▪️NFT Car
Last updated
Last updated
An NFT Car represents a unique digital asset within the GrabWay ecosystem, powered by Non-Fungible Token (NFT) technology. This innovative concept allows users and investors to own, trade, and utilize a verifiable asset on the blockchain. NFT Cars are integral to the platform’s design, offering various revenue-generating activities such as driving, renting, and trading, all while enhancing the overall user experience.
Each NFT Car is stored on the blockchain, ensuring ownership, rarity, and potential value appreciation over time. The value of an NFT Car is determined by its attributes, performance, and usage within the GrabWay platform, allowing for various ways to maximize earnings.
Every NFT Car in the GrabWay ecosystem is defined by six fundamental properties, each playing a crucial role in determining the vehicle’s performance, value, and earning potential. The following table provides an overview of these properties:
The SFC property determines the efficiency of the car in terms of fuel consumption. It reflects how much fuel the vehicle consumes over a specific distance.
Formula:
Nitro
plays a crucial role in reducing fuel consumption, thus increasing the car's distance capability.
SFC directly affects how far the vehicle can travel based on the fuel available in the Fuel-Tank.
The Inspection score is a vital indicator that reflects the overall condition and health of the NFT Car. Regular inspection ensures that the car can perform at its peak, influencing the performance of other parameters such as SFC and Fuel-Tank.
Usage: The higher the Inspection score, the more efficient the car becomes, reducing fuel consumption and increasing travel distance.
Nitro is a performance booster that temporarily increases the speed and fuel efficiency of the NFT Car. The impact of Nitro is reflected in the car's SFC calculation, allowing users to travel greater distances with less fuel.
Formula Impact:
Nitro reduces the SFC value, which in turn allows the vehicle to travel farther before needing a refill.
The Fuel-Tank parameter is essential for determining the distance a car can travel on a full tank. This includes two values:
Current: The current fuel level in the tank.
Maximum: The maximum capacity of the fuel tank.
The Fuel-Tank works in conjunction with SFC to determine the distance an NFT Car can travel before requiring a refill.
Distance Calculation:
S: Total distance
SFC: Specific fuel consumption
Fuel-Tank: Fuel available in the tank
Maintaining a full tank ensures maximum performance and earnings within the GrabWay system.
The ODO index tracks the cumulative distance your NFT Car has traveled. This is crucial for monitoring usage over time and ensuring that maintenance, like refueling or inspections, is carried out.
Odometer Calculation:
The ODO is updated after each drive session, helping users track progress and schedule inspections.
The Interior of an NFT Car directly impacts its reward potential. Each upgrade in the interior provides a 1% boost in rewards, encouraging users to invest in enhancing their vehicles. This upgrade makes the vehicle more valuable and efficient in terms of distance redemption.
Reward Multiplier:
Each Interior upgrade boosts the reward rate by 1%.
Users can randomly receive an Interior upgrade when syncing daily travel distance, adding excitement to routine activities.
Interior Upgrade Impact:
SFC (Specific Fuel Consumption)
Indicates how efficiently the car uses fuel.
Formula: SFC = 100 + (Nitro × 10) / 10
Inspection
A crucial metric to track the condition of the car.
Influences overall performance and usability of the vehicle.
Nitro
A special performance boost that enhances the vehicle’s speed and fuel efficiency.
Impacts both SFC and overall driving performance.
Fuel-Tank
Represents the car's current and maximum fuel capacity, affecting how far the vehicle can travel before requiring a refill.
Formula: S = SFC × FuelTank
ODO
Odometer index, tracking the total distance the vehicle has traveled.
Formula: ODO = ODO + S
Interior
Affects the reward multiplier. Upgrading the interior increases rewards by 1% per level.
Enhances overall earnings by boosting reward potential by 1%/level.