| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | The project aspires to establish itself as a leading entertainment gaming platform catering to Formula 1 and MotoGP enthusiasts globally. It utilizes a token, REVV, as the backbone for all transactional activities within the ecosystem. The project is built on the Ethereum blockchain and the REVV token is an ERC-20 standard token. The project adheres to all legal regulations and prohibits any illegal activities. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The REVV token is an ERC-20 standard token, which serves multiple purposes. Its primary utility is to act as an in-game currency for F1® Delta Time and MotoGP⢠games. However, a problem has been identified in the tokenomics of REVV, where tokens used for gameplay fees are also supplied to both the gameplay reward pool and the staking pool, which may lead to gambling activities, which are prohibited. | Failed |
| Staking Method | The staking rewards derived from gameplay fees may have elements of Maisir (gambling) which is prohibited. | Failed |
Read the source document and verify project fundamentals.