Tokenomics

Along with being able to own NFT Cars and NFT Workshops, Nitro Nation World Tour will tie directly to the recently announced Mythos blockchain gaming ecosystem through the use of the MYTH utility token, which will support the game’s in-game virtual currency (discussed below).

Governed by the Mythos DAO, and with support from industry leaders in web3 gaming, the Mythos ecosystem aims to democratize games and allow for players and creators to participate in game value chains through the benefit of web3.

There will be two in-game tokenized virtual currencies tied directly to MYTH**:

Nitro Coin is a general purpose unlimited in-game tokenized currency used to:

• Upgrade, service, and customize higher level cars

• Purchase NFT cars (while supplies last), other in-game currencies, racing passes, and car upgrade components

• Refresh Festival Shop

• Upgrade a Social Club at higher levels

• Pay Car Rental fees

• Pay PvP Duel racing fees

• Conversion into wrapped MYTH token

Gear Coin is a socially-oriented unlimited in-game tokenized currency used to:

• Upgrade, service, repair, and customize cars up to the highest levels

• Purchase NFT cars (while supplies last), other in-game currencies, racing passes, and car upgrade components

• Refresh Club Shop

• Upgrade a Club at the highest levels

• Pay Social Club upkeep costs

• Pay PvP Duel racing fees at the highest level

• Pay to buyback cars lost in PvP Duels

• Conversion into wrapped MYTH token

Both Nitro Coin and Gear Coin will be able to be earned as rewards from PvP races and will be purchasable for fiat in-game and on the Nitro Nation World Tour game web-store.

As each coin is used solely in the game economy, we’ll return them into their respective in-game supply. When the in-game currencies are converted into the wrapped MYTH token, the converted Nitro or Gear coin is then held for future potential conversion in the opposite direction (MYTH token to Nitro or Gear Coin).

** Please note that these virtual currencies are used solely within the game economy and functionality for transactions, rewards, and other utility and benefits and are not transferable or usable, and are not convertible into real world currency or monetary value, outside of the game.