DeRace (DERC) Graphics
In the evolving world of blockchain technology, gaming, and non-fungible tokens (NFTs), DeRace (DERC) is a fascinating entrant. It merges the thrill of horse racing and breeding with the power of decentralized finance. This review will delve into what DeRace is, its market value, supply, technology, history, purpose, founding team, strengths, weaknesses, and its standing in the digital asset marketplace.
What is DeRace (DERC)?
DeRace is a decentralized horse racing ecosystem allowing users to participate in NFT horse racing and breeding. Users can buy, sell, breed, and race NFT horses, yielding the DERC token. Each horse, represented as an NFT, has its distinct characteristics and performance capabilities, which influences its value and performance in races.
Founders and History
DeRace was founded by a team of professionals with vast experience in blockchain technology, game development, and business management. The exact names of the founders aren’t explicitly mentioned, as it’s common with some projects in the cryptocurrency space. The project was officially launched in 2021 and quickly gained attention for its unique combination of NFTs and horse racing.
Purpose and Vision
DeRace aims to revolutionize the horse racing industry by creating a decentralized ecosystem where anyone can participate. It seeks to democratize the space and create an engaging environment that stimulates competition while offering opportunities to earn through gameplay.
Technology and Supply
DeRace operates on the Ethereum blockchain, utilizing smart contract technology to facilitate transactions within its ecosystem. It takes advantage of the ERC-721 standard for the creation of unique horse NFTs, each with its distinct traits.
As for the supply, DeRace has a total supply of 100 million DERC tokens. The DERC token is used for various functions within the ecosystem, including betting, purchasing horses, and governance. As of my knowledge cutoff in September 2021, for the most current information on circulating supply and market cap, it’s recommended to check a reputable cryptocurrency data aggregator.
Strengths and Limitations
DeRace offers a unique approach to NFTs and gaming, allowing users to earn through their participation. This model could potentially attract a large user base interested in horse racing, gaming, and earning cryptocurrencies. The introduction of an autonomous governance system where DERC token holders can vote on system proposals further enhances user participation.
However, DeRace is not without its limitations. The project operates in a highly competitive field, with many blockchain-based games and NFT projects vying for user attention. The long-term success of DeRace will depend on its ability to maintain user engagement and manage any technical or security challenges that arise.
The market value of DERC fluctuates based on numerous factors, including the broader crypto market trends, user adoption, and development milestones within the DeRace ecosystem. It’s crucial to review the most recent and accurate market data from a reliable cryptocurrency exchange or market data platform.
DeRace offers an intriguing proposition for those interested in blockchain, gaming, NFTs, and horse racing. It presents a unique economic model where users can earn through active participation and contribute to the ecosystem’s governance.
However, as with any cryptocurrency project, potential investors should be aware of the risks involved. The future success of DeRace depends on several factors, including user adoption, technical execution, and the project’s ability to navigate the regulatory landscape. It’s essential for potential investors to conduct thorough research and due diligence before investing.
In conclusion, DeRace demonstrates the ongoing innovation within the blockchain gaming and NFT sector, and it’s undoubtedly a project to keep an eye on as the industry continues to evolve.
How To Buy DeRace (DERC)
Are you ready to jump into the world of cryptocurrency and want to know where to buy DeRace (DERC) ?The largest exchanges currently traded with DeRace (DERC) are Gate.io and . You can find other exchanges that make listings .
About DeRace (DERC)
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