Buckle in, play-to-earn racing game Riot Racers has announced an ambitious feature allowing asset rentals and breeding inside their network. Asset holders will have the option of renting their assets to other players inside the racing school to gain passive income in RIOT tokens. In addition, holders will also have the ability to breed\spawn new cars and drivers in an effort to combat market demand as the popularity of Riot Racer grows.
Designed to be an easily accessible, P2E competitive racer, Riot has amassed quite a following with its business model of player-friendly Web3 experiences. New members can use Riot Racers’ simple website interface to create an in-game wallet for effortless transactions inside the game. New users can then convert ETH for the RIOT token to begin their triumph through the leaderboards.
Holders can choose which of their assets are available for players to rent for use inside the racing school. In addition, holders can charge a percentage of the rewards gained from using their support. Participating players inside the School will earn RIOT tokens, which are distributed among the owner and renter. However, the owner of the rented assets can reobtain possession at any time if the holder chooses to. Additionally, each piece can be rented out to specific buyers to enhance the growth of in-game guilds and teams.
To improve in-game dynamics, the team at Riot Racers created a special solution to meet market demand. Riot Racers plans to allow users to spawn new cars & drivers while providing no devaluation in current assets. At the same time, new assets created by the holder has the option to sell on the secondary markets or used to compete in races. Each spawning of a newly bred asset will cost the holder a RIOT and ETH fee.
“In designing this new system we are paying special attention to maintain, and not devalue, the existing asset collections. We have specific plans to handle common breeding problems like oversupply.”-Riot Racers Team