There has been no activity in the project’s Telegram group since inception.
The project’s domain name has been placed for sale.
For these reasons, we’ve moved this project to the Dead Coins section.
A new decentralized betting game with the guts and code to take over the cryptokitties wave is out. Coinrace is a race track built on the ethereum blockchain.
The game features cars that are branded with cryptocurrencies. Written in Solidity with smart contracts responsible for economic rewards, coinrace is changing the rules of betting protocols through the blockchain technology.
The volatility of the cryptocurrency ecosystem and the attendant difficulties of cashing in on the sector has forced many would-be investors to fold or already existing ones to leave.
To make sure that players and investors are assured of good returns, coinrace has instituted a special decentralized betting game that is loved, not just by enthusiasts of the blockchain technology, but also by critics.
The game is not cumbersome, rules are clear, the user-experience design is at the core of the game’s interface, and it has a simple mechanic at its core that will make it the next generation of betting protocols.
In the cryptocurrency space and in the realm of the blockchain technology, many games have been introduced, starting with the cryptokitties wave. Since then, many other decentralized betting games have been introduced. But the market is still suffering from issues.
Many of these games simply copied the cryptokitties code – dwindling innovation in the sector. Some of the other decentralized games are left as whitepapers or remain in beta versions for so long that investors and gamers lose interest.
This has changed, thanks to coinrace. It is a working decentralized application played and enjoyed by cryptocurrency enthusiasts. It is not just a whitepaper but a working Dapp.
A tote is a form of betting that has been around for so many years, dating back as far as the Ancient Rome when gladiatorial fights used this kind of betting to entertain and win rewards in addition.
As the world developed, this type of betting entered football, baseball, and horse races, as well as other sporting fields. But Coinrace decided to apply this roman betting game through the new, disruptive technology, the blockchain, making use of cryptocurrencies to develop a decentralized betting game.
To play coinrace, visit http://coinrace.co, where you can play the game on Ropsten and later on Mainnet and make a solution of your preferred race. The MetaMask plugin is needed since you are going to need it for undertaking transactions on the ethereum network in your browser.
These are the current race options available for players:
As a decentralized betting game, coinrace has a lot of ambitions. In the future, there will be a lot of upgrades to make the platform a betting protocol of choice.
Raiden Network Integration
Coinrace envisages an integration with not just the Raiden Network, but also Plasma. This move will be to ensure that the game is scaled for seamless playing, the operation of a payment gateway that would allow for peer-to-peer in-game asset transfers, and a possibility of near-free transactions.
An internal decentralized exchange development
Coinrace will develop a decentralized exchange (DEX) that will make sure that any ERC20 token is capable of operating and being accepted into the game. Apart from being able to eliminate using centralized crypto exchanges, this future addition will also make coinrace a more decentralized environment.
Coinrace is not just building a game for cryptocurrency and decentralized betting game lovers, but also building a platform where other decentralized totes would be developed and deployed, giving community members the opportunity to create their own games and profit out of their creations.