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Monday, January 24, 2022

F1® Delta Time: Return of Car NFT Staking, Arrival of the SHRD Token

This post was originally published on F1 delta time

Wrapping up the end of 2021, we are thrilled to announce that we have a new pool of 1,500,000 REVV available to be earned by F1® Delta Time players via Staking. Additionally, the SHRD token, the new Play-to-Earn token in REVV Motorsport, is now earnable in F1® Delta Time.

Staking – Latest Round

Staking will begin 9 December 2021 and run for 28 days. There will be a pool of 1,500,000 REVV available to earn over the period, with both 2019 and 2020 cars eligible to participate. The cars for both seasons carry the same weight, and the return will be based on the Rarity of the car and the duration that it is staked.

Staking in Practice

For those of you who are new to Staking, in F1® Delta Time it refers to sending you car NFTs to a Staking smart contract for a period of time, where it will passively earn you REVV from the pool of tokens. While the car is Staked, it cannot be used in any of the F1® Delta Time gameplay modes.

You will need to stake your F1® Delta Time cars by going to the game website, connecting your wallet, and selecting which cars you want to stake. As this is a blockchain transaction, there will be a gas fee to stake your cars. You will also have to pay gas fees when you claim your REVV rewards and unstake your cars later.

Once a car is staked, it cannot be un-staked and re-staked again for a 24-hour cooldown period. The earning calculation is determined based on every 24-hour period that a car remains staked.

You can claim your Staking rewards after the entire Staking period has ended.

Play-to-Earn v2.0 – SHRD Tokens

Like REVV, the SHRD token is a cross-chain ecosystem fungible asset that can be transferred and utilised across all supported REVV Motorsport titles. More details of the SHRD tokens are available at this Medium post.

F1® Delta Time players will be the first who are able to earn SHRDs this week (with retroactive earnings being applied starting Monday 29 November), with different earn rates on the Grand Prix™ and the Time Trial modes. As a true Play-to-Earn token, SHRDs are rewarded based on the simple act of playing the game, not on your performance on the leaderboards.

SHRD Earn Rate

The amount of SHRD tokens earned is based entirely on the length of the track you are competing on. The rate at which SHRD can be earned is fixed, with the Grand Prix mode and Time Trial mode each generating SHRD at a fixed rate.

In Grand Prix, players will earn 0.15 SHRD tokens per mile; in Time Trial, players will earn 0.05 SHRD tokens per mile. This will be capped at 5 completed sessions per player per day until further notice.

To better illustrate the earnings, you can see the following examples:

SHRD token airdrops will begin in the middle of December 2021. SHRD tokens will be Polygon ERC-20 tokens, and will be sent to the same wallet address that has been connected to play F1® Delta Time on the Polygon network, as opposed to on the Ethereum network.

2020 Key Sale Event SHRD Airdrop

We first mentioned the concept behind SHRD back in 2020. It’s been a long road to grow and build the platform and we want to reward users who have helped us to get this far. So, anyone who participated in the 2020 Key Sale deposit period will be airdropped an amount of SHRD tokens equal to the amount of REVV that you deposited back then.

Any questions, give us a shout!

If you’re new to F1® Delta Time or to REVV Motorsport gaming platform, you can find out more about us by checking out our Medium articles, as well as following us on Twitter. We also have an active player community on Discord and Telegram, so come and join the conversation.

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