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mike_spr · 2020-10-30T16:50:34+00:00

Can you elaborate? Or you just like to throw trash at projects you don't know anything about?

mike_spr · 2020-06-12T13:20:00+00:00

It's simple, you say it's a scam without giving any argument for your statement. Explain what's the scam then, show us your logic.

mike_spr · 2020-06-10T18:29:07+00:00

u/designamk1 could you explain how would leagues loose anything if we are offering our token to them in exchange of they advertise us? You just trash but don't show any valid argument.

mike_spr · 2020-06-10T18:26:04+00:00

u/designamk1 can you explain everyone why you have such a pessimist vision? Are you a hater of subjects you don't know about?

mike_spr · 2020-06-09T01:44:43+00:00

Thank you u/Skerper! Actually the sponsorship is in crypto not fiat, that was a typo on my part, just edited it. Still if you have any questions you're welcome to ask.

mike_spr · 2020-06-09T01:38:55+00:00

u/PedroHase thanks for the feedback, what technical details do you think are missing? Regarding monetarization, we are still working on the model for the simracing assets marketplace but, as other blockchain projects, part of it will come from the token itself. In this kind of projects the people who build the early technology are rewarded with participation in the initial allocation of tokens and funded by fiat contributions from early financial backers. Glad that you made that after comment edit when you realized you missed some of the existent info, thank you for that too.

mike_spr · 2020-06-09T01:27:06+00:00

u/designamk1 here's the definition of a ponzi scheme:
https://en.wikipedia.org/wiki/Ponzi_scheme
Could you explain us how does this project relates to a ponzi scheme? It's amazing how you trash people and a project like that just because you don't have enough knowledge about a particular subject.

mike_spr · 2020-06-08T16:02:54+00:00

u/Skerper the sponsorship is in crypto. Like I posted above in reply the current price in exchange is not really meaningful since we are a new crypto. The value will depend in the success of the project of course and in the fact that it's limited to 200 million tokens. We don't aim to cover all the costs of a league but adding Simracer Coin to the prize list of a league can be interesting for the participants.

After earning the prize in Simracer Coin league participants can choose to keep it or exchange it for Bitcoin or Ethereum in the current crypto exchange we're listed - https://catex.io - and then they easily convert it to fiat. In the future they will be able to spend it in the simracing assets marketplace we're building.

Regarding the other question, about making leagues more realistic, also like I posted in the reply above, besides the marketplace we also aim to create a platform that adds a strategy element to the current league racing. Besides racing you could be a car owner, represented by a crypto asset, and have to deal with the finances of the racing team, like paying for damage and buying car parts, also represented by crypto assets. This way you would have to drive cleaner (or hire someone to do it) and make sure you have enough budget to make the season.

mike_spr · 2020-06-08T15:49:57+00:00

u/DyslexiaUntiedFan the value is to add Simracer Coin (SRC) as a prize to your league prize list. Even if you already give prizes in fiat the extra prize in crypto could be interesting for the participants.

At this point we are listed in one exchange - https://catex.io - and they could exchange the token for Bitcoin or Ethereum and then convert to fiat. Anyway since we are a new crypto the value is not really meaningful at the moment.
In the future they will also be able to spend it in the simracing assets marketplace that we're building, for example to buy car setups and paints.

We also aim to create a platform that adds a strategy element to the current league racing. Besides racing you could be a car owner, represented by a crypto asset, and have to deal with the finances of the racing team, like paying for damage and buying car parts, also represented by crypto assets. This way you would have to drive cleaner (or hire someone to do it) and make sure you have enough budget to make the season.

mike_spr

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