The REVV token is a fungible cryptographic token that exists on the Ethereum blockchain. A fungible token is an asset that is interchangeable with tokens of the same type, so that one REVV token always has the same value and properties as any other single REVV token.
REVV is the main utility token and in-game currency of the branded motorsports games produced by Animoca Brands, including F1 Delta Time, an upcoming title based on MotoGP™ intellectual property, and a third title to be announced soon. REVV is being leveraged as a cross-title utility, and the driving force behind the Play-to-Earn model.
In F1 Delta Time, players may collect, exchange and race with F1 Sport Motors, simultaneously adjust and upgrade to improve its competency with others.
Use cases
- NFT Purchase: REVV will be used as a means to purchase exclusive F1 Delta Time NFTs.
- Gameplay Entry Fees: players of F1 Delta Time pay REVV as an entry fee for all of the gameplay modes.
- Gameplay Rewards: a portion of the gameplay fees collected in each race will be used as player rewards.
- Staking: Race car NFTs owners can stake them to earn REVV, or stake REVV itself to receive additional REVV dividends as well as NFTs.
What is special about REVV?
REVV is a standard Ethereum ERC-20 token with commonly used interfaces. It also supports contract operators whitelisting to provide approval-free REVV tokens transfers throughout the company’s contracts ecosystem.
This also brings the potential for frictionless native meta-transactions: the ability to push transactions on the blockchain using REVV as the payment token for the gas, without requiring the native ETH token at all.
REVV is a true utility token that has real use beyond any innate stored value. The purpose of REVV is to serve as a single currency connecting multiple Animoca Brands blockchain game titles based on motorsport intellectual property.
REVV won’t be burned through use, but instead will be reintroduced back into the economy after it is used by players for gameplay fees and NFT purchases.
Token allocation
Predefined amounts of REVV are initially allocated to F1 Delta Time and MotoGP. The Reserve will provide token allocations to new titles as they are added to the REVV ecosystem.
- Initial DEX Offering: 8.33%
- Company Reserve: 43.33%
- Player Rewards Reserve: 8.33%
- Team & Advisors: 10%
- F1 Delta Time: 16.67%
- Moto GP: 13.33%
Technical Information
- Ticket: REVV
- Blockchain: Ethereum Chain
- Token standard: ERC-20
- Total supply: 3.000.000.000 REVV
Current growth and distribution strategies of REVV
- Partnering directly with well-known IPs and engaging their existing fans
- Conducting Non Fungible Token (NFT) sales to promote the soon-to-be-launched games and encouraging secondary market transactions
- Competitions and rewards for existing content owners
- Play-To-Earn mechanism in the form of a beta mini game, to engage/attract existing/new users
Summary
REVV is committed to future growth strategies, such as expanding REVV ecosystem, conducting new staking programs, launching play-to-earn mechanisms and running more marketing campaigns.
Above is the overview of REVV compiled by Attlas Exchange. Traders are advised to do their own research before making any decision. To experience Attlas Exchange, download the application from iOS or Android. For any further information, contact hotline 19003098 or Attlas Exchange fanpage.