RaceX ($RACEX) is the governance and utility token for the DCRC-Race2 Earn game. Our token was fairly launched on October 17, 2021. 15% of the supply (team allocation) has been locked for one year and will unlock monthly. The team lock and all initial liquidity were locked for six months.
Race-to-Earn on Avalanche:
RaceX is the first racing simulation game on the Avalanche blockchain, blending real-world road racing with virtual racing on a cutting-edge simulation engine currently under development.
NFTs Drive the Action:
DCRCRacing will use NFTs minted on the platform to represent the cars used in the simulation. These NFTs will be used in our advanced virtual racing simulator, allowing users to benefit from the platform's Race-to-Earn functionality. The NFTs can be fully upgraded using a burn-and-remint feature.
Customization and Performance:
NFTs can also be upgraded visually by adding body kits, changing colors, adding decals, and swapping wheels and tires. Users can build their NFTs according to their vision and make them truly unique! NFTs can be upgraded performance-wise, too, as owners can purchase performance upgrades to enhance their car's capabilities in virtual races.
Mystery Boxes Add Excitement:
To add to the excitement, we'll introduce random Mystery Boxes. These could contain limited-edition NFTs and modifications, offering a true test of luck. Mystery Box drops will also be available on our marketplace, so keep your eyes peeled for them!
Important Note: This information is based on the provided context. Always conduct thorough research and due diligence before making any investment decisions.