DeRace DERC
$0.21452 0.85%
Latest Updates
Updated at 16:37$25,742,197.49
#786
$1,335,559.81 0.54%
-$0.00182 0.85%
-$0.02376 11.08%
What about DeRace ?
DeRace (DERC) is a blockchain-based metaverse that focuses on horse racing and leverages non-fungible tokens (NFTs). It provides users with the opportunity to play and earn in a virtual environment by breeding, training, and racing horses. The platform is powered by Ethereum and operates on a decentralized blockchain network, making it transparent and open to anyone with an internet connection.
DeRace is designed to be a play-to-earn metaverse, where players can gain crypto for their activities in the game. Users can breed horses to create new NFTs that they can sell, trade, or use for racing. The NFTs are unique and represent individual horses that have distinct characteristics, including physical attributes and abilities. Players can use the NFTs to participate in virtual horse races, which are held periodically and open to all players in the network. These virtual races are conducted using smart contracts that are transparent, tamper-proof and ensure fairness.
The DeRace platform also includes a decentralized marketplace where players can buy and sell NFTs. This marketplace enables players to trade their virtual assets with one another, creating a vibrant economy where players can earn virtual and real-world currency. Additionally, the platform has a system of staking pools, where users can yield returns on their investments, further incentivizing them to participate in the virtual horse-racing metaverse.
The platform also comes with a governance mechanism that enables the community to participate in decision-making processes. Token holders can vote on critical issues like new features or proposed modifications to the platform. This feature ensures that the community participates in the development of the project and plays an essential role in shaping its direction and future.
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