· March 17, 2018 · 4:00 pm
As DApps Look Set to Hit the Headlines in 2018 Cryptocars Supercar Smart Contract Game Is Making All the Right Moves
Some are saying this year is going to be the year that gaming dominates the crypto headlines, and from what we have seen so far it is not something we would like to short.
Billions of gamers worldwide have been buying into tokenized gameplay for many years, with all manner of in-app purchases for coins and other digital items. However, the blockchain now has the potential to disrupt the gaming sector forever, by decentralizing ownership of these digital assets on the blockchain using smart contracts, in a similar way the internet and mobiles changed the way we now play games.
The past few months have seen some jaw-dropping blockchain games reach mind-boggling amounts of Ethereum flow into them and taking into account ERC721 token only “birthed” in late 2018 this is quite a remarkable level of growth even for the relatively booming gaming sector. The digital scarcity token space or crypto collectibles to give it one of many names being coined at the minute, all started with CryptoKitties and then moved onto trondogs, robots, countries, and celebs among others.
is one of the first games we have seen launched to have a long-term plan for gameplay, and rewarding “hodling”, a game that doesn’t just involve buying and selling digital items until “the greater fool” is found. CryptoCars have produced a white paper, very unusual for crypto games, and it all looks impressive and sounds very promising but they will need the support of the community and a talented dev team to pull it off but so far they seem to be making all the right moves.
The race is on to be the first off of the starting grid with new Dapps launching each day, but the key to winning the crypto gaming wars is through the community. This sector is evolving very quickly and the winners are going to be the ones who position themselves at the heart of the community and let the future direction be guided by the gamer community itself. So far CryptoCars seems to be building up a very loyal following and time will tell where this wild west frontier of gaming will go.
About CryptoCars.cc
Now it is possible to buy, collect and sell CryptoCars Smart Contracts as a valuable and one-of-a-kind collectible using the Ethereum blockchain. Many dream of owning Lambo’s and Ferrari’s and now it is possible to be the only person in the world to own CryptoCar Smart Contracts for such desirable cars like the Bugatti Veyron, Ferrari 250 GTO or maybe your taste pushing you towards going for the Tesla Roadster which is being touted as the fastest production car ever.
The moment a Smart Contract is purchased, it is automatically relisted on the marketplace, and the price tag is now doubled* The owner might not own that CryptoCar for long! When somebody else buys the Crypto car at the current price list in the marketplace, they will automatically take control of your CryptoCar Smart Contract taking ownership from you. Although the owner will lose the CryptoCar card, they will be paid up to double the amount originally paid in ETH by the new owner.
James Bradshaw spokesperson for CryptoCars.cc said:
As the crypto gaming sector matures and we start to see the trading of digital assets becoming more popular, driven in part by an increasing demand for game players to own and trade virtual assets on the blockchain we want to build a platform that is powered by a community that has a huge influence of the future direction of the whole sector.
CryptoCars runs on the blockchain, meaning each CryptoCar is linked to one unique Smart Contract Token on the Ethereum blockchain. In order to purchase a CryptoCar Smart Contract choose the supercar you want and you send Ether to the contract using Metamask.
If somebody else wants to buy one of the current owners CryptoCar Smart Contracts, the buyer has to pay double the amount paid for the original purchase. Ready to get started? All that is needed is to and then download the MetaMask Smart Wallet Google extension or FireFox Plugin.
* The increase in price doubles up to 1 ETH then slows down in the increases after.
The team at CryptoCars.cc have released a whitepaper that lays out the plan to release the game phases.
Phase One – CryptoCar Contract Launch
During this phase, we will be launching the Cryptocar Smart Contracts. You can buy, collect and sell your Cryptocar Smart Contract as a valuable one-of-a-kind collectible using the Ethereum blockchain.
Phase Two – Racetrack Smart Contract Release
During this phase, we will be releasing the Racetrack Smart Contracts. We will soon (March 2018) be announcing a very exciting promotion method that we will be using as a way of distributing the 300 Circuit Smart Contracts. The Racetrack contracts will be rewarded to the highest rolling players in the game. The initial price of the racetrack smart contract awarded will be set at the total value of all cars in your garage at the end of the promotion.
Phase Three – Driver Contract Release
This will see us add the Driver Smart Contract. Every player can create their own profile which is stored on a smart contract and this will be on the blockchain forever.
Phase Four – Car Rental Begins
For the current Cryptocar smart contact owners, this will be a way to generate extra income while owning the Cryptocar Contracts. The higher the Value of your Cryptocar the better it will perform in competition and will, therefore, demand higher rent.
Phase Five – Let’s Get Ready to Race
You can choose to enter a race with Ethereum or Cryptocar Credits. All races will have a predetermined number of racers; when all race positions are filled the race is run and the winners are rewarded in the selected currency. The race winner is determined by our custom race algorithms that will take many factors into account like driver statistics, vehicle value and track compatibility just to mention a few.
Responsible Gaming
The key to successful gaming is to remember that it is only a game and is meant to be fun. When you play games, you compete against other players and your skill and strategy hopefully influences if you win or lose. Gameplay should not be about those who stake the most or some kind of high stakes reckless strategy. Think about your strategy and do your research, start small and build up value through gameplay and skill.
Sometimes it is good to take a break from gameplay, take a walk in the park, go the movies, cook some nice food or whatever else spontaneous comes to mind. This crypto gaming and in particular crypto collectible gaming is a new sector that has the potential for huge growth but you should have realistic expectations. Join the community, ask questions, give suggestions and together we can be a part of something very exciting.
You find more information at or read the whitepaper .
Images courtesy of CryptoCars
The content of this article was provided by the company referenced. Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.
Published at Sat, 17 Mar 2018 20:00:08 +0000
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EU’s Bitcoin Database Could Make Privacy a Thing of the Past
The EU may set up a bitcoin database to keep track of crypto users’ identities and wallet addresses in its bid to combat terrorist financing and money laundering.
bitcoin has had its fair share of controversy, previously being seen as the preferred medium of exchange for criminals on the black market. In addition, its high level of anonymity has raised concerns that it could be used to finance terrorism, as well as to aid in money laundering schemes.
These negative associations are exactly why the European Union (EU) has been working towards to with regard to cryptocurrencies. This year’s phenomenal increase in crypto prices and popularity might also have something to do with it though.
The crypto industry reached a record-breaking , with bitcoin being responsible for more than half of that. The most well-known digital currency has had an impressive year, peppered with drastic price surges and forays into mainstream adoption, thanks to .
A Comprehensive Database for Crypto Users
The EU’s proposal mean that crypto exchanges will have to follow strict rules with regard to reporting any suspicious activity and will also have to adhere to customer identity regulations.
According to , the newest addition to the Fourth Anti Money Laundering directive states that the EU has the option of creating a “central database registering users’ identities and wallet addresses.”
The updated amendment went on to state:
The report shall be accompanied, if necessary, by appropriate proposals, including, where appropriate, with respect to virtual currencies, empowerments to set-up and maintain a central database registering users’ identities and wallet addresses.
This new proposal will have to wait until 2019 to be considered, the same time that the effectiveness of the new money laundering rules will be discussed. The information on these databases will be available to authorized institutions, such as the National Crime Agency and asset recovery authorities.
No More Hiding Behind bitcoin
These databases will completely rip off the veil of secrecy that shrouds bitcoin. This might be good news for regulators, but not for users. Even though their user information may be private, their transactions made with bitcoin are not.
In addition to exchanges, regulators also have their eye on ICOs for any related fraud or cybercrime. The in America is also on the lookout for any sign of tax avoidance activity made possible with the help of digital currencies.
The irony is that bitcoin’s huge increase in popularity may actually be acting as a deterrent to cyber criminals as the currency’s network is under pressure, resulting in payment delays and high transaction fees.
Exchanges Could Embrace These Changes
Even with its secretive nature, some experts surprisingly believe that exchanges will be on board with the new regulations. Jacek Czarnecki, a lawyer specializing in digital currencies at the Polish law firm, Wardynski & Partners, had this to say:
The new regulatory framework might bring some civilization into the wild west of cryptocurrency and improve interconnections between the blockchain world and traditional financial systems, which have been rather shady so far.
Whether these new policies will have any effect on the popularity, and price, of digital currencies remains to be seen, as does the belief that it will possibly encourage faster mainstream integration.
What do you think about the recent increase in regulatory processes? Will it affect bitcoin’s price and popularity? Let us know in the comments below!
Images courtesy of Pexels, Bitcoinist archives, and Pixabay.
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