In this article, we tried to answer questions such as what is REVV coin, what is a cryptocurrency REVV, how to buy REVV coin. Here are the details about the REVV coin comment and future…
REVV tokens are used in conjunction with a collection of blockchain game titles that include play-to-win (P2E) and play-and-win crypto rewards under the REVV Motorsport ecosystem, a series of racing and motorsport-themed games produced by the gaming company. Many of these games contain in-game Unique Token (NFT) assets and collectibles that can be bought, sold, and traded on external platforms and marketplaces.
What is REVV Coin?
REVV is the native currency token of Animoca Brands’ play-and-win portfolio of racing games and the REVV Motorsport ecosystem.
Blockchain-based gaming, a rapidly developing sub-sector of the gaming industry, integrates components of blockchain technology into game structures. Blockchain game components are usually native cryptocurrencies that are earned in-game and can be traded for leading digital assets or fiat currencies on crypto exchanges. Blockchain games often contain unique tokens (NFTs), unique digital assets that can be purchased or earned through gaming experience. These tokens usually represent some type of in-game asset and can usually be bought and sold outside of the game on an NFT market. Many traditional video games require players to earn points that can be used to unlock levels, get new avatars, or improve the performance of a character or weapon. Similarly, blockchain games allow you to earn points, rewards or tokens that can be used to purchase in-game assets or unlock new levels, but these crypto games may also contain tokens that can be used outside and above the context of a single game. REVV tokens are an example of a P2E gaming cryptocurrency.
REVV Motorsports Play and Win Gaming Ecosystem
Developed by video game developer Animoca Brands, which also developed a popular metaverse platform called The Sandbox, the REVV Motorsport ecosystem is a collection of play and win game titles in the field of motorsport racing. Every game in the REVV crypto ecosystem is based on the play and win game concept.
When you play REVV games, you can earn REVV tokens. These tokens can be used to race or buy or upgrade NFTs within the REVV Motorsport play and win ecosystem. For example, you can buy a better performing NFT race car, buy a portion of a racetrack (which allows you to earn a percentage of all entrance fees paid at that track), or buy collectible NFTs from your favorite motorsport athlete. These are just some cursory examples of what can be done with the REVV token.
REVV Tokenomics and Usage Examples
REVV is an ERC-20 token running on the Ethereum blockchain. The total supply is three billion REVV. In addition to being used for in-game crypto rewards, REVV tokens have also been allocated to investors, partners, and a fund that supports the ecosystem. REVV tokens can be bridged to run on the Polygon, Flow, and Binance BNB blockchains. Therefore, REVV’s interoperability covers not only various play-and-win game titles, but also various smart contract platforms in the Web3 ecosystem.
Besides serving as in-game currency for multiple games, REVV tokens also offer a variety of other use cases. One is a REVV staking feature that allows you to stake (or lock) your REVV and REVV related NFTs to earn additional REVV crypto rewards. Different betting periods are announced separately, so keep an eye out for the next available pool. You can also trade REVV for various other crypto assets on various crypto exchanges.
REVV Coin Future
Currently, Animoca Brands is developing a blockchain game based on the FIM Road Racing World Championship Grand Prix, also known as MotoGP. According to the Animoca Brands team, “The MotoGP game will combine strategy and management experiences with the intense excitement of motorcycle racing. REVV will be the base currency of the MotoGP title, similar to how it was used in the F1 Delta Time.
As of now, little is known about the continuous development of the game, but it is fair to assume that the token will be at the heart of its mechanics.
