1. What Are Digital Collectibles?
Digital collectibles are unique digital tokens. Each one is distinct and non-interchangeable, featuring exclusive metadata that sets it apart from others.
2. When Will Race Rewind Digital Collectibles Be Available?
- Release Schedule: Collectibles drop for every race weekend, available from 10:00 GMT Friday until 10:00 GMT Monday.
- Las Vegas Exception: Despite its unique schedule, Las Vegas follows the same timing.
- Missed Drops? Unclaimed collectibles can later be purchased on the OKX secondary marketplace.
3. Benefits of Redeeming Race Rewind Collectibles
Collection Structure:
- 24 collectibles (one per 2024 Formula 1® race).
- 3 Rarity Tiers: Classic, Rare, and Ultra-Rare. Rare/Ultra-Rare tiers include physical rewards (merchandise, experiences).
Season Finale:
- A special collectible unlocks if you own one collectible from every race (any rarity).
- Classic Tier: No rewards, but still authentic McLaren memorabilia.
4. What Is a Reward/Utility?
- Definition: "Utility" refers to Web3-based access to products, services, or exclusive perks tied to collectibles.
Race Rewind Utilities:
- Rare/Ultra-Rare collectibles offer redeemable hats, signed merch, or real-world experiences.
5. How to Set Up a Wallet
👉 Step-by-step OKX Wallet guide
6. Redeeming Collectible Utilities
- Navigate to the OKX McLaren dashboard.
- Click Redeem and complete the form.
Post-redemption:
- Collectibles are marked "Utility Redeemed" and remain tradable.
- Physical rewards ship via DHL; experiences are coordinated via email (
[email protected]).
7. Identifying Collectible Rarity
Check the rarity icon on your collectible (Classic/Rare/Ultra-Rare).
8. Storing and Accessing Collectibles
- Requirement: A Web3 wallet (OKX Wallet or compatible).
OKX Wallet Features:
- Non-custodial (full user control).
- Multi-chain support via browser extension or mobile app.
9. Utility Redemption Deadlines
- Window: 3 weeks after the creation period closes.
- Post-deadline: Utilities are voided, but collectibles remain tradable.
10. Unused Rewards?
- Sell collectibles on the OKX Marketplace.
- Utilities expire after 3 weeks.
11. Trading/Selling Collectibles
👉 Guide to selling NFTs on OKX
12. Missed a Drop?
- Purchase missed collectibles on the secondary market.
- Season Grand Prize: Requires all 24 collectibles (any rarity).
13. Why Might Collectibles Face Restrictions?
OKX/McLaren may adjust drop windows due to:
- High gas fees.
- Technical disruptions.
14. What Is X Layer?
- Purpose: Hosts McLaren collectibles with optimized speed/low fees.
Advantages:
- Fast on-chain transactions.
- Low-cost (ZK-SNARK technology).
- Integrated with OKX Exchange/Wallet.
15. Why Did Canadian GP Redeemers Get Extra Collectibles?
Fans who redeemed the Canadian GP collectible received Classic-tier collectibles from the first 8 races as a participation bonus.
FAQs
Q1: Can I trade Classic-tier collectibles?
A1: Yes, but they lack redeemable utilities.
Q2: How are Ultra-Rare collectibles distributed?
A2: Randomly during drops—no purchase guarantees.
Q3: What if my utility reward is damaged in shipping?
A3: Contact [email protected] for support.
Q4: Is X Layer secure?
A4: Yes, it uses ZK-SNARKs for enhanced privacy/security.
Q5: Can I merge collectibles for higher rarity?
A5: No, each collectible is standalone.
Q6: Are there region-locked utilities?
A6: Some experiences may have geographic restrictions.