CoinRaces DAO ($CRDAO)
Recent developments:
5% of the initial token allocation is held by the creator.
Creator token stats last updated: Jun 29, 2025 10:39
The following is generated by an LLM:
Summary
AI racing metaverse with DAO governance
Analysis
CoinRaces DAO ($CRDAO) presents an ambitious fusion of AI-powered prediction racing games and DAO governance. While the concept of integrating Virtuals Protocol AI agents into a 3D racing metaverse with community-driven governance is innovative, several red flags emerge: 1. **Creator Allocation**: The creator holds only 5% of tokens (50M), below the 10% threshold for serious projects. While 45% is locked for 10 years, this low initial stake raises questions about long-term commitment alignment. 2. **Token Utility**: The token appears necessary for governance and rewards, but the complexity of combining prediction markets, racing mechanics, and liquidity pool management creates significant execution risk. The value proposition relies heavily on speculative game success rather than clear utility. 3. **Team Transparency**: No information about core team members or legal entity is provided, despite claims of technical complexity requiring AI/blockchain expertise. 4. **Tokenomics**: The 1B supply creates high potential dilution, though 45% burn after 10 years helps scarcity. Treasury tokens (5%) have reasonable vesting, but the long lock period for burned tokens may not address immediate centralization concerns. 5. **Execution Risk**: The project combines multiple complex elements (3D racing, AI prediction agents, DAO governance) that require exceptional technical execution and community coordination to succeed. 6. **Market Fit**: While the gaming/prediction market combination is novel, it's unclear if this niche appeals to enough users to sustain the ecosystem. The 2-minute race cycle suggests high-frequency engagement demands that may be difficult to maintain. Positive aspects include clear governance mechanisms and integration with Virtuals Protocol's existing ecosystem. However, the low creator stake, anonymous team, and high technical complexity make this a high-risk proposition.
Rating: 3
Generated with LLM: deepseek/deepseek-r1
LLM responses last updated: Jun 29, 2025 10:40
Original investment data:
# CoinRaces DAO ($CRDAO)
URL on launchpad: https://app.virtuals.io/geneses/6299
Launched at: Sun, 29 Jun 2025 09:41:14 GMT
Launched through the launchpad: Virtuals Protocol
Launch status: GENESIS
## Token details and tokenomics
Token symbol: $CRDAO
Token supply: 1 billion
Creator initial number of tokens: Creator initial number of tokens: 50,000,000 (5% of token supply)
## Creator info
Creator address: 0x0BF71F71E327C145123770a1757355380B88aae0
Creator on basescan.org: https://basescan.org/address/0x0BF71F71E327C145123770a1757355380B88aae0#asset-tokens
Creator on virtuals.io: https://app.virtuals.io/profile/0x0BF71F71E327C145123770a1757355380B88aae0
Creator on zerion.io: https://app.zerion.io/0x0BF71F71E327C145123770a1757355380B88aae0/overview
Creator on debank.com: https://debank.com/profile/0x0BF71F71E327C145123770a1757355380B88aae0
## Description at launch
CoinRaces DAO: Virtuals Protocol AI Agents ‘Racing & Community-Driven Crypto Prediction Competitions’
## Overview
CoinRaces is integrating Virtuals and its AI agent ecosystem into its Protocol Powered Prediction Competitions racing-3D arena and will launch a CoinRaces-Virtuals DAO token to support this launch.
**Supercharged Rewards for DAO token holders**, including 14% allocation of CoinRaces native $CRGG tokens, **extra game rewards** alongside special tournaments and **enhanced prize pools.**
The **Virtuals $CRDAO** tokenomics actively engage community members in decision-making to drive ecosystem benefits. **CoinRaces will lock for 10 yrs, 45% of the total $CRDAO supply at launch** to make sure the community's perspective is at the heart of our Virtuals Protocol Powered Prediction games, creating an unparalleled experience for all users.
**Welcome to CoinRaces, an exhilarating fusion of decentralised intelligence, strategic gaming, and cutting-edge AI!** Immerse yourself in a dynamic **3D simulation** where the most advanced **Virtuals Protocol AI Agents** compete for glory in thrilling race competitions. This isn't just a game of chance; it's a platform where your strategic thinking, **community participation**, and insights into AI performance and liquidity management drive the action, leading to **real rewards every 2 minutes**.
At the heart of CoinRaces lies a **revolutionary DAO structure**, deeply integrated with the **Virtuals Protocol**. We are building a truly decentralised and intelligent gaming experience that directly benefits from and focuses on the power of Virtuals Protocol. Our unique **AI Agent $CRDAO Token** is your key to unlocking this co-owned narrative, where all tokens contribute to and benefit from the game's evolution, with communities from each AI agent vying for dominance!
### **The Launch Phase: Team-Curated Foundation**
To ensure a robust and exciting start, CoinRaces will initially feature **4 top-tier Virtuals Protocol AI Agents vs 4 top Meme Coins** as participants in our race competitions. The initial rules and agent selections will be carefully curated by the development team, leveraging their expertise to establish a balanced and engaging gaming environment from day one.
This initial phase sets the stage for the upcoming **Community-Driven (DAO voting) new token competitions, where $CRDAO** holders will decide who stays and who goes for future tournaments.
### **What is the CoinRaces AI Agent DAO Token?**
The $CRDAO Token represents a **fractional ownership and governance stake** in the collective intelligence that drives CoinRaces. Holders of these tokens aren't just players; they are architects of the game's evolution, contributing to both its mechanics and the sophisticated **Virtuals Protocol AI Agents** that power its predictions and race competition outcomes. All tokens within CoinRaces, including $CRDAO, are part of a broader narrative, where **success is shared collectively** by all CoinRaces game token communities.
### **How $CRDAO Holders Shape the Game (Post-Launch - DAO Governance):**
Once the ‘CoinRaces - Virtuals’ tournaments are live and thriving, $CRDAO holders will be empowered to directly influence key aspects of the game concepts:
1. **Vote on Virtuals Protocol AI Agent Participants:**
* **Propose and Elect New AI Agents:** $CRDAO holders can propose new Virtuals Protocol AI Agents to be included in the racing roster, ensuring the game stays fresh and relevant with the latest AI developments from the broader Virtuals Protocol ecosystem featured in future races.
* **Retire Underperforming Agents:** Vote to remove AI Agents that are no longer performing effectively, optimizing the game's focus on competitive and active community engagement.
* **Adjust Weighting/Handicaps:** Influence how different AI Agents are weighted in the race simulation based on their historical prediction performance or community sentiment shaping the playing field for the competing AI agent communities.
2. **Define Game Rules and Mechanics for Community-Driven Crypto Prediction Competitions:**
* **Prize Pool Distribution:** Vote on the allocation of prize pools, determining how rewards are distributed among winners and across different race tiers.
* **Race Frequency & Duration:** Propose adjustments to the 2-minute race competition cycle, allowing the community to fine-tune the game's pace.
* **Prediction Structures:** Introduce or modify prediction options to cater to diverse player preferences and enhance the **Community-Driven Crypto Prediction** experience.
* **Special Events, Leaderboards & Tournaments:** Vote on the implementation of special events, limited-time races, or community tournaments with unique rules and larger prize reward pools.
3. **Govern and Utilise Specialised AI Liquidity Pool Prediction Agents:**
* This is where $CRDAO ownership truly comes alive, allowing holders to **influence the game's economic backbone** and bolster the Community-Driven Crypto Prediction Competition ecosystem.
* As a DAO token holder, you will be able to vote on the development of various **AI liquidity pool prediction** agent ‘styles’, each offering a unique approach to forecasting the best outcomes for **utilisation and allocation of fee income** into liquidity pools to amplify shared rewards:
Join the decentralised revolution and **race towards the future of intelligent gaming**, powered by **Virtuals Protocol** and a truly co-owned **Community-Driven Crypto Prediction** narrative!
## Additional information extracted from relevant pages
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Investment info last updated: Jun 29, 2025 10:40