Photo Finish Live — A Web3 Game

A web3 virtual horse racing game with NFTs and wagering

• what it is
• horses
• races
• $DERBY
• $CROWN
• PFPs
• Breeding
• Future potential

Let’s dive deep and explore what this game/platform is all about

what it is;

• a web3 gaming platform where you can buy, sell, breed and race horses with different stats across different styles of racing
• can bet on races and on individual horses
• quite vibrant and complex ecosystem
• huge backers like @coinbase and @KentuckyDerby and more

horses;

— the main part of the gameplay

— you can race horses, breed horses and sell horses

— they come with different preferences, grades and their bloodline plays a vital role in their performance just like IRL

— you can also bet on races and horses that aren’t yours

• few differnet ways to play the horse game
• get a good horse and win prizes
• get female horses, breed and sell horses
• wager on horses to win bets without owning any
• get a low grade horse and farm $CROWN by participating in races (more on that later)

races;

• different kind of races, all catered to a specific need
• each race has a prize for the top 4 and some crown are given as an incentive to participate
• most races are +EV meaning you get back more than you pay for entry fees
• Graded Stakes (I, II, III) — These are the high stakes races. They cost more to enter and the purses are big. If you don’t have an S or S- grade horse, you probably want to stay away from these. If you’re a baller ready for the big time with your high grade horse, get ready for some heart pounding fun!
• Grade Restricted — These races only allow certain grade horses in and are extremely important for most racers. It’s a great place for B and A horses to run without being beaten up by the big dogs. Click on the “Reqs” button to see the specific grades allowed for each race as you can accidentally have your B horse join a grade restricted race that allows all the way up to S- horses to enter if you’re not careful.
• Maiden — Your horse can race in these until it gets its first win. Be careful as unless the race is Grade Restricted, your B or A horse may run against an S horse that has never won.
• Handicap — Stronger horses with high preferences tend to do well in these races. Horses will have weight added to them to even the field a bit. As an example, this often allows A horses to be competitive with S horses.
• Allowance — Races with specific registration criteria such as “Must have less than X wins” as well as criteria that cause your horse to carry extra weight and thus slow it down to even the field. All horse grades can do well here. Click on “reqs” to see them.
  Stakes — Think of stakes as the tier before graded stakes. You’ll see all sorts of grades of horses here trying to determine if they’re good enough for the big time. Look for stakes races for your grade.
• Claimers — These are races where people may “claim” your horse if they like it by paying a race-specific price. At present, claiming race tiers are 5000 to 100,000 DERBY so pay careful attention to the amounts. Lower tier horses will shine in these as no S horse would run in a $300 claimer so it should even the fields a lot. But be careful! Your prized horse could be claimed. So only race here if you’re ok with your horse being sold at the claiming price!
• Juvenile — There are races of each type for juveniles or two year olds as they don’t race with any other age group.

$DERBY;

— it is the in game stable currency

— it is always 1$ = 80 $DERBY

— this part is pretty simple, you deposit USDC and you get credited $DERBY at 1:80 ratio

— divide all prices by 80 to get the true USD value of the prices

now onto $CROWN, the juicy part

$CROWN;

— native currency of the protocol

— you can stake $CROWN on different tracks and have a partial ownership of that track

— people pay fees to enter the race and 20% of the fees are distributed to the stakers in the form of $DERBY which is pretty much USD

• more horses = more races = more entry fees = higher revenue generated for $CROWN stakers
• currently about 10% of the total supply is in circulation, so there will be emission in the future but where does it come from?

Let’s break down the future emission

• PFP will earn 50% of the future emission (more on that later)
• 22% ecosystem is the $CROWN that is used to incentivize players to participate in the races
• most of the supply is given to the community and can be staked to earn $DERBY in game

now PFPs

PFPs;

• gen 0 NFT collection that bred gen1 horses which can race
• earn $CROWN passively andcan be staked at the end of Aug on site
• emission is over 2 years
• look up by USD/CROWN filter and top deal is offering 0.15$ per $CROWN while the price is 0.30$ , a decent discount

• PFPs is a passive way to accumulate $CROWN at discounted rate
• emission slow &steady, if you want a long term hodl, the cheapest and the best way to get $CROWN exposure
• earned $CROWN can be staked for $DERBY
• easy 1B $ MC project, currently at 70M breeding

Breeding;

— a fun spin to the game where female horses can mate with a stud and give birth to a horse per season, seasons are 4 weeks long

— you can either sell the new horse, or keep it to race

— if you get a female horse, Voilà now you can breed her later to grow your stables

• when breeding, female horse owners pay the stud a fee to breed
• female side keeps the baby, male side keeps the money
• pay attention to Grades, Preferences, and the bloodline to find the perfect match
• this is where you either breed a runner or a donkey
• just like in real life there is a lot of different factors that plays a role when breeding
• there is no one set of optimal rules that you can follow — there is a bit of RNG involved when breeding
• Bloodline, preference, Career success and many other roles

Future potential;

• Backed by Coinbase
• Backed by Kentucky Derby 2017
• The team has developed 3 games on Appstore and Playstore with a total of 15m downloads in horse racing niche
• Horse racing market is huge and its integration to web3 is a huge move

• the game is complex and engaging which shows the team knows what they are doing
• it has 70M FDV and 8m circulating MC
• positive flywheel effect with each component of the game
• more races = more entry fee = higher $CROWN staking rewards

• more seasons = more horses = more races = higher revenue generated for $CROWN stakers
• more users = more horses needed and as horses start dying of old age, the supply and demand will be balanced
• overall the game is very well thought and each section plays an important role

recap;

Huge backers

Great tokenomics

Fun game play

Amazing community

Awesome reward system for players

First mover advantage in very popular niche

It has potential to pull an $RLB move

Currently on $SOL a dead chain but what if they move to $ETH?

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