What Is CryptoCars (CCAR)?

Inspired by Cars, the 2006 animated Pixar movie, Crypto Cars is a car-themed play-to-earn game on the Binance Smart Chain (BSC). Although this blockchain game can be played by all genders and ages, the primary audience or consumers of CryptoCars are males with an interest in racing. The game offers a wide range of selection and racing modes like a virtual racing simulator, player Vs racing, player Vs player racing, upgrade, and trade cars on the game’s marketplace. 

The game

The game has two important elements users can engage with—the cars and the official utility token, the CCAR token. The CCAR token is a BEP-20 token compatible with the Binance Smart Chain network and serves as the currency that allows play to earn, transact, invest, and purchase in-game items. Accessing the game takes you to a webpage with several buttons that directs you to different activities. As beginners, only a few of these buttons are primary at the moment; while the rest are less important and will be used in the long run. To play, click the ‘Cars’ button placed at the topmost side of the game’s webpage. This should to you to a page that allows players to choose their desired car models and also select their virtual racing types. Therein, you are free to choose the free option or a faster one that consumes a CCAR for each car you use.

After selecting, the game is set up and loads up after a few seconds to a racing simulation. Consistent racing gives your car experiences that translate into more materials and CCAR tokens—regular cars get 20 to 30 CCAR tokens per day. The provided materials allow you to improve your car features which in turn increases its speed, drift, and fuel consumption that allows you to have better driving statistics so that you win more races, and earn more materials and CCAR tokens. 

CryptoCars has its in-game NFTs: power, speed, drift, and fuel. Fuel (fuel) is one of the most important NFTs as after each race, players need fuel to race and will spend some fuel after racing. Hence, more fuel means players can compete more times in a day. The fuel NFT is recharged every 24 hours and allows players to compete again and earn rewards. For their part, workshop owners can do it more often.

Each car in Crypto Cars is an NFT with varying degrees of rarity which are arranged in ascending order: “classic”, “common”, “super” and “rare”. They are the biggest asset in the entire game and can be enhanced with the various materials players receive as rewards for playing.

The “classic” and “common” cars have 60 fuel, which allows players to participate in four races. The super has 75 fuel and the rare 90, allowing players have 5 and 6 games respectively. The marketplace sells materials that help players improve their cars themselves; these materials come in little boxes and can cost from 10 CCAR tokens and above. Also, the most recent novelty of merging allows players to fuse cars. Currently, you can merge two “common” cars to get one “legendary” car. The legendary car has more fuel, and better statistics and will have the possibility to compete with CryptoPlanes planes when this game mode is implemented.

 

Who Are the Founders of CryptoCars?

CryptoCars was developed by a team of Vietnamese developers led by Ly Tran (CEO) and An Nguyen (CTO).

Ly Tran is a graduate of computer science at the Ho Chi Minh Bach Khoa University in 2015. He worked as a full-stack web and mobile app developer until he started CryptoCars. Mr. Nguyen is also a fellow computer science graduate with mobile app development experience in iOS, Android, and BlackBerry.

By 2021, the total development team consists of seven people and there are plans in the future to integrate with the team its sister project CryptoPlanes.

 

What is the use of CryptoCars (CCAR)?

For Payment

The CCAR token serves as a tool to process internal payments when automobile materials and other in-game tools need to be sold or bought.

Reward and incentives

When players successfully clear missions or execute certain tasks or quests, they are awarded the CCAR token as a form of reward.

Buy cars and their corresponding workshops

With the CCAR token, players can buy any car or workshop of their choice as long as their a willing party ready to sell and they possess the required amount of tokens.

Bet

The game allows for betting for or against your favorite players. To execute this bet, the CCAR token is used to place a bet and to also claim rewards of the placed bet if it goes through.

Stake

Players can stake their CCAR tokens for a specific period and earn these staked tokens and additional rewards.

Exchange and transact outside the game

Several Decentralized exchange platforms allow CCAR to be exchanged for another token of the same worth.

 

What Makes CryptoCars Unique?

The first unique feature of CryptoCars is that it is the first major racing-based play-to-earn game that offers players different racing modes. Players can earn in the game by running in PVC races, fighting in PVP combat, playing Virtual Races, staking with CCAR, and buying actions in workshops with other players.

For a gaming project, the CCAR token has an impressive record as it has a market capitalization value of $ 75,720,262. In addition, there are many players and, according to the developers, almost 20 million transactions have already been carried out, saving more than 8 million dollars in commissions.

 

How Many CryptoCars (CCAR) Coins Are There in Circulation?

CryptoCars has a maximum total supply value of 1 billion CCAR tokens and it is distributed as follows:

  • Rewards (47%):
  • Liquidity (4%): 10% monthly unlock
  • Platform development (8%): 5% monthly unlock
  • Marketing (6%): 5% monthly unlock
  • Airdrop (1%): 10% monthly unlock
  • Team (12%): 4% monthly unlock
  • Advisors (10%): locked 10 months
  • Public Sale (8%)
  • Presale (4%)

 

How Is the CryptoCars Network Secured?

Like Microsoft and Toyota, CryptoCars is built on BigchainDB, a side chain that allows the team to run CryptoCars with near-instantaneous confirmation times and without transaction fees. Players use a token bridge created by CryptoCars to bridge their assets from Binance Smart Chain to BigchainDB. Since it operates on BSC it is secured through the proof-of-stake consensus mechanism.

 

How do I buy CryptoCars (CCAR)?

The CCAR token can be used for a wide range of uses like staking and gaming.

CCAR tokens can be easily purchased by the following steps. 

* Open an account with the crypto trading platform or log in if already registered.

* Transfer the specific amount of your fiat currency to your account.

* Wait for your deposit to be confirmed and buy CCAR through your trading account.

 

Which Cryptocurrency Wallet Supports CryptoCars (CCAR)?

The PTPWallet platform supports many cryptocurrencies simultaneously, such as CryptoCars (CCAR). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their CCAR wallet because it offers a simple and interactive interface, making it easy for people to navigate its system.

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