What Is CryptoCars?
The Crypto Cars Platform is a newly developed gaming website and cryptocurrency system that uses smart contracts to buy and sell high-end supercars in an online game. There is a market place for the cars as well where you can purchase the smart contracts to pick up the cars you want.
How CryptoCars Smart Contract Crypto Race Car Game Works
The cars on the website are rare of considered straight super cars. The contracts sell for about 0.46 Ethereum each. And you can then sell them for a profit. The cars available are; The Volkswagen Beetle Dune, the Toyota Gt86 SC R34 Racing Car, The Toyata C HR Grey, The Vanda Dandrobium, The Toyota FT 86 Open Circuit, Tesla Model X, The Volkswagen Golf VI GTI, , The Volkswagen Golf GTI Cabriolet, The Toyota FT 86 Open Concept Car and that it’s for now. Some of the contracts like the Racing Car and Vanda have contracts that cost about twice as much as the rest.
It’s the latest gaming site online. And on it, you can buy and sell your CryptoCars via Smart Contract as a one of a kind, valued collectable through the Ethereum blockchain. If you’ve ever dreamed of driving Lambos or Ferraris, then this is the game for you. And you can be the only person in the world who owns your supercar smart contract for your favorite rides.
The different cars are more than mentioned above, that’s just a small list of the available cars. There is also the Bugatti Veyron, Ferrari 250 GTO and even the Tesla Roadster, which is being called the fastest production car ever made. The moment you buy a smart contract, it’s listed immediately on the marketplace with a doubled price tag.
You may not own the car of long if someone else decides to buy it at the current price. If they do, you lose it right away and it’s again listed like the others. And while it’s a shame to lose your car, it’s important to note that you get double what you paid for it in ETH by the new buyer.
The company isn’t associated with any of the actual car manufacturers by the way. It’s a game just for one that is for the purpose of identification and novelty. The brands don’t endorse the game in any way.
The platform is operated on the Ethereum Blockchain and like their tokens, each supercar is linked directly to a smart contract on the Ethereum blockchain. And to buy a car with CryptoCar Smart Contract, is to use Ether to buy the supercar you want via the meta mask.
If someone else wants to buy it after you, they have to pay double what they normally would. To get started, just register at the cryptocars.cc website and download the MetaMask Smart Wallet Google Extension of plugin made for FireFox.
At this time, there is no token price or ICO that is being prepared for the company. There are only about 151 players online at the time of this writing. And there is no telling if they will ever release an ICO for the company. Maybe we’ll see one in the future, but at this time it’s not for certain.
Who Is Behind CryptoCars?
No information has been disclosed as to who is running the operation. While this is a bad sign typically when a company is in ICO, that is not that case right now. The purpose of this is to play games more than anything. Although, people can still make money from other people buying the cars at a hefty profit. Right now, that means as of right now, a person who buys a car for one Ethereum can get two if someone buys the car after them.
Every time a smart contract linked to a car is sold, the price doubles for the next person looking to buy it. And that means the smart contract increases in value every time. That means as soon as you buy a car, someone can buy it from you immediately. And anyone who is willing to buy it at the asking price can take it away with no questions asked.
So, if you buy a Lambo for 0.01 ETH, then the next person can buy it for just 0.02 ETH. And after that, the smart contract increases twice again. And this continues on and one every time the smart contract is sold.