Introduction

XXVR is the First Metaverse Racing Gamefi on Binance Smart Chain.

XXVR is the first Racing VR Play-To-Earn game built on BSC (Binance Smart Chain). The founder team has been immersing in the blockchain industry ever since 2015 and with years of learning and research, their determination to design the best BSC racing game is now stronger than ever. While the digital game knows no borders, Axie Infinity went viral in 2021, from SEA to the entire world. The team of the top-notch development team and UI/UX designers integrated the technological architecture of WEB 3.0, Metaverse, and GameFi as a whole into a user-centric, metaverse racing game. To achieve the perfect decentralization, response rate, and autonomy in our community, the team shall adopt the Fair Launch approach starting from our launch. The team will not seek funding from any capital or venture capital companies and will only retain 2% of all the team tokens, with the remaining tokens distributed to the community as incentives for participation.

While designing the game model, the team also dissected the reasons for the collapse of other GameFi projects in the market. The main reason is hyperinflation as the result of speculation of play-to-earn and irresponsible team management. To deal with the abovementioned problems, the team deployed three schemes:

1. An official NFT Marketplace will be introduced after a period of time from launch. The NFT marketplace allows players to exchange P2E token coins for blind boxes to open Level 1 cars. Players are also allowed to use BNB to trade with one another in the NFT Marketplace.

2. A unique voting system with a reasonable time frame for players to vote ensures perfect community autonomy.

3. A periodic voting scheme for community governance, giving the community rights and power over various in-game policies. The team will then consider the community’s feedback and could even adjust the number of Coins produced.