Article Summary, Automatically Generated By AI
Summary of zkRace (ZERC)
Key Points
- zkRace is a Web3 horse racing game and zk-rollup infrastructure powered by ZERC token.
- Founded by Adomas Juodišius and Adelaida Sinkevič, with a 18-people strong core team.
- IDO launched on July 16, 2021, and beta version launched on Dec. 28, 2021.
- ZERC token has a total supply of 120M, with 120M in circulation.
- ZERC token is an ERC-20 token, secured by the Ethereum blockchain.
Numbers and Figures
- July
Introducing zkRace: Revolutionizing the Realm of Blockchain Gaming
Introducing zkRace (ZERC): A Revolutionary Cryptographic Solution
zkRace (formerly DeRace) is the pioneering Web3 horse racing game and the world’s inaugural cutting-edge zk-rollup infrastructure, specifically designed for GameFi and fueled by the ZERC token.
zkRace’s powerhouse token, ZERC, is poised to spearhead the GamiFi revolution, unlocking unprecedented utility by simultaneously fueling the game and its underlying infrastructure.
The project embarked on its inaugural decentralized offering (IDO) on July 16, 2021, in collaboration with DAO Maker.
The beta version of zkRace was unveiled on December 28, 2021, marking a significant milestone in its development journey.
The Visionaries Behind zkRace: Meet the Founders
zkRace is the brainchild of W3Forge, a pioneering Web3 development studio, incubator, and accelerator. The core team, comprising 18 members, hails from Lithuania, the UK, France, Dubai, and Switzerland. Co-founded by Adomas Juodišius and Adelaida Sinkevič, zkRace is spearheaded by Adomas as CEO. Prior to this venture, Adomas was the founder and CEO of Media Bubbles, a Vilnius-based marketing agency that specialized in providing e-commerce stores and web-based platforms with digital presence, web architecture, and security solutions, as well as digital marketing expertise. At zkRace, he continues his collaboration with Adelaida Sinkevič, co-founder of Media Bubbles and CMO of several high-profile startups, now serving as zkRace’s CMO. The team is further bolstered by an impressive advisory board, featuring Hassan Sheikh, co-founder of DAO maker; Michael Kam, co-founder of Double Peak, an Asia-based blockchain VC fund; Michael Owen, former professional footballer and current horse breeder and trainer; AB de Villiers, former South African international cricketer; KmanuS88, entrepreneur and renowned YouTuber; and Alex Becker, CEO of Hyros and prominent YouTuber.
Unveiling the Unparalleled zkRace Advantage
zkRace occupies a singular position as the pioneering Web3 horse racing game, concurrently serving as a comprehensive infrastructure poised to revolutionize the Web3 gaming landscape.
As a pioneering Web3 game, zkRace occupies a vanguard position in the Web3 gaming landscape, redefining the NFT horse racing metaverse with its scalable, transparent, and player-centric approach. By transcending the limitations of single-chain ecosystems, zkRace is poised to dominate multiple blockchain networks, establishing itself as a trailblazer in the industry. This innovative, player-driven platform seamlessly merges real-life racing dynamics with immersive digital experiences, catering to both seasoned athletes and newcomers, while bridging the gap between crypto enthusiasts and those new to the space.
On the infrastructure side, zkRace leverages cutting-edge Layer 2 zk-rollup Validium technology to revolutionize Web3 gaming. This innovative system effectively eliminates financial barriers and fosters transparency by facilitating near-zero gas fee transactions for minting, trading, and storing data. With its proprietary Validium solution, zkRace ensures seamless gameplay unhindered by blockchain congestion, enables scalable off-chain data storage, and maintains rigorous on-chain verification of all game data integrity. These capabilities position zkRace not merely as a game, but as a robust framework that propels the GameFi industry forward.
What Is the Circulating Supply of zkRace (ZERC) Coins?
zkRace (ZERC) boasts a total token supply of 120 million, with its native token, ZERC, being fully unlocked and boasting a circulating supply of 120 million tokens.
Notably, 28% of the total allocation, equivalent to 33.6 million tokens, was sold in the private round preceding the public IDO. At a token valuation of $0.05, zkRace secured $1.68 million in funding from esteemed investors, including DAO Maker, Animoca Brands, LD Capital, and other prominent venture capital firms. Furthermore, 6% of the total supply, amounting to 7.2 million tokens, was reserved for the IDO in July 2021. Additionally, 15% (18 million tokens) was allocated for marketing initiatives, while 25% (30 million tokens) was designated for liquidity incentives. The team received 10% (12 million tokens), advisors were allocated 5% (6 million tokens), and 11% (13.2 million tokens) was reserved for development purposes.
The zkRace Network’s Unwavering Security: A Pillar of Trust
The zkRace Network’s Security Framework: Leveraging the Ethereum Blockchain. As an ERC-20 token, ZERC is inherently tied to the Ethereum network, which operates on a proof-of-stake consensus mechanism. This decentralized system is safeguarded by a vast network of approximately 11,000 nodes, providing robust protection against potential attacks on the Ethereum blockchain. The popularity of Ethereum as a launchpad for new tokens stems from its standardized token protocols, thriving developer community, and the blockchain’s inherent resilience. Notably, Web3 projects like zkRace often opt for Ethereum due to its unparalleled visibility and extensive exposure to new traders.
Will zkRace (ZERC) Reach the $1 Milestone?
Notably, zkRace has already reached an all-time high of $8.45 in November 2021, a staggering 165-fold increase. Having debuted at an initial launch price of $0.05, surpassing the $1 milestone would necessitate a 20-fold surge for ZERC. While this may seem a daunting task, it is by no means unachievable. The recent success of Axie Infinity (AXS), which soared to an all-time high after launching at approximately $0.15, serves as a testament to the market’s voracious appetite for promising NFT and metaverse gaming projects.
Where to Acquire zkRace (ZERC) Tokens
The zkRace IDO debuted on July 26th on DAO Maker, and has since been listed on a plethora of esteemed exchanges, including Crypto.com, Gate.io, KuCoin, Uniswap, Pancakeswap, and QuickSwap. For those intrigued by the prospect of acquiring ZERC, a comprehensive guide on initiating the purchase of this token, as well as other cryptocurrencies, can be found
here
.