DeathRoad: NFT-Based Racing and Earning Game

What is DeathRoad

Friends, imagine if playing a racing game not only lets you experience speed and excitement, but also allows you to own in-game cars and modification parts, and even sell them for profit—how cool would that be? DeathRoad (project abbreviation: xDRACE) is just such a project. It’s a metaverse racing game built on blockchain technology (specifically, on Binance Smart Chain, BSC).

Simply put, DeathRoad is like a virtual racing world where players can drive their own NFT cars (NFTs can be understood as unique digital assets on the blockchain, just like owning a limited edition sports car in the real world—your exclusive property), participate in various races, battle against computer AI (PvE mode), or compete with other players (PvP mode) to win rewards. You can even buy land in this virtual world, build your own garage, and rent your cars to other players to earn rental income.

Project Vision and Value Proposition

DeathRoad’s vision is to create a comprehensive gaming ecosystem for the “next generation of racers.” It’s not just a simple “play-to-earn” game, but aims to build a complete metaverse where players can enjoy a realistic racing experience through their skills and own tradable, valuable digital assets.

Its core value proposition lies in combining gaming entertainment with blockchain asset ownership and economic incentives. Here, your in-game assets are no longer just a string of code in a game company’s database, but truly your digital property, freely tradable, rentable, and even able to participate in game governance. It’s like owning a luxury car in the real world—not only can you race it, but you can rent it out or sell it on the second-hand market.

Technical Features

The technical foundation of DeathRoad is the Binance Smart Chain (BSC). Choosing BSC means it can offer relatively fast transaction speeds and low fees, which is crucial for frequent in-game asset trading and interactions.

Its core technical features include:

• NFT Assetization: Cars, weapons, and other items in the game exist as NFTs, ensuring their uniqueness and ownership.
• Game Modes: Offers both PvE (player vs. environment) and PvP (player vs. player) modes to meet different competitive needs.
• Built-in Marketplace: Players can trade new or second-hand NFT assets in the in-game marketplace.
• Decentralized Autonomous Organization (DAO): The project plans to establish DeathRoad DAO, allowing token and NFT holders to participate in project governance and development decisions, such as voting on game upgrades. It’s like a community jointly managing a club, deciding its future direction together.

Tokenomics

The native token of the DeathRoad project is DRACE, also commonly referred to as xDRACE.

• Token Symbol: DRACE / xDRACE
• Issuing Chain: Binance Smart Chain (BSC)
• Total Supply and Issuance Mechanism: The maximum and total supply of xDRACE is 1,491,450 tokens.
• Current and Future Circulation: According to Bitget data, the recent circulating supply is 0 xDRACE. However, CoinMarketCap shows the project’s self-reported circulating supply as 1,491,450 xDRACE. This discrepancy may require further verification, but self-reported data is usually closer to reality.
• Token Utility:
  • Medium of Exchange: Used for trading virtual assets in the DeathRoad metaverse.
  • Rental Services: Players can use DRACE to rent other players’ cars.
  • Governance: DRACE token holders can participate in platform governance voting, influencing the project’s future development.
  • Earn Yield: Can earn yield through staking or lending DRACE.
  • Purchase NFTs: Used to buy NFT blind boxes to obtain cars and weapons.
• Inflation/Burn Mechanism: To balance DRACE generated through staking and play-to-earn, all DRACE used in the game will be burned and removed from circulation. This helps maintain token scarcity.
• Version Migration: The xDRACE V1 contract has been migrated to the V2 contract at a 1:1 ratio.

Team, Governance, and Funding

The success of a project depends on the efforts of its team and the joint participation of the community.

• Core Members: DeathRoad’s core team includes co-founder and CEO Cam Pham, lead developer Hoang Anh, core developer Khai Dinh, and UI/UX designer Ngan Nguyen.
• Team Characteristics: The team is committed to building a comprehensive gaming ecosystem, combining game development and blockchain technology backgrounds.
• Governance Mechanism: DeathRoad plans to implement community governance through a decentralized autonomous organization (DAO). This means DRACE token holders and NFT holders will have voting rights to decide the game’s development direction, upgrade proposals, and more, jointly determining the project’s future. It’s like a virtual world jointly owned by players and community members.
• Funding: DeathRoad partnered with the well-known Red Kite launchpad and conducted its initial token offering (IDO) in September 2021, providing initial funding for project development.

Roadmap

The project’s roadmap outlines its past development milestones and future plans.

• Key Historical Milestones:
  • 2021: DeathRoad project launched.
  • September 2021: DRACE token initial offering (IDO) on Red Kite launchpad.
  • September 2021: In-game PvE and PvP modes launched, allowing players to purchase NFT cars and weapons, participate in races, and earn rewards.
  • 2021: NFT marketplace launched, enabling players to trade in-game assets.
  • V1 to V2 Contract Migration: xDRACE token contract upgraded from V1 to V2, with a 1:1 exchange ratio.
• Future Key Plans:

  Currently, publicly available information does not detail DeathRoad’s specific future timeline. However, based on its vision, the project will continue to improve its metaverse ecosystem, including deepening gameplay, expanding NFT asset types, optimizing community governance mechanisms, and exploring more play-to-earn possibilities.

Common Risk Reminders

Investing in any blockchain project comes with risks, and DeathRoad is no exception. Here are some common risks to be aware of:

• Technical and Security Risks:
  • Smart Contract Risk: Although blockchain technology aims to enhance security, smart contracts may have vulnerabilities that could lead to asset loss.
  • Liquidity Not Locked Risk: According to Team Finance’s report, DeathRoad tokens’ liquidity is not locked, meaning the project team can withdraw liquidity at any time, increasing the risk of a “rug pull.” This is a very important warning and investors should pay close attention.
• Economic Risks:
  • Market Volatility: The cryptocurrency market is highly volatile, and the price of DRACE tokens may rise or fall sharply.
  • Market Recognition: Currently, DRACE’s market value is relatively low and market recognition is not high. While this may mean potential growth space, it also comes with higher uncertainty.
  • Sustainability of Play-to-Earn Model: The economic model of play-to-earn games requires careful design and ongoing balance. If the model is unsustainable, it may lead to token value decline and player attrition.
• Compliance and Operational Risks:
  • Regulatory Uncertainty: Global regulatory policies for cryptocurrencies and NFTs are still evolving, and future policy changes may impact project operations.
  • Competition Risk: The blockchain gaming sector is highly competitive, and DeathRoad needs continuous innovation to maintain its competitiveness.

Verification Checklist

When researching a project in depth, it’s essential to verify some key information:

• Official Website: deathroad.io
• Block Explorer Contract Address: Since the project runs on Binance Smart Chain (BSC), you can check its token contract address and transaction records via BSCScan. CoinMarketCap provides a link to BSCScan.
• GitHub Activity: Public information currently does not directly mention DeathRoad’s GitHub repository or its activity. For technical projects, codebase activity is an important indicator of development progress.
• Audit Report: Search results do not clearly show a third-party security audit report for DeathRoad. Although some platforms mention “Trusted Token Audit” services, no direct audit results for DeathRoad are provided.

Project Summary

DeathRoad is a metaverse racing game built on Binance Smart Chain, aiming to combine traditional racing game experiences with blockchain play-to-earn models, NFT asset ownership, and community governance. Players can own, trade, and rent NFT cars and weapons, and earn DRACE token rewards by participating in PvE and PvP races. The project team is public and plans to implement community governance via DAO.

However, it’s important to note that DeathRoad tokens’ liquidity is currently not locked, which brings higher potential risk. The cryptocurrency market itself is highly volatile, and the sustainability of play-to-earn game economic models faces challenges. Therefore, before considering participation in this project, be sure to conduct thorough personal research and have a clear understanding of all potential risks. Remember, the above information is for reference only and does not constitute investment advice.

For more details, users should research DeathRoad’s official materials and community updates themselves.