With the recent success of the metaverse sector, blockchain “Play-To-Earn” games have become popular. In this new model, players now have the opportunity to generate significant revenue simply by playing. Let’s discover Nitro League and its token NITRO, a new mobile car racing game with sophisticated gameplay and mechanics
The “Play-To-Earn” industry is still to be built
Since the Facebook group’s announcement to rename itself to Meta, the metaverse phenomenon is shaking up the gaming and cryptocurrency world. In particular, blockchain-based Play-To-Earn (P2E) games like Axie Infinity have really gained in popularity. As new economic opportunities are created, these games are attracting more and more users around the world. Their goal? To generate revenue in cryptocurrencies, simply by playing.
For now, this industry is still young and in the early stages of development. Play-To-Earn blockchain games are relatively rudimentary and very simplistic. The graphics take us back to the beginning of the video game era, where the focus was more on mechanics than on aesthetics.
Logically enough, this new economic dimension in video games has not yet been mastered or regulated. At present, blockchain games tend to be “Pay-To-Win”, i.e. rich players can buy items allowing them to progress faster than players with less means.
However, more and more studios are striving to produce quality “Play-To-Earn” games where graphics, gameplay and game mechanics compete with today’s traditional games. This is the case with Nitro League, a decentralised P2E racing game, accessible only on mobile.
In this game, racing cars are tokenised in the form of non-fungible tokens (NFT). Players can therefore collect them and prepare them for online races against other users. Thanks to dedicated marketplaces, it will be possible to buy parts to improve one’s vehicle and thus increase its performance and market value. Eventually, these will be displayed in the metaverse.
Conceived and developed by a team of various experts recognized in the world of finance, gaming or cryptocurrencies, Nitro League has already raised $5 million from investors such as YGG Southeast Asia, Huobi Ventures and Morningstar Ventures.
Nitro League, a game that rewards skilled players
Designed to be supported by all smartphones, from the lowest to the highest end of the market, Nitro League is accessible to a maximum number of players worldwide. The gameplay focuses on advanced game mechanics, allowing only the most skilled players to win prizes, not the wealthiest. Buying the best car and the best equipment will not ensure the final victory.
Currently, most Play-To-Earn games have a catalogue of characters and items. Thus, players can choose from a wide range of heroes. However, the difference in levels between them leads to poor balancing: the weaker ones will have less value, therefore less interest, and will end up never being sold on the secondary market.
Faced with this situation, Nitro League has decided to produce only a limited variety of racing cars. Thus, each one has the possibility to compete with the other, if it is properly equipped and improved.
Finally, as you may have noticed, joining a P2E blockchain game can be complicated. Players who have been around for a long time are extremely competitive, so it takes a lot of time and money to break out of the initial pack. In order to break this barrier to entry, Nitro League offers a hierarchy system that allows players of the same level to compete against each other, leaving beginners to fight it out amongst themselves.
In addition to the principle of valuing the game’s assets through NFTs, common to all blockchain games, Nitro League has set up other vectors to reward players. At the centre of these is its native token, the NITRO, whose roles we will describe in the rest of this article.
NITRO, the fuel of the racing metaverse
The roles of the NITRO token
Nitro League players progress through the game with the goal of increasing their reputation level (REP) and being the best. This is achieved by simply owning race cars and performing well (or even winning) in races. All of these activities require the possession of NITRO tokens.
As you can see, NITRO is the official currency of the Nitro League ecosystem. In order to purchase a race car, upgrade and decorate it, buy extra fuel for races, qualify for events and deals, or participate in official races, players will need to spend NITRO tokens.
In addition, Nitro League wants to give players the opportunity to be active and shape the ecosystem as they wish. Firstly, they will be able to use their NITRO tokens to create clans or join guilds operating as a decentralised autonomous organisation (DAO). Secondly, it will be possible to build one’s own circuit, offer races and even organise real tournaments.
In short, the main objective of Nitro League is to offer players the possibility to spend their NITRO tokens to progress in the adventure and get more deeply involved in the ecosystem. This gives the token a real purpose by encouraging as many users as possible to hold and use it, increasing demand in the market place.
Next step: NITRO
token IDO
The Initial Dex Offering (IDO) of the NITRO token is taking place on three dedicated platforms: Polkastarter, Polygen and finally Copper. If you are interested in the Nitro League project and would like to participate in the launch of its token, we will detail the easiest way for you to do so.
Copper Launch is the platform of the Copper exchange dedicated to launching new tokens on the market. The protocol is based on the Balancer Liquidity Bootstrapping Pool, which allows projects to raise funds from investors around the world. Above all, it is a transparent, open and accessible system that allows everyone (large portfolios and small individuals alike) to be on an equal footing and have the same chances of getting their hands on tokens.
The NITRO/USDC pool is available on Copper Launch from 5pm on Tuesday 14 December until 3pm on Thursday. The pool will initially consist of 16,666,666 NITROs and 2,000,000 USDCs, representing 83% and 17% of the total pool respectively. The NITRO will initially be priced at $0.6 and is expected to move towards a final price of $0.06, following a pre-defined downward trajectory.
NITRO token price evolution diagram during its auction period on Copper Launch (Source: NITRO auction on CopperLaunch)
This is a classic token auction scheme. As the price is lower, there are more buyers and the demand for the token increases. The price rises quite logically, slowing or even offsetting the predefined drop. As a result, if there is sufficient buying strength, the price of the token can stabilize and even move in an upward direction.
How to participate in the Copper Launch auction
In order to buy NITRO on Copper Launch, you will need to follow the steps listed below
- Go to the Copper Launch website;
- Connect your favourite Ethereum wallet (if you don’t have one, see our tutorial on how to create a Metamask wallet);
- Possess USDC tokens on your wallet (and necessarily ETH to pay gas fees);
- Go to the NITRO auction page;
- On this page, you will find all the information detailed in the previous paragraph;
- Swap your USDC against NITRO on the pool provided for this purpose.
You now have your NITRO tokens! Note that the biggest contributors will be rewarded with an airdrop of rare race cars
