Racearth Liquidity Launch

January 10 update – the team says they didn’t raise enough across all of their presales and will be refunding all investors. They plan to devise a new strategy and will update investors at some point in the future.

January 9 update – the team has still not announced a launch time, but are still saying the launch will take place today. This time remains a placeholder.

Token presale for a road-mapped metaverse car racing P2E game on BSC.

The exact launch time has not been announced yet, only that it is on January 9. This time is a placeholder.

DETAILS

• Presale Details
  • IDO will be held on DAOStarter, and will last for 3 days or until hard cap reached
  • Initial circulating market cap: unknown
  • Taxes: 0%
  • IDO price: $0.03
    • Vesting: 15% at TGE, 17% monthly
    • IDO also held/planned on AnyPad, IXIRPAD, BrightyPad, Nexus, Kingdom Starter, Kommunitas
  • Listing price: $0.03
  • Minimum buy: 100 USDT
  • Minimum buy: 3,000 USDT
  • Hard cap: 50,000 USDT

• Mechanics & Features
  • Racearth is a race2earn metaverse game, combining Racing and Lands
  • Users will be able to organize races and participate in races to earn token rewards
  • Users can own lands and organize races on them – races can only be organized on lands with “racetrack” attribute and the rules will be decided by the landowners before the race
  • Landowners will receive fees from the racers on the race day and will distribute the event prize
  • Land owners and car owners in the game will be able to watch the races
  • In order to participate in the races, users need to own a car NFT – the NFTs will be limited, and they will be sold in special sales
  • Users can also create and join ‘clans’ to earn more rewards
  • Other in-game activities include; car tuning, car repair, tire change, paint shops etc
  • $RACE is the rewards and utility token
    • Token utility – game transactions (play the game, purchases, developments, and events)

• Tokenomics
  • Token symbol: RACE
  • Total supply: 800,000,000
    • 4% — Seed sale
    • 6% — Private sale (9 months vesting)
    • 7% — Public sale/IDO (9 months vesting)
    • 37% — Ecosystem (5 months cliff, then 36 months vesting)
    • 10% — Team (12 months cliff, then 24 months vesting)
    • 12% — Stake (3 months cliff, then 24 months vesting)
    • 8% — Development & operations (3 months cliff, then 18 months vesting)
    • 8% — Partnership
    • 7% — Marketing (3 months cliff, then 24 months vesting)
    • 1% — Liquidity (unlocked)