Animoca Brands will open up trading on the Uniswap market for its cross-game REVV token on Friday September 4th. Trading will start with an initial price of $0.00666, according to Cointelegraph. REVV is a game token that players need to compete, but also earn by owning content. It powers the racing game F1 Delta Time and an upcoming MotoGP game.
The launch of the REVV token marks the second token launch in a short time for Animoca Brands. Last month the company launched SAND on Binance for $0.008333. One SAND is now valued a little bit more than $0.05. Whether REVV will see a similar growth remains to be seen.
There’s a total supply of 3 billion REVV token on the market. This supply is allocated to the two racing games. In addition REVV tokens will go to the team and advisors, player rewards and reserves for future developments. F1 Delta Time gets 500 million REVV, which is split between game operations (50%), marketing (4%), staking (6%) and a reserve pool to accommodate market growth (40%).
How to use REVV?
REVV can be used for purchases and in-game activities. Players for example need to pay an entry fee to join in F1 Delta Time’s game modes. In addition they can stake the token and earn in-game assets that way, while game assets can be staked as well. This will earn the gamers REVV.
Gamers who have bought crates or registered themselves on the official website will receive some free REVV. Animoca Brands is distributing 6.02 million REVV among its community.
Players who own digital car parts or drivers, can earn REVV by staking them. This would allow other gamers to use their assets. In addition the REVV token is needed to maintain the quality of certain items, like for example the tires.
REVV exists on the Ethereum blockchain, and can be used in two games. This also means that players can use tokens earned in one game in the other game. Of course gamers can also sell their earned tokens on an open marketplace, like the one that Animoca will open on Uniswap.
What is F1 Delta Time?
F1 Delta Time is one of the officially licensed sports games from Animoca Brands. In this blockchain game players can collect virtual cars, drivers and car parts. Each of these parts is an unique non-fungible token and can be collected, traded, used or sold individually. Some of the very rare vehicles have sold for 16 thousand dollars through an auction. Animoca Brands already made thousands of dollars through a variety of auctions.
Competitive racing will be a core element of F1 Delta Time. Each car has characteristics unique to the vehicle. Acceleration, grip, top speed, and luck are the elements that will influence the car’s performance. Currently the races are shown top-down and feature limited gameplay options.
The Racing Game presents the players with tracks from the official Formula 1® season playable from your browser. Players go head-to-head in qualifying sessions, before going into the final race. Similar to the Time Trial, car and driver compositions are key. The right track requires the right composition, as well as the most suitable tires for the current weather.
During qualifying, the player is in direct control of their car and driver. The player needs to control the speed of their car, decelerating as the car enters a corner, and then accelerating back out. Timing and control result in better maintained speed, and therefore better times.