HorseDrace Whitepaper

What is HorseDrace

Friends, imagine you have a unique digital racehorse—not just a picture, but an asset you truly own on the blockchain. HorseDrace (abbreviated as HORSEDRACE) is such a project: a Play-to-Earn (P2E) online horse racing game.

Simply put, it’s like a digital racetrack where your digital horses (think of them as special digital collectibles, i.e., NFTs) can compete against other players’ horses. Each race features 6 horses, and if your horse wins first place, you’ll earn the project’s native cryptocurrency—$HORSEDRACE tokens as a reward.

This game is more than just racing; your horses have different attributes, such as acceleration, speed, and stamina, which change randomly during races. You can strategically upgrade your horses or feed them special “food” to boost their performance. Besides racing, you can also “fuse” (FUSION, meaning combining two horses to create a new one), rent out, or sell your digital horses.

Project Vision and Value Proposition

The core vision of the HorseDrace project is to provide players with a horse racing game experience that is both fun and brings real value. Through the Play-to-Earn model, it aims to let players enjoy the game while also earning digital assets through their effort and strategy.

The team states that this system has proven to be a “robust long-term economic approach,” designed to solve the problem in traditional games where players invest time and money but never truly own their in-game assets. Here, players become the true owners of game assets and have the opportunity to earn income through gameplay.

Technical Features

The HorseDrace project is deployed on the BNB Chain. BNB Chain is a well-known blockchain platform favored by many decentralized applications (DApp) for its relatively fast transaction speed and low fees.

However, there is a very important technical detail to note: the project’s smart contract (think of it as code running on the blockchain that automatically enforces rules) can be modified by its creator. This means the project team has the ability to change contract rules in the future, such as disabling token sales, adjusting transaction fees, minting new tokens, or even transferring existing tokens. It’s like the game developer has a “master key” and can change the rules at any time, introducing significant centralization risk.

Tokenomics

Basic Token Information

• Token Symbol: $HORSEDRACE
• Issuing Chain: BNB Chain
• Maximum Supply: 1,000,000,000 (1 billion) tokens
• Current Circulation: According to available information, the project’s market cap is shown as $0, with a 24-hour trading volume of only $140.35. This indicates extremely low liquidity and low market activity.

Token Utility

The $HORSEDRACE token is the main utility token in the game. Its main uses include:

• Winning Race Rewards: Players earn $HORSEDRACE tokens by winning first place in races.
• In-game Operations: Tokens may be used for activities such as horse fusion, renting, or selling within the game.

Token Distribution and Unlocking

There is currently no detailed public information available regarding the initial distribution, specific unlocking schedule, or any inflation/burn mechanisms for the $HORSEDRACE token.

Team, Governance, and Funding

There is no detailed public information available about the core team members of the HorseDrace project, its governance structure (such as whether there is a community voting mechanism), or its funding status.

Roadmap

Although the concept of a “roadmap and milestones” is mentioned, there is no specific historical development timeline or future plan for the HorseDrace project provided in the currently available public information.

Common Risk Reminders

Friends, in the blockchain and cryptocurrency space, opportunities and risks coexist, and understanding the risks is crucial. For the HorseDrace project, here are some risks that require special attention:

• Technical and Security Risks

  Smart Contract Modifiability: This is one of the biggest risk points. Since the project’s smart contract can be modified by the creator, the team can theoretically change the game rules at any time, or even take actions unfavorable to players, such as blocking token trading, minting large amounts of tokens causing dilution, or transferring user assets. This brings significant centralization risk and potential “rug pull” risk.

• Economic Risks

  Extremely Low Liquidity: Currently, the $HORSEDRACE token’s market cap is shown as $0, and the 24-hour trading volume is very low. This means liquidity is extremely poor, and you may find it difficult to buy or sell tokens at a reasonable price, with potentially severe price volatility.

  P2E Model Sustainability: Many P2E games face challenges regarding the long-term sustainability of their economic models. If there aren’t enough new players to support the returns of old players, or if the game itself lacks sufficient appeal, the token’s value may continue to decline.

• Compliance and Operational Risks

  Regulatory Uncertainty: Regulatory policies for cryptocurrencies and P2E games are still evolving globally, and future policy changes may impact project operations.

  Lack of Project Transparency: The absence of information about the team, governance, and a detailed roadmap increases the project’s uncertainty.

Verification Checklist

If you are interested in the HorseDrace project, it is recommended that you conduct the following verifications:

• Block Explorer Contract Address: You can look up and monitor its contract address on the BNB Chain block explorer:
  0xb8e...345ba
  . By checking contract activity, you can learn about token trading volume, holder distribution, and whether there are any abnormal large transfers.
• GitHub Activity: Try to find the project’s GitHub repository and check the frequency of code updates and community contributions. Active development is usually a positive sign of healthy project growth. Currently, we have not found relevant information.
• Official Channels: Look for and follow the project’s official website, social media (such as Twitter, Discord, Telegram), and community forums to get the latest information and announcements.

Project Summary

HorseDrace is a Play-to-Earn horse racing game based on BNB Chain, offering a digital horse racing experience where players can earn $HORSEDRACE tokens by winning races and can upgrade, fuse, and perform other operations on their digital horses. The project’s core appeal lies in its gameplay and Play-to-Earn model, giving players the opportunity to truly own and utilize in-game digital assets.

However, before considering participation, there are several key points you should pay special attention to: most notably, the modifiability of its smart contract, which gives the project team significant power and introduces substantial centralization and potential security risks. In addition, the extremely low market cap and trading volume of $HORSEDRACE tokens indicate insufficient liquidity and high economic risk. The lack of information about the team, governance, and a detailed roadmap also increases the project’s uncertainty.

Please remember, the above information is an objective introduction based on currently available public sources and does not constitute any investment advice. Before making any decisions, be sure to conduct your own in-depth research (DYOR - Do Your Own Research) and fully understand the inherent risks.