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Technologies like geo-fencing and web3 have had far-reaching personal and commercial effects. When employed together, these technologies deliver the benefits of blockchain with geo-specificity. Now, the two are brought together in a gamified format with real-world rewards for participation in localized settings.
Key Takeaways:
Rebase is an AR adventure and lifestyle application that integrates the digital and physical worlds and can tie digital assets to real-world exploration.
Looking to trade Rebase tokens? Bybit now offers the IRL/USDT Spot trading pair. To celebrate this listing, Bybit is holding two exclusive events in which you can earn a share of the 2,000,000 IRL prize pool.
Rebase is an AR (augmented reality) adventure and lifestyle application that integrates the digital and physical worlds and can tie digital assets to real-world exploration.
The idea of engaging users with the power of blockchain and NFT technologies isn’t new. However, the Rebase app integrates these with real-world movement to take virtual gaming to a new level. By using web3 technology, Rebase optimizes transparency and security. It also allows users to verify transactions for digital assets. This digital innovation uses AR technology to allow users to move in both digital and physical worlds in search of AR objects. Users can find digital rewards at each of the virtual points, and must engage in physical movement to real-life locations before accessing the rewards.
Rebase is a web3 gaming company that was founded by Edmond Truong and Krzysztof Gagacki. The co-founders previously developed an NFT collection called CY-B3LLA. Rebase is supported by Genblock Capital, Evernew Capital, Tribe Capital, SkyVision Capital, Spartan Capital Securities, Solar Eco Fund, PANews, Shima Capital and several other strategic partners. As of December 2023, Rebase has more than 45,000 active users, who have traveled more than 700,000 kilometers in the app.
In addition to the ability to redeem exclusive digital rewards, the Rebase app has several real-world benefits. Through AR technology, it encourages social interaction across both the metaverse and the real world. Using digital innovation, Rebase aims to elevate public perception of the metaverse. Going forward, numerous web3 products will be released, with the platform’s focus on decentralization.
Rebase’s community-oriented emphasis encourages users to participate in its development. In addition, Rebase expands virtual gaming by combining real-world and virtual layers with AR. Real-world movement is required in order for users to hunt for treasures and redeem exclusive digital rewards.
Rebase is an interactive application that gamifies NFT minting and collecting. Users embark on an AR adventure in a specific location and use instructions within the app to locate virtual points. The NFT rewards can only be viewed through the AR finder. When an NFT is visible, a user can mint the NFT and add it to a personal collection.
Unlike the many play-to-earn platforms, Rebase is a move-to-earn platform.
While Rebase is a new AR adventure platform, it’s already well-developed with features that support excellent user experience and interaction.
The EchoPath Layer allows users to find digital assets in real-life locations. It employs geo-fencing and IRL tokens so that users can physically move in the real world to participate in token events and hunt for tokens and NFTs. These treasures are visible on a real-world map for a full integration of the digital and physical worlds.
Users CAN sell their NFTs by hiding their digital assets in a virtual layer over real-world locations and creating events so that others can participate.
Rebase Land is an innovative module that turns real plots of land into virtual plots, which can then be bought and sold within the app. These plots of actual physical properties are presented within Rebase as NFTs. NFT owners can customize their Rebase Land with a building and a logo. There will be five tiers of land plots. Owners can stake their IRL tokens on their Land, and higher tier levels yield greater staking rewards.
Land owners can stake IRL tokens to increase their digital asset’s utility value. By doing so, they can tap into other ecosystem features. Users who stake IRL on higher-tier Land will qualify for enhanced rewards. In addition, IRL stakers are given access to exclusive services and products, enhanced app features and priority access to special events.
With its community’s involvement, Rebase is rapidly evolving. In the third quarter of 2023, a slow rollout of the Rebase beta was released, allowing developers to optimize the platform’s latency, stability and speed. At the same time, Rebase released a raffle ticket system and completed debugging and movement into the conference industry.
By the end of 2023, the platform launched the IRL token, integrated its first NFT collection with the EchoPath Layer and developed 3D mapping tech architecture. The platform was released on multiple chains, and the second version of the raffle ticket system launched.
During the first half of 2024, scalable AR simulations, Rebase.world 1.0 and a second NFT collection will be released. In addition, Rebase will expand into the business space, and the EchoPath Layer will be available to the public. The IRL Cup token event will run through the first quarter of 2024, allowing users to compete for their share of five million tokens.
IRL, the native token of Rebase, has both governance and utility purposes. Token holders can vote on upgrades, upcoming features and other aspects of development. You can earn the token within the Rebase application, a move-to-earn platform that incentivizes users to physically explore the metaverse through real-world exploration. The token may also be used for in-app purchases and fees.
Total IRL token supply is 500 million tokens. These will be distributed as follows:
Seed round: 25 million
Private round: 25 million
Strategic round: 40 million
Ecosystem expansion: 6.5 million
Public sale: 12.5 million
Advisory: 10 million
Team: 115 million
Liquidity: 35 million
Marketing: 20 million
Treasury: 45 million
Ecosystem rewards: 166 million
The price of IRL as of Dec 29, 2023, is over $0.15. This reflects a 4.7% decline over the previous 24-hour period, with a market cap of around $3.13 million and a 24-hour trading volume of $650,636. IRL’s all-time high of $0.340175 occurred on Dec 19, 2023, and its all-time low of $0.144213 on Dec 22, 2023.
According to DigitalCoinPrice, IRL could reach $0.39 in 2024, $0.70 in 2027 and $1.60 by 2030.
While you can earn IRL tokens via gameplay, you can also purchase them outside of Rebase through Bybit with an IRL/USDT Spot trade. To get started trading IRL tokens, you’ll need to register for a Bybit account, fund it with cryptocurrency and navigate to the IRL/USDT Spot trading page.
To celebrate this listing, Bybit is holding two exclusive events for you to earn a share of the 2,000,000 IRL prize pool.
The first event, Deposit to Earn, will allow the first 2,000 new users who complete the following two steps from now through Jan 4, 2024, 11:59PM UTC to receive 666 IRL each:
Sign up for a Bybit account and complete Identity Verification.
Accumulate a deposit volume of at least 100 USDT worth of IRL, or deposit 100 USDT and use your Bybit account to buy any amount of IRL via your first trade.
If you’re already a Bybit user prior to Dec 18, 2023, 10AM UTC, no worries — because you can still earn 83 IRL! Simply accumulate a deposit volume of at least 100 USDT worth of IRL, or deposit 100 USDT and buy any amount of IRL using your Bybit account. Please note that rewards will be distributed on a first come, first served basis to the first 2,000 users.
The second event, Trade to Earn, is being held from Dec 19, 2023, 8AM UTC through Jan 4, 2024, 11:59PM UTC. Simply trade the IRL/USDT Spot trading pair and accumulate a Spot trading volume worth at least 200 USDT during the event period to grab a share of the prize pool.
Please note that your ranking will be determined by your trading volume. If you rank higher, you’ll receive more rewards in return.
Rebase ties digital assets to the real world for a unique gaming experience. It also allows users to earn IRL tokens in the app, stake their digital assets for rewards and participate in community governance. Although this project is in its infancy, it has already proven its utility and benefits. Keeping this in mind — and with a positive IRL price prediction over the next several years — Rebase could turn out to be a smart investment.
Rebase stands apart from other web3 platforms by intertwining the real world and the metaverse for a fun, potentially lucrative user experience. It presents the future of the web3 space, and can change the way the metaverse is perceived. As a result, Rebase is a platform that has tremendous possibilities and implications for the future.
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