AMA

RacewayX AMA Transcript

" A multi-chain text-based strategy racing game with blockchain-powered economy and prize pool redistribution contracts "

Stephanie (BSC.News)

Hello everyone and welcome to the AMA with RacewayX! Today we have @doncorlie joining us to talk about their exciting new project. Great to have you here :)

Don Corlie

Hi Stephanie, glad to be here and thank you for having us today.

Stephanie (BSC.News)]

Pleasure to have you here today!

Let's dive right into the questions 😃

So to kick things off, for those who may be unfamiliar...


1. Please introduce yourself and the team behind RacewayX.


Don Corlie

Sure,

Hi everyone, My name is Donald, I function as the CEO and concept developer for RacewayX. Our team comprises high-performance individuals with depth knowledge and experience in crypto space as well as gaming.

Our CMO in person of @racewayx has over 5 years experience in   investor relations, marketing and community management and has been in the blockchain space for over 4 years.

We also have our CTO in the person of @toTheApex, who has extensive experience building technological solutions and has been in the blockchain application development space for a while.

@mickangelo is our Graphics Designer and game dev lead who is a game nerd to a fault!

I should also mention our head adviser - Marcelo S. who is well known in this space. He is the founder of iBetCrypto and co-founder of Miami Crypto Board.

I would say we are the new  “Avengers team" of GameFi 😁

Stephanie (BSC.News)

Awesome! Thank you for that amazing introduction, sounds like you have an amazing Avengers team behind you

Don Corlie

You bet!

Stephanie (BSC.News)

So let's talk about the project itself


2. What is RacewayX and what’s the vision and mission of your team?


Don Corlie

In summary, RacewayX is a multi-chain text-based NFT driven strategy racing game with blockchain-powered economy and prize pool redistribution contracts. Players can earn either by playing the game or owning parts of the game with ownable parts of the game in the form of verifiable NFTs.

Imagine a game where you truly own part of the game assets, you can either rent or sell your maxed out car NFT or earn passive income for every game played just for owning part of the shares on gas stations, tuneup garages and racetracks, etc

A real NFT driven game for gamers not just a collection of jpgs with inflated price value.

RacewayX is built on the ideology that gamers should be given the right to own and control the game economy. To create a blockchain game where the economic growth would be driven by the players.

Our Vision is to be that GameFi project that creates a level-playing ground for everyone to join the GamiFi train unlike what we have at the moment.


Our Mission is to deliver fun experiences to our audience while they make money with Tokens & NFTs with real UTILITY!

Stephanie (BSC.News)

Great! I will come back to the rewards in the later part of the AMA. Let's unpack a bit as there was a lot I wanted to touch on. So first let's talk about your token


3. Can you tell us about $RWX and how are they used in the platform? What’s the tokenomics?


Don Corlie

Sure, $RWX is the governance token which would be used to both govern and build the game economy.

This will be done by having all in-game purchases made with $RWX token and all prices would be matched against the stable dollar. So even if there is a dip in the market, the price for in-game purchases remains constant and we will have a consistent buying pressure with green candles.

As regards to the tokenomics, We have a total supply of 1 billion and the initial circulating supply would be about 32m approx considering the vesting schedule we have in place.

Detailed tokenomics with vesting schedules can be found here:

Stephanie (BSC.News)

Very neat! Thanks for sharing the link as well.


4. What do you need to get started on RacewayX?


Don Corlie

Thank you.

First, you need to own a car NFT, then buy some $RWX which you will need for all in-game purchases/activities including race entry fees.

I think I need to break the process down for better understanding

Step 1: Buy NFT car

Step 2: Ensure to buy $RWX token

Step 3: Buy Gas

Step 4: Select a racetrack you are eligible to race-in

Step 5: Select a race strategy: Race conditions + Player Strategy + AI = Best will win

The winner wins 50% and the 2nd + 3rd place shares the remaining 50%.

Here is a snippet of the user flow:

The video shows the first iteration of RacewayX base gameplay with core functionality for choosing a strategy to the 2D gameplay itself.

We will have a detailed build for beta testers in March.

RacewayX will initially be launched on BSC before we integrate other chains.

Stephanie (BSC.News)

How much is it to buy a car for the race?

Don Corlie

The prices ranges from build series but the lowest price will cost $25!!! which is the common series.

We will have more details shared soon.

Stephanie (BSC.News)

$25 is very affordable! I find the barrier to entry on some of the projects coming out is way to high

Don Corlie

Remember our Vision?

We want to turn that table!!!


Stephanie (BSC.News)

Brilliant!


5. Please tell us about the followings

a. The cars

b .Gas stations

c. Tuneup garage

d. Race Tracks


Don Corlie

The Cars

NFT Testnet link:

Like I mentioned earlier, this is the core asset of the game and it’s required to play the game. We have 6 build series with CMR, details can be found here: https://whitepaper.racewayx.com/overview/the-cars

There would be a lifetime royalty for all early birds on each car NFT owned during the initial drop.

Attached is what one of the cars looks like, this has a CMR value of 0.005%!

For Gas Stations

Testnet link:

Gas functions as the entrance fee for races. To enter a race, racers must stop at a Gas Station and buy fuel with RWX Tokens.

It is also the rarest asset in the game. We will have ONLY 20 gas stations which will be auctioned as an IGO with owners being able to earn up to 60% reward share for every Gas bought in our ecosystem

You can learn more here:

Tuneup garage

NFT Testnet link:

As you play the game, you will need to upgrade your cars to be eligible in different racetracks and increase your chances of winning.

Total proceeds from upgrades purchased at all Tuneup Garage will be pooled together and distributed evenly to all Tuneup Garage owners!

This will also be auctioned as an IGO.

You can learn more here:

Racetracks

We have 7 racetracks with different entry criteria and in Q4 we plan to migrate to Sandbox Metaverse where we will be selling plots : )

We also build a fairplay system around our racetracks by matching players with similar ranks to play on certain tracks. For example a higher ranked player won’t be matched with a player with lower rank.

You can learn more here:

Stephanie (BSC.News)

Awesome! Thank you for the explanation


6. Can you briefly describe to us all of the various rewards you offer on your platform?


Don Corlie

I would love to highlight the two major rewards asides from community incentives which we have:

1. We’ve got lifetime royalties for anyone who buys our initial car NFT drop

2. IGO for Gas Stations and Tuneup Garage with 60% reward share distribution.

Stephanie (BSC.News)

Sounds good!


7. Is all of your SC on your project audited?


Don Corlie

Thank you.

Yes, we've been audited by Solid Group and we are planning to have a certik audit done soon as well.

Here is the report from Solid Group: https://audits.solidgrp.io/racewayx/audit-results

Stephanie (BSC.News)

Great! Last but not least..


8. Any exciting news you would like to announce here today?


Don Corlie

Awesome, We have a list of exciting events slated for March.

First, we will be having our IDO from March 2nd to 8th and listing on the 9th.

This would be followed by our Genesis NFT drop the following week.

Also our community members will start the Beta Testing phase of our game as well.

March will be a pretty busy and exciting month for us!!!

Stephanie (BSC.News)

It's definitely some exciting stuff! Would you be able to provide us with social media links so that our community could follow?

Don Corlie

Sure,

Telegram:

Twitter:

Medium:

Youtube:

Whitepaper:

We hope to see you all

Stephanie (BSC.News)

Great! Make sure that you guys go and check out RacewayX! Their platform offers you exposure to the best projects on BSC all while rewarding you for using their innovative ecosystem!



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