Introducing RacFi: Upcoming IDO on SolRazr

Published on: 21.11.2021

SolRazr is thrilled to launch the upcoming IDO of RACEFI on November 23 at 2:00 PM UTC. RaceFi will be a complete race-to-earn ecosystem where you can participate in races or own parts of the game and make a profit.

All ownable parts of the game are in the form of verifiably owned NF’s. When entering a race, players are presented with the Race Conditions. With this in mind, players select from several options that form their Race Strategy to compete in the race. The race then runs automatically based on the AI algorithm. Results of the race are determined primarily by how well each racer’s Race Strategy played out, and secondarily by a weighted random algorithm. Cars with higher XP and upgrades have an advantage in the race. RaceFi is backed by Exnetwork Capital, Polrare, Shima Capital, x21 Digital, VBC Ventures, and SolRazr.

Overview of RaceFi

RaceFi is the first AI/ML integrated car racing game on the Solana ecosystem. Within RaceFi’s metaverse, players can earn while enjoying various game modes to satisfy the thirst for speed or make a profit by owning in-game property. The two main game features are Pure Race and Battle Race. Pure Race includes two game modes: PvP and PvE. In PvE mode the players will directly drive and control the car, whereas in PvP mode the players will customize their strategic statistics and then the AI system will analyze the result of the race. In terms of Battle Race, the players must upgrade their cars with battle features such as guns and shields. There will be no time limit or no finish line, the players will continue to race and attack each other until there is only one survivor left, and that car will become the winner of the battle race.

Key Highlights of RaceFi

First car racing game on Solana
AI/ML integration
Multiple game modes & Unlimited ways to earn
Betting system
Advertising solution

Ownable parts of the game include:

Racetrack Land & Track List: Each racetrack is divided into 100–150 land plots. The earnings for the racetrack are divided evenly among the land plot owners on a track-by-track basis.
Cars: Cars are the core asset of the game, as they are required to participate in the race. Players buy cars from the marketplace or get them from the airdrop.
Land: A LAND is a property of real-estate in-game. Each LAND is a unique, non-fungible token on the Solana blockchain.
Gas Station: To enter a race, racers must stop at a Gas Station and buy fuel.
Garage: The rarest asset in the game. Racers must bring their cars to the Garage to repair after the race or rebuild (decan, change color…)
Billboard Land: Advertise to racers during the game.

— John Lee, CEO of RaceFi

“I have always desired a DAO platform to empower gamers and accolade them based on their value-added to game economy. From idea to product development, the RaceFi team has come a long way in designing a metaverse with limitless earning opportunities that can accommodate various types of users. Many features are updating, yet one thing is permanent: users’ benefit is our raison d’être. Embrace yourself and choose who you want to be in RaceFi metaverse! We’re going on an extraordinary ride.”

Eric Su, CEO of ExNetwork Capital — Advisor of RaceFi

“RaceFi has great potential as this project holds first-mover advantage: the first car racing game on Solana platform. Expect the unexpected with this team, they have the capacity to revolutionize the NFT racing industry with unique AI/ML applications and many other exciting features such as betting and advertising. Eagerly to witness RaceFi’s prosperity in the future and I’m glad to accompany them from the beginning.”

Only 200.000.000 $RACEFI Tokens Will be Minted

The RaceFi token is intended to be a utility governance token, the currency inside the Racers game and is designed to flow in and out of the game and the community.