Recently the big names confirmed that the tokenization of assets also known as non fungible tokens make sense. Influencers like Gary Vaynerchuk or investors like Chamath Palihapitiya are entering the market investing in non fungible tokens.
Recently the big names confirmed that the tokenization of assets also known as non fungible tokens make sense. Influencers like Gary Vaynerchuk or investors like Chamath Palihapitiya are entering the market investing in non fungible tokens.
IOI corporation has made an smart step and definetely follows the big money. The team of crypto enthusiasts decided to build a blockchain ecosystem, named Trade Race Manager, which is powered by decentralized finance and NFTs, with one token economy suitable for gamers, traders and crypto enthusiasts.
There is an evident change from the free-to-play model with low monetization possibilities, where anybody can benefit from playing games thanks to blockchain technology. Blockchain allows specific skills to be monetized through currencies and digital assets with open market dynamics. The core gameplay revolves around collecting, using and trading nonfungible tokens.
The Trade Race Manager NFTs have more utilities instead of only being a collectible or gaming item. One of the biggest challenges for any cryptocurrency project is creating tangible utility for its underlying assets.
The Trade Race Manager had its soft launch in 2020 and has since been upgraded, with 3D models and NFT features running on the scalable Polygon blockchain network.
Players need to own NFT cars to participate in races and predict the best performing portfolio of cryptocurrencies to start the race. There are races with different time frames and rewards. The one with the highest performance score is the winner. Even if the player does not win, they get daily staking rewards for holding NFTs. The more cars you hold, the more rewards you get. The structure is going to be as follows:
- NFT cars
- An NFT team station
- NFT tracks.
The NFT cars, in six editions, are limited to 200,000 pieces that will have the following features:
- Play and increase your chances to win rare cars.
- Get a rare vehicle to double your rewards.
- Gain access to different platform features.
- Get staking rewards.
- Farming possibilities.
- Sell on the marketplace.
- Cross-chain gaming.
- Hold the NFT as a collectible.
The NFTs will be available exclusively on the Arkane Network marketplace at pre-sale prices. Arkane has a unique feature that you can purchase the game items via PayPal; otherwise, the NFTs will be available on our platform via cryptocurrencies.
The main advantage is that all NFT transactions will run on the Polygon ( Matic) Network with low fees.
NFT Team Station
The Next step will be the launch the NFT team station whereas the wiining team owner can benefit and profit from future price appreciation. We want to build a motivated community, so this can be another advantage to building winning teams.
The owner of the team has various opportunities. Build your racing team to get 20 % from each premium member and hire managers to win a championship.
NFT Track
As the final step in the NFT journey, we will bring the possibility to buy a complete track. The owner will get 3% from every turnover. The rewards are regularly coming with the increasing volume.
Moreover the IOI Token will be the backbone of the whole ecosystem with more utilities focused on the automatic value protection via burning principles implemented. This is the list of token utilites but if you want to know more about IOI tokenometrics follow our website:
- Play games
- Purchase NFT cars to increase the winning chance
- Purchasing the whole car edition, you unlock the rare car NFT with double rewards
- Purchase NFT and get staking rewards up to 24 % APY
- Hold 1000 IOI and get 10 % from the rewards pool
- Hold 10000 IOI and get 90 % from the rewards pool
- NFT collectible appreciation and cross-game utility
- Access to other platform features coming soon
More partnerships with many valuable companies and token features as governance are coming soon.
We hope you enjoyed the recent updates. Stay tuned for the next listing plan article.
For anyone interested in the IOI Trade Race Manager, follow the website or social media: