With the recent success of the metaverse sector, blockchain-based “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 announcement of the Facebook group 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 popularity. As new economic opportunities are created, these games are attracting more and more users around the world. Their goal? Generate revenue in cryptocurrencies, simply by playing.
For the moment, this industry is still young and on the verge of its true 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 supervised. Currently, blockchain games tend to be “Pay-To-Win”, meaning that rich players can buy items that allow them to progress faster than players with less money.
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 notably the case of Nitro League, a decentralized P2E racing game, accessible only on mobile.
In this game, racing cars are tokenized as non-fungible tokens (NFT). Players can 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 parts will be displayed in the metaverses.
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 dollars 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 diverse catalog of characters and items. Thus, players can choose from a wide range of heroes. However, the difference in levels between them leads to a poor balance: the weaker ones will have less value, therefore less interest, and will end up never being sold on the secondary market.
In response to this, Nitro League has decided to produce only a limited variety of race cars. This way, each one has the possibility to compete with the other, if it is properly equipped and upgraded.
Finally, as you may have noticed, joining a P2E blockchain game can be complicated. Players who have already been around for a long time are extremely competitive, so it takes all the more 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 center of these is its native token, the NITRO, whose roles we will describe in the rest of this article.
To see more about Nitro League, here’s its trailer:
The roles of the NITRO token
Nitro League players progress through the game with the goal of increasing their reputation level (REP) and becoming the best. This is achieved by simply owning race cars and performing well (or even winning) in races. All of these activities require holding 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 see fit. First, players will be able to use their NITRO tokens to create clans or join guilds that operate as decentralized autonomous organizations (DAOs). Then, it will be possible to build your own circuit, propose races and even organize 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.
Next step: IDO of the NITRO token
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 below 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. But above all, it is a transparent, open and accessible system allowing anyone (large portfolios as well as small individuals) to be on the same footing and have the same chances to get their hands on tokens.
Since this Tuesday, December 14th at 5pm, and until Thursday 3pm, the NITRO/USDC pool is accessible on Copper Launch. It will initially be composed 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 predefined downward trajectory.
This is a classic token auction pattern. As the price is lower, there are more buyers and the demand for the token increases. The price rises quite logically, slowing down or even counterbalancing the predefined drop. As a result, if there is sufficient buying power, the price of the token can stabilize and even take 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 favorite Ethereum wallet (if you don’t have one, see our tutorial on how to create a Metamask wallet);
- Have USDC tokens on your wallet (and necessarily ETH to pay the gas fees);
- Go to the page dedicated to the NITRO auction;
- Once 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 racing cars.
