in DeRace Coins.
Market and Community
Video gaming is a booming billion-dollar industry that is expected to rise enormously in the following decade. The boundaries between gaming as leisure and profit-making activity have already become blurred.
However, in the current market, there are not many video games that give players a chance to earn decent money. They believe there is a huge opportunity in the market for video games with play-to-earn features.
The global Horse Racing Market size was valued at $ 300 billion in 2019 and is expected to grow significantly over the next decade. The analysts have been monitoring the horse and sports betting market and it is poised to grow by $ 139.52 billion during 2020-2024 progressing at a CAGR of 9%during the forecast period.
Derace is very different and unique from other gaming projects. It is not just a game but it is also a platform that has all the elements of a multi-billion game or horse racing platform. It is a combination of 3 significantly growing multi-billion-dollar markets: video gaming, gambling, and the future leader of the betting market, horse racing, all merged by blockchain and NFT technologies. Derace is one of a kind and I am extremely bullish about this project.
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Disclaimer: This article is for informational purposes only, not investment advice. Investor should research carefully before making decision. We are not responsible for your investment decision