Q&A: Protocol-Powered Prediction Competitions
What do we need to provide to get started?
Just fill out the form which will include details about your token, your project, your socials, community size, names of contacts/admins etc. You can also decide if you want your logo on the jockeys shirt or your own mascot
Are there any documents or contracts to sign?
No, once you agree to put your project in the race (one of 8 projects per group), we will take care of the rest. We will review data each month to gauge player participation (total players, volume etc.) and each group of eight can vote to retain or remove the lowest performer
Is there any upfront cost or commitment required?
No, we will provide you with a suite of marketing collaterals so that your community mods can explain the initiative and how your community can join in
How do we get paid and how often and how is revenue tracked and reported to us?
The platform fee is collected automatically through our smart contract whenever a transaction happens. Your share of the fee accumulates on-chain in real time, and you can claim your earnings at any time. Everything is transparent, secure, and verifiable on the blockchain
What is the timeline from application to launch?
For the beta phase, the first 8 projects will be hand picked, we anticipate approximately 2-4 weeks to launch the first group races, after this there will be a monthly review where all the participating projects can vote on keeping/replacing the projects with the lowest metrics
How do we know this is a legitimate opportunity and not a scam?
Race data can be tracked on chain via the smart contract address, the smart contract has been audited by Hacken and the core team are doxxed. the more that everyone plays, the more benefits to everyone including CoinRcaes as the game software developer
Has the CoinRaces smart contract been audited?
Yes, by Hacken https://hacken.io/audits/coinraces/
How do we know the game isn’t rigged or manipulated?
All game logic and outcomes are secured by smart contracts and verified through blockchain and trusted oracles, ensuring results can’t be manipulated. To prevent any project price manipulation, our ecosystem allows the projects to DAO-vote on which projects are approved and maintained — keeping the system fair, transparent, and trustworthy
How does the referral program work?
Our referral program is powered by blockchain smart contracts. When you invite someone, the system records this link on-chain transparently. Whenever your referral makes a qualifying action, your reward accrues on-chain and you can claim it at any time — all transactions are public, verifiable, and tamper-proof.
What happens if only a small group from our community plays?
That's fine, each month all participating projects will have a vote to keep or replace the lower performing projects based on fixed metrics and add another one for the waiting list
Do we need to provide any technical integration or dev resources?
No, the game is fully decentralized, your community can simply play by connecting an EVM compatible wallet
Can we customize our in-game horse/branding?
Yes, if you have a mascot, we can add this as a jockey or we can add your project/coin logo to our generic jockey for brand positioning in each of the races
How are project showcase slots assigned?
For the first 8 projects, these will run 24/7, as we add more groups of eight, we can subdivide each 24hr period. once we reach 24 projects this can also be part of the month voting to determine optimum showcase slots based on metrics such as main community demographics, game play stats etc.
What support do you provide for community management and promotion?
We provide a comprehensive suite of marketing collaterals and game instructions, we will add inter group competitions and prize pools as we expand and CoinRaces will also actively allocate its own revenues to marketing for all projects under the 'Protocol Prediction Prize Pools' banner
Do we need a license or is this considered gambling?
No, it is an intra-project competition, the game is skill based and fully decentralized. Players are competing with each other for prizes by making predictions, the outcomes are driven primarily by community engagement
What happens if we want to leave the CoinRaces ecosystem?
You can request to leave at any time, replacement projects will be added monthly. on the first of each month, if you've asked to leave by the 15th of the current month,, your jockey will be delisted and replaced with a new one
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