TheCryptoUpdates
Press Release

F1® Delta Time starts crate sale for official F1® NFTs of race cars, drivers, driver gear and car components

24 February 2020: Animoca Brands is thrilled to announce that the official crate sale for F1® Delta Time starts on 25 February 2020. Users will be able to buy crates containing officially licensed Formula 1® (F1®) non-fungible tokens (NFTs) of drivers, driver gear, and tyres for use in the game F1® Delta Time. See www.F1DeltaTime.com for details of the crate sale.

Crates in F1® Delta Time are ERC-20 tokens and are available in 4 tiers: Common, Rare, Epic, and Legendary. Purchases can be made using cryptocurrencies such as ETH, DAI, OST, USDC, USDT, and others. Players can choose to open their crates, sell them to other players, or hold on to them for future use. Each tier of crates has a limited supply:

  • Common crates: 2,500
  • Rare crates: 2,000
  • Epic crates: 1,500
  • Legendary crates: 500

Each crate contains 5 NFTs, including race cars, drivers, car components, driver gear, or tyres. The contents of crates are random, with cars and drivers being the rarest to obtain.

In F1® Delta Time there are 5 rarity levels for NFTs: Apex, Legendary, Epic, Rare, and Common, with Apex being the most scarce. The rarity levels of the NFTs in each crate are determined based on the tier of the crate:

  • Common crates: 1 Rare and 4 Common NFTs
  • Rare crates: 2 Common and 3 Rare NFTs
  • Epic crates: 3 Common, 1 Rare, and 1 Epic NFTs
  • Legendary crates: 3 Common, 1 Rare, and 1 Legendary NFTs

Crates can randomly contain an item that is one level higher than the tier of the crate – for example, a Rare crate may contain 2 Common, 2 Rare, and 1 Epic NFTs (instead of the normal 2 Common and 3 Rare NFTs).

Prices, discounts, and referrals
Players can enjoy an early bird discount when buying crates in the first week of the sale, until 2 March 2020. The following table shows the prices of crates (US$) during both weeks of the sale:

Period

Common Crate

Rare Crate

Epic Crate

Legendary Crate

25 Feb – 2 Mar

$18

$36

$135

$450

3 Mar – 9 Mar

$20

$40

$150

$500

Players will receive a 5% discount on every 5th crate purchased from the same rarity tier.

After registering an account at www.F1DeltaTime.com, each player will receive a unique referral link, allowing them to earn 2.5% of the value of any crate purchases that happen through their referral links.

Apex “China Edition 2019” cars lucky draw
Players will receive “Car Tickets” for all crate purchases; the number of car tickets players will receive depends on the tier of crate purchased:

  • Common crate: 1 car ticket
  • Rare crate: 2 car tickets
  • Epic crate: 3 car tickets
  • Legendary crate: 5 car tickets

The car tickets give players a chance to win rare unique cars: three of the cars from the “Four Guardians” collection celebrating Chinese New Year will be randomly awarded to three different players after the crate sale. These cars, named “White Tiger”, “Black Tortoise”, and “Vermillion Bird”, are of the highest rarity level: Apex. The first of the Four Guardians cars – “China Edition 2019 Azure Dragon” – was recently sold at auction for 91 ETH.

The Four Guardians Apex cars will be unlocked upon reaching crate purchase milestones, with the first race car being made available once 2,000 crates are sold, the second car after 4,000 crates are sold, and the third after all 6,500 crates are sold.

A lucky draw will be conducted to determine the winner of each car. The more car tickets a player has, the higher the chance to win one of the Four Guardians Apex cars.

Staking car NFTs to generate in-game currency
In F1® Delta Time, cars are NFTs and will have the ability to generate REV through “staking”, with rarer cars generating higher amounts of REV. REV is an ERC-20 token and the primary in-game currency in F1® Delta Time.

When you choose to stake your car, you temporarily transfer ownership to F1® Delta Time and lose the ability to use, race or trade that car, but you will earn REV based on the period of time that your car is staked. More information is available at https://medium.com/@f1deltatime/f1-delta-time-announcing-nft-staking-15f29b7c0b18.

F1® NFT auctions
F1® Delta Time has previously completed auctions of five unique and official Formula 1® NFTs of the Apex rarity level, starting with the landmark “1-1-1” digital car collectible that sold on 28 May 2019 for a record price of 415.9 ether (worth approximately US$113,000 at the time of sale); this was followed by the “Monaco Edition 2019”, “France Edition 2019”, “Japan Edition 2019” and “China Edition 2019 Azure Dragon” which sold for 387.11 ETH in total.

In addition, F1® Delta Time auctioned the first 10 official F1® team cars in the Pole Position Auction held from 28 November to 1 December 2019, which fetched a total of 121.5172 ether (worth approximately US$18,608 at the time of sale). The team cars were all of the Epic rarity level.

F1® Delta Time
F1® Delta Time is a blockchain game licensed by Formula 1®, developed and published by Animoca Brands. The game consists of a collectible component based on NFTs as well as a racing component utilising those NFTs. The collectible component is available now, and the racing component will launch later in 2020. For more information please visit www.F1DeltaTime.com or join the official Discord channel at https://discord.gg/s6wn7dk.

About Animoca Brands

Animoca Brands (ASX: AB1) leverages gamification, blockchain, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products based on popular intellectual properties such as Formula 1®, Garfield, Snoopy, Thomas & Friends™, Ever After High and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, Canada, Finland, and Argentina. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.

Contact: [email protected]

The F1 FORMULA 1 logo, F1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing BV, a Formula 1 company. All rights reserved.

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