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DeRace (DERC) is the 1407th largest cryptocurrency in the world by market cap, valued at $27,258,000. The current price of DeRace is $0.22715, which is -0.128% lower than yesterday. Prices have ranged between $0.233536 and $0.228714 over the past 24 hours. All prices are listed in US dollars and accurate as of March 27, 2023 06:03 UTC.
DeRace is part of the new era of blockchain-based gaming, where NFTs operate as the primary medium of exchange. The platform revolves around horse racing, and allows users to purchase, breed and race their own unique NFT horses.
DeRace is one of the first decentralized horse racing platforms and is more than just a game that users can play. The platform hosts a range of utilities, including a common component of animal racing – betting. NFT owners can even host their own hippodrome, set markets on their custom races and profit off them. It is this very element of DeRace that makes its decentralized nature significant, as the developers propose that centralized gambling and bookmaking companies often suffer from corruption and unfair odds.
The team behind DeRace hail from Lithuania, and the platform launched its Initial Dex Offering (IDO) in July 2021. DERC is the ERC-20 economic token behind the horse racing ecosystem and forms its economic backbone. It can be used for buying and selling horses, participating in races and gambling.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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