What Are Digital Collectibles?
Digital collectibles are unique digital tokens, each with distinct metadata that makes them irreplaceable and one-of-a-kind.
Race Rewind Digital Collectibles Availability
- Release Schedule: Available during every race weekend, from 10am GMT Friday to 10am GMT Monday.
- Las Vegas Exception: Follows the same drop timing despite its unique racing schedule.
- Secondary Marketplace: Unclaimed collectibles can later be purchased via OKX’s marketplace.
Benefits of Race Rewind Collectibles
- Collection Overview: 24 collectibles (one per 2024 Formula 1® race), categorized as Classic, Rare, or Ultra-Rare.
- Prizes: Rare/Ultra-Rare tiers include merchandise, signed items, and exclusive experiences.
- Season Finale: Collect one collectible per race to qualify for a special end-of-season drop with Rare/Ultra-Rare prizes.
- Secondary Market: Missing a race? Purchase collectibles post-drop on the marketplace.
👉 Explore the OKX Marketplace for collectibles
Understanding Utility (Rewards)
- Definition: Utilities grant access to prizes, services, or experiences tied to owning specific collectibles.
- Race Rewind Utilities: Rare/Ultra-Rare collectibles offer caps, signed merch, or physical experiences.
Wallet Setup Guide
To claim collectibles, create or link a Web3 wallet.
👉 Step-by-step OKX Wallet tutorial
Redeeming Utilities
- Process: Navigate to your OKX McLaren dashboard, click "Redeem," and complete the form.
- Post-Redemption: Collectibles marked "utility claimed" remain tradable but no longer redeemable.
- Shipping: Physical prizes ship via DHL; experience winners contacted via email (
[email protected]).
Identifying Rarity
Check the collectible’s icon for its rarity tier: Classic, Rare, or Ultra-Rare.
Storing and Accessing Collectibles
- OKX Wallet: A non-custodial, multichain wallet (browser/mobile app).
- Ownership Control: Assets are stored on-chain; only you hold access keys.
Utility Redemption Deadline
- Window: Utilities must be redeemed within 3 weeks of the minting window closing.
- Post-Deadline: Tradable but non-redeemable.
Selling or Skipping Prizes
- Marketplace: Sell collectibles freely on OKX’s marketplace.
- Deadline: Utilities expire after 3 weeks.
Trading Digital Collectibles
A full guide to selling NFTs is available on OKX’s platform.
Missed a Drop?
- Secondary Market: Purchase missed collectibles post-window.
- Grand Prize Eligibility: Require one collectible per race (24 total).
Why Limited Drops?
OKX and McLaren may pause drops if gas fees exceed thresholds.
About X Layer
- Technology: Built for speed, affordability, and innovation using ZK-SNARKs.
- Ecosystem: Integrated with OKX Wallet and 114+ Dapps (e.g., Chainlink, Curve).
- Fan Access: Connects users to 50M+ crypto-native creators.
Canadian GP Bonus Collectibles
Fans who claimed the Canadian GP collectible received eight additional Classic-tier collectibles from earlier races as a participation reward.
FAQs
Q1: Can I redeem utilities after the deadline?
No. Utilities expire 3 weeks post-minting.
Q2: How do I check my collectible’s rarity?
Look for the Classic/Rare/Ultra-Rare icon on the collectible.
Q3: Are missed drops permanently unavailable?
No—purchase them later on the secondary marketplace.
Q4: Why choose X Layer?
Low fees, fast transactions, and a robust Web3 ecosystem.
Q5: Can I sell a redeemed collectible?
Yes, but its utility is no longer valid.
Q6: What’s the grand prize requirement?
Own at least one collectible from all 24 races.