Benzinga
Published Oct 04, 2022 18:36
Updated Oct 04, 2022 19:12
Venus Protocol Will Sponsor a Community SIM Racer to Compete in the VR-1 SIM Racing Tournament.
Venus Protocol, in conjunction with UFF Sports and CUDOS, is launching a season-long SIM Racing league that is open to all crypto-based projects. The league and all tournaments will run similarly to real-world racing seasons.
Venus Protocol is pleased to announce that the entry fee for this upcoming tournament can be paid for in $VAI or $BUSD . The Prize money for this upcoming tournament will be awarded in $VAI. We believe this will bring more utility to our decentralized stablecoin as well as exposure to the participants involved ahead of our VAI Stability fee being launched.
Races will be broadcasted on multiple streaming platforms with professional commentating and opportunities for advertising. Projects will buy into the league, creating prize pools for the top teams. The community will design the race cars (livery) and build a community-backed team of drivers and support staff.
Racing is a global sport that is easy for anyone to understand and with today's graphics you will have a hard time determining whether you're watching a real race or a digital version.
Why would a project participate?
What are the marketing opportunities?
What Can the Community Do?
Custom liveries will be allowed during the tournament. There are six cars to choose from so please choose your cars wisely as they each have their own driving styles and characteristics. If anyone in the Venus community would like to design the livery for the Venus car, please check the template files and instructions at https://www.uffsports.com/vr1. Submit your design and it could be chosen!
There will be 30 participants competing in the VR-1 global sim racing tournament. Venus Protocol will sponsor a driver to compete by paying the $5000 entry fee in $VAI*1. VR-1 offers a $105K*2 prize pool which will be distributed to the top 8 drivers in the championship. Winnings will be entirely awarded to the driver. The prize pool allocation is as followed:
Championship Finishing | VR1 Prize Pool*2 |
1st | $36750 |
2nd | $21000 |
3rd | $10500 |
4th | $9450 |
5th | $8400 |
6th | $7350 |
7th | $6300 |
8th | $5250 |
VR-1 racing is an incredible way to bring the crypto space together, leverage our communities, offer fair cost and effective marketing, and maybe most of all, bring some fun to a space that is still maturing and has its ups and downs.
Venus Community members interested to be a driver must have previous SIM Racing experience. Venus Protocol is going to hold a Driver selection time trial. For complete details and information please join our dedicated Telegram group: https://t.me/Venus_VR1_Racing
LIMITED SPOTS AVAILABLE! THE TOURNAMENT WILL BE STARTING ON NOVEMBER 20TH. JOIN THE RACE NOW!
REGISTRATIONS OPEN UNTIL THE 30TH OF OCTOBER ONLY.
Venus Protocol is inviting other BNB Chain projects to the race! We encourage you to participate in this tournament, to sign-up, please follow the instructions provided on the UFF Sports Website at https://www.uffsports.com/vr1
Join UFF Sports Official Telegram channel: https://t.me/VR1_Sim_Racing_Leagues
Full details and instructions are available on https://www.uffsports.com/vr1
*1The VR1 Entry Fee paid in $VAI where 1 VAI represents $1 USD.
*2The VR1 Prize Pool paid in $VAI where 1 VAI represents $1 USD.
Image credit: Venus Protocol
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read the original article on Benzinga
Written By: Benzinga
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.