Racer’s Utopia is a play-to-earn game on the metaverse that is powered by the mighty Binance Smart Chain. The rigid architecture and game design of Racer’s Utopia enable players to experience high-end realistic graphics which are much more efficient and powerful compared to other games that run on the blockchain.
Racer’s Utopia comes along with its very own Native token, CKey or famously known as the CarKey token which is inspired by Axie Infinity and the SafeMoon token. The token is designed to withstand market slumps and is deflationary. The design of the token enables it to be used as a Utility or a play2Earn token.
Along with the gaming experience, the players also have access to collect and own NFTs that are based on the game which are available on the game’s native marketplace on the metaverse. The NFTs on the gaming metaverse comprise various elements of the game ranging from Cars, Race Tracks, Gas Stations, and much more. The complete game is structured in a way that allows the player to not only be a part of a game but also help them generate passive income streams through various opportunities spread throughout the game.
The total supply of the CarKey Token is around 1 billion CKey tokens. The tokenomics of the token is distributed into 10% for Team/Advisors, 5% for airdrop and bounty program, 5% for marketing, 35% for play-to-earn/ecosystem fund, and 45% for presale and liquidity. The token is also equipped with Auto and Manual BURN features that aid the deflationary nature of the token.
Apart from the existing tokenomics, there is also a 5% tax charged on trade (BUY/SELL). The 5% tax collected is further bifurcated into 2% which is redistributed to the burn wallet, 2% for redistribution to existing holders, and the rest 1% to the treasury that will be maintained by the racer’s Utopia Community.
The complete model of the game is designed in a way to keep the players active on the metaverse platform giving scope for more improvement and features in the upcoming updates.
(All information was provided by GlobeNewswire)
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