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What is DeRace and what problem does it solve?

DeRace, now known as zkRace, is a Web3 horse racing ecosystem that combines video gaming, horse racing, and gambling. The project uses blockchain and NFT technologies to create a transparent environment for breeding NFT horses, betting on real-time races, and managing virtual hippodromes. By moving these activities on-chain, the platform aims to eliminate the corruption scandals and lack of digitalization often found in traditional horse racing.

The project addresses the inefficiency of centralized gambling solutions, such as slow transaction settlements and the ability for bookmakers to ban players. DeRace allows users to own their assets through NFTs, ensuring they are not restricted by regulators. It also introduces a model where community members can act as bookmakers by controlling the stakes in hippodromes and earning profit from fees and bets.

What are DeRace's current market statistics?

DeRace (DERC) is currently ranked #690 on CoinMarketCap. The token has a price of $0.31831531 with a market capitalization of $38,197,837.617. Its 24-hour trading volume is $859,341.479.

The supply metrics show that the circulating supply, total supply, and max supply are all identical at 120,000,000 DERC. This means the token is fully unlocked. The fully diluted market cap is also $38,197,837.62.

Recent price performance shows a short-term recovery with a 17.59% increase in 24 hours and a 10.25% increase over the last 7 days. However, the longer-term trend is bearish, with a 11.36% drop over 30 days and a 17.48% decrease over the last 90 days.

How does DeRace's technology work?

DeRace is built as an ERC-20 token on the Ethereum blockchain. An ERC-20 token is a standard for tokens on Ethereum that allows them to be easily traded and integrated into other applications. The network is secured by Ethereum's proof-of-stake consensus mechanism, where a decentralized network of stakers validates transactions to protect the blockchain from attacks.

The project has evolved its infrastructure to incorporate zk-rollup technology. A zk-rollup is a Layer 2 scaling solution that bundles multiple transactions into a single batch and proves their validity using a zero-knowledge proof. This allows the game to achieve higher scalability and transparency while reducing the costs and delays associated with the main Ethereum chain. This infrastructure is designed to support not only DeRace but other GameFi projects that need to bypass traditional blockchain constraints.

In practice, this technology enables the creation of unique NFT horses with specific characteristics. NFTs, or non-fungible tokens, are unique digital assets that prove ownership of a specific item. Users can buy and breed these horses to compete in races. The project also planned the launch of cash-flow generating ETFs for NFTs, which would hold a basket of horses or hippodromes to generate returns through racing activity.

What is the community and social sentiment around DeRace?

Social sentiment for DeRace is mixed and appears to be in a phase of transition. The project's rebranding to zkRace indicates a shift in focus toward its technical infrastructure and zk-rollup capabilities. Community engagement is present, but the token's 90-day price decline suggests a lack of strong bullish momentum among holders.

Developer activity is centered around the W3Forge development studio, which acts as the incubator and accelerator for the project. The official communications have shifted from the early "play-to-earn" narratives of 2021 toward a more technical "GameFi infrastructure" positioning. This change is intended to attract a broader range of Web3 gaming projects to build on their technology.

Where can you buy DERC?

DeRace is available on several exchanges. Because the token is fully unlocked and has a high number of market pairs, users have multiple options for acquisition.

  • Gate.io is a strong option for altcoin traders, listing over 2,250 cryptocurrencies. It offers a base spot trading fee of 0.2% for both makers and takers, with further discounts available through VIP tiers or by holding GT.
  • KuCoin provides a professional trading environment with high liquidity for a wide range of gaming tokens.
  • Crypto.com Exchange offers a secure and regulated platform for users who prefer a more corporate interface.
  • Uniswap v2 and PancakeSwap v2) are decentralized options for those who prefer to trade directly from their wallets without using a centralized intermediary.
  • QuickSwap is an alternative for users accessing the token via the Polygon network.

For users who prioritize privacy or want to avoid account registration, StealthEX is a non-custodial instant swap service. It supports over 2,000 assets and charges a flat 0.4% service commission embedded in the exchange rate, meaning no KYC is required for the swap.

Should you buy DERC? Risk and potential evaluation

The potential for DeRace lies in its transition from a simple game to a GameFi infrastructure provider. The use of zk-rollup technology to solve scalability issues for other games could expand its utility beyond its own horse racing ecosystem. The fact that the token is fully unlocked removes the risk of massive future venture capital dumps, which often plague new gaming tokens.

However, the risks are significant. The gaming sector is highly competitive, and the project's 90-day price trend is negative. There is also the risk that the "GameFi infrastructure" pivot may not attract enough external projects to create genuine value. The project's history of rebranding suggests a search for a sustainable product-market fit.

This asset is likely suited for investors with a high risk tolerance who are interested in the intersection of Layer 2 scaling and the metaverse. It is not a conservative investment.

This is not financial advice. Always do your own research (DYOR) before investing.

Frequently asked questions about DeRace

What blockchain is DeRace built on?

DeRace is an ERC-20 token based on the Ethereum blockchain. It also utilizes zk-rollup technology to improve scalability and performance for its gaming ecosystem.

Who created DeRace?

The project was developed by a core team from Lithuania, led by CEO Adomas Juodišius. It is currently built and supported by W3Forge, a Web3 development studio and incubator.

What makes DeRace unique compared to other NFT games?

Unlike many NFT games, DeRace integrates a full gambling and betting system where users can not only own horses but also act as bookmakers by owning and managing virtual hippodromes.

Is DeRace safe and legit?

The project has been backed by known entities such as Animoca Brands and DAO Maker. It uses the established Ethereum network for security, though like all small-cap gaming tokens, it carries high market volatility.

What are the risks and outlook for DeRace?

The primary technical risk for DeRace is the successful implementation and adoption of its zk-rollup infrastructure. If other GameFi projects do not migrate to its technology, the "infrastructure" narrative will fail to provide a fundamental floor for the token price. Additionally, the project faces stiff competition from other metaverse and play-to-earn titles that have larger active user bases.

From a market perspective, the recent 17.59% 24-hour jump shows there is still speculative interest, but the overall 90-day trend remains down. The trajectory of the token depends on whether the project can move from a beta-style gaming experience to a widely adopted Web3 gaming hub. The outlook is cautiously neutral, depending heavily on the actual adoption of the ZERC-powered infrastructure.

DeRace Market Sentiment

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Total votes: 15.3K

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zkRace

ZERC

Rank

#1899

$0.01

-4.32%
Market cap
$1.15M
Volume (24h)
$904.07
Circulating supply
120.00M ZERC
Total supply
120.00M ZERC