What is Revvmotorsport (REVV)?
REVV —— Utility Token for Motorsport Blockchain Gaming
- REVV is an ERC-20 utility token designed to be the currency of purchase, utility, and action in supported play-to-earn motorsport blockchain games.
- Supported games include:
- F1® Delta Time: the official Formula 1® blockchain game
- MotoGP™: an upcoming game based on MotoGP that combines strategy and management with the intense thrill of motorcycle racing
- Formula E: will coming soon
- The purpose of REVV is to serve as a single currency connecting multiple Animoca Brands blockchain game titles based on motorsport intellectual property.
Revvmotorsport Key Metrics
The REVV token is a fungible cryptographic token that exists on the Ethereum blockchain. A fungible token is an asset that is interchangeable with tokens of the same type, so that one REVV token always has the same value and properties as any other single REVV token.
REVV is the main utility token and in-game currency of the branded motorsports games produced by Animoca Brands, including F1 ® Delta Time, an upcoming title based on MotoGP™ intellectual property, and Formula E which will come soon. REVV is being leveraged as a cross-title utility, and the driving force behind the Play-to-Earn model.
REVV is designed to leverage the blockchain assets concept of interoperability, wherein a token can be utilised across multiple connected products. Having one utility token for multiple game titles offers various benefits to players and game publishers and will encourage players to explore the other games that are part of this connected ecosystem, and has the additional potential benefit that any content or tokens could increase in utility as the larger token ecosystem expands.
About Animoca Brands
Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products utilizing popular intellectual properties such as Formula 1®, Marvel, Garfield, Snoopy, Thomas & Friends™, Power Rangers, MotoGP, and Doraemon. Animoca Brands' portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, United States, South Korea, Finland, Argentina, and the Czech Republic
REVV Use Cases
REVV tokens have the following use cases in Animoca Brands' blockchain games:
- NFT Purchases: as a means to purchase exclusive NFT for F1®Delta Time and other games.
- Gameplay Entry Fees: as the registration fee for all game modes.
- Gameplay Rewards: The part of the game fee for each game will be used as a reward for players based on their game performance. Part of the game fee will also be paid to the owner of the track (NFT purchaser) as a bonus.
- Staking: The owner of the racing NFT can earn REVV by “stake”.