Lesson

How Does Play-to-Earn Work?

At the beating heart of REVV’s existence is Play-To-Earn — an exciting concept that is fairly self-explanatory: You play games in order to earn assets and tokens with real life value.

Getting yourself kitted out with the best cars, drivers and components can take some time and investment, but Play-to-earn gives you the chance to turn a profit while doing something you really enjoy.

So… let’s take a look at how players earn REVV and other prizes, all while using F1® Delta Time as an example.

Time Trials

First up in this Ethereum-based game, we have time trials. This is a chance for you to put your cars to the test in different types of weather. REVV tokens are paid out to the gamers who manage to secure the fastest times irrespective of the torrential downpours or dry conditions they are faced with.

Four tiers are offered in the time trials. Tier A commands the highest stats from your team, with decreasing requirements until Tier D. Across each tier, the top three players on the leaderboard will all receive a REVV trophy NFT, and there are also REVV prizes for the 10 top performers in each Tier.

F1® Delta Time encourages daily play as each tournament takes place over the course of a week. You’ll get points based on your performance in each race, and the final standings are counted when all of these points are totted up together to give you a weekly score.

It’s competitive out there. At the top of each leaderboard, competitors are often separated by mere fractions of a second. As a result, it can take a lot of experimentation to ensure you have that all-important edge over rivals. Uncovering epic and legendary NFTs can be vital in order to boost your chances of success for the higher Tiers— as well as knowing the strengths and weaknesses of the assets you own.

Some of the stats to keep an eye on include the max speed of a car on a straight line — an attribute that a player can capitalize on when they’re playing circuits with fewer bends. Acceleration can help on courses with high numbers of corners because you’ll get to a top speed faster, and grip can help with the handling. There’s even an element of luck that can ensure you get a minor boost to stats.

Of course, a car is only as good as the driver. Here, concentration, aggression and stamina are the key metrics to watch out for — determining how quickly they recover from mistakes, their willingness to put their foot down and go at top speeds, and whether they’re able to operate at a consistently high level throughout a long game.

Many players choose to start from the lower Tiers and work their way up to the more challenging ones. Each week this mini game offers 10,000 REVV as a prize per season and winnings are divided between Tiers based on player participation.

Grands Prix™

Play-to-earn also extends to Grands Prix™ on this REVV-powered game. This actually gives you the chance to use the NFT cars that you have purchased and built directly in a real-world environment — and you even have the chance to win new non-fungible tokens if you outsmart rivals on the circuit.

Make sure to check out announcements for the ongoing Grand Prix™ events, as the way how points are calculated is changing constantly, keeping players on their toes and while this week you may focus on a certain track, next week competition may be all about specific weather type or combination of them all.

As well as earning REVV tokens, gamers have a chance to pick up keys — bundles that contain a number of in-game items including drivers, cars, components and trinkets: Items that racers need to improve their performance in the game and to advance to higher prizes.

For example, those who generate the biggest score across a week in top-flight Tier A might be able to get their hands on an Epic key if they come first, Rare and Common keys if they secure second place, or Rare if they come third. Prizes gradually decrease in less challenging tiers.

Practice makes perfect, and earning REVV and crypto-based items gives you options. You could use your winnings to invest further in your collection of assets, or you can opt to sell them for a profit in a second-hand marketplace. As we’ve seen, REVV can also be effortlessly swapped for alternative ERC-20 coins using MetaMask and a plethora of decentralized exchanges.

It is worth remembering that some of the cars in F1® Delta Time can attract huge prices. In March 2021, a vehicle commemorating the 70th anniversary of Formula 1 attracted a price tag of $262,229.12. Records show that it sold for a cool $323,397 less than three months later — resulting in an impressive profit of about $60,000.

Also, to understand the five levels of NFT rarity, and what they mean, about 65% of the cars in circulation are Common, falling to 30% in the Rare category. Just 4.5% are labeled as Epic, with 0.46% as Legendary. The god tier when it comes to F1® Delta Time concerns Apex cars, as just 0.04% of the NFTs in circulation actually fit this requirement.

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Staking

This isn’t the only play-to-earn element that’s on offer from F1® Delta Time, further increasing the utility of REVV tokens.

Staking enables gamers to increase the value and utility of the NFTs they have amassed in the game. This process effectively involves temporarily transferring ownership of an item over to F1® Delta Time, meaning that the NFT in question can’t be raced or traded while it’s staked. There are perks though, as players will end up earning REVV throughout this period.

The first 2 Staking pools, together worth 10,000,000REVV, were and are available for 2019 car owners. In this example, cars with a higher level of rarity are able to command a bigger chunk of earning potential when it comes to staking. While Apex cars get 40% of the prize pool, Legendary get 30%, Epic receive 20%, Rare 6% and Common 4%. All of this creates an incentive to keep looking for new cars to add to a collection.

NFTs earn an amount of REVV for every day they are staked. However, rewards are not automatically sent to a user’s wallet. Instead, the owner needs to wait for pre-approved intervals in the staking term to claim their earnings. It’s also important to remember that you’ll need to lock up your NFTs for a set period of time, and you may have to pay gas fees in order to send your car to the staking contract — and to send it back to your wallet. However, REVV platform is currently working to move these games into other chains like Flow and Polygon, in order to provide better user experience with less transaction fees.

Elite Time Trials & Event Segments

Finally for this lesson, let’s take a look at Elite Time Trials — another play-to-earn concept that blends NFTs, game mechanics and the bustling world of decentralized finance. These events use the same gameplay form as regular Time Trials, but they are only held for limited times and involve staking REVV in exchange for a guaranteed yield in the same token. In addition to this, those who play the best over the course of the event also have a chance to receive a payout from a separate prize pool.

The benefits of play-to-earn, which are delivered through the use of REVV tokens, are clear to see. It adds an even bigger dose of adrenaline when you’re about to hit the track, not to mention a sense of euphoria when you find your name at the top of a leaderboard. We’ve seen how eSports can be an exceedingly lucrative enterprise for the best gamers, and this approach means that anyone has the chance to become a champion. It also adds meaning to the world of crypto collectibles — meaning there’s a very real purpose for hunting down the best NFTs.

Secondary markets and the fact that REVV is listed on a number of top-flight exchanges also means that play-to-earn can be completed on your terms. Want to sell up after a big win? That’s your call. Want to keep purchasing more NFTs? That’s fine too. Given the sheer number of features on F1® Delta Time, there are endless ways to earn and spend your REVV. Have we mentioned that you can also receive dividends in REVV by becoming the proud owner of one of the tracks?

F1® Delta Time offers a form of NFTs called event segments, which are basically segments of different Grand Prix™ events played in the games. If you own a piece of Monaco event, whenever players race in the Monaco Grand Prix™, part of the racing fees goes to the owners of the segments as a reward. Talk about true digital ownership.

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