What is the DeRace coin (DERC)?
You will be listening about the DeRace coin in the crypto world. The DeRace technology was founded by Adomas and Adelaida S. who have a background in software and the crypto world. The project of DeRace was launched at DAO makers on 16 July 2021 and the DeRace release date of its beta version is 28 December 2021 on DAO makers. Adomas Juodisius have experience of a decade in SAAS project management, blockchain development, and cyber security. In addition, he has experience working with projects associated with crypto. Adelaida S. is one of the CMO and founders of DERC. Furthermore, the DERC project has 20 employees who are focusing to bring horse racing and gaming to 3.0.
What tribulations does DeRace coin technology cater to in crypto?
Now we are moving forward to the function and working of DERC. DeRace coin aims to sort out the hassles that crypto users have to face. Following are the tribulations faced by the crypto users:
- People who are game players are demanding games for play through which they can earn and make money with it. The industry of video games is getting its peak and several people across the world are inclined towards gaming. Games were considered as the activity of leisure time but not the industry of gaming moved it towards a money-making activity or business. People who are fond of gaming can make money with DeRace NFT.
- Horse racing needs to be digitalised as the other sports (e.g. football). Additionally, the responses from people about horse racing digitalisation were optimistic but terms of taking steps towards the upgrading of horse racing are still required.
- The corruption in horse racing also needs to be overcome in the game industry. the history of horse racing reveals the corruption forms in the industry of horse racing such as,
1. Injecting doping into a horse
2. Bribing thoroughbreds to cause them to fail racing events
3. Money laundering
4. Race fixing
5. Tax fraud
- • In online video games, gamers have to face the tribulations of slow transactions for purchasing the horse of their will. In addition, they are required the maximum time to bank deposition and the time frame for the process of verification is also very long. The time expansion at the beginning of the game hinders the interest of the gamer to play.
How does the DeRace coin work?
Before moving towards the DeRace coin we first need to discuss the NFT marketplace. In the marketplace of a game or NFT, the NFT horses may be sold. The purchaser has absolute control over hisher DeRace coins and NFT horse, which are kept in a designated wallet. The players have a command to purchase both bred horses and randomly generated horses with race history and bloodline. The horses (bred or pre-purchased) may sell out through auction or at a fixed rate.
- If the user has decided to purchase a horse at a fixed rate from the marketplace, DeRace coins have been removed from their wallet. NFT horses bought are taken into account in their wallet.
- If the user bought a horse from yet another user at a set rate. The property of an NFT horse is transferred to the wallet of the correlating buyer. The user who sold the horse has forwarded DeRace coins.
Market cap in crypto refers to the total price of a cryptocurrency coin. The current DeRace market cap ranking is 656. In addition, the DeRace coin market cap is USD 13,739,004.
What is the technology behind the DeRace coin?
The technology behind horse racing is the NFT that differentiates and develops each horse in the game. The horses are kept in the form of NFT tokens. The horses are developed at the markets with the help of breeding or may purchase in the NFT marketplace. The date of NFT is visualised to the gamers through whom they may scrutinize the appearance of the bloodline and history of the horse race. There is the availability of the horse family tree that permits the gamers to get directions by the ancestry of the horse.
How successful it can be?
The DeRace has a massive niche for the horse racing platform in terms of the lacking of other horse racing games such as transparency lacking in the racing market, and slow digitalisation. Due to these leggings of the racing market, there is a massive chance for the DeRace horse racing to be successful due to its privileges given underneath:
- The online platform of horse racing with possibilities of wide gameplay
- Having blockchain that is according to the requirement of market
- Availability of modern graphics
One of the accomplishment points of the DeRace is its first stand position at the platform of blockchain-based horserace which connects the devotees of a horse race where you can breed and purchase the host race and NFT horses at the coliseum of your choice to get your perks.
Also Read: Resident Evil Village
The value of DeRace in the current market
According to the latest DeRace crypto news DeRace is also trending on Twitter. The DeRace Twitter account has been the centre of interest for many people. The current DeRace token price is $0.169585 by a 24-hour transaction bulk of $196,972. DERC price is winning 1.7% in the last 24 hours. A DeRace token has a crucial role in selecting and buying a horse according to its breed, stamina and running rate.
The gaming industry has been growing and becoming a business with time. All in all, the people who could not play the games physically as it contains a lot of effort and time can fulfil their gaming interests and make money with it. DeRace horse racing platform is the best way for people who are into horse racing.
How many horses are in DeRace?
Although there are a great variety of horses according to their races and other physical qualities, in entire there are 7,077 DeRace Horses NFTs. You can select the horse for the race by purchasing or on rent.
Where can I play DeRace?
If you want to take part in racing then go to the section “Race” at www.DeRace.com and become part of the race that is available. The race can be chosen by you following the length of the race track, surface, entry fees, hippodrome, etc.
Is DeRace launched?
DeRace was launched on 16 July 2021. The fame of horse racing is connected with the DeRace blockchain-based structures that are a digital racehorse platform to increase excitement.
When was DeRace launched?
The project of DeRace was launched at DAO makers on 16 July 2021 and the DeRace release date of its beta version is 28 December 2021 on DAO makers.
Does DeRace play to earn?
Yes, you can get the profit at the end of the horse race. You have to first choose and purchase the horse on NFT according to its characteristics, race, running speed, ancestors, and stamina. You can also choose the race that is going on.
How much is a DeRace NFT?
One DeRace Horses NFT cost an average of $131.1. There are 1,588 shareholders of DeRace Horses, with an overall supply of 7,080 tokens.
What is DeRace NFT?
DeRace is a blockchain-based platform for horse races that connects millions of horse race fans in a communal where you can purchase and breed NTF horses.
Can you make money on DeRace?
There are various ways to benefit in the DeRace virtual world, and the game creators promise even more in the coming years. The key methods to earn money are by breeding NFT horses, racing NFT horses, and owning a hippodrome, although wagering and mini-games would be added later in the video game industry.
How do I invest in DeRace?
Enter the quantity of ETH you want to trade for DeRace. Recollect budgeting for transaction costs. Verify your purchase and pursue the on-screen instructions to complete it.
How much do I pay for an NFT?
NFT costs can vary from $0.01 to a few thousand dollars on ordinary. You could indeed, for example, generate NFTs on the Ethereum blockchain, which is the most costly of all blockchains, expected to cost an estimated $70. However, there are numerous examples of how creating your own NFT can price you upwards of $500 at its high point.
Is DeRace a good investment?
DeRace seemed to have 11/30 (37%) eco-friendly days in the last 30 days. Investing in DeRace is presently profitable based on our historical information. DeRace`s price has dropped by -94.38% in the last year.