$CROWN, a cryptocurrency introduced by Third Time Tokens Ltd, plays a crucial role in enabling ownership of virtual horse racing tracks within the Photo Finish™ LIVE ecosystem. As the designated utility token, $CROWN allows users to stake their tokens, granting them proportional ownership of race tracks. This staking process comes with the added benefit of receiving a percentage of race entry fees in DERBY, the in-game virtual currency. The underlying technology powering $CROWN is built on the Solana blockchain, leveraging the SPL (Solana Program Library) token standard. This strategic choice ensures efficient transaction processing, low fees, scalability, and robust security features, providing users with a seamless and superior experience within the virtual horse racing platform.
$CROWN has several distinctive features. Firstly, it introduces a groundbreaking concept of decentralized ownership for virtual horse racing tracks, empowering users to actively engage and take ownership within the Photo Finish™ LIVE ecosystem. The tokenomics of $CROWN, linked to the platform's dynamic "seasons," add a layer of engagement and reward distribution, fostering an interactive and rewarding user experience. Notably, $CROWN provides real-world rewards as users, through staking, gain not only virtual ownership within the game but also earn tangible rewards in DERBY, a virtual in-game currency with a fixed exchange rate of 80 DERBY = $1.00 USD. The integration of the Solana blockchain further enhances the token's appeal by ensuring high-speed transactions, low fees, scalability, and robust security.
In addition to its innovative features, $CROWN focuses on community-building through the introduction of the "Photo Finish PFP Collection," comprising 15,008 NFTs. This unique initiative enhances community engagement and fosters a sense of ownership among participants, contributing to $CROWN's position as a standout utility token within the virtual horse racing ecosystem. As users actively participate, stake tokens, and earn real-world rewards, $CROWN stands as a pioneering force, revolutionizing virtual horse racing by offering decentralized ownership, dynamic tokenomics, real-world benefits, and community-centric elements.