REVV Motorsports Shares Details on SHRD Token
The team’s report highlighted minting, supply, and emission and included the token's reward mechanics and other utilities.
Reward Mechanics For SHRD
REVV Motorsports has shared excerpts on the Whitepaper of SHRD token via a blog post. SHRD or Shard Token is a cross-blockchain fungible token, and it is the primary reward for play and engagement within the ecosystem. It comes just after the REVV token, the core utility token for purchasing commodities and accessing exclusive events in the ecosystem.
Since REVV Racing is an arcade-simulation racing game, SHRD is earned based on the distance covered. The token is earned per mile as each track is measured by the number of miles for a single lap. Although the base earn is 5 SHRD per mile, the earn rate is determined by the car rarity, event type, and REVV fee.
Apart from earning per distance, SHRD bundles are available for players who achieve certain ranks.
SHRD Token Supply and Utility
Although SHRD supply is not limited, the emission is controlled every month, and the token is also burnable. The initial mint will be 30 million, and then 2 million SHRD will be added monthly. The mining will start this month.
Also, the amount a player will receive in a month is proportional to their earnings that month. There is no straight percentage for this calculation, which is also affected by factors such as the recent activity of such players, the total lifetime sessions, and car ownership.
The Fusion System is another utility for SHRD. It allows cars to fuse with other cars and NFTs to generate new ones. It will also be earnable for track owners in the REVV Motorsport ecosystem. SHRD will have MotoGP™ Ignition as its second support. Thus, it will be possible to earn from MotoGP™ Ignition and spend it on REVV Racing.