Humble and Honest Devs from Estonia and Canada Have Found the Solution to the P2E Sustainability Problem, Aiming to Change the Landscape of the P2E Space

For those that haven’t yet heard of the latest play-to-earn (P2E) trendsetter: Coinracer is a cryptocurrency-based project on the Binance Smart Chain (BSC) that, seemingly, has found the solutions to the problems that have been running rampant in the space. The world was introduced to “play-to-earn” crypto-gaming in 2021, a type of investment that allows investors to profit by playing video games. This new investment model quickly gained popularity, but stability and security have proven to be a concern in its first year.

Project after project has achieved parabolic growth, a mass following, then catastrophic collapse, and abandonment by its community. Of course, these have been the optimistic circumstances for investors, as many more projects have been intentional pump and dumps, slow rugpulls, or even worse: very elaborate rugpulls like those [CryptoCities, and affiliates] that recently stole millions from investors.

 *Cue the trendsetter: Coinracer*

Coinracer features blockchain-powered racing game with a low-poly design that taps into the nostalgia of all age groups, thinking back to the Mario Carts and Need-for-Speeds of yesteryear. But the developers at Coinracer have been sure to leave options vast and open; as it stands there is a tournament mode (which has been used by other platforms as decider rewards, such as GameStation’s “Play4Allo”) that is typically run on a weekly basis, (for the first time ever) a live multiplayer game running real-time with users paired by region in the game mode’s lobby (PvP), and most recently announced the oh-so-popular “click-to-earn” single player game mode (PvE).

In tournaments and PvP competitions users will have control of their race car for the first time in crypto history (due to Coinracer's OpenGL game development). That's correct! Probability or pre-calculated formulas have no bearing on the winner. Instead, the winners of this eSport-inspired game are judged by ability, perseverance, and experience. Creating an atmosphere that is both engaging and competitive for both rookie and professional gamers!

If bringing the blockchain’s first real-time, user-controlled multiplayer game wasn’t enough innovation, Coinracer’s development team has found a sustainable economic structure for the “click-to-earn” game mode: ChipRace. For almost six months the developers at Coinracer have been preaching the problems in the P2E space, while many were just starting to experience the parabolic growth. COO, Anthony Francis even went on to publish rough drafts for an educational marketing campaign in the Coinracer communities – outlining the major problems that continually take down projects, the solution that the Coinracer team has proven, and a real World analogy to make it more relatable for readers.

These past few months we have watched the biggest P2E project come to their demise due tactical and strategic FUD, poor efforts to preserve long-term sustainability, and scams of all sorts (including a rugpull from one of the biggest crypto-gaming projects in the World). There have been magnificent displays, throughout the year, of the potential success a project like these can claim. However, reality has been the same time and time again: tragic conclusions. The period of times has also been a great time for those that have been studying. Gentlemen like Coinracer core team have begun to determine the fundamentals that a project like this requires; and David, Mark, and Anthony have already put their knowledge to work with their next-gen gaming ecosystem.

How Coinracer will revamp the P2E Ecosystem?

The main objective of Coinracer is to deliver a race-to-earn cryptocurrency gaming format to millions of people. Coinracer can bring something new to the table by combining blockchain and 3D gaming with the abilities. Coinracer brings together the fun of playing games with the chance to earn cryptocurrency. The company’s goal is to build a huge metaverse for racing crypto and racing fans. Coinracer’s business will not come to a halt; it will continue to strive to deliver something new and intriguing to the community.

Coinracer's key strength is its team which is made up entirely of highly qualified game, blockchain, and marketing professionals. It’s easy to see what works, what is possible, and what isn't by being immersed in the crypto game industry for a long time. The founding team of Coinracer is based in Estonia, with individuals working in the United States, Asia, and Canada. Coinracer is making its presence known by completely overhauling and rewriting the structure of a P2E project. At a surface level glance, obvious notable changes in the Coinracer model are:

• Total Supply: Fixed (no minting or burning of tokens)
• Rewards Pools: Fixed (team decides any fluctuation in total rewards given each month)
• NFT Minting: Controlled Supplies

In short, these three seemingly minor changes completely alleviate a project of two major ailments: token inflation and NFT saturation. But to provide healthy circulation volume and true long-term sustainability.

During the P2E bull run of 2021, there were plenty of possibilities to earn money while playing, but there were no genuine games to play. The gameplay in Generation 1 consisted of a mix of probability, chance, die rolls, and back-end algorithms. This appeals to card game lovers and investors who aren't looking to play; yet, in order to break into the recreational gaming and eSports competitive gaming industries, there must be some amount of engagement and user control. Coinracer, a Gen. 2 P2E gaming benchmark, is once again leading by example, having added interactive user-controlled gaming, real-time multiplayer competition, and featured the Gen.1 aspects that many people enjoy:

• Fair Play PvP (skill-based multiplayer, wagered income)
• CR Rumble PvP (skill and progress-based multiplayer utilizing upgradeable attributes, wagered income)
• ChipRace PvE (probability-based single-player utilizing upgradeable attributes, passive income generation)

The Coinracer team has decided to roll out the Beta version of Coinracer in February. The in-game economy is based on $CRACE tokens. Before the race begins, players contribute a set quantity of tokens to a reward pool. The reward pool allocation between race winners is controlled by the CSP or CoinracerSmartPool mechanism. $CRACE is a Binance Smart Chain BEP20 token with a total supply of 100,000,000. Because of the amount and progressive release, our NFT drops will have a one-of-a-kind value. With the release of Coinracer Alpha 1.0, the company will offer a single-player mode for players to practice and acquire a feel for the game, as well as one free-to-play car. Multiplayer mode in Coinracer will be available only to those who own one of our minted NFT automobiles in the future.

To know more about Coinracer visit Coinracer.io

Twitter : https://twitter.com/coin_racer

Telegram : https://t.me/coinracerofficial

Medium : https://medium.com/@coinracer

Discord : https://discord.com/invite/AqWHXP3Jk7

Media Contact:

Contact Person: Anthony Francis, COO

Company Name: Coinracer

Email: anthony@coinracer.io

Province: Alberta

Country: Canada

Website: https://coinracer.io/

Source: Coinracer