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KingSpeed Reveals Huge Backers Following A Successful Private Round of $1.2 Million

Cryptocurrency Nov 26, 2021 11:31AM ET
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KingSpeed Reveals Huge Backers Following A Successful Private Round of $1.2 Million

With racing, upgrading car parts and trading gears, KingSpeed is more than just a NFT car racing game, it’s also a rising star in the NFTs gaming industry. Today, KingSpeed announced their $KSC’s public sales will start on Tuesday – November 30th on Krystal Go, followed by Game Station on December 1st and Oxbull on December 2nd & 3rd.

Just 2 days earlier, KingSpeed closed their strategic and private round, securing $1.2 million in total investment. The project is supported by reputable partners in the market today and have been confirmed by some big names such as: Dext Force Venture, Basics Capital, Kyber Alumni Fund, Au21, Maven Capital and more. These strong partnerships will be essential for KingSpeed in the upcoming plans, with a lot of development is promised to be applied into the game. Collaborations with such big players in the industry will support the project on their objective of expanding their NFT market segment, which is expected to see tremendous growth.

KingSpeed’s CEO Tuyen Khuc, an experienced software/product manager in Dapp and Blockchain, also known as the CEO of CryptoX Ventures, shares after closing the private round “The initial investment of our investors means a lot to us. It gives us peace of mind to invest in research and development to deliver the most polished product to the community. We are very grateful to our investors who have always supported us in every way”.

KingSpeed Features and Game Modes

KingSpeed aims to combine both Free-to-play and Play-and-earn models into their gaming system, allowing everyone to start playing the Kingspeed game without having to pay a large amount of money to acquire NFTs at the beginning. They give all users the ability to claim and use a simple & generic NFT car with the same basic statistics. Players can buy, sell and trade or even can put their unused assets for rent to generate passive interest. Players who want to experience new, rare, or strong NFTs but can not buy it may rent the NFTs for a period of time.

KingSpeed provides gamers with 4 different modes to choose from, including Time Trial, Multiplayer Race, 1-1 Race Mode and Daily Quest. Players also can use a Prediction system to forecast against another player before the race. When the race ends, the player who correctly predicted the winning car will win all of the tokens.

Kingspeed and $KSC Token Since the NFT gaming industry is growing and changing the traditional approach, KingSpeed now is more than just a game but a way for players to actually earn from their efforts. KingSpeed Crystal – their own token $KSC, which will be available on Binance Smart Chain, will be used as the main payment currency in the game, such as purchases collections, pays competing fees, upgrades cars and more. Apart from the main use as a currency, $KSC can be staked in our system in order to receive rewards.

Major Upcoming Development KingSpeed is expected to release the NFT Car, Staking System & Web game this December, along with the Marketplace publishing. Next year, their main focus will be releasing the Prediction and Renting system, along with the Mobile version of the game.

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KingSpeed Reveals Huge Backers Following A Successful Private Round of $1.2 Million
 

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