Dear RaceFi community,
This week we had a first Text AMA in our official Discord Channel, where our Growth Ecosystem Manager — Lucy Lee gave a detailed information about RaceFi updated Roadmap and answered questions from the community. We really liked how it went down and we hope to have another one sometime in the future!
🗓️ 19 April 2023
⏰ 14:00 PM UTC
🏡 Venue: https://discord.gg/wb6B3t5Pks
Host: Shamae — RaceFi CM
Speaker: Lucy Lee — RaceFi RaceFi Growth Ecosystem Manager
Hello @Lucy | RaceFi! Thank you for being with us today 😃.
Before anything else, can you introduce yourself?
Hello everyone, my name is Lucy — RaceFi Growth Ecosystem Manager. It’s my pleasure to join AMA with you guys today and I’m so excited to answer all the questions. Nice to meet you all.
We’re glad to have you here @Lucy | RaceFi. So, let’s proceed now to the first segment of our event.
Let’s start with the basics. What is RaceFi all about?
RaceFi is a Web3 car racing game with built-in advertising service powered by blockchain technology. This is where powerful racers compete against each other to win exciting rewards. All ownable parts of the game are in the form of verifiably owned NFTs. In RaceFi’s metaverse, players can earn money while enjoying different game modes or make a profit by owning in-game assets.
Interesting! Players can compete to win rewards and earn in the game’s metaverse 😍
So, the RaceFi project has been launched for a long time, what are the milestones that your project has achieved so far?
We’ve been putting a lot of effort into creating and expanding our game and metaverse since the project’s inception in 2021. The bankruptcy of certain significant projects in 2022 has caused people’s confidence in the cryptocurrency sector to decline.
However, thanks to the founders’ team’s long-term vision and the community’s confidence in us, we are still growing and have reached numerous important milestones as follows:
📍 We’ve completed building the infrastructure including Smart contract, Portal,… to ensure our project running perfectly on multichain
📍 We’ve run some Staking campaigns on Kucoin and On-chain Solana
📍 Our game is in the perfecting progress and have released the Beta Test.
📍 We’ve already established partnerships with a lot of blockchain and traditional projects.
📍 And we’ve also successfully built a marketing platform with billboards and banners through our racetrack, so other projects can put their image on, advertise and reach to more users.
Besides, you can follow our social channels to get more news and daily updates.
📌 Twitter: https://twitter.com/racefi_io
📌 Discord: https://discord.com/invite/wb6B3t5Pks
📌 Announcement Telegram: https://t.me/racefi_ann
📌 Youtube: https://www.youtube.com/@racefi_io
📌 Linkedin: https://www.linkedin.com/company/racefi/
Wow, it sounds like RaceFi has been making some impressive strides forward!
Not only you have completed the infrastructure for multichain support, including smart contracts and portals, but you’ve also successfully run staking campaigns on Kucoin and On-chain Solana.
Don’t forget to check and support our socials guys @everyone 😉
Now that you have already released the beta version of the game, what are the features can players expect in the beta version? Especially since the Open Beta Version is coming next month?
RaceFi is now having Private Beta test public and has received a lot of positive responses from our community. In this version, we focus on bringing the racing experience to players through 2 game modes: Single-Player and Multi-Player.
Only users who have applied for our Game Early Access Form can play the game at this moment, but if you guys want to give it a try, please send us your email and we will create an account for you to play.
We are planning to release our Open Beta version in the upcoming stage. Along with that, various new features will be introduced to users in this coming version.
Exciting news! Can’t wait to try the upcoming version of the game 🤩
Since Open Beta Version is expected to be released next month, how can players report bugs or issues they encounter during the beta testing phase?
Our game is still in the testing and developing process, so players may encounter some bugs and problems while playing. In that case, please kindly create ticket on our Discord channel, report your problems and then we will review and fix it.
Your valuable feedbacks will help us improve and develop the game more perfectly in the future.
Thanks for letting the community know!
I’m sure everybody is curious about this question 😅
How long will the beta testing period last, and what is your timeline for the final release?
Our first Private Beta version is going be closed this Friday to fix bugs and update.
But don’t worry, the Open version will be released on 3rd May with more new updates and features, and all users will be free to access and enjoy our game. Stay tuned and look forward to experiencing it! 🤩
Great news! Don’t forget to invite your friends’ guys to try the beta version of RaceFi this coming May 3 🗓️
Are there any upcoming updates or events that will be held by RaceFi?
If yes, please share it with us here. Our community is excited to hear about it.
The most exciting and important event coming up next is definitely our mainnet launch. RaceFi Official Season 1 will be released soon this coming May with various game modes and at the same time, we will also introduce some of our new interesting features such as: referral program, leaderboard, racing pass, racing club,…
Besides, we will also host some notable activities for users to join like Pit-crew, Global Tournament,.. as well. Our team is working very hard day by day to improve the quality of RaceFi to provide the best gaming experience to users. Stay tuned for our upcoming news!!!
It sounds very interesting! I’ve seen some of the users are looking forward to the referral program 🥳
How about a Roadmap update? Any exciting new features in Q2?
We are thrilled to reveal our upcoming Roadmap as following:
📌 RaceFi: Open Beta
📌 RaceFi: NFT Sale
📌 RaceFi: Game Launch — Mobile, PC
📌 RaceFi: Official Season 1: Road to the Word of Crypto
📌 Staking V2
📌 Land Sale
📌 RaceFi: Official Season 2
📌 RaceFi: Customize Features
📌 RaceFi: Rally Private Beta
📌 RaceFi: Racing Club Power vote
📌 RaceFi: Public Rally Launch
📌 RaceFi: Official Season 3
What an excellent Roadmap
Thank you for all the details and information @Lucy | RaceFi
Now let’s move on to the 2nd segment of our event. The question and answer portion ❓ 🗣️
We’ve received a lot of questions from our users on Twitter, but we have only chosen the 5 best questions. So let’s get started 🚀
Question no. 1 from user @Messijnrz
What is the role of NFTs in RaceFi, and how do players acquire and use them in the game?
In RaceFi, our NFT will be various car models, and they are used to take part in every races in our game.
To possess RaceFi car, you can buy directly from our RaceFi Portal (which will be launched with the game release this quarter), or you can join our events and get a chance to win RaceFi NFTs as a reward.
Follow our social channel to update the latest news and look forward to the launch of our Portal. 🥰
Question no. 2 from user @cudosinichi9
While doing research on your Whitepaper, I found about two main game features which are Pure race and Battle race. Can you please give me info about these 2 Main Game Features and what are the main differences between these two?
At the beginning, RaceFi consisted of 2 main game modes, Pure race and Battle race. However, at the moment, we have changed and upgraded the game modes, becoming Single-Player and Multi-Player mode and each mode will have its own characteristics:
- Single-Player: players will directly drive and control their cars and overcome challenges along the road within a limited time to win the prize. In this game mode, players need to pay an amount of fee to race and the reward will include other players’ fee as well.
- Multi-Player: Players will race directly with others. They need to use their skills like a professional racer to beat their opponents and take the top spot on the leaderboard. Moreover, this mode is free to access.
Question no. 3 from user @Adhityas0O
Partnership is one of the important factors for every project. Could you name some of your partners? What are the benefits that you get from them? And is there any partnership that will be established in near future?
From the early start till now, we’ve established many partner relationships with other projects from various areas, such as: Solana, Kucoin, AFKDao, MetaOne, Good Games Guild, Liberty Games Guild, …
In the near future, we will proceed to make partnership with more partners to develop our game and attact more users as well.
Notably, we will join with Ancient8 in this month, and Liberty Game Guild in the next month to host interesting activities for you guys to take part in and get chances to win the prize. So stay tuned!!! 😘
Question no. 4 from user @TraderJOHN_8888
I really love to racing games(I used to play NFS everday) but I dont have experience playing Metaverse based games. is it easy to start playing in Racefi ? What’s the first step to play in your platform? will you have some kind of explanatory content for crypto-beginner players?
In some parts, RaceFi is also like every other traditional and racing game. However, because our game is blockchain based, so there will be some differences:
Firstly, you will need your own wallet to access our game, we accept wallets from Solana, BNBChain and Polygon such as: Metamask, Phantom, Coinbase Wallet.
Secondly, players will have to own $RACEFI to join some of our game modes. And to earn $RACEFI, players can buy on Kucoin exchange, be the top rank of the game or win our special events.
For the last Twitter question from user @CryptoKhangng2
It says $RACEFI as governance token. Can $RACEFI token holders vote on future DAO proposals, what are the requirements, and can $RACEFI token holders share transaction fees?
At this moment, we are developing our Treasury Community, and DAO will definitely be one of the main features of our project in the coming stage. However, it’s too soon to tell you more details about this now, please stay tuned and look forward to RaceFi DAO in the near future 🥰
Thank you so much for the detailed answers @Lucy | Race
That’s all for the Twitter questions guys!
Now, it’s time to take live questions from our community who are with us today 🥳
LIVE AMA QUESTIONS :
How many blockchains supported by your platform? And what are the plans for integration of other Blockchains? Is there anything in pipeline?
Our game’s vision is going multichain inclusing L1 and L2, at this moment, our main chain is Solana. We are in the process of working with some partners about this issue and we will make announcement soon in the future.
I see two tokens designed in the project, as RCOIN for currency in-game and RACEFI for governance. Can you explain why you need two types of tokens? Also, Can you share the types of governance decisions that may occur in your project?
At this moment, we’ve already removed $RCOIN, and $RACEFI is our only token. The utilities of this token will be mentioned in details in our next updates.
How do you balance the development of new features with bug fixes and optimization in the roadmap?
Sure, we have a team with many years of experience in making games, and with the help of the community, we are confident that we will be able to balance new development and patch updates.
what are strategy #RaceFi planning to attract more users in your Platform ? Do you have any events or referrals program running in your platform?
We have many upcoming campaigns to attract the community, but for the project to run well we need your help. That’s the reason we are building our Treasury Community.
I see Q4 team will launch Rally Private Beta. So can you tell me what Rally is?
We have plans for more interesting types of game modes for players and Rally is one of those. For this game mode, players will control special cars to run on harsh roads and complex terrains such as deserts, ice, snow, … This mode requires players with high skills and the ability to observe and react to unexpected situations occurring on the track.
RaceFi is a Decentralised Metaverse and Car Racing game with Web3 infrastructure | Built on Multichain(Solana, BNBChain, Polygon), Unreal Engine 5, AI/ML. All ownable parts of the game are in the form of verifiably owned NFTs. Within RaceFi’s ecosystem, players can earn while enjoying various game modes to satisfy the thirst for speed or make a profit by owning in-game property.