# What is RaceFi ($RACEFI)?

RaceFi is the first AI/ML integrated car racing game on the Solana ecosystem. Within RaceFi’s metaverse, players can earn while enjoying various game modes to satisfy the thirst for speed or make a profit by owning in-game property. Pure race or Battle race, PvP or PvE, racers or gamblers, the possibilities are endless.

Pure Race includes two game modes: PvP and PvE. In PvE mode the players will directly drive and control the car, whereas in PvP mode the players will customize their strategic statistics and then the AI system will analyze the result of the race.

In terms of Battle Race, the players must upgrade their cars with battle features such as guns and shields. There will be no time limit or no finish line, the players will continue to race and attack each other until there is only one survivor left, and that car will become the winner of the battle race.

“I have always desired a DAO platform to empower gamers and accolade them based on their value-added to game economy. From idea to product development, the RaceFi team has come a long way in designing a metaverse with limitless earning opportunities that can accommodate various types of users. Many features are updating, yet one thing is permanent: users’ benefit is our raison d’être. Embrace yourself and choose who you want to be in RaceFi metaverse! We’re going on an extraordinary ride.” — John Lee, CEO of RaceFi.

# RaceFi Unique Selling Points

* First car racing game on Solana
* AI/ML integration
* Multiple game modes & Unlimited ways to earn
* Betting system
* Advertising solution

# What is the Tokenomics of RaceFi ($RACEFI) Tokens?

Token Name: **RaceFi**
Token Symbol: **$RACEFI**
Only *200,000,000* $RACEFI tokens will be minted.

$RACEFI is the native governance token, which is run on Solana. Token Utility:
* NFT trading transaction
* Staking reward
* Governance and Participation
* Event participation
* Airdrop campaigns

# Who is backing RaceFi?

Advisory board includes Eric Su – CEO of ExNetwork Capital, Kevin Abdulrahman – Strategic Advisor, Kyle Nguyen – CEO of VBC Ventures and Steven Lee – CEO of PolRare.

“RaceFi has great potential as this project holds first-mover advantage: the first car racing game on Solana platform. Expect the unexpected with this team, they have the capacity to revolutionize the NFT racing industry with unique AI/ML applications and many other exciting features such as betting and advertising. Eagerly to witness RaceFi’s prosperity in the future and I’m glad to accompany them from the beginning.” Eric Su, CEO of ExNetwork Capital — Advisor of RaceFi.

RaceFi has closed their seed and private round funding with a striking amount of $2.8 million led by ExNetwork Capital, Genblock Capital, Solar Eco Fund, Shima Capital, Basics Capital and several other reputable venture capitalists.

# Where to participate in RaceFi IDO?

RaceFi will be launching dual IDOs in coming weeks, including one on [Solrazr](https://solrazr.com/) that open its whitelist on November 23. Find the full detail in: https://solrazr.com/projects/racefi. The second IDO will be held on [EnjinStarter](https://enjinstarter.com/), with more details to be announced soon.