KingSpeed to Excerpt Parts of INO Revenue to Buy Back $KSC

After the success of their KingSpeed Token Offering, KingSpeed has announced their Initial NFT Offering (INO) event for January 2022.

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BSCNews
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January 9, 2022
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KingSpeed INO Starts in January

Initial NFT Offering (INO) is a new form of fundraising. Accordingly, the revenue from selling NFTs will return to serve the interests of users of KingSpeed. Similar to an IDO, an INO gives projects and creators the ability to engage supporters and communities by issuing Non-Fungible Tokens.

The Initial NFT Offering allows participating investors to benefit from the scarcity of NFT. The INO is scheduled for 3 dates:

Furthermore, there will be 1000 boxes listed in total:

  • Alpha Boxes | 179 BUSD each | Stage 3–6
  • Beta Boxes | 299 BUSD each | Stage 4–7
  • Gamma Boxes | 459 BUSD each | Stage 5–7
Source

There are 4 parts combined that will create a complete KingSpeed’s NFT Car: Hull, Wheels, Engine, and Control board. The cars have power from 800–950–1150–1350–1600 which will be played at stages 3–4–5–6–7, respectively. The higher the car’s power, the higher the stage, the more money you will earn. A total of 4000 pieces will be circulating in this INO event.

In order to appreciate and protect the interests of users in the community, the KingSpeed team has decided to deduct part of the revenue from the upcoming INO event to buy back the $KSC Token. 


About KingSpeed

KingSpeed is a free-to-play and play-to-earn blockchain-based racing game where players use NFT cars and equipment to challenge other players in a huge and ever-expanding racing world that we created. In Kingspeed, users can collect rare virtual items, including Cars, Drivers, Gears, and Race Tracks. 

They can use their collectibles to race in KingSpeed racing games. The design of the collectible components of the game simulates traditional scarcity-based collecting games. The racing game will contain multiple game modes and activities, allowing users to earn rewards while playing the game.

For more information about KingSpeed, visit the following links:

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