The Bitci Racing Token (BRACE) is not just another cryptocurrency; it represents a groundbreaking shift in the world of motorsports, bringing fans closer to the action than ever before. Designed to enhance community interaction, BRACE allows enthusiasts to voice their opinions in surveys, participate in exclusive events, and enjoy unique experiences. This token aims to foster a deeper connection between the Bitci Racing Team and its supporters, providing opportunities for fans to be actively involved in the team's journey. With features like a reward system and a deflationary mechanism, BRACE is set to redefine fan engagement in motorsports. Read on to discover how this innovative token is poised to transform the racing world.

What is the Bitci Racing Token?

The Bitci Racing Token (BRACE) is a cryptocurrency token that brings motorsports, a beloved global sport, onto the blockchain platform. The token is designed to facilitate transactions and represent assets within the motorsports ecosystem, enabling seamless trade and transfer among blockchain participants.

Purpose and Utility of BRACE

The primary purpose of BRACE is to provide a decentralized and transparent platform for motorsports enthusiasts, teams, and stakeholders. By leveraging blockchain technology, the token aims to address various challenges in the traditional motorsports industry, such as:

1. Fractionalized Ownership: BRACE allows fans and investors to own a fraction of a racing team or a specific racing car, making it more accessible for individuals to participate in the sport's financial aspects.
2. Transparency and Trust: The blockchain platform ensures that all transactions are recorded and verifiable, reducing the risk of fraud and increasing trust among participants.
3. Decentralization: By removing intermediaries, BRACE aims to create a more direct connection between fans, teams, and stakeholders, enabling faster and more cost-effective transactions.
4. Tokenized Rewards: BRACE can be used to reward fans for their engagement and participation in the motorsports ecosystem, such as voting for their favorite teams or participating in prediction markets.
5. Crowdfunding: BRACE can be used to raise capital for racing teams, events, or other motorsports-related projects, providing a new avenue for fundraising within the industry.

Unique Features and Benefits

One unique feature of the Bitci Racing Token is its use in experience-based games. Participants can log in to the game, integrate their wallet, and the winning participant or team will be rewarded with the Bitci Racing Token. The token also has a burn mechanism in games and missions, which decreases the number of tokens in circulation, supporting a deflationary situation. After the pre-sale period, all unsold Bitci Racing Tokens will be burned, and the proceeds from the volumes on all exchanges where BRACE is listed will be forwarded to support the Bitci Racing Token ecosystem.

In terms of governance, utility tokens like BRACE provide governing rights within a blockchain network or application, allowing every investor a voice through a weighted vote. This is a significant benefit, as it gives investors a more direct role in the project's development and decision-making process.

Compared to other tokens, the Bitci Racing Token stands out due to its focus on the motorsports community and its unique use in experience-based games with a burn mechanism. This combination of community engagement, gaming, and token burning sets it apart from other tokens and provides a more engaging and interactive experience for users.

Tokenomics and Distribution Model

The Bitci Racing Token (BRACE) has a total token supply of 100,000,000,000 tokens. The circulating supply of BRACE tokens is 14,021,566,263. The tokenomics of BRACE includes various factors that influence its value, such as market capitalization, supply, inflation or deflation, and token distribution. The token is designed to serve as the primary currency within the Bitci Racing platform, allowing users to participate in various events, games, and betting activities. Token holders can also earn rewards, participate in governance decisions, and access exclusive features and benefits within the Bitci Racing ecosystem.

Inflation Control Mechanisms

Regarding inflation control mechanisms, the Bitci Racing Token incorporates a burn mechanism. Token burning involves removing a certain amount of tokens from circulation, which can help reduce the token supply and counteract supply growth, thereby potentially having a positive impact on the token's price. Additionally, staking rewards incentivize users to hold and stake their tokens, which can help reduce marketable supply and act as a deflationary force.

Distribution Model

The specific distribution model of BRACE tokens, including the percentage allocated to the team, investors, community, and other stakeholders, is not explicitly stated. However, it is mentioned that tokenomics are often outlined in a white paper, which explains the proposed cryptocurrency's distribution and underlying technology.

The Team Behind Bitci Racing Token

The Bitci Racing Token (BRACE) is developed by BitciTeknolojiAnonimŞirketi on Bitcichain. The team behind Bitci Racing Token is the professional team of Ağaçkakan Motor Sports Company (Ltd Şti), which has 32 years of experience and numerous achievements in the racing industry. The team includes İbrahim Okyay, a national athlete and 10-time champion of Turkey with a 32-year uninterrupted racing career, who serves as the team director. Murat Nalçakan is the manager, and ElifTanca is the coordinator of the team.

Track Record and Expertise

The team's qualifications and experience suggest that they have the necessary skills to execute their vision and deliver on their roadmap. Their success in the 2021 racing season, where they won 5 championships in various categories, demonstrates their ability to compete at a high level and deliver results. The team's focus on using blockchain technology to increase fan interaction and engagement is a unique approach that could differentiate them in the racing industry. Additionally, their partnership with BitciTeknolojiAnonimŞirketi, a company with expertise in developing crypto assets, further strengthens their ability to execute their vision.

Notable Partnerships

The Bitci Racing Token (BRACE) is part of a broader trend of blockchain solutions being adopted in sports, particularly in Formula 1, as a way to bring in new sources of revenue and engage fans in a recovering economy. The token is similar to fan tokens observed in other sports, such as soccer, where token owners can collect rewards, access promotions, play mobile games, and vote on club polls.

Market Data and Performance

Coin Statistics

• Current Price: $0.0000
• Market Cap: $0.00
• 24h Price Change: 11.61%
• 7d Price Change: 10.11%
• 30d Price Change: -16.58%
• 24h High: $0.0000
• 24h Low: $0.0000
• All-Time High: $0.0001 (2023-03-27T10:30:00.000Z)
• All-Time Low: $0.0000 (2024-03-05T17:07:00.000Z)
• Circulating Supply: 0.00
• Total Supply: