Name Change Token
Name Change Token
NCT is the base asset of the Hashmasks project, which allows holders to change their masks’ names and store them on the Ethereum blockchain with public visibility. Interestingly, the uniqueness of the name adds weight to a mask’s rarity.
What Is Name Change Token (NCT)?
NCT was launched together with the Hashmasks project in January 2021. Hashmask holders can claim tokens as they accumulate daily.
The naming rules dictate that a name must be unique, contain only numbers, letters, or both, have a maximum of 25 characters including spaces, be case insensitive, and have no trailing spaces. Moreover, once a name is changed, it becomes available for use.
Who Are the Founders of Name Change Token?
NCT is the brainchild of the same team behind the Hashmasks project, Suum Cuique Labs, located in Switzerland. Hashmasks are virtual art collectibles developed by a globally-distributed team of 70 artists. The collection comprises 16,384 rare virtual portraits.
What Makes Name Change Token Unique?
Although NCT’s primary use case is to enable Hashmasks’ holders to uniquely name and rename their non-fungible tokens (NFTs) or artworks, it opens up the industry to more possibilities.
For instance, making the name part of determining the rarity of an NFT contributes to the value increases of a Hashmask NFT. Notably, the same is replicable across the digital collectibles ecosystem.
Most importantly, the value of an NFT-based artwork is editable by both its creator and consumer. Hashmasks’ creators only give the direction of the rarity but leave the rest to consumers. One example of a consumer-centric rarity trait is the name.
Through the Name Change Token, Hashmasks don’t have a fixed value or uniqueness, which will allow the artwork’s final-form rarity to be established only after the last token has been burnt.
How Many Name Change Token (NCT) Coins Are There in Circulation?
Since the tokens connect to the number of Hashmasks and are affected by their daily accumulation, there’s no definite total supply.
However, a single NFT is capable of accumulating approximately 3,660 NCT coins within 12 months. Early participants during the ICP (initial contribution period) receive an extra 1,830 tokens. Notably, these tokens account for roughly six months of NFT emissions.
How Is the Name Change Token Network Secured?
First, Hashmasks are digital masks hashed into the Ethereum blockchain. Therefore, the NCT token leverages the security of the second-largest decentralized network.
However, the Name Change Tokens rely on Ethereum’s proof-of-work (PoW) consensus mechanism instead of its newly-launched proof-of-stake (PoS) chain. They adhere to the blockchain’s ERC-20 token standards.
Name Change Token
NCT is the base asset of the Hashmasks project, which allows holders to change their masks’ names and store them on the Ethereum blockchain with public visibility. Interestingly, the uniqueness of the name adds weight to a mask’s rarity.
StarTerra
REVV
REVV
REVV (REVV) is a utility token used as an in-game currency in blockchain motorsport games developed by Animoca Brands.
What Is REVV?
It serves to maintain the gaming economy in F1 Delta Time, MotoGP Ignition and REVV Racing. These projects implement the concept of play-to-earn, through which gamers are provided with financial benefits in the form of cryptocurrency for their contribution to the game world.
During gameplay, REVV is obtained as a reward for participating in time-trial races and grand-prix tournaments, as well as through staking of the race cars and collecting dividends from track ownership. Players can spend the currency on non-fungible token (NFT) purchases and gameplay entry fees inside of this digital universe.
According to the official lightpaper, a summary version of a whitepaper, REVV first token sale was in September 2020, just prior to the launch of F1 Delta Time in December 2020. Subsequently it was introduced to MotoGP Ignition and REVV Racing upon their respective releases in March 2021 and August 2021.
Who Are the Founders of REVV?
Animoca Brands is a Hong-Kong based company founded in 2014 by entrepreneur Yat Siu. Born and raised in Vienna, Austria, he previously worked for well-known game development company Atari. He is also the founder and CEO of Outblaze — a technology corporation focusing on development of various digital media products.
The CEO of Animoca Brands is Robby Yung, an entrepreneur, publisher and mobile game developer. He is formally the co-founder and CFO of Redgate Media — a television and outdoor media holding company; the co-founder and CSO of One Media Group — a magazine group; the founder and CEO of One Studio Limited — a web development company; and the founder and CEO of OSMedia Limited — a television advertising sales company.
What Makes REVV Unique?
REVV is an in-game currency that has monetary value outside of the game world. A lot of games with virtual economy systems only allow players to exchange game assets within the digital universe, which deprives a player of experiencing possession in a real-life sense.
Moreover, in the case of non-blockchain economy games, digital resources are vulnerable to the possibility of game server shutdown. Thus a potential termination of the project would imply an instant loss of all the hard-earned assets for the player. Animoca’s REVV-based blockchain games provide players with true ownership of in-game resources, which includes an ability to buy and sell the NFTs and tokens on digital marketplaces, transfer them to other players and use the tokens in other supported games.
It is also noteworthy that the majority of REVV-based games are developed under a licensing agreement of recognisable sports brands such as Formula One and MotoGP.
Furthermore, REVV ecosystem engages in a cross promotional deal with Animoca Brands subsidiary The Sandbox — a nonlinear gameplay virtual world, which uses SAND tokens as in-game currency. Upon the announcement of the REVV/SAND pairing on automated market maker (AMM) Uniswap, players were given an opportunity to receive unique REVV-branded The Sandbox NFTs for providing liquidity to the REVV/SAND trading pair. The Sandbox themed REVV Racing rare NFTs were also given out to liquidity providers as part of the second REVV/SAND liquidity event launched by Animoca Brands.
Related Pages:
Learn about what play-to-earn is, and the top NFT games in 2021.
Read more about other P2E games: Binemon, My DeFi Pet, MOBOX, CryptoZoon, Kaby Arena, Alien Worlds and Guild of Guardians.
Find out more about CryptoBlades versus Axie Infinity, two of the top P2E games.
Look into SKILL — the in-game cryptocurrency of CryptoBlades.
Check out SAND — the in-game cryptocurrency of The Sandbox.
How Many REVV Coins Are There in Circulation?
The total supply of REVV is 3,000,000,000 tokens. The allocation of REVV tokens are as follow: 500,000,000 (17%) allocated to F1 Delta Time; 400,000,000 (13%) to MotoGP, 1,300,000,000 (43.3%) kept as the reserves; 300,000,000 (10%) given to the team and advisors; 250,000,000 (8.33%) allocated to the initial DEX offering; 250,000,000 set aside for player reward reserve.
The 500 million REVV tokens allocated to F1 Delta Time are split as follow: 249,980,000 (50%) to game operations; 30,020,000 (6%) for staking; 200,000,000 (40%) kept as reserve; 20,000,000 (4%) allocated to promotion and marketing expenses.
How Is the REVV Network Secured?
REVV is an ERC-20 standard token based on the Ethereum blockchain. Tokens can be created on the Ethereum blockchain via smart-contract, an algorithm stored on the blockchain.
When Will REVV Trading Begin?
REVV trading began on Sept. 4, 2020, via automated market maker (AMM) Uniswap. REVV was initially launched priced at $0.00666 for the ETH/REVV trading pair.
Can REVV Hit $1?
Upon analyzing changes in REVV rate during the time since launch, an obvious correlation between the instances of REVV price spikes and of Animoca Brands game release dates can be seen. The REVV price significantly increased in April 2021 upon the release of MotoGP Ignition and at the time reached $0.60. More recently, in August 2021 the release of REVV Racing triggered price growth once again. Although it is most likely that the positive dynamic will continue in the near future due to the recent launch, with the current token price around $0.25, REVV is still far from $1 and has not yet signalled that it will challenge the level.
REVV
REVV (REVV) is a utility token used as an in-game currency in blockchain motorsport games developed by Animoca Brands.
Gods Unchained
Gods Unchained is a free-to-play tactical card game that gives players true ownership of their in-game items.
What Is Gods Unchained (GODS)?
Led by the former game director of Magic The Gathering: Arena, the game focuses on competitive play, which means players must strategically outsmart their opponents by building decks that are able to combat a wide variety of tactics. In Gods Unchained players completely own their digital items, giving them the freedom to trade, sell and use their cards any way they like – just like owning real, tangible cards.
GODS is an ERC-20 token used as premium currency within the GU ecosystem. The tokens will be to:
Create an NFT.
Used within the marketplace and for in-game purchases.
Distributed as a reward to players.
To learn more about this project, check out our deep dive of Gods Unchained.
How Many GODS Tokens Are There?
There’s a hard cap of 500 million GODS tokens. It will be allocated across player incentives, the developers and a public sale.
Who’s the team behind Gods Unchained?
Chris Clay (Gods Unchained Game Director): Formerly Game Director at Magic: The Gathering Arena (MTGA), during which it went from low 8-figure to $200M ARR. Chris became a gamer before he could crawl, beating his dad first in Pong and then just a few short years later in Space Invaders on the Atari 2600. His love of gaming continued to evolve into competitive play through the Quake mod Thunderwalker CTF, and creative mapping and modding endeavours with Team 3 for Quake 2. This love of creation led him to join Turbine Inc. in 2000 and he then spent 15 years at Turbine working on MMOs such as Asheron’s Call 1&2, Lord of the Rings Online, and finally the MOBA Infinite Crisis. Progressing from Technical Artist, to Art Direction and finally as a Game System’s Designer focusing on combat and tying together all of the elements of game creation to create responsive systems. Before joining the Immutable team as the Game Director for Gods Unchained, Chris spent the previous three years at Wizards of the Coast working on Magic the Gathering: Arena, first as a Principal Designer and then as Game Director. Chris is passionate about building brand new economies which empower gamers and communities via NFTs.
James Ferguson (Co-Founder) Forbes 30 Under 30: James previously led a software development team at a billion dollar eCommerce company. He holds a Bachelor of Laws and a Bachelor of Commerce (Finance) from the University of Sydney. He taught himself how to code by doing the MIT curriculum online, and moving to Silicon Valley in 2014. Together with his brother Robbie, they have previously built multiple businesses, including an ecommerce platform that utilised machine learning to optimise conversion rates, as well as a cryptocurrency arbitrage trading and lending fund. After getting involved with Ethereum in 2015, they fell down the rabbit hole and since then have built the world’s first multiplayer blockchain game, the first blockchain TCG and the first zk-rollup for NFTs.
Robbie Ferguson (Co-Founder) Forbes 30 Under 30, Thiel Fellow: Robbie previously built an automated capital gains tax platform at KPMG which was licensed to Australia’s largest cryptocurrency exchange. He became obsessed with Ethereum in 2015, and dropped out of a Computer Science/Law degree at the University of Sydney to found Immutable. He was awarded the Thiel Fellowship in 2020. Robbie believes that future generations will spend most of their waking hours in virtual reality, and wants to ensure the digital worlds they live in are as economically meaningful as the one we currently inhabit.
