GTC aspires to be a DAO with near-real-world dynamics. According to the project's team. The game strives to incentivize both law-abiding and law-neglecting behavior. 

When users abide by the law, they earn passive income, get advanced property insurance and liability insurance, profit from seized assets, and get a limited P2P gameplay. On the other hand, when they neglect the law, they earn from short-term income influx, get little property and liability insurance and obtain entrance to the black market. 

Land Ownership Encrypta

Landowners in the GTC-Verse can freely develop and create their households (within certain restrictions that are subject to change). Landowners can be punished or rewarded in the form of lost or gained revenue, based on an advanced behavior punishment mechanism implemented later in the game to protect asset loss.

Users can only mint land parcels in an ERC721 token / NFT form utilizing Ethereum in stage 1 and the native token in stage 3. The token is absolute proof of ownership and thus irreplicable. However, this should not be confused with untransferable. Peer-to-peer platforms will allow public landowners to transfer and sell their landholdings. 

During the first stage, half of the Ethereum received is used to buy back and destroy a portion of the supply. It is a critical component of their return strategy for investors, as it will cause long-term price inflation.

Furthermore, 20% of the Ethereum gathered with each packet minted will be set aside. The project then utilizes funds to purchase the Decentraland property in Genesis City, where the GTC White House is located.

The GTC Tokenomics

The main in-game currency used to fight your way to financial freedom is the $GTC token. Citizens will be able to use the currency to access countless services. The total supply equals to 15 million. Of this, 20% goes to the initial circulation supply. The all public launch will use up to 10% of this total supply. Meanwhile, the presale will take 1.5 million GTC, 10% of all the tokens. Notably, the presale will take place on the 8th of February in 2022.

GTC will introduce in-game saving systems already known from traditional banking. Users who register a bank account and keep GTC tokens can pool the tokens into an enhanced staking pool. As a result, GTC locks the tokens for a set time. Users receive incentives to do so, with an APY up to 20% more than the non-boosted counter variety. Citizens with a debit bank account will also earn a 2% spend bonus in-game, helping to stimulate the economy.

There is also secure value storage resulting from investing and reinvesting in the overall crypto market. Furthermore, GTC intends to allocate 25% of the funds to a USDC liquidity pool to profit from large market movements. It creates a long-term, low-risk revenue stream from which all investors can benefit.

About Grand Theft Crypto

By incorporating DAO, GTC aspires to be more than just a P2E game or a crypto metaverse. As a result, it offers a realistic economic trade-off. Grand Theft Crypto intends to create a Grand Theft Auto style video game based on ETHfor Mobile, Computer, and Gaming Consoles.. By doing your part to ensure the community flourishes, you can help us battle the ruggers, fudders, whales, and bots!

Social Media Links

You can read more about Grand Theft Crypto on their:

Website: https://grandtheftcrypto.org/

Telegram: https://t.me/gtcverse

Discord: https://discord.gg/ZqtMTttfJK

Whitepaper: https://grandtheftcrypto.org/docs/whitepaper.pdf 

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The first two rounds of racing in the F1 Esports Series Challengers are in the history books, with our three groups of talented turning laps in anger for the first time.

Held across January-March, this six event, 12 race series will separate the great from the sublime, and offer us 18 incredible drivers to bring to the Pro Exhibition later this year. Here’s what went down in the first event!

XBOX ACTION

First up in the week’s trio of Challengers streams came the Xbox qualifiers. This group represented the fastest participants of the in-game events in October and November 2021, and the group of 16 assembled at Shanghai International Circuit, China.

Tom Manley put it on pole in the first race, but it was the pair behind him that caught the eye. A scintillating first-lap fight between Zak Oates and Ryan Jacobs for second pace saw half a lap of wheel-to-wheel racing. Oates ended up leading the race after the pit stop phase, but a penalty incurred during his pit stop dropped him well down the order, and out of the points. Manley led them home, with Jacobs second, and Sam McLean in third.

Lewis Groombridge took pole for the second race in Bahrain, but wasn’t able to capitalise, and instead it was Manley – who qualified a lowly P11 – who took the secondd win, using a brilliant alternate strategy to carve his way through the pack, making his move on the very last lap with superior grip. Jed Norgrove grabbed second after missing out in the first race, with Zak Oates third, after similarly missing out in China. With a near-perfect start, Manley sits on top of the standings with 50 points, ahead of McLean on 27, with Norgrove and Jacobs joined in fourth with 18 points.

PLAYSTATION RACES

Wednesday heralded the turn of the PS4 and PS5 racers, and Matthew Alder was the man in form in the first race in China. The 16-year-old put it on pole in Shanghai, and only lost the lead during the pits stop phase. Georges Nader and Duncan Hofland kept the pressure on behind in a major way, but they finished in that order to take the first podium of PlayStation Challengers 2022.

The second race in Bahrain provided heaps of entertainment from the off, with Dutchman Joost Nordijk taking pole position. He went largely unchallenged in the early stages, but there was plenty of action elsewhere. Lap 7 saw China race-winner Alder attack Marcel Altstadt, but they pair collided at Turn 1; the latter spinning, and the former falling out of the points late on.

With just a few laps to go, the race reached boiling point, as Noordijk, Mirko Suriano and Nader went three-wide into Turn 1. Though the circuit is wide, it wasn’t wide enough for all of them, and Nader spun after contact between the trio, dropping back and eventually retiring. Suriano defended from Noordijk, but it was no use, and the polesitter was back in front, taking the lead on the final lap. Copying his China form, Duncan Hofland completed the podium in third.

The results put Suriano and Hofland join on top of the standings with 30 points apiece, ahead of race winners Noordijk (28) and Alder (25).

PC DRAMA

As with the other two platforms, China was the first event, with plenty of familiar names among the grid. Tomek Poradzisz was the man to beat in qualifying, taking pole in Shanghai. He didn’t waste time in the racing, crushing the opposition with a winning margin of more than seven seconds – a lightyear in F1 Esports terms! Ulas Ozyildirim and Szelle Kristof completed the podium.

As night fell in Bahrain, John Evans was the man on pole, and he put up a hell of a fight, leading most of the race under the floodlights. As with many other races, Samuel Bean left it late to strike, and blasted past for the lead on the final lap, with a daring pass late on the brakes at Turn 1. Wilson Hughes completed the podium, with former F1 Esports Pro Series racer Floris Wijers close behind in fourth.

With that dominant win in the first race, Poradzisz leads the championship on 33 points, ahead of Bean in second on 27, and Ozyildirim third with 24.

The next Challengers streams will be coming your way in a matter of days, with Xbox, PlayStation and PC all back in action on February 1-3. See you there!

The post F1 Esports Series Challengers 2022: Event 1 Round-up! appeared first on F1Esports News.

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