DERC

DeRaceDERC

Rank #2732
Token
On 149,273 watchlists

DeRace Price (DERC)

$3.46
4.11%

0.00007868 BTC3.85%

0.001158 ETH8.52%

Low:$3.25
High:$3.74
24h
DERC  DeRace DERC
Price:
$3.46
 4.11%
Market Cap
$71,068,459
0.00%
Fully Diluted Market Cap
$71,068,459
4.11%
Volume
24h
$11,595,898
10.44%
Volume / Market Cap
0.1632
Self Reported Circulating Supply
20,520,000.00 DERC
Max Supply
--
Total Supply
20,520,000
Sponsored

DeRace to USD Chart

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DERC Price Live Data

The live DeRace price today is $3.46 USD with a 24-hour trading volume of $11,595,898 USD. We update our DERC to USD price in real-time. DeRace is up 4.11% in the last 24 hours. The current CoinMarketCap ranking is #2732, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy DeRace, the top exchanges for trading in DeRace are currently ZT, Crypto.com Exchange, Gate.io, BKEX, and LBank. You can find others listed on our crypto exchanges page.

What Is Derace (DERC)?

Derace describes itself as a "complete NFT horse racing ecosystem" that wants to set a new standard for the betting and gaming industries. Derace provides an opportunity to buy and breed NFT horses with unique characteristics, bet on real-time NFT horse races, and build your own NFT hippodrome to host races in and rake in profit.

The project launched its IDO on the 26th of July on DAO Maker. It plans to complete the site's technical aspects in Q3 2021 and launch NFTs of the horses in Q4 2021. That is also when the platform will be published in BETA.

The full platform is scheduled to launch in the first half of 2022, with betting on the virtual horses to kick off in the second half of the year.

Who Are the Founders of Derace?

The eight-people strong core team of Derace is entirely from Lithuania. Adomas Juodišius is the project's CEO. Before that, he was the founder and CEO of Media Bubbles, a Vilnius-based marketing agency that provided e-commerce stores and other web-based platforms with a digital presence, web architecture and security solutions, and digital marketing. At Derace, he continues his cooperation with Adelaida (last name unknown), the co-founder of Media Bubbles and now the CMO at Derace.

The team also boasts two advisors, including Hassan Sheikh, the co-founder of DAO maker, and angel investor Michael Kam, co-founder of the Asia-based blockchain VC fund Double Peak.

What Makes Derace Unique?

Derace aims to tackle and disrupt three multi-billion-dollar sectors simultaneously: video gaming, horse racing and gambling. The project sees a massive opportunity in the lack of video games with gambling features. At the same time, horse racing suffers from corruption scandals and a lack of digitalization vis-a-vis other sports. Furthermore, people have lost trust and interest in centralized gambling solutions due to slow transaction settlements.

Derace proposes a personalized gaming experience that is 100% fair and transparent. Players aren't restricted to being spectators but instead take quite literally ownership of the process by purchasing unique NFT horses. This results in a personalized gaming and gambling experience free from regulators and bookmakers banning players, while also offering cheaper and faster transactions.

Furthermore, players have a chance to become a bookmaker with Derace. The community gets to control the stakes in hippodromes – the horse racing tracks. Bookmakers make profit from the fees and bets made by other players before the race.

Derace also plans to launch the world’s first cash flow generating ETFs for NFTs in late 2022 to 2023. The ETFs will contain an underlying basket of horses or hippodromes, which will be used in races to generate cash flow.

With Derace, players get to combine the best of both worlds from gaming and gambling, namely excitement and a chance to profit.

Check out Axie Infinity (AXS) – a pet-oriented trading game incorporating NFTs.

Check out AnRKey X (ANRX) – another highly popular NFT game.

Learn how NFTs work in our guide to Non-Fungible Tokens.

What are ERC-20 Tokens? Find out more here.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

How Many Derace (DERC) Coins Are There in Circulation?

Derace (DERC) has a total supply of 120M tokens. 28% of that, or 33.6M tokens, have been sold in the private round before the public IDO. At a valuation of $0.05 per token, Derace raised $1.68M from investors such as DAO Maker, Animoca Brands, LD Capital and more. 20% of that is unlocked immediately, with the remaining 80% becoming available in equal parts the following four quarters.

6%, or 7.2M tokens of the entire supply, has been reserved for the IDO in July 2021, following the same vesting schedule as the private round did.

15% (18M tokens) has been reserved for marketing purposes. 10% of that liquidity is available immediately and 5% follow each month.

25% (30M tokens) are reserved for liquidity incentives, of which 20% are available at launch and 5% becoming available each month.

10% (12M tokens) are reserved for the team. The funds are locked for the first year and become available at 20% intervals every three months.

Advisors receive 5% (6M tokens) and 11% are reserved for development (13.2M tokens). Both follow a complex two-year vesting schedule with no liquidity immediately available.

How Is the Derace Network Secured?

DERC is an ERC-20 token, meaning it is based on the Ethereum blockchain.

Ethereum works with a proof-of-work consensus mechanism and is secured by a massive decentralized network of miners. The roughly 11,000 Ethereum nodes protect the Ethereum blockchain against attacks.

Ethereum is the most popular blockchain for new tokens to launch on, thanks to its standardized tokens, the vibrant developer community, and the blockchain's robustness. In particular, NFT projects like Derace often launch on Ethereum since it offers visibility and the biggest possible exposure to new investors.

When Will Derace Trading Begin?

Derace raised $1.7M in an oversubscribed private round. Its IDO, dubbed SHO (strong holders offering) by Derace, commenced on July 26th 2021. It is available on DAO maker.

Can Derace (DERC) Hit $1?

With an initial launch price of $0.05, hitting $1 would require (DERC) to do a 20X. This is surely a tough task but not unimaginable. Axie Infinity (AXS) recently set an all-time high after launching at around $0.15, indicating the market is hungry for promising NFT gaming solutions.

Where Can You Buy Derace (DERC)?

The Derace IDO launched on July 26th on DAO maker. So far, this is the only exchange the token is launched on, but it will surely be followed by many more soon. Derace also announced a 200,000 $DERC airdrop on CoinMarketCap to gain exposure and build a critical mass of followers.

If you are interested in buying $DERC, you can read more here about how to start buying this token and other cryptocurrencies.

DERC to USD Converter

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DERC Price Statistics

DeRace Price Today
DeRace Price$3.46
Price Change24h$0.1366
4.11%
24h Low / 24h High
$3.25 /
$3.74
Trading Volume24h$11,595,898.06
10.44%
Volume / Market Cap0.1632
Market Dominance0.00%
Market Rank#2732
DeRace Market Cap
Market Cap$71,068,458.59
Fully Diluted Market Cap$71,068,458.59
4.11%
DeRace Price Yesterday
Yesterday's Low / High
$3.25 /
$3.69
Yesterday's Open / Close
$3.29 /
$3.64
Yesterday's Change

10.7%

Yesterday's Volume$18,269,300.19
DeRace Price History
7d Low / 7d High
$2.79 /
$4.31
30d Low / 30d High
$0.4609 /
$4.31
90d Low / 90d High
$0.4609 /
$4.31
52 Week Low / 52 Week High
$0.4609 /
$4.31
All Time High
Sep 18, 2021 (6 days ago)
$4.31
19.71%
All Time Low
Sep 03, 2021 (20 days ago)
$0.4609
651.47%
DeRace ROI

6826.75%

DeRace Supply
Circulating Supply20,520,000 DERC
Total Supply20,520,000 DERC
Max SupplyNo Data