RACEFI (Governance Token)
Name: RaceFi token
Symbol: $RACEFI
Quick overview: RACEFI (ticker $RACEFI) is the native utility and governance token of the RaceFi platform — the currency that powers the car racing game, in-game marketplaces, and player-driven governance.
What it is: The cryptographically secured, fungible $RACEFI token is designed as an interoperable utility token for the RaceFi ecosystem. It enables payments, rewards, staking, and governance participation inside the platform. Holders can use $RACEFI to buy in-game property, access exclusive features, and take part in community decisions.
Legal & scope summary: $RACEFI is intended solely as a utility/governance token for RaceFi. It does not represent equity, shares, or a right to dividends, and it is not intended to be used as fiat or general legal tender. For full legal details and jurisdictional notes (including Vietnam and Singapore), see the whitepaper and legal page.
Primary uses (at a glance):
- Medium of exchange for buying game assets, upgrades, and consumables (e.g., gas) in the car racing game marketplace.
- Play-to-earn rewards: players earn $RACEFI for winning races and completing objectives in both PvP and PvE modes.
- Staking: stake tokens to access exclusive events, premium game modes, or racetrack auctions.
- Governance: participate in the Council of Racers DAO-like system — one token equals one vote on platform proposals.
Player example scenarios:
- Example 1 — Buy and upgrade: A player purchases a car NFT with $RACEFI, upgrades parts using additional $RACEFI, and enters a pure race battle to earn rewards.
- Example 2 — Stake for a tournament: A group of players stake $RACEFI to enter a PvP tournament; winners receive racefi tokens and unique in-game property drops.
Pricing notes: While in-game prices are quoted in USD to help players focus on gameplay rather than short-term token price fluctuations, $RACEFI is the primary settlement token inside the platform. The team monitors price and liquidity; when $RACEFI is broadly available on decentralized exchanges, all asset drops will transition to being purchasable in $RACEFI.
Ecosystem incentives: $RACEFI distribution is tied to activity — players earn tokens based on usage, performance, and contributions. This creates a positive feedback loop: more players and diverse game modes increase demand for the token, which drives more engagement in the racing game and related metaverse features.
Learn more: For the detailed token contract address, full tokenomics, vesting schedules, and technical specs (including Solana ecosystem integrations), see the official whitepaper and documentation linked on the platform page.
Only 200,000,000 $RACEFI tokens will be minted.
| Allocation | % | Amount |
| Funds | 20% | 40,000,000 |
| Play to Earn / Game Rewards | 30% | 60,000,000 |
| Reserve | 20% | 40,000,000 |
| Marketing & Partnership | 4% | 8,000,000 |
| Team & Advisor | 20% | 40,000,000 |
| Liquidity & Listing | 5% | 10,000,000 |
| Airdrop | 1% | 2,000,000 |
What these allocations mean
- Funds (20%) — operational and development funds to support platform growth and integration with the Solana ecosystem.
- Play to Earn / Game Rewards (30%) — tokens reserved for player rewards across various game modes (PvP, PvE), tournaments, and race battle prizes.
- Reserve (20%) — strategic reserve for future ecosystem needs, liquidity management, and unexpected events.
- Marketing & Partnership (4%) — tokens used for growth, partnerships, and community incentives (including airdrop campaigns).
- Team & Advisor (20%) — allocated to founders, developers and advisors; typically subject to vesting/lock-up (see whitepaper for schedule).
- Liquidity & Listing (5%) — initially allocated to provide liquidity on exchanges and support price stability.
- Airdrop (1%) — community rewards and onboarding promotions to help new players discover the car racing game and platform features.
RACEFI token allocation chart — distribution percentages for funds, play-to-earn, reserve, marketing, team, liquidity, and airdrop.
Important verification steps: confirm the exact allocation amounts and any vesting schedules against the official whitepaper and on-chain token contract. For trading, price, and listing information (exchange pages, liquidity status), consult the platform page and verified DEX listings.
Token Economics
Overview: The RACEFI token is a utility and governance token that functions as the in-game currency for the RaceFi car racing game and broader platform. It is designed to incentivize player activity, support in-game markets, and enable community governance.
Token Flow
How tokens move: RACEFI flows into the ecosystem when players buy tokens to participate in races, purchase in-game property, or join special events. Tokens flow out when players spend them on assets, upgrades, race entry fees, or when rewards are claimed. Players also earn tokens as rewards for winning races and completing objectives across PvP and PvE modes. The long-term plan is for primary asset drops to be purchasable in $RACEFI as liquidity and exchange access improve.
Inflow sources
- Player purchases on the platform or decentralized exchanges (supporting trading and investment).
- Marketplace sales of car NFTs, upgrades, and in-game property.
- Airdrops and promotional distributions to onboard players to the racing game and metaverse features.
Outflow sinks
- Purchases of game assets and consumables across various game modes and pure race battles.
- Entry fees for tournaments and racetrack auctions (creates a race battle economy).
- Fees or burns tied to marketplace trading or special events to help balance supply and price.
Balancing supply and demand: The tokenomics are designed to adjust rewards and sinks to keep inflow and outflow balanced so the price and liquidity of $RACEFI remain healthy over time. Reward rates can be tuned for different modes (PvP, PvE) and events to influence player behavior and platform results.
Governance — Council of Racers
Community governance: The Council of Racers is a DAO-like governance layer where $RACEFI holders vote on proposals that shape the game’s features, updates, and economic parameters. Voting power is proportional to tokens held (one token equals one vote). Confirm current delegation, quorum, and snapshot mechanics in the whitepaper for precise governance rules.
Growth & player retention strategy
The model targets steady player growth: more players increase demand for in-game assets, which encourages further engagement in the car racing game and the metaverse platform. Various game modes, like pure race and battle race formats, PvP tournaments, and PvE challenges, provide multiple ways for players to earn enjoying various rewards and remain active.
Example: PvP tournament flow
- Players stake $RACEFI to enter a tournament (creates immediate demand and a sink)
- Winners receive racefi tokens and unique in-game property NFTs as rewards
- Lost entry fees may be partially redistributed or burned to manage supply and price
Solana ecosystem & listings: RaceFi targets integration with the Solana ecosystem for fast, low-cost transactions (game Solana integrations). As listings on decentralized exchanges progress, price, trading, and liquidity information will be published on verified pages and the whitepaper.
Quick facts & next steps
- Total supply: 200,000,000 $RACEFI (verify on-chain).
- Primary sinks: asset purchases, tournament fees, auctions.
- Primary sources: player buys, rewards, airdrops.
- Follow the whitepaper and platform page for contract address, vesting schedules, and official price racefi updates.
Call to action — Read the whitepaper to verify governance rules, vesting schedules, and the token contract; join the community to participate in testnets, PVP/PVE events, and upcoming racetracks.
