Ready? Set! Go! RaceX describes itself as a “Race-2-Earn” system that brings NFTs to the world of online racing. With a lengthy roadmap plotted out, RaceX aims to create real-world ‘on the road’ racing mixed with virtual racing, but at the time of writing, many of these features remain in development. In this guide, we will take a look at this token, discuss its background, and provide you with a guide on how to purchase some of your very own.
What is RACEX?
RaceX is an online racing game that allows players to become the owners of minted NFTs of race cars and purchase body mods and performance upgrades for their collection of crypto cars. Released in 2021 by Mo B and Shiroo, this game/NFT business model takes advantage of the “mystery” mechanics of randomized loot, also referred to as “loot boxes.” Additionally, the game uses performance-enhancing NFTs to allow purchased cars to race better in-game, sometimes referred to as the controversial “pay-2-win” model.
Operating via the Avalanche C-chain, this altcoin hopes to create an in-game business loop of rare NFTs, with a thriving competitive scene and value creation for the holders of the RACEX token. Gaming platforms and in-game gambling systems are becoming increasingly popular throughout both the blockchain crypto space and the metaverse ecosystem, as such racing platforms as the DCRC RaceX may well become increasingly visible in the space.
At the time of writing, many of the more ambitious road-mapped services of the RaceX platform are still in development, so this project might be considered to be somewhat in its infancy and might be worth keeping an eye on as it develops into the future.
Step 1: Register on Fiat-to-Crypto Exchange
Download the MetaMask browser extension or mobile wallet and register your account. Once you’ve downloaded MetaMask to your desired device, you’re going to have to purchase some Wrapped Ethereum (WETH) from MetaMask. This can be done by depositing some funds into your MetaMask account via an already existing fiat account or by purchasing some funds on MetaMask via a credit or debit card. Once the desired amount of funds is present in your MetaMask account, you can then seek out WETH in the trading tab.
As a side note, it’s usually a good idea to browse around when looking for the ideal wallet/exchange system for you. Various systems will provide different rates and features. For example, with a high degree of security, a clean design, and an easy-to-use interface, CryptoWallet.com, for example, creates a welcoming environment for newcomers and crypto connoisseurs alike! While it does not accept WETH at the moment, it is worth keeping an eye on in the future for cryptocurrency and financial needs.
Step 3: Transfer WETH to an Altcoin Exchange
Now, register to the Pangolin exchange and enter both WETH and RACEX in the respective trading options. Now, link your MetaMask account to Pangolin. This can be done quickly in your browser if you follow both Pangolin’s and MetaMask’s simple on-screen instructions. Look in the browser tab of the app, via look for Pangolin, and link your wallet.
Pangolin should have RaceX in the search menu, but if you wish to enter RaceX’s address, it can be found on Coinmarketcap. Simply copy the address and paste it into the Pangolin ‘find token’ option. Additionally, you may wish to take a further look into Pangolins’ slippage options in case of error or more specific forms of trade.
Last Step: Store RACEX Securely
At this stage, you may be wondering what to do with your RACEX now that you’ve got it. Some traders are comfortable enough to leave their tokens at the exchange from which they purchased them. This, however, is not ideal for everyone. As a result, you’ll need to think about a wallet system. Unfortunately, RACEX’s options are severely restricted, with the Ledger Nano S and the Ledger Nano X being your primary hardware options, and your aforementioned MetaMask wallet being available to you.
So in Pangolin, click the “Connect to a wallet” prompt, and choose the MetaMask menu, then click Next and then “next.” Then, as instructed by Pancakswap, follow the onscreen instructions. You should now be able to link RACEX from Pangolin to your MetaMask account.
While it does not currently host RACEX, CryptoWallet.com offers several wallet services, as well as a high level of security, coupled with a sleek and inviting design. Sadly, it doesn’t currently host RACEX, but it does host a variety of other coins and financial services. As a result, we believe it’ll be something to watch in the future.
Can I buy RACEX with cash?
RACEX tokens, unlike a lot of other cryptocurrencies, cannot be acquired using fiat money.
Rather, you might buy an existing cryptocurrency like WETH, Bitcoin, or Ethereum and then trade it for the altcoin you want on an altcoin market. To figure out how to do it, look at the instructions above.
Are there any quick ways to buy RACEX in Europe?
RACEX purchases might appear to be a little bit more complicated than your standard crypto trade. However, if you take a look at the above-provided guide, we can help you along each step to help you get your very own RACEX. Thankfully, this guide is perfectly applicable to the EU.
Are there any alternative platforms to buy RACEX or Bitcoin with credit cards?
RACEX, unlike other cryptocurrencies, cannot be bought using fiat money.
Rather, you might buy an existing cryptocurrency like WETH, Bitcoin, or Ethereum and then trade it for the altcoin you want on an altcoin market. Go to the guidelines above to learn how to accomplish this.
Bitcoin, on the other hand, may be purchased with a credit card by enrolling with a cryptocurrency exchange that accepts credit cards. This service is offered by companies such as eToro.