RACEFI is a play-to-earn car racing game where players and participants own parts of the game. Players can earn by playing interacting within the game. All ownable parts of the game are in the form of verifiably owned NFTs.
RaceFi is the first AI/ML integrated car racing game on Solana ecosystem. Within RaceFi's metaverse, players can earn while enjoying various game modes to satisfy the thirst for speed, or make a profit by controlling in-game property and interacting with our ecosystem players. 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.
The native platform currency of the game is the $RACEFI, used for all in-game activities. Players will be able to race for free about two times per day, depending on the race class.
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. Cars with higher XP and upgrades have an advantage in the race.
Ownable parts of the game include: Cars, Gas Stations, Mechanic Shops, Racetrack Land, Analytics Center and Billboard Land.
The native cryptographically-secured fungible protocol token of RaceFi (ticker symbol $RACEFI) is a transferable representation of attributed governance and utility functions specified in the protocol/code of RaceFi, and which is designed to be used solely as an interoperable utility token thereon.
$RACEFI is a functional multi-utility token which will be used as the medium of exchange between participants on RaceFi in a decentralised manner. The goal of introducing $RACEFI is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on RaceFi without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $RACEFI does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $RACEFI entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Vietnam, Singapore or any relevant jurisdiction. $RACEFI may only be utilised on RaceFi, and ownership of $RACEFI carries no rights, express or implied, other than the right to use $RACEFI as a means to enable usage of and interaction within RaceFi.
$RACEFI also provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on RaceFi, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $RACEFI is an integral and indispensable part of RaceFi, because without $RACEFI, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on RaceFi. Given that additional $RACEFI will be awarded to a user based only on its actual usage, activity and efforts made on RaceFi and/or proportionate to the frequency and volume of transactions, users of RaceFi and/or holders of $RACEFI which did not actively participate will not receive any $RACEFI incentives.
It allows players to buy game assets, game consumables (e.g. gas), stake to participate in certain exclusive events or in-game benefits, and participate in Racetrack auctions. All prices in the game will be quoted in $USD. This will allow players to focus on the game and not worry about potential fluctuations in the price of $RACEFI.
