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Derace describes itself as a "complete NFT horse racing ecosystem" that wants to set a new standard for the betting and gaming industries. Derace provides an opportunity to buy and breed NFT horses with unique characteristics, bet on real-time NFT horse races, and build your own NFT hippodrome to host races in and rake in profit.

The project launched its IDO on the 26th of July on DAO Maker. It plans to complete the site's technical aspects in Q3 2021 and launch NFTs of the horses in Q4 2021. That is also when the platform will be published in BETA.

The full platform is scheduled to launch in the first half of 2022, with betting on the virtual horses to kick off in the second half of the year.

The eight-people strong core team of Derace is entirely from Lithuania. Adomas Juodišius is the project's CEO. Before that, he was the founder and CEO of Media Bubbles, a Vilnius-based marketing agency that provided e-commerce stores and other web-based platforms with a digital presence, web architecture and security solutions, and digital marketing. At Derace, he continues his cooperation with Adelaida (last name unknown), the co-founder of Media Bubbles and now the CMO at Derace.

The team also boasts two advisors, including Hassan Sheikh, the co-founder of DAO maker, and angel investor Michael Kam, co-founder of the Asia-based blockchain VC fund Double Peak.

Derace aims to tackle and disrupt three multi-billion-dollar sectors simultaneously: video gaming, horse racing and gambling. The project sees a massive opportunity in the lack of video games with gambling features. At the same time, horse racing suffers from corruption scandals and a lack of digitalization vis-a-vis other sports. Furthermore, people have lost trust and interest in centralized gambling solutions due to slow transaction settlements.

Derace proposes a personalized gaming experience that is 100% fair and transparent. Players aren't restricted to being spectators but instead take quite literally ownership of the process by purchasing unique NFT horses. This results in a personalized gaming and gambling experience free from regulators and bookmakers banning players, while also offering cheaper and faster transactions.

Furthermore, players have a chance to become a bookmaker with Derace. The community gets to control the stakes in hippodromes – the horse racing tracks. Bookmakers make profit from the fees and bets made by other players before the race.

Derace also plans to launch the world’s first cash flow generating ETFs for NFTs in late 2022 to 2023. The ETFs will contain an underlying basket of horses or hippodromes, which will be used in races to generate cash flow.

With Derace, players get to combine the best of both worlds from gaming and gambling, namely excitement and a chance to profit.

Check out Axie Infinity (AXS) – a pet-oriented trading game incorporating NFTs.

Check out AnRKey X (ANRX) – another highly popular NFT game.

Learn how NFTs work in our guide to Non-Fungible Tokens.

What are ERC-20 Tokens? Find out more here.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

Derace (DERC) has a total supply of 120M tokens. 28% of that, or 33.6M tokens, have been sold in the private round before the public IDO. At a valuation of $0.05 per token, Derace raised $1.68M from investors such as DAO Maker, Animoca Brands, LD Capital and more. 20% of that is unlocked immediately, with the remaining 80% becoming available in equal parts the following four quarters.

6%, or 7.2M tokens of the entire supply, has been reserved for the IDO in July 2021, following the same vesting schedule as the private round did.

15% (18M tokens) has been reserved for marketing purposes. 10% of that liquidity is available immediately and 5% follow each month.

25% (30M tokens) are reserved for liquidity incentives, of which 20% are available at launch and 5% becoming available each month.

10% (12M tokens) are reserved for the team. The funds are locked for the first year and become available at 20% intervals every three months.

Advisors receive 5% (6M tokens) and 11% are reserved for development (13.2M tokens). Both follow a complex two-year vesting schedule with no liquidity immediately available.

DERC is an ERC-20 token, meaning it is based on the Ethereum blockchain.

Ethereum works with a proof-of-work consensus mechanism and is secured by a massive decentralized network of miners. The roughly 11,000 Ethereum nodes protect the Ethereum blockchain against attacks.

Ethereum is the most popular blockchain for new tokens to launch on, thanks to its standardized tokens, the vibrant developer community, and the blockchain's robustness. In particular, NFT projects like Derace often launch on Ethereum since it offers visibility and the biggest possible exposure to new investors.

Derace raised $1.7M in an oversubscribed private round. Its IDO, dubbed SHO (strong holders offering) by Derace, commenced on July 26th 2021. It is available on DAO maker.

With an initial launch price of $0.05, hitting $1 would require (DERC) to do a 20X. This is surely a tough task but not unimaginable. Axie Infinity (AXS) recently set an all-time high after launching at around $0.15, indicating the market is hungry for promising NFT gaming solutions.

The Derace IDO launched on July 26th on DAO maker. So far, this is the only exchange the token is launched on, but it will surely be followed by many more soon. Derace also announced a 200,000 $DERC airdrop on CoinMarketCap to gain exposure and build a critical mass of followers.

If you are interested in buying $DERC, you can read more here about how to start buying this token and other cryptocurrencies.

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To learn more about this project, check out our deep dive of Ethereum Eagle.

Ethereum Eagle (EGL) aims to overcome the lack of transparency and incentive mismatch between the Ethereum community and miners. The project is community-led, and operates to maximize value for all stakeholders in the process.

Users of the Ethereum blockchain are not satisfied with the increased transaction fees. Miners define gas limits and block sizes (for protocol), and blockchain users have no vote. This situation is a problem and Ethereum Eagle aims to provide a solution. This is where the EGL token enters the scene with the aim of smoothing the corners of this issue and offering the coordination token. The idea is that holders use the token to vote on the Ethereum gas cap, thus the entire ETH ecosystem can vote on the gas cap. There is a stimulation of mining pools, and EGL encourages miners to adhere to a single and joint solution.

The official launch announcement took place in June 2021, and the IEO (Initial Exchange Offering) event ran from July 28, 2021 to Aug. 11, 2021.

Ethereum Eagle (EGL) is built by the bloXroute team which creates the crucial blockchain network infrastructure to scale Web 3.0. They are audited by HALBORN – a cybersecurity provider for blockchain companies. As for the bloXroute company, it was founded in 2017 by Prof. Aleksandar Kuzmanovic (Chief Architect), Dr. Uri Klarman (CEO), and Eyal Markovich (COO).

BloXroute is a blockchain distribution network whose mission is to provide assistance in scaling blockchains to thousands of transactions per second. The platform is backed by a global network of servers that are optimized for network performance using compression, encryption and advanced technologies. Through its functionality, the bloXroute platform quickly disseminates transactions and blocks, which allows customers to make data distribution more efficient, and this factor increases the throughput of transactions.

Ethereum Eagle in every possible way creates an economic incentive for the community to research, vote and determine the most "cost-effective" gas limit. It also rewards mining pools. EGL is a community initiative that serves as a bridge of the incentive gap between Ethereum miners and Ethereum users.

How EGL works: each week EGL holders vote on a desired gas limit. Then, this limit is set (also once a week), and miners earn EGL by mining the block following the vote of the EGL holder.

On Aug. 7, 2021, EGL Genesis started and took about a week on CoinList. During that period, it was possible to earn ETH in the EGL Genesis contract; token holders and the entire ETH community could vote for gas limits – and as a result earn EGL tokens. If miners meet the EGL and ETH community gas limits, they earn EGL tokens in addition to the regular rewards. In this way, the EGL plays the role of both a coordination mechanism and a reward. According to Ethereum Eagle, the company plans to offer similar benefits in the future.

The EGL token was created to solve all coordination problems in Ethereum. ETH holders can participate in EGL Genesis events by staking ETH and receiving additional rewards in the form of EGL tokens.

The EGL token goes to the main developers in order to take part in the vote, influence the result of the vote, and to communicate their opinion to the participants.

When the gas limit is adjusted in accordance with the ecosystem's requests, mining pools are rewarded.

EGL was created to quickly deploy the ETH-EGL Balancer pool, resulting in value for EGL. Furthermore, when the gas limit is optimized to the maximum safe value, value is created for the entire ecosystem.

Read about Ethereum (ETH) and Balancer (BAL).

Take a tech deep dive into Ethereum 2.0 with CMC Alexandria.

What is an IEO (Initial Exchange Offering)? Go to our educational portal and find out.

What is a gas limit? Learn more here.

What is the Genesis Block? The answer is here.

Web 3.0 is coming, but what is it? Let's cover some basics.

Ethereum Eagle (EGL) is an ERC-20 token on Ethereum. In addition, EGL is a coordination token – it can be used to vote on the desired gas limit for Ethereum blocks. The token encourages mining pools when all participants in the process follow a joint decision and miners listen to the community and users. In this way, EGL creates an economic incentive for the entire community. Ethereum Eagle issued 4,000,000,000 $EGL, and the platform itself accepts ETH, BTC, USDC and USDT in exchange for EGL tokens.

The distribution of the total supply is as follows: community gets 2B $EGL (DAO – 250M, voting rewards – 500M, Genesis – 1.25B); pools/miners allocated 1.25B $EGL; the team (EGL creators) receive 750M $EGL.

The main role in the creation and development of Ethereum Eagle was executed by a professional team – bloXroute. Over the five years of its existence, the company has earned a solid reputation in the crypto market, gaining support of leading funds, including Coinbase Ventures, 1confirmation, Pantera and MetaStable.

Halborn is responsible for the substantial audit of EGL smart contracts. Halborn focuses on cybersecurity for blockchain organizations every step of the way, acting as a third-party partner assessing critical assets, providing automation and ensuring security advice.

On the other hand, EGL chose the Balancer protocol, one of the leading DeFi protocols, as its liquidity pool. It has completed an audit with Consensys Diligence, Trail of Bits and Open Zeppelin. Balancer has existed since March 2020 and has already demonstrated stability and high performance.

As of August 2021, Balancer(v2) and 1inch Exchange are the only exchange options where you can buy, sell and trade EGL tokens ​​legitimately and safely. To learn how to exchange fiat currency for EGL, check our step-by-step guide on how to go about that.

Stay up-to-date with the CoinMarketCap calendar and don’t forget to visit the CMC blog for more tips, tech dives, market musings, guides and crypto basics.

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Lion Token is an experiment in decentralized spontaneous community building based on the Huobi Eco Chain, Binance Smart Chain, and GateChain. The total amount of LION Token is 20 billion and it automatically destroys one-thousandth of each transaction done for deflation. 5 Billion tokens have been sent to the LION/HT liquidity pool on the Huobi Eco Chain Heco for global users to exchange fairly and justly from 0. 5 billion tokens have been locked on the Binance Smart Chain BSC, among them, 100 million will be released in the LION/BNB liquidity pool for global users to redeem from 0 at a unified time, 4.9 billion will enter the mining pool to be released for global users to mine; the other 10 billion tokens will be released on the GateChain and on the main chain that is recognised by the community in the future. reference

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PlotX is a non-custodial prediction market protocol that enables users to earn unlimited rewards on high-yield prediction markets.

Dubbed as the Uniswap of Prediction Markets, PlotX uses an Automated Market Making algorithm to create, settle markets and distribute rewards on the Ethereum Blockchain without any counter-party risk. Markets are focused on crypto-pairs like BTC, ETH, YFI etc and are automatically created in intervals of 1 hour, 1 day and 1 week.

PlotX also uses on-chain governance powered by GovBlocks

BaconDAO is a community driven crypto and NFT launchpad. $BACON token holders have access to the membership content such as daily IDO alerts, and Bitcoin analysis.

BaconDAO is also building the first NFT launchpad with NFT Tickets representing vested private sale tokens. Each NFT ticket has tokens locked in according to the private sale ticket's vesting schedule. The locked tokens can only be claimed by the NFT owner’s address.This allows users to transfer and trade Private Sale Ticket NFTs.

This crenates an opportunity for investors to acquire exit liquidity before the full vesting period is complete for their investments. There is already a booming secondary market for trading vested token investments, this NFT solution provides a universal standard to satisfy this market demand.

BaconDAO launched its token in Q2 of 2021. There is a fixed total supply of 200,000,000 (200 Million). No more BACON tokens can be created.

BaconDAO is led by the Crypto education and developer Dennis Liu, also known as VirtualBacon. The core team currently consists of 5 other members covering development, design, operation, marketing, and community.

BaconDAO also includes 20 community contributors and moderators who have demonstrated knowledge and experience within the community since it was founded in 2019.

This community grew to over 20k members organically, and became to known as BaconDAO.

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Hashgard (GARD) is a cryptocurrency and operates on the Ethereum platform. Hashgard has a current supply of 10,000,000,000. The last known price of Hashgard is 0.00010852 USD and is up 0.63 over the last 24 hours. It is currently trading on 7 active market(s) with $60,911.93 traded over the last 24 hours. More information can be found at https://www.hashgard.com/. reference

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Birdchain describes itself as an 'all-in-one' app where users discover and participate in the sharing economy era using blockchain technology, users are rewarded for interacting with content, and are able to exchange their unused SMS with businesses or hold/exchange earned BIRD. reference

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DACSEE (DACS) is a cryptocurrency and operates on the Ethereum platform. DACSEE has a current supply of 3,000,000,000 with 754,968,384.34954 in circulation. The last known price of DACSEE is 0.00046598 USD and is down -0.70 over the last 24 hours. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://dacsee.io/#/. reference

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Alphacat (ACAT) is a cryptocurrency and operates on the Neo platform. Alphacat has a current supply of 6,250,000,000 with 2,790,428,084 in circulation. The last known price of Alphacat is 0.00011213 USD and is down -11.15 over the last 24 hours. It is currently trading on 5 active market(s) with $79,865.43 traded over the last 24 hours. More information can be found at https://www.alphacat.io/. reference

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RMPL is a decentralized cryptocurrency with an elastic supply model. RMPL reaches a supply-price equilibrium with its randomized rebasing. As a result, the volatility is in the token supply, not the price. A holder’s ownership of the network always remains the same, as wallet balances are globally altered in proportion to changes in demand. reference

INFO: Full form for NEST is NEST Protocol in Cryptocurrency category
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Launched on 29 March 2018 by a team from 14 Countries, SWAT is a (POW) proof of work Crypto Coin based on the ERC20 standard. It can be mined only with Pocket Miner (TM) made and sold by the SWAT Coin project and by the SWATMINER APK. The project is based on lean mining technology using the SWATMINER APK, an android app that consumes negligible computational resources. reference

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What is TruePNL?

TruePNL develops high-end, yet not overloaded financial products aimed to deliver transparency and convenience in terms of investing & trading crypto. TruePNL Launchpad, as the main product of TruePNL, is designed as a fair and secure investment application, providing a bridge between the outstanding projects, looking for a flexible and robust launching platform, and investors, seeking opportunities to become a part of the up-and-coming projects by participating in the clear and reliable token sale process.

TruePNL focuses on launching play-to-earn gaming projects, NFT-driven platforms, DeFi protocols and ecosystems.

$PNL is a native token of the TruePNL Ecosystem, used as a means of payment to enter the token sale campaigns hosted by the TruePNL Launchpad.

PNLg points – an off-chain tool used for entering the sales pools. Users can earn and collect PNLg points by:

Ruslan Abdullin – CEO of TruePNL – is a serial entrepreneur with 6 years of experience in establishing and heading up blockchain, marketing, and e-commerce businesses. Driving TruePNL’s mission and evolving the products of the Ecosystem, Ruslan is the major visionary of the company.

Viacheslav Tiurdenev – COO, team lead, and the tech commander of TruePNL, with 4 years of management of IT and blockchain development of TradFi and DeFi projects. Both TruePNL founders are experienced professionals with a strong background in blockchain and successful exit from their previous project.

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Graviocoin (GIO) is a cryptocurrency . Users are able to generate GIO through the process of mining. Graviocoin has a current supply of 293,438,521.758814 with 72,128,520.753814 in circulation. The last known price of Graviocoin is 0.02292039 USD and is up 4.81 over the last 24 hours. It is currently trading on 13 active market(s) with $171.92 traded over the last 24 hours. More information can be found at https://www.gravio.net/. reference

Utrust (UTK) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.

The main goal of the platform is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.

The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.

Utrust aims to create a more reliable payments platform by combining the best features of blockchain and traditional fiat systems.

Nuno Correia is a co-founder of Utrust and a chairman of its board of directors. Correia has worked in the cryptocurrency industry since 2011, having founded various B2C businesses. He has a background in marketing and law.

Roberto Machado is a co-founder, board member and CPO of Utrust. Prior to Utrust, Machado has worked with international companies, such as Uphold, AT&T, and Airtel.

Filipe Castro is a co-founder, board member and CCO of Utrust. Castro has a computer science degree from the University of Porto. Before Utrust, he was involved in developing software-related solutions.

One of the most severe problems of cryptocurrency is price volatility. Utrust aims to protect both buyers and sellers from its effects by shielding the sellers against market volatility and providing the buyers with a refund option.

Until a purchased product is received by the buyer, Utrust secures the transaction, acting as a mediator and ensuring the success of the transaction.

Cryptocurrency users tend to make use of more than one wallet and exchange for managing their crypto assets. Utrust aims to reduce this complexity by introducing its own native wallet that allows users to make fast and secure transactions. This mobile wallet supports both on- and off-chain payments. Furthermore, it allows users to convert cryptocurrencies to fiat to help offset price volatility.

Out of the maximum supply of 500 million UTK, 450 million coins are in circulation as of February 2021. The remaining 50 million coins have been locked until 2022 in order to reduce the impacts of inflation and price growth.

About 2.35% of the circulating supply, or 10,591,181 UTK, is available on order books for purchase.

UTK is based on the Ethereum blockchain. Therefore, to store and receive UTK, a user needs to have an ETH address.

Read more about Monero.

Find out more about Neo.

Learn more about proof-of-stake.

Have a look at the CoinMarketCap blog.

Utrust is an ERC20-based token and is thus secured by the underlying network of the Ethereum blockchain.

Utrust is also in partnership with Pundi X, which makes use of the XPOS technology to enhance customer security.

UTK token is supported by many major crypto exchanges, such as:

Click here to learn how to buy Bitcoin with CoinMarketCap’s own guide.

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ROPE, a full-scale decentralized ecosystem that brings the well known "market volatility index" to the crypto market. The ecosystem comprises of ROPE and ROPEV tokens. ROPE is built on the Solana platform. The platform will include a decentralized- finance-based (De-Fi) volatility token, as well as help spread awareness, and increase the use cases of the Solana network. ROPEV is a De-Fi-based volatility token providing a greed/fear index for the De-Fi market. The ROPEV index is proportional to the amount of liquidity in major liquidity pools (LPs). As tokens and LPs change over time, a mechanism is required to be able to change the ROPEV index LPs. The ROPE token is a governance token used to vote and govern the ROPEV index. By registering a volatility index, ROPEV, from different De-Fi markets, we break down the market's assumption for future volatility. A technique is to use liquidity pools as a measure of market sentiment. ROPEV is the only full-scale decentralized move to bring this complex and well known "market fear index" to the crypto market.

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