What is Silks Horse Racing? Complete explanation of this P2E Metaverse game.

Have you always dreamed of having your own racehorse and winning competitions? Until recently, it was only a reality for the wealthy elite. Horses are sometimes bred and sold for hundreds of thousands of euros. Why? These horses often have one unique pedigree and are the best racehorses in the world† By participating in prestigious competitions, these racehorses are a walking (read: walking) money machine. Not just a sweet affectionate horse, but a significant investment.

Thanks to blockchain technology, everyone can now invest digitally in their unique horse. And yes, a physical horse of flesh and blood. Each horse gets one digital copy on blockchain and is embossed as NFT† The advantage? When the physical variant of your horse wins a competition, you also win a prize. Not an investment of hundreds of thousands of euros or dollars, but an affordable NFT with many benefits. Discover everything you need to know about Silks here.

Look quickly

We have now seen the development of both play-to-earn and the emergence of the meta-verse. But the latest trend is that we combine all these success factors in one interactive digital world.

Games to earn (P2E)

What was once so revolutionary now seems almost normal a year later. The fact that you can earn crypto by participating in a game is unknown territory for many, a lucrative business for some. Silks is a P2E metaverse where you can make money in many ways, even without doing anything. How? Read more in this blog!

metavers

Metaverse, the whole world is talking about it. We can no longer do without, and this development is the building block of our digital future. In Metaverset we can not do it alone own objects digitally thanks to Web3.0, but we can also make a whole create a new society and economy† Not only is the game element present at Silks, we can also discover this world, connect with each other and much more in the future. Because the creators have big plans!

What are Silks?

Silks is the first P2E Metaverse on the Ethereum blockchain that reflects the real world of thoroughbred racehorses. No fictional avatars or generated traits, just a digital racehorse based on real-world characteristics and qualities. A one-to-one copy.

jockey avatar

No horse racing without a suitable jockey. Scary 5,000 jockeys are available in Silks, each with their own outfit and features. These colors also appear on the horse itself and during the virtual competitions. Not insignificant of course that you also have a nice jockey. Dress nicely to impress!

This avatar reflects your identity and personality in the meta-verse and is your digital ownership of your assets in the game. Before you can buy your digital horse, you must first have a suitable jockey in your possession. Two separate investments, but then you also have something. These jockeys will not only ride these horses, but will also have additional opportunities in the metaverse in the future.

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Horse industry

Horse racing, a unique world associated with the elite. Rich and influential people gather about this exclusive events often to bet hefty sums on their favorite racehorse. Does your horse win? Then you not only had a nice afternoon, but you also made a lot of money!

These horse races are a multi-billion dollar business where real racehorses are bred and sold for hundreds of thousands of dollars, depending on origin and pedigree, among other things. Everyone wants the best racehorse. The better your horse is, the more races you win, the more money you make. Your racehorse is therefore a true investment. But this, of course, is only for the rich and famous. Well, especially for the rich then.

To make the world of these top horses available to the general public, Silks is launching their P2E Metaverse. No physical horses and maintenance, but a 1-on-1 digital version of your favorite horse. That way, every time your horse wins a real-world competition, you will also earn a portion of the prize money!

Silk Horses

Silks is an NFT collection of 10,000 horses on the Ethereum blockchain. These horses are America’s best 1% thoroughbred horses. These NFTs thus follow the daily lives of these horses. Where they come from, what pedigree they have and even how their training is going. The more valuable and expensive a real horse is, the more expensive this NFT becomes.

And the foals that are born thanks to the breeding program for these racehorses? These are also included with Silks. Every year, the Silks introduce a new batch of qualified racehorses. All information is put on the blockchain in real time and verified by the Silks community thanks to the Proof-of-Stake (PoS) consensus mechanism. These horses are extracted and sold as NFT in the traditional way. This means that you never know in advance which horse you will get. Everyone pays the same price for their horse.

And horses that retire? They can still continue to run digitally. Thanks to that in the game’s algorithm, retired horses can compete against each other to still receive adequate rewards and contribute to the ecosystem.

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Fractionalized NFTs

Racehorses are a valuable investment, as can this digital variant. Therefore, it is possible to make this investment together with 9 others. Thanks to fractional NFTs, you can buy your favorite horse with friends, acquaintances or other interested parties and share ownership. Of course, this also means shared profits!

In addition to the P2E principle, you can also buy land in this metaverse. And this country, all unique NFTs, you have to both take care of your horse and generate a lot of revenue. Just like the physical world has a horse shelter and ample space for grazing and training. The Silk meta-verse consists of 202,500 hectares of land, with each land having an area of ​​450×450.

stable

Provided you can not just put your horse in the hallway, you need a stable for your racing horse’s basic needs. A barn is a property of no less than 10 contiguous grounds on which you can build your own barn. You can house up to 10 horses in each stable. And beware, because you can not build an infinite number of stables in the metaverse, but up to a maximum of 10% of all racehorses.

horse farm

Do you want to go big and do you think a barn is too small? Go for your own horse farm! This is an area of ​​10 hectares, on which you can build a maximum of 10 stables and therefore keep a maximum of 100 horses.

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Revenue model

As a horse owner, of course, you earn prize money when your horse wins competitions in the physical world. But there is more. If you own a barn or a farm, you will earn a fixed percentage of this premium money. Owners can ‘beat’ their horse in your stable or your yard while you are generously rewarded for doing so. As the owner of your stable or farm, you can therefore also be selective in which horses you welcome or not, because the better your horses are, the greater your reward. Silks combines all the elements of GameFi with these real developments.

Tokenomics

Silks has a dual token system consisting of the SLK token and the STT token:

$ SLK

$ SLK is Silks’ governance token. Society earns this token when they contribute to the ecosystem. Think about it validate and imprint real-world blockchain information, a significant part of Silks. With these tokens they get vote and they can help determine the future and vote on important issues.

The token has a total supply of 500 million and will be distributed as follows:

  • 5% reserve
  • 5% advisors
  • 20% ecosystem
  • 30% hold
  • 40% players

$ STT token

We also have the $ STT token in the game. All transactions and rewards will be paid in $ STT. It has a stock of no less than 5 billion tokens, but can be traded against the $ SLK control token. In this way, participants can still determine Silk’s future and voice.

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Team

The Silks team is no stranger to this industry. The team consists of more than 25 people in total, but here is a look at the main members:

Troy Levy Founder He also owns Tropical Racing, an American thoroughbred horse breeding and racing company. He has a total of more than 20 years of experience in this industry. LinkedIn
Dan Nissanoff co-founder Dan is an internet and blockchain start-up entrepreneur with over 20 years of experience in designing and developing large business companies LinkedIn
Benjamin Plotkin co-founder As product manager, he holds a key position in Silks. He has a passion for NFTs and metaverset and makes Silks his new mission. LinkedIn

timetable

Silks is still in its infancy and has one ambitious roadmap† Combining P2E with a dynamic metaverse is therefore not an easy task:

April 2022 – Avatar Collection

Launched in April 2022 Silks the Genesis Avatar Collection, The NFT collection of 10,000 colorful and unique jockeys ready to get on the field. These are not only necessary to buy a Silk Horse, but they will also give you more rewards in the game and exclusive benefits in the meta verse in the future.

Summer 2022 – Horse collection

The summer of 2022 is known for the inauguration, as they call it, of theirs very first Silks Horses† This is the first time in history that these exclusive racehorses have been given a digital version that accurately reflects their own background and performance. Win tokens in the game when they win matches, and receive additional rewards when they get foals.

Q3 – 2022: P2E Games

Let the games begin! From this moment you can buy land and horses and you can start building your own stables or farms. Discover which horses are most valuable based on their actual performance, and start the negotiations. At this stage of the game, it can be crucial to position oneself to generate as much income as possible.

Q1 -2023: Silk Metaverse

Silks Metaverse opens to the public. Buy the necessary equipment to care for your horse, buy and sell land, stables or even an entire farm and look for as many options as possible to play the game lucratively. The further the game progresses, the more decentralized this P2E metaverse will become.

2023: Silks Global

Now that the foundation has been laid and this P2E Metaverse is live, it’s time for international and global expansion. The Silks want to grow exponentially with a rock-solid society and further democratize the world of thoroughbred racehorses.

Conclusion

The world of thoroughbred racehorses is an exclusive world that is hardly accessible to the average personRuled by power and status it is a niche controlled and driven by a bureaucracy of powerful and influential individuals and parties, until now. Silks want democratize the world of these thoroughbred racehorses by giving everyone access thanks to the development of NFTs, Metaverse and Web 3.0.

Not only can you own your favorite horse as an NFT and win prizes when your thoroughbred racehorse wins a competition, but you can also buy virtual land in Silk’s metaverse and build farms and stables here. In this way you will receive a share of the winning horse’s prize pool that is in your yard or barn. Many ways to generate passive income!

Are you looking for more information or have questions about Silks? Or would you like to meet other crypto enthusiasts? In it free Discord channels of our product Money Mastery from AllesOverCrypto you can ask questions and you can talk to thousands of other crypto enthusiasts. Do you have other crypto-related questions? The easiest way is to look up your question in our FAQ. Another thing you can do is google your question + All about crypto. Tell us what your thoughts are on these P2E Metaverse games.

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