What Is REVV(REVV)?

REVV(REVV) is a play-to-earn motorsport gaming platform based on blockchain. The platform seeks to enable users to earn cryptocurrencies simply by playing engaging games on the platform. 

REVV features the following: 

• Grand PrixandTime Trial: Users can play F1® Delta Time and compete for weekly rewards.

• Sprint Sessions: Short events, with the top one hundred players competing for prizes.

• REVV Racing Cup:Grand tournaments that allow for over one thousand winners, in week-long events, with REVV and NFTs up for grabs.

• Collectibles: Buy, collect, trade, limited print MotoGP™ Ignition Cards.

According to its whitepaper, REVV is the primary utility token and in-game currency of branded motorsports games. REVV is an ERC-20 token that players can use to purchase services, trade, and participate in supported play-to-earn motorsport blockchain games. REVV has been pre-allocated to titles for F1® Delta Time and MotoGP™. F1​® Delta Time is the first game where players can earn/use REVV. The utility of the token can be described as follows:

1. NFT Purchases:REVV can be used to purchase exclusive ​ F1​® Delta Time NFTs.

2. Entry Fees for Gaming Modes: F1 ® Delta Time players pay REVV as an entry fee for gaming modes.

3. Gameplay Rewards:A portion of each race's gameplay fees can be used as player awards and distributed to participants based on their race performance.

4. Staking: Racecar NFT owners can stake them to receive REVV as rewards. The rewards depend on the rarity and worth of the NFT and the length of the staking period. Similarly, players can stake REVV and receive more REVV yields and NFTs in exchange.

MotoGPTM ("MotoGP") is another blockchain game based on the FIM Road Racing World Championship Grand Prix. The MotoGP game tries to blend the thrills of motorcycle racing with strategy and management challenges. REVV is the MotoGP title's primary currency, with a utility similar to F1® Delta Time. 

History of REVV(REVV)

REVV is produced by Animoca Brands that work in digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies. The company released its whitepaper on September 3, 2020. The total supply of REVV has been fixed at 3,000,000,000 tokens. The company offered 250,000,000 tokens for Initial DEX Offering (IDO). IDO is a fundraising approach from retail traders by offering tokens on a Decentralized Exchange. Five hundred million tokens are reserved for F1​®​ Delta Time and 400 million for MotoGP™ Project.