Blockchain gaming agency Animoca Manufacturers will launch its new REVV token on the favored decentralized change Uniswap.
REVV will start trading for Ethereum (ETH) on Uniswap from September Four at 12 pm UTC. The token’s preliminary worth will probably be $0.00666.
The REVV token capabilities as a utility token on Animoca’s crypto-powered motorsports video games, together with F1 Delta Time and two new forthcoming releases.
Animoca’s first upcoming title is a Grand Prix bike racing, or MotoGP, sport that can see extra particulars launched throughout This autumn 2020. One other title “primarily based on a worldwide racing franchise” may even be introduced quickly.
REVV is “the foreign money of buy, utility, and motion” for Animoca’s motorsports titles, with the token at present in a position for use for paying entry charges into F1 Delta Time’s core Time Trial and Grand Prix nodes.
REVV tokens will be staked to earn in-game non-fungible tokens (NFTs) from Animoca Manufacturers’ motorsport releases.
Holders of F1 Delta Time NFTs also can earn REVV by staking their NFTs. Of REVV’s complete provide of three billion tokens, 6.02 million REVV is within the means of being distributed amongst F1 Delta Time NFT holders.
500 million REVV has been designated for numerous swimming pools referring to F1 Delta Time, together with in-game rewards, advertising, a reserve, and promotional airdrops.
In July, Animoca Manufacturers reported record revenues of $4.33 million in the course of the first quarter of 2020, and $three million for the month of April. The agency held almost $1.eight million value of crypto on the time.