McLaren Racing Digital Collectibles - Race Rewind 2024

Race Rewind Digital Collectibles

Introducing Race Rewind by McLaren Racing. Claim each free collectible to discover the story of our 2024 season. Powered by OKX, these dynamic collectibles evolve after each race, with awesome rewards available, every single race week.

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Dutch GP Race Rewind 2024

Time

Aug 23 - Aug 26

Blockchain

X Layer

Token standard

721

Minting progress

0 / 100000

Price

Free

Description

Celebrate the Dutch GP by claiming a FREE digital collectible. The claiming period closes at 10:00 GMT on Monday 26(th)August. This dynamic collectible evolves after the race. Check back at 10:00 GMT on Tuesday 27(th) August to see the updated artwork and discover whether you have unlocked a Classic, Rare or Ultra-Rare tier collectible. Unlock an Ultra-Rare collectible to claim an exclusive McLaren Technology Centre Tour experience. Unlock a Rare collectible to claim a McLaren cap. To redeem a reward, head to https://www.okx.com/web3/marketplace/mclaren and follow the steps. The deadline for redeeming rewards is 10:00 GMT on 16(th) September 2024. See terms and conditions at https://www.okx.com/help/okx-x-mclaren-nft-sweepstakes-t-and-cs for full details, market exclusions apply. Race Rewind Digital Collectibles are unregulated crypto assets. Their value could go down as well as up. An OKX compatible X Layer wallet is required to hold them. You will have to pay gas fees if you transfer them. Capital gains tax may be payable on profits from their resale. They don’t grant you any intellectual property rights in the underlying artwork or the right to display the artwork for commercial purposes or modify it.

McLaren Racing

Issuer

After their first taste of victory in F1 at the 1968 Belgian Grand Prix, McLaren has gone on to secure another 182 Grand Prix wins, winning 12 Drivers’ World Championships and eight Constructors’ World Championships. Whether it’s the F1 drivers on track, mechanics in the garage, the team on the pit wall, or engineers in the McLaren Technology Center, McLaren is united by bravery, ingenuity, and the thrill of racing.

FAQ

What are digital collectibles?

Digital collectibles, known as NFTs, are unique digital tokens. Each one is distinct and cannot be replaced by a similar one as they all have unique metadata.

When will the Race Rewind Digital Collectibles be available?

Digital collectibles will be released for each race. These will always be available between 10am GMT on Fridays until 10am GMT on Mondays during every race weekend.
Las Vegas will have the same drop timings as all other drops despite having a different racing schedule.
If you don’t claim a digital collectible in this window, you can purchase it on the OKX secondary marketplace instead.

What are the benefits of claiming Race Rewind digital collectibles?

The Race Rewind collection offers 24 digital collectibles, one for each Formula 1® race in 2024. Collectibles come in three types: Classic, Rare, and Ultra-Rare. Rare or Ultra-Rare collectibles grant prizes like merchandise and experiences, alongside the NFT ownership.
At the 2024 season’s end, one last collectible will be released. To claim it, you need a collectible of any rarity from each race. This drop will feature Rare and Ultra-Rare NFTs with special prizes.
A Classic collectible doesn’t have an associated utility, but is still a piece of collectible memorabilia. If you mint a Classic collectible, you could still win a prize by collecting one collectible from each race of the season.
If you are missing a collectible for a race, you can purchase it on the secondary marketplace.

What is a utility?

Some digital collectibles have utility. Utility is a Web3 term for access to products, services, prizes, and platforms given to users who hold a certain collectible.
In the Race Rewind collection, Rare and Ultra-Rare collectibles have utilities like McLaren caps, signed merchandise, and physical experiences.

How do I set up a wallet?

A step by step guide on opening a wallet can be found here.

How can I redeem the utility associated with my digital collectible?

You can view your digital collectibles on your dashboard within the OKX McLaren microsite. To redeem your utilities, click redeem and complete the pop-up form. You can redeem one or multiple utilities simultaneously.
Once you redeem a Rare or Ultra-Rare collectible, your collectible will be replaced with one which says “utility claimed”. This NFT is tradable, but the utility will no longer be redeemable.
Physical prizes will be shipped via DHL. You’ll receive updates via text. If you win an experience, you’ll be contacted via email.

How do I know what rarity my digital collectible is?

You can identify the rarity of your digital collectible by checking their rarity icon, which will state Classic, Rare, or Ultra-Rare.

Where will my digital collectible be stored and how can I access my collection?

To claim a Race Rewind digital collectible, you’ll need to create a Web3 wallet on OKX or link a compatible Web3 wallet.
The OKX Wallet is a noncustodial, multichain digital asset storage and management tool that is available as either a browser extension or mobile app.
Noncustodial means that OKX nor any other network participants have control over your wallet or the assets stored in it. As the owner of your Web3 Wallet, you take full custody of the crypto assets held within the wallet. All assets in the wallet are stored onchain and the owner can access it at anytime. For more information on opening an OKX wallet, click here.

When do I have to claim my digital collectible utility?

Utilities must be claimed within three weeks of the minting window closing. Utilities cannot be claimed after this time.
Once the claiming window ends, or once a utility is claimed, Rare or Ultra-Rare collectibles will be marked with a stamp to say the utility is no longer available. This is to prevent users from claiming multiple prizes for a collectible, or trading Rare or Ultra-Rare collectibles that no longer have a utility.

What if I cannot use my prize, or I don’t want to redeem it?

You can sell any Race Rewind digital collectible on the OKX Marketplace for free or for a fee of your choosing.
Utilities must be claimed within 3 weeks of the minting window closing.
After the redemption window has closed, you’ll still be able to trade your Rare and Ultra-Rare collectibles, but it will no longer be possible to redeem their utility.

How do I trade or sell my digital collectible?

A full guide to selling your NFT on the OKX NFT Marketplace can be found here.

What happens if I miss the digital collectible drop?

The Race Rewind program will release digital collectibles each race weekend between 10am GMT Friday - 10am GMT Monday. If you don’t claim one during this period, you can purchase your missing collectible on the OKX Marketplace.
You must have a full collection of 24 collectibles (one per race of any rarity) to be in with a chance of winning the end of season grand prize.

Terms and Conditions

No purchase or payment is necessary. Official rules, including entrant eligibility and campaign period, available at (Terms and Conditions). This activity isn’t intended to provide (i) investment advice or an investment recommendation, (ii) an offer or solicitation to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, can lose value, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. OKX is not registered with the UK’s Financial Conduct Authority (FCA). Additionally, NFTs are not regulated by the FCA, nor are they covered by the Financial Services Compensation Scheme, the Financial Ombudsman Service, or the FCA’s consumer protection regulations. The value of NFTs could go down as well as up. Past performance or experience does not necessarily provide a guidance for future performance. Capital gains tax may be payable on profits from their resale. They do not grant you any intellectual property rights in the underlying artwork or the right to display the artwork for commercial purposes or modify it. For more details, please refer to the OKX Terms of Service and Risk and Compliance Disclosure. © 2024 OKX. All rights reserved.