RacewayX (RWX)
Gaming
RacewayX is a complete NFT car racing game where players can own NFT parts of the game, join in races, upgrade cars, join global community challenges & earn
Start:
Aug 12, 2022 00:00:00
End:
Aug 12, 2022 00:00:00
ICO Details
ICO Details
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What is RacewayX?
RacewayX is a complete NFT car racing where players can own NFT parts of the game, participate in races, upgrade cars, join global community challenges and earn profit while doing it.
RacewayX Unique Features
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Roadmap
RacewayX Token Economy
RacewayX is a play-to-earn car racing game where players and participants own parts of the game. Players can earn by playing the game or by simply owning parts of the game. All ownable parts of the game are in the form of verifiable owned NFTs.
The in-game currency would be RacewayX Token (RWX), used for all in-game activities. Players will be able to race for free once in 24 hours, depending on the race class.
Players buy cars and can level them up with upgrades like better engines, exhaust, tires and nitrous. To race, players buy gas at a gas station, and then enter an upcoming race. The total of all the gate fees per racetrack makes up the reward pool. First place wins 50% of the reward pool, second and third place split the second half of the pool. Winnings are paid out in RWX Tokens.
When entering a race, players are presented with the Race Conditions. With this in mind, players select from several options that makeup their Race Strategy to compete in the race. The race then happens in the background. Results of the race are determined primarily by how well each player’s Race Strategy played out, and secondarily by a weighted random algorithm. Cars with higher XP and upgrades have an advantage in the race.
Ownable parts of the game include: Cars, Gas Stations, Tuneup Garage, and Racetracks.
Detailed Token Metrics
Token Distribution
Token Release Schedule
SEED ROUND: 10% – 100 000 000 $RWX. Vesting Schedule: 12% at TGE, 30 days lock-up, then 24% to be released each subsequent month.
PRIVATE ROUND: 8.75% – 87,500,000 RWX. Vesting Schedule: 16% at TGE, 30 days lock up, then 24% to be released subsequent month.
PUBLIC ROUND: 4.55% – 45,500,000 $RWX. Vesting Schedule: 20% at TGE, then linear unlock during next 3 months.
PLAY TO EARN: 15% – 150,000,000 $RWX. Vesting Schedule: 2 months lock, 20% to be released each subsequent month.
STAKING: 10% – 100,000,000 $RWX. Vesting Schedule: 2 months lock,20% to be released each subsequent month.
CORE TEAM: 8% – 80,000,000 $RWX. Vesting Schedule: 12 months lock, then linear unlock each subsequent month during next 18 months.
ADVISORS: 6% – 60,000,000 $RWX. Vesting Schedule: 5% at TGE, 2months lock, then linear unlock each month during next 12 months.
MARKETING AND ECOSYSTEM: 10% – 100,000,000 $RWX. Vesting Schedule: 5% unlocked at TGE, then linear unlock during next 18 months.
BOUNTY ALLOCATION: 2.7% – 27,000,000 $RWX. Vesting Schedule: 3 months lock, then linear unlock each subsequent in the next 18 months.
LIQUIDITY : 20% – 200,000,000 $RWX. Vesting Schedule: Some amount will be used for Liquidity, rest – linear unlock in the next 12 months.
COMMUNITY INCENTIVES: 5% – 50,000,000 RWX. Vesting Schedule: 12 months lock, then linear unlock each month for the next 18 months
Partners & Advisors
Advisors
Marcelo S. – Subject Matter Expert Advisor and Dev for future development He is the Founder of IBetCrypto, the FIRST Sportsbook that is FULLY on the Blockchain, worked as BD Manager at Certik, ex-Founder of Wault Finance and also a co-Founder of Miami Crypto Board and Crypto Expo
Team Members
Donald K – CEO Donald K is the Concept Developer and Project Coordinator of RaceWayX. He has more than 8 years’ experience in Software Development and Project Management. He is an astute researcher who is fascinated with the gaming sector of blockchain.
Wright Pete – CTO Wright Pete is the Chief Technology Officer of RaceWayX. He has extensive experience building technological solutions that eventually cross the chasm into mainstream adoption. He is well versed in blockchain application development and project management.
Liam McFadyen – Game Developer Liam is the lead game developer for RacewayX. He is a self-taught UI Designer & Developer with over eight years experience. Alongside, running a creative development studio based in the UK, having console development partnerships, Liam has been able to expand his horizons in the digital hemisphere.
Nhani Cesaz – CMO Nhani is the Chief Marketing Office of RacewayX. For over two decades, Cesaz has amassed huge experience working with the most popular platforms, brands, and content around the world. Throughout his career he has built and managed teams that deliver break-through experiences for brands and their customers.
Johnsvn – Design Lead An all-rounder digital artist, with fine-arts background, Johnsvn possess a wide range of skills, and extensive experience in multidisciplinary creative projects, for educational media and entertainment, in different countries.
Investors
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