FAQs

What are CryptoMotors?

CryptoMotors are crypto-collectible digital cars made by professional automotive designers. When you buy a CryptoMotors, it becomes exclusively yours. You can collect it, trade it, or drive it in different games and platforms.

Why are CryptoMotors so special?

Every model has a limited amount of units. Once a model is completely sold, we won't produce any other unit of it. Since every car is unique, it becomes more valuable throughout time.⁣⁣ This principle is known as Digital Scarcity.

Is CryptoMotors a cryptocurrency like Bitcoin?

No. CryptoMotors are crypto-collectibles that can be used in different video games and platforms.

What does GEN0 mean?⁣⁣

GEN 0 (generation zero) is the first lineup of crypto-collectible vehicles created entirely by the CryptoMotors design team. Given that CryptoMotors is a decentralized car production platform, all the following generations of cars will be created in collaboration with the community.⁣⁣ Anyone who wants to take part in the process of building a car can do it.

If I buy a car, what can I do with it?⁣⁣⁣⁣

As you’d do with any other collectibles out there, you can collect or trade your CryptoMotors. Soon you will be able to drive them in a great variety of 2D, 3D and VR games and earn rewards while playing. At the same time, you will have access to the exclusive content of each car. ⁣

But how can the car be 100% my property?⁣⁣⁣⁣⁣⁣

Every CryptoMotors is a non-fungible token (NFT). Each vehicle is unique. It can’t be destroyed, replicated, or taken away. The owner is the only one that has access to its private key.

⁣⁣⁣⁣What are the advantages of NFTs?⁣⁣

The two most significant advantages of NFTs are its immutability (nobody can destroy the asset) and its interoperability, meaning that players can use their items in different video games and platforms that follow the same development standard.

Why should I consider buying a crypto-collectible car?⁣⁣⁣⁣

Our cars can be held or traded easily in our marketplace. In case that the vehicle model is featured in a game, movie or is physically produced, the token holders will be rewarded with a percentage of the earnings generated by the vehicle during this time. Also you can enjoy your car in different games and platform!

Getting started

What do I need to create an account in CryptoMotors?

To sign up go to cryptomotors.io. In order to buy or trade cars, you just need a valid email address and a user name.

Can I log into my account from different devices?

Yes, if you have created an account you can log into our website from any device, mobile or desktop.

Can I use my CryptoMotors account on my phone?

Yes, you can. If you want to buy or trade cars from a mobile device you’ll need to install in your phone a digital wallet like Coinbase or Trust (or any other wallet that supports dapps and collectibles). If you already purchased a CryptoMotors from a desktop device, and you want to take a look at your cars from a mobile device, you can without any extra app.

Can I link a wallet with dapper? Or I need metamask?

No, right now you can not link a Dapper wallet. If you have Metamask and Dapper installed it won’t work propperly. You need to uninstall Dapper for now. We are working on a quick fix, that will be available soon.

What else do I need to buy a car?

You need to have Ether in your digital wallet. We currently don’t accept USD/EUR/GBP/CAD as a payment method. You can buy Ether from a digital currency exchange like Coinbase. You must be careful never to lose access to your wallet. Keep in mind that it’s your own responsibility.

What is Ether (ETH)?

Ether is a digital currency. You need ETH to buy CryptoMotors and to use all the functions of our platform. If you live in Europe or North America, you can buy ETH straight away from your Metamask wallet or Coinbase wallet.

If you can’t buy ETH from your Metamask, you will have to purchase ETH from a digital exchange and transfer them to your wallet.

How do I get my first car?

You can buy a car from us or from another user in our Marketplace. You can also buy our cars on external platforms like Opensea.

How many cars do I need to get started?

You can join our Design Challenges without having to purchase a car. However, you’ll need at least one car to play our upcoming racing games.

Where can I see my cars?

You can access and see all your cars at your Garage. To have your own Garage, you have to create an account on CryptoMotors.io. Your cars will also always be in your wallet as long as you have access to it.

How do I sell a car?

When selling a car you can choose between fixed price or auctions.

When you place your car in auction sale, users can bid in your car. You can set a minimum bid price. Because our integration with Opensea you don’t spend Gas to start a sale.

I just sold a car, where’s my ETH?

Congratulations on your first sale! The Ethereum of the transaction will be deposited on your wallet. Transactions take some time, so you will have to wait a bit. Just check the status in Ether scan and when it displays “success” the transaction will be completed.

Is there any fee for selling a car?

CryptoMotors charges a 5% fee from every sale executed in Opensea. Opensea accounts for a 2.5% fee.

I lost access to my wallet. Can I recover my cars?

You’re responsible for taking care of your own private keys and seed phrases. Your wallet is your digital money bank. If you lose access to it, nobody would be able to unlock it for you. Your cars will exist forever, but you won’t be able to access them anymore. Be smart, save your keys!

Design Challenges

Who can join design challenges?

Anyone who signs up to CryptoMotors.io can join our Design Challenges. Just remember that we always aim for high-quality productions.

How is CryptoMotors’ design process?

At CryptoMotors we have a three-step design process, including Sketching, PSD renderings, and 3D modeling. You can join any of our projects as a designer, or help us pick the best designs with your vote.

What are the steps of the design challenges?

Every challenge includes a design brief explaining in detail what’s the product participants will have to design. Designers who join the competition will submit their sketches for the pre-selection stage. We’ll review all the works and choose the participants that will go on to the second stage of the challenge. Finally, the 3D modeling and tokenization of the car will be done by the CryptoMotors team.

What will I earn if I win a Design Challenge?

You will have the privilege of getting your design built by CryptoMotors professional 3D modelers. We'll tokenize the car model and put it on sale on our marketplace. You’ll receive one digital copy of the vehicle (token) and a percentage of the total sales of the model.

Racing

Where can I use my car?

You will be able to use your car on our platform, games and applications. Also, thanks to the nature of NFTs, you will be able to drive your own crypto-collectible car in third party games and platforms.

What else can I do with my CryptoMotors?

We have a lot of plans for the cars! Competitive races, 3D/VR visualization, customization, integration with third-party racing games and more.

We’ll also offer awesome 3D printed cars very soon! And a lot of exclusive content for you to enjoy your car every day.

When will I be able to race my car?

Soon we plan to release the beta version of our decentralized car racing game. Stay tuned for news!

How much will it cost to join a race?

We want to make races accessible to anyone! So, during the beta, you can expect no charges for racing in the arcade mode, but, as in every dapp, there's always a network fee to be paid.

What can I win by racing?

We plan to offer different rewards. There will be ETH, special packages, cars and more!

Tuning

Will I be able to customize my car?

Yes, before starting a race, you will be able to customize your car in your Garage.

Can I buy parts for my car?

Yes. You’ll be able to buy auto parts in our marketplace and in other crypto-collectible exchanges.

How much will it cost to buy a part?

It will depend on the type of part. Like cars, parts will also have a limited amount of units. So, some parts will be rarer than others and, hence, more expensive.

Transactions and Technical Questions

What's Etherscan?

Etherscan is the interface that reads all the transactions happening in the Ethereum network. It allows you to verify if transactions were successful.

My transaction failed, why?

Transactions may fail for various reasons: Another user may have purchased the last available unit of a car before you. The price of the car might have had increased before you had the chance of bidding in the auction, or you may have set up the gas limit too low.

What is ‘Gas’?

‘Gas’ is the cost of powering the Ethereum blockchain where CryptoMotors are built on. In the Ethereum blockchain, every transaction is distributed across different computers around the world, without a central server or authority. This is the reason why each crypto-collectible is unique and completely secure. It takes a lot of computational power to validate each transaction, which is paid with Gas.

There is a Gas Price and a Gas Limit. Gas Price is what you’re willing to pay to the miners for every operation. Gas Limit is the number of operations the miners are allowed to execute before they run out of gas and abandon the transaction.

A “Gwei” is a small measurement of ETH that is paid to the miners. 1 Gwei = 1/1,000,000,000th of an Ether.

Community

How can I join the CryptoMotors community?

You can join our Telegram chat, Telegram channel and Discord where we generally share ideas, updates and exclusive content.

How can I contact the CryptoMotors team?

If you have any questions please send us your inquiries to info@cryptomotors.io You can also join our Telegram and Discord channels where we will be happy to assist you.

Where can I find the latest updates?

We will keep you updated through our newsletter, Instagram, Discord and other channels!