Coinracer x IM community AMA RECAP
TELEGRAM AMA: Im Community & Coinracer đ
â° AMA Timing : 7th February 2022 l 04:00 PM UTC
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 100 USDT
âĄď¸ The reward pool for the best 5 questions from Telegram is $50($10 Each) đ¸
âĄď¸ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) đ¸
Bà Tân | : Today our guest is: @TheMrDip & @daviscd & @OceanHero from Coinracer
Ahrix : Welcome @TheMrDip & @daviscd & @OceanHero to the IM community.
Mark | Coinracer Crew | : Hello guys! ���
Bà Tân | : Can you introduce yourself to our Im Community?
Mark | Coinracer Crew | : Hello again! My name is Mark Voronov and Iâm the Co-Founder of Coinracer. My background comes mainly from sales and marketing. I used to work 3 years in face to face sales and also run more than 3 eccomerce stores where I learned alot about marketing and business. I also traded crypto for a living and learned business administration in the university. Sales was also place where I met our Co-Founder David. ���
Bà Tân | : Thanks for the introduction.
BĂ Tân | : Donât forget to join the group https://t.me/coinracerofficial
BĂ Tân | : Todayâs AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://mobile.twitter.com/IM_Communityitw/status/1490165663578857473) (will choose 5 question)
Session 3: Free Asking (will choose 5 question)
Bà Tân | : Start session 1 AMA.
BĂ Tân | : Question1. Could you please give us a simple introduction of Coinracer? Whatâs the motivation for starting build Coinracer? @OceanHero
Mark | Coinracer Crew | : Good question! Before developing Coinracer we did saw a gap in the P2E Gaming space. All the game projects that were launched/developed did not have actual games, which are skill based and fun to play. Either they ran in the background or a written code was deciding the odds who will win/lose. This is where we came up with skill based racing game âCoinracerâ. Our motivation was to bring something unique to the space where people can really enjoy the game and earn rewards based on their skills.
David | Coinracer : Hey, Im David â co-founder of Coinracer. Happy to be here today in IM community talking with you guys :). Im living in Estonia and just took a year off from my university (where Iâm studying IT-business 3rd year) to focus solely on Coinracer. Im in crypto since 2016 and always believed in the technology and utility that blockchain can bring. I was in sales in a long time and worked as a developer in non-blockchain projects as well.
Ahrix : Please say âDoneâ when you have finished the question, thank you.
Mark | Coinracer Crew | : Done ���
Ahrix : WELCOME @daviscd
Bà Tân | : Question2. What products are the Coinracer team focusing on developing?
David | Coinracer : For now the main focus is the game and its features like ChipRace, where people can earn CRACE from owning NFT cars and letting them race. The rarer NFT car you have the more you can earn daily/weekly/monthly. With this in mind we always focus on the economics and most importantly making it self-sustainable by including a circular economy where CRACE is being spent and earned at sustainable rates. With our core team we have come a long way, releasing PVP mode, having our first mint, releasing the NFT marketplace and much more accomplishments to come.
Ahrix : Please say âDoneâ when you have finished the question, thank you.
David | Coinracer : done :)
Bà Tân | : Question3. What role does the $CRACE token play in your ecosystem? long-term benefits?
Mark | Coinracer Crew | : Crace token has many utilities. It is used as a native currency for our game and game rewards. Also we have native marketplace where you can buy NFT cars only for CRACE. For investors who hold CRACE for the long term we have developed a staking platform where investors can get up to 60% APY. CRACE is included in every part of Coinracer to make the economy circular and self-sustainable.
Done! ���
BĂ Tân | : Question4. What benefits do users get when owning Coinrarerâs NFT?
David | Coinracer : Coinracer NFT has many utilities. Firstly it can be displayed/raced inside the game and also used in multiplayer races. In the short future Coinracer will release ChipRace, where players can put their NFT to race and earn passively CRACE with it.
Done :)
Bà Tân | : Question5. What is the current and future development roadmap of the Coinrace Project?
Mark | Coinracer Crew | : In the upcoming months we have many things coming up. Closest one is ChipRace and Mint 2.0 Event. Also we are working on a mobile version of the game and token listing on CEX exchanges in the near future.
Done! ���
Bà Tân | : End of session 1
Bà Tân | : Session 2: Question From Twitter (https://mobile.twitter.com/IM_Communityitw/status/1490165663578857473) (will choose 5 question)
BĂ Tân | : Question1. @MrLuke22 âAs already announced and soon to be released, the chip race is one of the most anticipated features for $CRACERâs investors (farm coins through NFTs). If this will skyrocket. The farmable coins will be adjusted or will they be fixed?â
Mark | Coinracer Crew | : Good question! Our ChipRace reward system is based on CRACE economy. Numbers will stay the same, they will not be adjusted to USD price. Also ChipRace upgrades are based on how much EXP you have â and the way to earn it is by playing PvP or Rumble gamemode.
Done!
BĂ Tân | : Question2. @PedroSaenger1 âWill there be an EXP system to upgrade the cars? How will it work? The higher the PVP bet, the more EXP you earn?â
Mark | Coinracer Crew | : Currently we are developing ranking system which is based on race wins and time played in the game.
Done.
BĂ Tân | : Question3. @aJihaf147258 âAs a gamer myself with friends who are also interested in the new online play to earn games, we would like to know if GameFi is only for elite investors or can people like us with small budgets join in ??â
Mark | Coinracer Crew | : Naturally I would rebut this question with the corresponding question/answer: is online gaming only for elite competitors and/or can only those with extensive budgets participate in competitive online gaming.
The reason I refer to this example is because in the already established and highly lucrative gaming industry, it has been proven that small market players can assume roles, find success, and earn titles as figureheads among the top names in the industry. These ranges of participation forms, regardless of market size, are also not limited to only the elite talents.
Done.
BĂ Tân | : Question4. @rendiberentet âMost NFTs games currently suffer low player base due to expensive initial cost for a new player to take part in the game? How does @coin_racer is attracting large group of players ? can you talk some of its features which make it different from other ?â
David | Coinracer : We have always kept this in mind when developing Coinracer ecosystem. We donât want to be a high entry-barrier project where only few can play. With this in mind we are doing everything to keep it low, as NFTs are starting from 50 USD on the marketplaces and entry fee in tournaments are around 2 USD (12 000 USD prize pool). We think this is one of the most important things to keep in mind when scaling the project to millions of people.
Done
BĂ Tân | : Question5.@CD7978 âMany projects die because they are not understood by people. Does @coin_race consider community feedback when creating and developing the project? Has the feedback for @coin_race been positive or negative to date?â
Mark | Coinracer Crew | : We released our Alpha 1.0 a long time ago and this was the main purpose â collect community feedback and improve the game based on that. We canât please everyone but we listened and will continue to listen to our community for feedback â good or bad. Every piece of feedback is important regardless. ChipRace and Rumble was solely a product of community feedback and team brainstorming sessions.
Done.
Bà Tân | : Congratulations to the winners of session 2.
@MrLuke22
@PedroSaenger1
@aJihaf147258
@rendiberentet
@CD7978
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @daviscd & @OceanHero ���
BĂ Tân | : Donât forget to join the group https://t.me/coinracerofficial
Bà Tân | : End of session 2
BĂ Tân | : Weâll move on to session 3
Bà Tân | : Session 3: Free Asking (will choose 5 question)
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
BĂ Tân | : Donât forget to join the group https://t.me/coinracerofficial
BĂ Tân | : Now letâs give our dear guest @daviscd & @OceanHero some time to go through them.
Q1. What is PROJECTâs revenue model? In which ways do you generate revenue/profit?
Mark | Coinracer Crew | : Our revenue comes from in-game fees, marketplace fees and also minting events.
Q2. Tell us a little bit about security? Have you done an audit of the platform? Are the Knowing contracts error-free? What are the test results?
Mark | Coinracer Crew | : Yes! We have done several audits for our token address, minting and staking contract. We work with Solidity Finance. ���
Q3. How important is the community to you? and how can we collaborate or help you for the development of the project?
Mark | Coinracer Crew | : Community is our highest priority, we always listen to their needs and try to please all of them. We are constantly asking for the feedback and ideas to make our project even better. Thats why we have such big and strong community.
Q4. What are the ways for your project to generate revenue in the long run? What is the progress of business development and what are some of your commercial partnerships?
David | Coinracer : We have a lot of partnerships like Metawars, BiSwap, Blockster and other respected companies. (you can see them on our site: coinracer.io) Our main revenue models divide into 2 main parts: 1) NFT sales. 2) Fees from NFT marketplace, game and other products. These are sustainable and wont run out as we go forward.
Q5. When is the token getting launched and on what exchange?
Mark | Coinracer Crew | : You can buy CRACE token from Pancakeswap or Biswap. Here is the link for our website: coinracer.io
Bà Tân | : Thanks for the useful information from @TheMrDip & @daviscd & @OceanHero
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @coinracerofficial for answers.
Bà Tân | : IM Community, if you would like to know more about Coinracer ! here are some useful links for you:
Official Website: https://coinracer.io
Twitter: https://twitter.com/coin_racer
Telegram: https://t.me/coinracerofficial
Whitepaper: https://coinracer.io/whitepaper.html
Medium: https://medium.com/@coinracer
Discord: https://discord.com/invite/AqWHXP3Jk7.
David | Coinracer : Thanks for having us!
Bà Tân | : Allright, I declare the Im Community AMA with Coinracer has ended.
Thanks to @TheMrDip & @daviscd & @OceanHero | Coinracer joined us and provided us with Coinracer information, we hope that this knowledge makes us understand more about https://coinracer.io (https://coinracer.io/)
To the members, thank you for following this event to the end. winners will be announced soon.
