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Crown by Third Time Games

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Crown by Third Time Games?

Crown by Third Time Games (CROWN) is a utility token built on the Solana blockchain, enabling users to own and operate virtual horse racing tracks within the Photo Finish™ LIVE ecosystem. It allows for staking, earning rewards, and participating in the digital horse racing experience.

How is Crown by Third Time Games used?

Crown by Third Time Games (CROWN) is the official utility token of Photo Finish™ LIVE, a virtual horse racing ecosystem built on the Solana blockchain. The token serves multiple purposes within the game:

  1. Track Ownership and Staking: CROWN allows players to stake and own virtual horse racing tracks, earning a percentage of race entry fees in the in-game currency, DERBY. The more CROWN staked, the greater the potential rewards.

  2. In-Game Benefits: CROWN can be used to pay for various in-game benefits, enhancing the user experience within Photo Finish™ LIVE.

  3. Reward System: The token provides a form of reward for successful racing careers, incentivizing players to participate and engage with the game.

  1. Decentralized Elements: CROWN introduces decentralized elements to the world of digital horse racing, allowing for the operation of tracks within the game ecosystem.

Overall, CROWN is a vital component of the Photo Finish™ LIVE ecosystem, offering unique opportunities and benefits to users while enhancing the overall gaming experience.

How do I store Crown by Third Time Games?

To store Crown by Third Time Games (CROWN) tokens securely, it is recommended to use "Cold Wallets," which are offline wallets. There are two types of cold wallets:

  1. Paper Wallet: This is a simple, offline wallet created by generating a public and private key using a program. The keys are printed in the form of QR codes, which can be scanned for future transactions. The paper wallet is stored in a secure place.

  2. Hardware Cold Wallet: This is a physical device where you can store your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person possessing the USB drive can access the assets. Hardware cold wallets are preferred by most users, especially for storing large numbers of coins or tokens.

How to buy Crown by Third Time Games?

To buy Crown by Third Time Games (CROWN) tokens, follow these steps:

  1. Choose a Reliable Exchange: Find a trustworthy centralized exchange that supports the purchase of CROWN tokens. Examples include Gate.io, Binance, and other reputable platforms.

  2. Create an Account: If you don't already have an account on the chosen exchange, create one by following the registration process. This typically involves providing personal information and verifying your identity.

  3. Deposit Funds: Deposit the desired amount of fiat currency or cryptocurrency into your exchange account. This will be used to purchase CROWN tokens.

  1. Navigate to CROWN Token: Find the CROWN token on the exchange and select it for purchase.

  2. Enter Purchase Amount: Enter the amount of CROWN tokens you wish to buy. This can be done by specifying the amount in terms of the fiat currency or cryptocurrency you deposited.

  3. Confirm Transaction: Review the details of your purchase and confirm the transaction. The CROWN tokens will be credited to your exchange wallet.

  1. Store Your Tokens Safely: For long-term storage, consider transferring your CROWN tokens to a cold wallet, such as a hardware wallet or paper wallet, for enhanced security.

Remember to do your own research and carefully review the fees and terms associated with each exchange before making a purchase.

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History of Crown by Third Time Games

The history of Crown by Third Time Games (CROWN) is closely tied to the development of the Photo Finish™ LIVE virtual horse racing ecosystem. The concept of CROWN was born alongside Photo Finish™ LIVE, which was created by Third Time Games, a startup game development studio. The game, Photo Finish Horse Racing, was initially released in 2015 and gained significant popularity with nearly 15 million downloads.

CROWN, the official utility token of Photo Finish™ LIVE, was designed to integrate blockchain technology into the game. This integration aimed to enhance user experience and introduce decentralized elements to the world of digital horse racing. The token was built on the Solana blockchain, utilizing the Solana Program Library (SPL) token standard, which offers high speed, low fees, scalability, and robust security features.

The development and integration of CROWN into the game ecosystem have been focused on enhancing user experience and introducing decentralized elements to the world of digital horse racing. While relatively new in the blockchain space, CROWN is gaining traction rapidly due to its unique application, growing user base, and alignment with top brands in the sport.

CROWN's tokenomics are structured to ensure a gradual release of tokens over time. The total lifetime supply is 250 million CROWN tokens, with allocations for staking rewards, team and investors, and ecosystem development. The tokens are released gradually over time, with each season in the game lasting 28 days, representing one year in the game.

Overall, the history of CROWN is marked by its innovative application of blockchain technology to virtual horse racing and its rapid growth in the crypto space.

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How Crown by Third Time Games works

Crown by Third Time Games (CROWN) is a utility token that operates on the Solana blockchain. It is designed to enhance the user experience in the virtual horse racing game, Photo Finish™ LIVE. Here's a detailed overview of how CROWN works:

Tokenomics
  • Total Supply: 250,000,000 CROWN tokens have been minted, with a fixed supply.
  • Allocation:
    • Staking Rewards: 125,000,000 CROWN (50%) for staking and rewards.
    • Team & Investors: 70,000,000 CROWN (28%) for the development team and investors.
    • Ecosystem: 55,000,000 CROWN (22%) for in-game activities and rewards.
Staking and Rewards
  • Staking Pool: 50% of the total supply (125,000,000 CROWN) is dedicated to the staking pool.
  • Reward Distribution: 4.8 million CROWN tokens are added to the staking pool every 28 days for two years.
  • Staking Process: Users can stake their NFTs to earn CROWN tokens. The staking pool is funded every 28 days, and rewards are distributed to staked NFTs.
Token Utility
  • Track Ownership: CROWN tokens are used to acquire "operator's licenses" for racetracks within Photo Finish™ LIVE.
  • In-Game Benefits: CROWN tokens can be used to pay for in-game benefits, such as renaming horses and scratching them from races.
  • Reward for Racing: Players receive a small amount of CROWN tokens for participating in real-money racing, whether they win or lose.
Trading and Exchanges
  • Decentralized Exchanges: CROWN tokens can be traded on decentralized exchanges (DEXs) like Jupiter Aggregator.
  • Centralized Exchanges: CROWN tokens are also traded on centralized exchanges like Meteora, BingX, and CoinEx.
Blockchain Technology
  • Solana Blockchain: CROWN operates on the Solana blockchain, which provides high-speed transactions, low fees, scalability, and robust security features.
  • SPL Token Standard: CROWN tokens adhere to the Solana Program Library (SPL) token standard, similar to ERC-20 tokens on Ethereum.
Earning CROWN
  • Racing: Players earn CROWN tokens by participating in real-money racing.
  • Staking: Users can earn CROWN tokens by staking their NFTs in the staking pool.

Overall, CROWN is designed to create a decentralized and transparent ecosystem within Photo Finish™ LIVE, where players can earn rewards, own virtual assets, and participate in the game's development.

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Crown by Third Time Games's strengths

The token Crown by Third Time Games (CROWN) has several strengths:

  1. Unique Application: CROWN brings a novel application of blockchain technology to the world of digital horse racing and gaming, enhancing user experience and introducing decentralized elements.

  2. Growing User Base: The token is gaining traction rapidly due to its unique application and alignment with top brands in the sport, ensuring a growing user base.

  3. Multiple Utilities: CROWN serves multiple purposes, including paying for in-game benefits, staking as a demonstration of ownership rights over tracks, and providing rewards for successful racing careers.

  1. Decentralized Ownership: CROWN allows players to own virtual horse racing tracks and earn rewards in a real-money racing ecosystem, providing a sense of ownership and entrepreneurial opportunities.

  2. Security and Compliance: The token has undergone thorough legal reviews to ensure compliance with regulations, making it a safe and secure choice for users.

  3. Scalability and Performance: Built on the Solana blockchain, CROWN leverages high-speed transactions, low fees, and scalable architecture to ensure a superior user experience.

These strengths contribute to CROWN's potential for long-term success and adoption in the gaming and blockchain integration model.

Crown by Third Time Games's risks

Crown by Third Time Games (CROWN) is a cryptocurrency that carries significant financial risks. Here are some key points to consider:

  1. High-Risk Investment: CROWN is considered a high-risk investment due to its volatility and potential for significant price fluctuations. This means that investors may face substantial losses if the market moves against them.

  2. Market Liquidity: The token is not listed on mainstream exchanges, which can lead to low liquidity. This makes it difficult to buy or sell the token quickly, potentially resulting in significant losses.

  3. Price Volatility: The price of CROWN can fluctuate rapidly, making it challenging to predict its future value. This volatility can be influenced by various market and economic factors, further increasing the risk.

  1. Security Risks: Storing CROWN tokens requires careful consideration of security measures. While exchanges have improved their security, they can still be vulnerable to hacks. Using cold wallets, such as paper or hardware wallets, is recommended to minimize the risk of asset loss.

  2. Token Distribution and Allocation: The token's distribution and allocation are critical factors to consider. The total supply of CROWN is capped at 250 million, with different allocations for staking rewards, team and investors, and the ecosystem. Understanding these allocations is essential to assess the token's potential value and risks.

  3. Staking and Rewards: The staking mechanism, where users can earn rewards in DERBY (the in-game currency) by staking CROWN, carries risks related to the stability and value of DERBY. If the value of DERBY decreases, the rewards earned through staking CROWN may also decrease.

Investors should carefully evaluate these risks and consider their personal risk tolerance before investing in Crown by Third Time Games (CROWN).

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Crown by Third Time Games's ecosystem

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Crown by Third Time Games’s team

  • Founder and CEO: Ian Cummings
  • Advisory Board Member: Alex Becker, Founder of AI software company Hyros
  • CEO: Pan Lorattawut

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