DeRace Price (DERC)

What Is DeRace (DERC)?

Derace describes itself as a "complete NFT horse racing ecosystem" that wants to set a new standard for GameFi industry. DeRace provides an opportunity to buy and breed NFT horses with unique characteristics, equip NFT horses, and build your own NFT hippodrome to host races.

The project launched its IDO on July 16, 2021 on DAO Maker.

The beta version of DeRace was launched on Dec. 28, 2021. The full V2 of the game is about to be launched in Q3-Q4.

Who Are the Founders of DeRace?

The eight-people strong core team of DeRace is from Lithuania, UK, France, Dubai and Switzerland. DeRace was founded by Adomas Juodišius and Adelaida Sinkevič. 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 Sinkevič, the co-founder of Media Bubbles, CMO of several high-profile startups and now the CMO at DeRace.

The team also boasts several high-profile advisors: Hassan Sheikh, the co-founder of DAO maker, Michael Kam, co-founder of the Asia-based blockchain VC fund Double Peak, Michael Owen, former professional footballer who played as striker in Liverpool, Real Madrid, Newcastle United, Manchester United and is now a horse breeder and trainer, AB de Villiers, former South African international cricketer, KmanuS88, entrepreneur and famous Youtuber, and Alex Becker CEO of Hyros, entrepreneur and famous Youtuber.

What Makes Derace Unique?

DeRace aims to tackle and disrupt two multi-billion-dollar sectors simultaneously: video gaming and horse racing. The project sees a massive opportunity in the lack of video games with sustainable play-2-earn features. At the same time, horse racing suffers from corruption scandals and lack of digitalization vis-a-vis other sports - an issue which DeRace is aiming to tackle.

DeRace proposes a personalized gaming experience that is 100% fair and transparent. Players aren't restricted to being just the spectators but instead they are encouraged to take the lead of the process through their ownership of unique NFT horses.

Furthermore, players are given a chance to run the game themselves through DeRace’s govern-2-earn model by owning hippodromes, hosting the races and getting rewarded for all of that.

DeRace is set to revolutionize the GameFi industry by introducing a never-before-seen player earning model which rewards players for their activity within the DeRace metaverse and expand the gameplay possibilities exponentially.

More about DeRace features here.

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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. DeRace's token vesting schedule will unlock linearly over 32 months, and the allocation is as follow:

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).

25% (30M tokens) are reserved for liquidity incentives (20% is available at launch)

10% (12M tokens) are reserved for the team (funds are locked for the first year).

Advisors receive 5% (6M tokens) and 11% are reserved for development (13.2M tokens).

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-stake consensus mechanism and is secured by a massive decentralized network of stakers. 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.

Can DeRace (DERC) Hit $1?

DeRace has already hit all time high of $8.45 back in November 2021 (165X).

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 & metaverse gaming.

Where Can You Buy Derace (DERC)?

The DeRace IDO launched on July 26th on DAO Maker. It is listed on: Crypto.com, Gate.io, Uniswap, Pancakeswap and QuickSwap.

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