Crypto Cars World: NFT-Based Play-to-Earn Racing Game

What is Crypto Cars World

Friends, imagine if you could combine your passion for racing games with owning unique virtual assets in the digital world—what kind of experience would that be? Crypto Cars World (CARS for short) is just such a project. It is a racing video game based on blockchain technology and non-fungible tokens (NFTs), inspired by classic racing games like Need for Speed or Gran Turismo.

In this game, you are no longer just an ordinary player, but a “car owner” with your own digital cars and garage. You can drive your cars on various tracks to compete with other players for the honor of being the fastest driver.

When you first register for the game, the project provides you with a free garage and a free car, allowing you to get a taste of the fun of Crypto Cars World. This free car lets you participate in about 30 races and gives you a chance to win rewards.

Non-Fungible Tokens (NFTs): You can think of them as unique “collectibles” or “property certificates” in the digital world. Each NFT is unique and irreplaceable, just like a piece of art or a property deed in the real world, proving your exclusive ownership of a digital asset.

Project Vision and Value Proposition

The core vision of Crypto Cars World is to provide players with a “Play-to-Earn” model. This means you can not only enjoy the thrill of racing games but also have the opportunity to earn cryptocurrency rewards through in-game activities.

The core problem it aims to solve is allowing players’ investments in the virtual world to yield real value returns. By presenting cars and game items as NFTs, players have true ownership of these digital assets and can trade them both inside and outside the game.

Unlike traditional racing games, Crypto Cars World is not just about entertainment—it also incorporates the economic attributes of blockchain, making your “game time” and “game assets” more valuable. You can earn game tokens by winning races or “farming” in your garage.

Technical Features

The technical foundation of Crypto Cars World is NFT blockchain technology.

It adopts a dual-token economic model:

• CARS Token: This is the project’s main cryptocurrency, circulating on the blockchain with a variable market value. You can obtain it by participating in the game, purchasing on decentralized exchanges (such as PancakeSwap), or exchanging in-game RC tokens for it.
• RC Token (Race): This is the main in-game currency, primarily used to purchase in-game items. RC tokens themselves have no external market value and cannot be purchased outside the game.

The CARS token runs on the Binance Smart Chain (BSC).

Blockchain: You can think of it as a public, transparent, and tamper-proof digital ledger. All transactions and information are recorded on it and maintained collectively by multiple parties in the network, ensuring data security and trustworthiness.

Binance Smart Chain (BSC): This is a blockchain platform launched by the cryptocurrency exchange Binance, known for its fast transaction speeds and low fees. Many decentralized applications and games choose to run on it.

Tokenomics

The tokenomics of Crypto Cars World mainly revolve around its core token, CARS:

• Token Symbol: CARS
• Issuing Chain: Binance Smart Chain (BSC)
• Maximum Supply: 325,000,000 CARS (325 million)
• Current and Future Circulation: According to CoinMooner, the circulating supply of CARS is about 324,957,164. However, platforms like CoinMarketCap and Binance report its circulating supply as 0 and market value as 0, which may indicate very low project activity or discrepancies in data reporting.
• Token Utility:
  • Earn Rewards: Players can earn CARS tokens by racing in competitive modes or “farming.”
  • Purchase: CARS tokens can be purchased on decentralized exchanges such as PancakeSwap.
  • Exchange: In-game RC tokens can be exchanged for CARS tokens.
  • Unlock Withdrawals: If you earn rewards using free vehicles, you need to purchase 5 CARS tokens and convert them to RC to unlock withdrawal and RC-to-CARS conversion functions.
  • In-Game Operations: CARS tokens are also used to perform various in-game operations.

Team, Governance, and Funding

Currently available information does not provide detailed public data on the core team members, governance mechanisms, or funding status of the Crypto Cars World project. The team background, governance model, and funding transparency of a project are usually important factors in assessing its long-term development potential.

Roadmap

According to the whitepaper’s table of contents, the Crypto Cars World whitepaper (version 1.2) mentions a roadmap, but the specific content is not detailed in the available materials.

The project was officially established in 2021.

Roadmap: You can think of it as a blueprint and timeline for the project’s development, listing important past milestones and future goals to be achieved.

Common Risk Reminders

When learning about blockchain projects like Crypto Cars World, there are several common risks to be aware of:

• Market Volatility Risk: The cryptocurrency market is highly volatile. The price of CARS tokens may fluctuate sharply due to various factors, including market sentiment, project development, macroeconomic environment, etc.
• Information Transparency Risk: Currently, information about the project team, detailed roadmap, and governance mechanisms is not highly public, which may increase investment uncertainty.
• Liquidity Risk: Different platforms report different circulating supplies for CARS tokens (for example, CoinMooner reports a circulating supply, while CoinMarketCap and Binance report 0), which may mean that the actual trading volume and liquidity of the token are very low, making buying and selling difficult.
• Economic Model Risk: The sustainability of the “Play-to-Earn” model is key. If the game’s economic design is poor, it may lead to token inflation and declining player earnings, affecting the healthy development of the game ecosystem.
• Technical and Security Risks: Blockchain projects may face technical risks such as smart contract vulnerabilities and network attacks.
• Compliance and Operational Risks: Global regulatory policies on cryptocurrencies and NFT games are still unclear, and future policy changes may impact project operations.

Please remember: The above information is for reference only and does not constitute any investment advice. Before participating in any cryptocurrency project, be sure to conduct thorough independent research (DYOR - Do Your Own Research) and fully understand the risks involved.

Verification Checklist

• Block Explorer Contract Address: 0x1228fb5ef4c98cabd696ba1bd4819e050389d21a (Binance Smart Chain)
• Block Explorer: bscscan.com
• Official Information:
  • Whitepaper: “CRYPTO CARS WORLD. White Paper 1.2” can be found on the Scribd platform [cite: 3 in previous step]
  • Official Website: Although multiple platforms mention an official website, a direct official website link is not clearly listed in public search results.
  • Telegram Community: The project has a community on Telegram.
• GitHub Activity: No data on GitHub activity was found in the currently available information.

Project Summary

Crypto Cars World is a “Play-to-Earn” project that combines racing games with blockchain technology. It allows players to own in-game digital assets through NFTs and has designed two tokens, CARS and RC, to drive the game economy. The core appeal of the project lies in offering a new gaming experience, allowing players to enjoy the excitement of racing while having the opportunity to earn real cryptocurrency rewards through gameplay.

However, when evaluating this project, some key points should also be noted. For example, public information about the project team, detailed roadmap, and governance mechanisms is currently relatively limited. In addition, there are significant discrepancies in reports of CARS token circulating supply from different data sources, which may suggest potential issues with the project’s market activity or data transparency.

For those interested in blockchain games and the “Play-to-Earn” model, Crypto Cars World provides a case study for understanding how such projects operate. However, given the inherent risks of the cryptocurrency market and some uncertainties in project information, it is strongly recommended that you conduct in-depth personal research and carefully assess all potential risks before making any decisions. This is not investment advice; please use your own judgment.