zkRace (formerly DeRace) is both the front-running Web3 horse racing game and the world's 1st cutting-edge zk-rollup infrastructure tailored for GameFi and powered by ZERC token.
zkRace's powerhouse token ZERC is set to bring forward the GamiFi revolution, offering unparalleled utility by fuelling both the game and the underlying infrastructure.
The project launched its IDO on July 16, 2021 on DAO Maker.
The beta version of zkRace was launched on Dec. 28, 2021.
## Who Are the Founders of zkRace?
zkRace is built by W3Forge: Web3 development studio, incubator and accelerator.
The eighteen-people strong core team of zkRace is from Lithuania, UK, France, Dubai and Switzerland. zkRace was founded by Adomas Juodišius and Adelaida Sinkevič. Adomas Juodišius is the project's CEO. Before that, he was the founder and CEO of Media Bubbles, a Vilnius-based marketing agency that provided e-commerce stores and other web-based platforms with a digital presence, web architecture and security solutions, and digital marketing. At zkRace, he continues his cooperation with Adelaida Sinkevič, the co-founder of Media Bubbles, CMO of several high-profile startups and now the CMO at zkRace.
The team also boasts several high-profile advisors: Hassan Sheikh, the co-founder of DAO maker, Michael Kam, co-founder of the Asia-based blockchain VC fund Double Peak, Michael Owen, former professional footballer who played as striker in Liverpool, Real Madrid, Newcastle United, Manchester United and is now a horse breeder and trainer, AB de Villiers, former South African international cricketer, KmanuS88, entrepreneur and famous Youtuber, and Alex Becker CEO of Hyros, entrepreneur and famous Youtuber.
## What Makes zkRace Unique?
zkRace holds a unique position as both the leading Web3 horse racing game and a comprehensive infrastructure designed to revolutionize Web3 gaming.
As a Web3 game, zkRace stands at the forefront of Web3 gaming as a leading NFT horse racing metaverse, blending scalability, transparency, and player-focus. As the first horse racing ecosystem to transcend single-chain limitations, zkRace is set to dominate multiple blockchain networks. This player-driven platform integrates real-life racing dynamics and extends beyond the digital realm to offer seamless, enjoyable experiences that resonate with athletes and are accessible to both crypto enthusiasts and newcomers.
On the infrastructure side, zkRace utilizes advanced Layer 2 zk-rollup Validium technology to enhance Web3 gaming. This system reduces financial barriers and enhances transparency by allowing for near-zero gas fee transactions for minting, trading, and storing data. With its in-house Validium solution, zkRace ensures smooth gameplay free from blockchain congestion, enables scalable off-chain data storage, and maintains on-chain verification of all game data integrity. These capabilities position zkRace not just as a game, but as a robust framework advancing the GameFi industry.
## How Many zkRace (ZERC) Coins Are There in Circulation?
zkRace (ZERC) has a total supply of 120M tokens. The native token ZERC is fully unlocked now, with a circulating supply of 120M tokens.
28% of that, or 33.6M tokens, had been sold in the private round before the public IDO. At a valuation of $0.05 per token, zkRace had raised $1.68M from investors such as DAO Maker, Animoca Brands, LD Capital and other prominent VCs.
6%, or 7.2M tokens of the entire supply, had been reserved for the IDO in July 2021.
15% (18M tokens) had been reserved for marketing purposes.
25% (30M tokens) had been reserved for liquidity incentives.
10% (12M tokens) had been reserved for the team.
Advisors received 5% (6M tokens) and 11% had been reserved for development (13.2M tokens).
## How Is the zkRace Network Secured?
How Is the zkRace Network Secured?
ZERC is an ERC-20 token, meaning it is based on the Ethereum blockchain.
Ethereum works with a proof-of-stake consensus mechanism and is secured by a massive decentralized network of stakers. The roughly 11,000 Ethereum nodes protect the Ethereum blockchain against attacks.
Ethereum is the most popular blockchain for new tokens to launch on, thanks to its standardized tokens, the vibrant developer community, and the blockchain's robustness. In particular, Web3 projects like zkRace often launch on Ethereum since it offers visibility and the biggest possible exposure to new traders.
## Can zkRace (ZERC) Hit $1?
zkRace has already hit an all time high of $8.45 back in November 2021 (165X).
With an initial launch price of $0.05, hitting $1 would require (ZERC) to do a 20X. This is surely a tough task but not unimaginable. Axie Infinity (AXS) recently set an all-time high after launching at around $0.15, indicating the market is hungry for promising NFT & metaverse gaming.
## Where Can You Buy zkRace (ZERC)?
The zkRace IDO launched on July 26th on DAO Maker. It is listed on: Crypto.com, Gate.io, KuCoin, Uniswap, Pancakeswap and QuickSwap.
If you are interested in buying ZERC, you can read more here about how to start buying this token and other cryptocurrencies.
How to Buy DERC on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing DERC. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Gate.io(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing DERC.
Step 5: Purchase DERC
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of DERC you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy DERC.
Step 6: Store Your DERC
After purchasing, you can choose to store your DERC in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and DERC assets, be sure to use a strong password and enable two-factor authentication.
DERC Price:The price fluctuates daily, You can go to the exchange: Gate.io to check the price.
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