Click here to visit the dedicated $CROWN page, where you will find everything from explainers to tokenomics to wallets and a description of the benefits of holding and staking $CROWN.
What is $CROWN?
When players race in real money racing, they often receive a small amount of $CROWN, whether they win or lose. $CROWN is a utility token that currently lives on the Solana blockchain. The contract address is GDfnEsia2WLAW5t8yx2X5j2mkfA74i5kwGdDuZHt7XmG.
$CROWN is unique from many other tokens that circulate on the market in that $CROWN Tokens are utilized for in-game utility. These tokens were not released until the Photo Finish™ LIVE game / platform was fully operational, and as such, players were immediately able to use their $CROWN for consumptive purposes like Track Ownership. Disclaimer: None of the below information should be construed as financial advice. Read more below!
Why Is a Crypto Token Even Needed?
Many experienced companies and teams within the gaming industry have been very slow and hesitant to build within web3, and a large part of that fear is because of tokens. There have been nearly an infinite amount of projects that have utilized tokens in a way that has been detrimental to the game, to the players, or just outright as a scam.
However, we at Third Time look at tokens through a much longer term lens. Having a trustless and transparent item that can be utilized within a game ecosystem for reward and interesting game design, you can align the incentive structure of what the team wants and what the players want. Look no further than mobile games, where free-to-play has built a very combative relationship between the builders and the players, where developers have to in essence try to annoy players *just* enough into spending (by waiting or by forcing social interactions) without losing them.
Web3 and integration of tokens provides an extremely compelling new frontier by which the players own their assets, and can use their skill to create entrepeneurial opportunities for themselves.