Thank you for your comments, helpful to get more thoughts.
So what they say on Discord is that this currency will be listed in exchanges later on, would that change things? And its not just for this platform but their other gaming platforms too.
Also making account now you can get a free airdrop so could maybe get started with that. You can use ETH to buy the cars in Opensea too, lowest prices are about 15USD so fairly low investment, although not sure how long it would take to make returns so thats true.
Topic: Gaming development around crypto (Read 123 times)
Reading their website as well as their pdf file for their staking model all I can see is a in-game currency disguised as a cryptocurrency because it is an ERC-20 token. If you read their description on their "REV" token you will see that is a requirement for users to play.
They might just be a pay to play type of game who just wants this "staking" to make it feel like it is free to play.
So the bottomline is if you want to start staking you must buy and buy these REV tokens in order to gain some NFTs to be submitted in through their staking program, how long will you ROI? They didn't answer and I don't think it will be rewarding since this cryptocurrency is dedicated to the game designed to profit from its players.
Quote
REV is the currency that powers F1® Delta Time. It is required to play the game, used for entering the Racing Game and put in extra Time Trial laps. REV is also generated by Staking. Staking is where players can use their Car Collectibles to generate REV. The rarer the Collectible, the more REV generated by Staking.
They might just be a pay to play type of game who just wants this "staking" to make it feel like it is free to play.
Quote
About F1®
Delta Time
F1® Delta Time is a blockchain game licensed by Formula 1®, developed and
published by Animoca Brands. The game consists of a collectible component
based on non-fungible tokens (NFTs) as well as a racing component utilising
those NFTs. The collectible component has already begun releasing with a
number of Car Collectibles being put on auction, and the racing component
will launch later in 2020.
In F1® Delta Time, owners of any Car Collectible NFT can earn REV by Staking that NFT.
When players Stake their Car NFTs, they temporarily transfer the ownership of the
cars to F1® Delta Time. Players are not able to use or race the Car NFT while it is
Staked, but instead receive REV based on the Staking period and other variables.
Delta Time
F1® Delta Time is a blockchain game licensed by Formula 1®, developed and
published by Animoca Brands. The game consists of a collectible component
based on non-fungible tokens (NFTs) as well as a racing component utilising
those NFTs. The collectible component has already begun releasing with a
number of Car Collectibles being put on auction, and the racing component
will launch later in 2020.
In F1® Delta Time, owners of any Car Collectible NFT can earn REV by Staking that NFT.
When players Stake their Car NFTs, they temporarily transfer the ownership of the
cars to F1® Delta Time. Players are not able to use or race the Car NFT while it is
Staked, but instead receive REV based on the Staking period and other variables.
So the bottomline is if you want to start staking you must buy and buy these REV tokens in order to gain some NFTs to be submitted in through their staking program, how long will you ROI? They didn't answer and I don't think it will be rewarding since this cryptocurrency is dedicated to the game designed to profit from its players.
What's everyones take on this? As an example games like https://f1deltatime.com/ where you can start earning ERC 20 from staking your non fungible tokens? Developer is also releasing their own ERC 20 token that will be usable in their different gaming/collectible platforms and later listed in to exchange. Some of their NFTs have sold for over 100K USD so seems interesting.
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