Supercars has established a CarDAO ecosystem within the virtual world, bringing together car enthusiasts for communication and entertainment purposes. This ecosystem includes various features like the Supercar Club, Arena PVE, Arena PVP, Club League Tournament, Car Rental, LP Staking Pool, CarDAO Construction, NFT Trading, Car Fans Community, License Plate Bidding, and more. These scenarios aim to create an engaging environment where players can compete and interact with fellow car enthusiasts. While each category has its own focus, they are all interconnected.
CAR is the token used on the Supercars platform and serves multiple purposes:
1. CAR represents the digital proof of interest in the Supercars ecosystem, and its value lies in the distribution of revenue generated by the ecosystem to all CAR holders through smart contracts.
2. CAR serves as an incentive for "bookkeepers on the network" who are financially rewarded for their participation.
3. CAR acts as equity certificates for participation in decision-making processes within the ecosystem.
4. CAR reflects the value gained by Supercars within the ecological mechanism, generating revenue.
The issuance mechanism for CAR is as follows:
- CAR is the only token on the Supercars platform and the sole equity credential for CarDAO.
- The total volume of CAR is 300,000,000 units.
- With each transaction and NFT minting, a certain amount of CAR will be destroyed, resulting in a final destruction of 100,000,000 units.
- The current circulating amount is 5,998,441 units, and additional CARs will be generated via the PLAY-TO-EARN and CREATE-TO-EARN mechanisms in the Supercars application by CarDAO members.
To acquire CAR tokens, users can engage in the following activities:
- Yield farming or mining: Users who provide liquidity support for the circulation of CARs can participate in the LP (liquidity pool) Staking program and receive a share of 1% CAR from each transaction across the network.
- Game Access: Users participating in Supercars games will earn CAR tokens. Behaviors like parking in Supercar's parking lot, participating in races, and joining Supercar clubs all contribute to the accumulation of CAR tokens, which are aligned with the token's value.
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