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Information about "zkRace"
What Exactly is zkRace (ZERC)?
zkRace, previously known as DeRace, is a trailblazing Web3 horse racing game and the first state-of-the-art zk-rollup infrastructure specifically designed for GameFi, backed by the ZERC token.
The ZERC token acts as a powerful driver in the GameFi landscape, providing unmatched utility by supporting both the game and its foundational infrastructure.
The project unveiled its Initial DEX Offering (IDO) on July 16, 2021, through DAO Maker.
The beta version of zkRace became available on December 28, 2021.
The ZERC token acts as a powerful driver in the GameFi landscape, providing unmatched utility by supporting both the game and its foundational infrastructure.
The project unveiled its Initial DEX Offering (IDO) on July 16, 2021, through DAO Maker.
The beta version of zkRace became available on December 28, 2021.
Who Are the Brains Behind zkRace?
zkRace was crafted by W3Forge, a studio dedicated to Web3 development, incubation, and acceleration. The core team, consisting of eighteen members, hails from countries like Lithuania, the UK, France, Dubai, and Switzerland. Adomas Juodišius and Adelaida Sinkevič founded zkRace, with Adomas Juodišius serving as the CEO. Previously, he was the founder and CEO of Media Bubbles, a marketing agency in Vilnius that catered to e-commerce businesses and web platforms, offering digital presence, web architecture, security solutions, and digital marketing services. At zkRace, Juodišius rejoined forces with Adelaida Sinkevič, who co-founded Media Bubbles and serves as CMO for several prominent startups, and is now the CMO at zkRace.
The team is also supported by several notable advisors, including Hassan Sheikh, co-founder of DAO Maker; Michael Kam, co-founder of Double Peak, a blockchain VC fund based in Asia; Michael Owen, a renowned former footballer and current horse breeder and trainer; AB de Villiers, a former South African international cricketer; KmanuS88, a well-known entrepreneur and YouTuber; and Alex Becker, the CEO of Hyros and a famous entrepreneurial YouTuber.
The team is also supported by several notable advisors, including Hassan Sheikh, co-founder of DAO Maker; Michael Kam, co-founder of Double Peak, a blockchain VC fund based in Asia; Michael Owen, a renowned former footballer and current horse breeder and trainer; AB de Villiers, a former South African international cricketer; KmanuS88, a well-known entrepreneur and YouTuber; and Alex Becker, the CEO of Hyros and a famous entrepreneurial YouTuber.
What Sets zkRace Apart?
zkRace stands out as the premier Web3 horse racing game and a complete infrastructure aimed at transforming Web3 gaming.
As a leading NFT horse racing metaverse, zkRace excels at combining scalability, transparency, and a player-centric approach. It breaks the confines of single-chain ecosystems, advancing to multiple blockchain platforms. The player-focused experience it offers incorporates real-world racing elements, extending beyond the digital world for seamless, enjoyable interactions that appeal to athletes and are accessible to both crypto enthusiasts and newcomers.
On the tech front, zkRace employs cutting-edge Layer 2 zk-rollup Validium technology to improve Web3 gaming. This innovation lowers financial entry barriers and increases transparency by facilitating near-zero gas fee transactions for minting, trading, and storing data. With its proprietary Validium solution, zkRace delivers smooth gameplay without blockchain congestion, supports scalable off-chain data storage, and ensures on-chain data integrity verification. These features establish zkRace not merely as a game, but as a strong platform advancing the GameFi industry.
As a leading NFT horse racing metaverse, zkRace excels at combining scalability, transparency, and a player-centric approach. It breaks the confines of single-chain ecosystems, advancing to multiple blockchain platforms. The player-focused experience it offers incorporates real-world racing elements, extending beyond the digital world for seamless, enjoyable interactions that appeal to athletes and are accessible to both crypto enthusiasts and newcomers.
On the tech front, zkRace employs cutting-edge Layer 2 zk-rollup Validium technology to improve Web3 gaming. This innovation lowers financial entry barriers and increases transparency by facilitating near-zero gas fee transactions for minting, trading, and storing data. With its proprietary Validium solution, zkRace delivers smooth gameplay without blockchain congestion, supports scalable off-chain data storage, and ensures on-chain data integrity verification. These features establish zkRace not merely as a game, but as a strong platform advancing the GameFi industry.
How Many zkRace (ZERC) Tokens Are Currently Available?
zkRace (ZERC) has a total supply of 120 million tokens. All ZERC tokens are now fully unlocked, with the same amount in circulation.
Of this total, 28% or 33.6 million tokens, were sold in a private round before the public IDO. At $0.05 per token, zkRace raised $1.68 million from backers like DAO Maker, Animoca Brands, LD Capital, and other major venture capital firms.
6%, amounting to 7.2 million tokens, was allocated for the IDO in July 2021.
15% (18 million tokens) was earmarked for marketing activities.
25% (30 million tokens) was set aside for liquidity incentives.
10% (12 million tokens) went to the team.
Advisors received 5% (6 million tokens), and 11% (13.2 million tokens) was reserved for development efforts.
Of this total, 28% or 33.6 million tokens, were sold in a private round before the public IDO. At $0.05 per token, zkRace raised $1.68 million from backers like DAO Maker, Animoca Brands, LD Capital, and other major venture capital firms.
6%, amounting to 7.2 million tokens, was allocated for the IDO in July 2021.
15% (18 million tokens) was earmarked for marketing activities.
25% (30 million tokens) was set aside for liquidity incentives.
10% (12 million tokens) went to the team.
Advisors received 5% (6 million tokens), and 11% (13.2 million tokens) was reserved for development efforts.
How Is the zkRace Network Kept Secure?
The ZERC token is an ERC-20 token, which means it's built on the Ethereum blockchain. Ethereum's security relies on a proof-of-stake consensus mechanism, supported by a vast decentralized network of stakers. Around 11,000 Ethereum nodes help secure the blockchain from potential attacks.
Ethereum is the preferred blockchain for launching new tokens because of its standardized tokens, active developer community, and strong reliability. Web3 projects like zkRace often choose Ethereum for launching, as it provides the visibility and exposure necessary to attract new traders.
Ethereum is the preferred blockchain for launching new tokens because of its standardized tokens, active developer community, and strong reliability. Web3 projects like zkRace often choose Ethereum for launching, as it provides the visibility and exposure necessary to attract new traders.
Could zkRace (ZERC) Reach a Value of $1?
zkRace previously reached its peak value of $8.45 in November 2021, representing a 165-fold increase. Starting at an initial price of $0.05, reaching $1 would require a 20-fold increase. While challenging, this goal is not impossible. The recent success of Axie Infinity (AXS), which reached an all-time high after starting at around $0.15, suggests there is market demand for promising NFT and metaverse gaming projects.
Where Can You Purchase zkRace (ZERC)?
The zkRace IDO launched on July 26th via DAO Maker. It is available on platforms such as Crypto.com, Gate.io, KuCoin, Uniswap, Pancakeswap, and QuickSwap. If you want to purchase ZERC, you can find more information about buying this token and other cryptocurrencies here.
"zkRace" price data