The blockchain game company Animoca Brands will publish its new REVV token on the popular Uniswap decentralized exchange.
REVV will begin trading for Ethereum (ETH) on September 4th at 12 p.m. UTC on Uniswap. The initial price of the token is USD 0.00666.
The REVV token acts as a utility token in crypto-powered motorsport games from Animoca, including F1 delta time and two upcoming releases.
The next new game from Animoca is one of the motorcycle races Grand Prix or MotoGP, Further details will be published in the fourth quarter of 2020. Another title “Based on a Global Racing Franchise” will also be announced shortly.
REVV is “the buy, win and share currency” for Animoca motorsport titles and the token can currently be used to pay entry fees to the main F1 Delta Time Trial and Grand Prix nodes.
REVV tokens can be used to obtain in-game non-fungible tokens (NFTs) from Animoca Brands Motorsport launches.
NFT F1 Delta Time Forks can also earn REVV by using their NFTs. Of the total REVV delivery of 3 billion tokens, 6.02 million REVV are currently being distributed among the owners of the F1 Delta Time NFT.
500 million REVVs have been earmarked for various F1 Delta Time-related groups, including in-game rewards, marketing, pre-order and promotional airdrops.
In July, Animoca Brands reported record sales of $ 4.33 million for the first quarter of 2020 and $ 3 million for the month of April. The company had nearly $ 1.8 million in cryptocurrency at the time.