AMA Recap: CRYPTO MINERS X RAZE RACING

Raze Racing is a cutting-edge racing game that brings the thrill of high-speed competition to the world of Web 3.0 gaming brought to you by the Shoefy. With its innovative gameplay and NFT-based collectibles, Raze Racing is poised to become a favourite among car enthusiasts and gamers alike. Raze Racing takes the gaming experience to a new level, with its use of blockchain technology, which enables the creation and ownership of unique, raze non-fungible tokens (rNFTs). These tokens can be used to purchase and collect cars, upgrades, and other in-game assets, creating a new dimension of ownership and value in the gaming world.

We hosted an AMA session with Raze Racing on 20th July.

Mr. Ramsy was the host from Crypto Miners and Mr. Paras, Project Manager of Raze Racing was the guest. He shared delightful knowledge and unique features of Raze Racing.
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Segment 1️⃣: Introduction

Ramsy | Crypto Miners:
Hello everyone 👋 Welcome to Our Another AMA session With RazeRacing

Today, we are very honored to invite Mr. Paras to be our guest in our today’s session to introduce RazeRacing

Hey Paras✋

Paras:
Hi Ramsy, pleasure to join today

Ramsy | Crypto Miners:
Welcome here mate

Thanks for joining with us today ❤️

First of all can you introduce yourself to us?

Paras:
Sure mate!

Hello everyone,
The lovely community of Crypto Miners. Hope you are doing great today.

Myself Paras, and i look after Game Development and Marketing at RazeRacing. With over 6+ years experience in crypto space, I have advised 53+ crypto, metaverse, oracle, defi projects with marketing and project management.

Ramsy | Crypto Miners:
Nice to meet you Paras 🤝

Now let’s begin our first part of the session — Project Introduction

I’m pretty sure that our community is very much excited for that ✌️

Are you ready mate?

Paras:
Yes

Ramsy | Crypto Miners:
So let’s begin…

1. Could you make a brief introduction about RazeRacing?

Paras:
RazeRacing: Thrill of the Race, Power of the Blockchain

Welcome to RazeRacing, an exciting blend of high-speed competition and strategic gameplay, powered by Web3 and NFT technology. Designed for the next generation of gamers and crypto enthusiasts, RazeRacing provides a thrilling and immersive racing experience, where players can compete with their peers, earn rewards, and make their mark on a vibrant and growing community.

At the heart of RazeRacing is an intense, fast-paced racing experience brought to life through stunning graphics and dynamic game environments. Players can showcase their skills in various game modes, each offering unique challenges and rewards. Whether competing in adrenaline-pumping tournaments, betting against others in wager races, or honing their skills in free-to-play mode, RazeRacing offers a mode to suit every player’s preference.

Beyond the race track, RazeRacing extends into the world of NFTs and decentralized finance. Players can own, trade, and utilize unique rNFTs (Racing Non-Fungible Tokens) that influence their in-game performance and strategy. From high-performance race cars to game-changing power-ups, each rNFT plays a crucial role in the RazeRacing ecosystem.

The integration of the $RAZE and $xRAZE tokens adds another dimension to the RazeRacing experience. These tokens power the game’s play-to-earn mechanics, allowing players to reap financial rewards from their racing prowess and strategic acumen.

RazeRacing is not just a racing game; it’s a thriving, interactive economy where the stakes are high, and the rewards are real. Gear up, step on the pedal, and get ready to immerse yourself in the thrilling world of RazeRacing.

Here is a quick intro to RazeRacing, hope this is helpful for the community

Our game is going live on Binance chain and Polygon first by next week.

Also we plan to launch on various other L1 and l2 in near future

Ramsy | Crypto Miners:
Thanks Paras for this well start

Let’s see the second question from this segment…

2. What are the features of RazeRacing that makes it special as comparing other Game-fi projects?

Paras:
Sure happy to answer

This might take more than few lines.

😅

Ramsy | Crypto Miners:
No prob ✌️

Happy to have more info 😃

Paras:
RazeRacing stands apart from other GameFi projects owing to its unique set of features and strategic integration of gaming with decentralized finance:

1. Innovative Gameplay: RazeRacing boasts a high-quality 3D racing experience on both mobile and PC platforms. The stunning graphics and immersive game environments set a new standard for blockchain-based gaming.

2. rNFTs and Their Utility: The incorporation of Racing Non-Fungible Tokens (rNFTs) within the game, which includes unique race cars and power-ups, provides players with ownership and added utility within the game. These rNFTs can influence in-game performance and be traded in the game’s marketplace, thus holding real-world value.

3. Multiple Game Modes: Offering various game modes such as Free 2 Play, Wager, and Tournament Mode, RazeRacing caters to different gaming preferences and strategies, enhancing user engagement.

4. Dual Token Economy: RazeRacing innovatively uses a dual token system ($RAZE and $xRAZE) that facilitates a robust play-to-earn model. The $RAZE token has governance utility and is tradable on-chain, whereas the $xRAZE token is used for in-game transactions and rewards.

5. Multi-Chain Support: RazeRacing is built to support multiple blockchains, starting with Polygon and BSC, offering wider accessibility and flexibility to players.

6. Low Entry Barriers: The game is designed to be inclusive, with affordable NFTs and low requirements for graphic processing units, enabling a larger user base to participate.

7. Decentralized Autonomous Organization (DAO) Governance: RazeRacing empowers its community through a DAO structure, where $RAZE token holders can participate in decision-making processes, shaping the game’s future developments.

8. Play-to-Earn Mechanism: The game implements a reward system where players can earn tokens and NFTs based on their performance and participation, providing tangible incentives.

9. Future-Ready: RazeRacing is preparing for future expansions into Virtual Reality racing and integration with the broader Metaverse, thus showcasing its commitment to continuous innovation and improvement.

This unique blend of advanced gameplay, strategic tokenomics, and community-driven development makes RazeRacing a standout project in the GameFi space.

More information is also available on our whitepaper as well

Ramsy | Crypto Miners:
3. Can you provide an overview about RazeRacing Gameplay? And what are the requirements to play the game?

Paras:
Sure

The gameplay caters to wider audience in web3 space

The game has in built web3 experience making it one of the first racing game in web 3 space to integrate such feature.

The game is going to be accessible on the windows Mac iPhone, Android and gaming consoles via steam

Ramsy | Crypto Miners:
Impressive 👌

Paras:
The gameplay offers 3 modes

Free to play — open to all
Wager — bet your stablecoins to win against other online players

And multiplayer tournament mode for all to participate and win big in leaderboard competitions

Ramsy | Crypto Miners:
Mooving on…

4. Tell us about about the NFTs? What types of NFT are there now? What are the main functions of NFTs in your ecosystem?

Paras:
The rNFTs (Racing Non-Fungible Tokens) in RazeRacing are categorized into different rarities to add diversity and complexity to the gaming experience. While the exact number of rarities might vary, typical categories in many NFT-based games include Common, Uncommon, Rare, Epic, and Legendary with 11 different cars.

Which can be minted on our website on bsc, telos and Polygon.

App.razeracing.com

The rarity of an rNFT has several implications:

1. Gameplay Advantage:

Higher rarity rNFTs generally offer superior performance or abilities in the game. For example, a Legendary rNFT car may have better speed or handling than a Common one.

2. Scarcity and Value:

Rare rNFTs are fewer in number, making them more valuable. This scarcity can lead to higher demand and trading value on NFT marketplaces.

3. Aesthetic Appeal:

Rare rNFTs might feature unique designs or aesthetics that distinguish them from common ones, enhancing the player’s sense of achievement and prestige.

Access to Exclusive Content: Some games offer exclusive content or events to owners of rare rNFTs, providing them with unique experiences or rewards.

Ramsy | Crypto Miners:
5. Now Share about your RazeRacing token, what are its usecases and utilities in Your ecosystem? Also provide with us the tokenomics

Paras:
Sure

Raze Racing has dual token economy

The one live is xraze, which is pegged to stable coin in ratio of 1:1000

I.e. for every 1$ you will get 1000 xraze tokens

This is done to ensure safety of users funds from volatility perspective and will be only swapped on app.razeracing.com

Other token is raze$ which will go live later this year or next year.

Which is governance token of metaverse and racing ecosystem token for utilities like

Market place currency
Tokenbuy back and burns
Rewards for users for tournaments
Earning from renting cars
And much more

Ramsy | Crypto Miners:
Lastly What RazeRacing achieved so far and What important updates and developments can we expect in the future?

Paras:
That’s an interesting update for the community

So far we have made the beta live for our users who can play the free to play version of the game.

The game boasts it’s graphics as the gameplay exceeds existing web3 games in racing category.

We also partnered with bnb chain, polygon labs and Telos labs for development support and in process to apply for GameStop as official partner.

On top of this we are gearing up to onboard our first 100k users after the full mainnet launch

Thanks for these amazing questions, always happy to share more updates on RazeRacing

Ramsy | Crypto Miners:
Thanks Paras for this very detailed introduction about RazeRacing

That’s the wrap up of our the first part of the AMA session ✅

Let’s now proceed to our Twitter Questions section

I hope you’re ready for that!!

Paras:
Yes mate

Segment 2️⃣: Twitter Questions

Ramsy | Crypto Miners:
1. The reliance on blockchain technology in GameFi introduces potential security vulnerabilities. How are projects mitigating the risks of hacks, exploits, and fraud, while maintaining a secure and trustworthy gaming environment for their users?

Paras:
The game is completely on web3 which provides maximum transparency and users safety in their own hands. We are audited by leading auditors in the space when we go live for our mainnet.

Just like you would protect your private keys, that’s the best security we provide.

The transfer of tokens then can be transferred to game wallet which are based on multi sig cold storage protecting users funds even more at same time providing defi level security to the users

Ramsy | Crypto Miners:
2. Do users have to purchase a CAR NFT before they can be granted access to race and earn rewards in RazeRacing - Beta NFT Game | 05.09.23 ? Are users granted the right to rent out their CAR NFTS to friends?

Paras:
For access to game, you can download it from our website RazeRacing and start Playing the free to play mode

The earning access to play to earn starts with rnft cars which works for both wager and tournament

Users will be able to rent NFTs, for this we are leveraging Altura nft marketplace

This function will be live early next quarter

Ramsy | Crypto Miners:
That’s the wind up of our twitter segment

Now Moving on to our last segment — Live Q&A

Shall we Paras?

Paras:
Yes mate, ready for the next session with community

Ramsy | Crypto Miners:
Cool

Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)

1) Muneeb:
I am very fond of racing games and my childhood was awesome with Need For Speed and GTA games😄. How will you convince me to play the raze racing game? 😉

Mobile version is not launched yet while pc version is out. What are your plans for mobile version and what are requirements of pc for playing the game?

Paras:
This would have likely the same question asked.

Immersive gameplay experience coupled with sustainable revenue for users in form of nft rent, owning land and generating revenue from advertisement by cowoning arenas in game is something that will excite many.

Since very first day, we will be cash positive and have based the entire ecosystem on revenue to sustain rewards.

If we come back to gameplay, we are going to be on various platforms via steam which is widely used. Players can play with friends and or other players online.

The gameplay offers 3 different arenas, create their own laps, use nft powerups and upgrade their cars.

Daily claimables for login is another aspect which can bind the users to come daily and play atleast 5 rounds to utilize powerups that you earn free inside the game

2) Dary:
🏎️ RaceRacing includes double Token, which are: ($RAZE and $xRAZE) Can you tell me the different functions of these 2 tokens and what are their uses on the platform? Can you tell us why you entered 2 tokens? And the benefits of having a 2-token model?

🏎 Raze Racing is working on rNFT Mint Is there an incentive for early starters? What kind of reward did early adopters who bought an rNFT receive? What kind of benefit do these rNFT Mint offer? Is the coinage limited to a certain region?

Paras:
Benefits of rnfts is renting, earning from arenas as we do land sales and more.

Another aspect is launching a token in such nft fearing market is not a good idea, so we launched a stable pegged token to ramp up the game launch and onboard interested users to the game. Rest we feel the gameplay is so intereactive that users will definitely love it

For NFT minter we are considering retroactive rewards for users which will be interesting as well

3) Kitty BTC 😼:
I see that Free2Play Beta Live on Polygon Tesnet, how can I participate in this Beta version? Is it open to all public?

Paras:
Free to play is live and users can start playing even after the ama😎

*This segment ends here*

Ramsy | Crypto Miners:
Thankyou so much Paras for your valuable answers and information about RazeRacing 🏎

Time To Conclude Our AMA Section

Is there anything else you would like to share or you want us to know?

Paras:
Likewise mate, thanks for the amazing time

I think the questions to be the best ones so far.

Loved being here

On final notes

Ramsy | Crypto Miners:
On behalf of miners community wish all the very best for RazeRacing and the entire team behind the project❤️🤝

Paras:
I would like to bring attention of community to our ongoing genesis mint on app.razeracing.com

Ramsy | Crypto Miners:
Check it out guys 📌

Have a nice day Paras 👋

Community, If you would like to learn more about Raze Racing, here are some useful links for you

Website: https://www.razeracing.com/
Twitter: https://twitter.com/razeracing
Telegram: https://t.me/razeracing
Medium: RazeRacing - Beta NFT Game | 05.09.23
Discord: https://discord.gg/tzShTFFt8c