Cena DeRace (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 the 26th of July on DAO Maker.

The beta version of DeRace was launched on 28th of December. 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. 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 former professional footballer who played as striker in Liverpool, Real Madrid, Newcastle United, Manchester United and is nor 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 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.

Furthermore, players have a chance to host races with DeRace. The community gets to control the stakes in hippodromes – the horse racing tracks.

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.

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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.

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.