PlayChip

PlayChip

Created using Figma
Created using Figma

Last Update

01.08.2018

PlayChip is a universal token of sales business sports betting, games, fantasy sports, and eSports with more than 900,000 users on six platforms in 70 countries. PlayUp is generating $ 430 million annual turnover, and by the end of 2019 you can increase the number of users to more than 3 million. The PlayChip includes a fee, a reduction in fee, an expansion of the pool of prize money, a proof of a fair gaming environment that disrupts the $ 3 trillion unregulated gaming industry by providing untrusted reliability and transparency I will. With the introduction of block chains, PlayChip offers an excellent experience in traditional sports betting systems. Currently there are six platform apps (up to 8 soon) that you can download immediately on the Apple App Store and Google Play. The PlayChip becomes an exclusive token within this rapidly growing ecosystem. PlayChip is sports betting and game revolution.
ICO - $0.01 with up to 5% bonus
21.11.2018
28.11.2018
100% completed
$779
harte kappe
limit
ziel
0% ziel completed
Ziel 50 000 000 USD
Limit 50 000 000 USD
Harte Kappe 125 000 000 USD
past
  • 1 PLA
    =
    0.01 USD
Pre-ICO Phase 5 - 10% bonus
01.10.2018
31.10.2018
100% completed
Raised funds - no Data
Ziel 37 500 000 USD
Limit 37 500 000 USD
past
  • 1 PLA
    =
    0.01 USD
Pre-ICO Phase 4 - 15% bonus
01.09.2018
30.09.2018
100% completed
Raised funds - no Data
Ziel 37 500 000 USD
Limit 37 500 000 USD
past
  • 1 PLA
    =
    0.01 USD
Pre-ICO Phase 3 - 20% bonus
01.08.2018
31.08.2018
100% completed
$20 000 000
limit
ziel
53% ziel completed
Ziel 37 500 000 USD
Limit 37 500 000 USD
past
  • 1 PLA
    =
    0.01 USD
Pre-ICO Phase 2 - 25% bonus
06.07.2018
31.07.2018
100% completed
Raised funds - no Data
Ziel 37 500 000 USD
Limit 37 500 000 USD
past
  • 1 PLA
    =
    0.01 USD
Pre-ICO Phase 1 - 30% bonus
01.06.2018
05.07.2018
100% completed
Raised funds - no Data
Ziel 37 500 000 USD
Limit 37 500 000 USD
past
  • 1 PLA
    =
    0.01 USD
Token Details
Ticker
PLA
Accepted Currencies
ETH, BTC, FIAT
Company Details
Registered Country
Australia
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
KYC
Yes
Categories
Unterhaltung

Über PlayChip

 Daily Fantasy Sports (DFS), eSports, and online gambling are flourishing industries. The DFS industry enjoys a steady US$4bn annual turnover1 while global online gambling turnovers are forecasted to exceed US$59bn in 20202. Global gambling turnovers are estimated to be as high as US$3 trillion in unregulated markets3.

At present, the PlayChip serves as a rewards token for playup.com, with a fixed value of US0.01. Players can convert the current PlayChip to rewards vouchers with affiliates including Mastercard and Amazon.

Following the migration of the PlayChip to the blockchain, the PlayChip will serve as the universal gaming token for six independent sports betting, DFS, and gaming platforms with a combined user base of over 900,000 and exceeding US$430 million in annual turnover.

Players will be able to use credit card, PayPal, bank deposit, or a range of cryptocurrencies to purchase PlayChips within the PlayWallet and PlayXchange. PlayChips can then be seamlessly transferred between any of the six gaming platforms to participate in DFS, sports betting, eSports betting, or table games such as poker. Winnings are then able to be easily cashed from PlayChips back into credit card, PayPal, bank deposit, or cryptocurrencies such as Bitcoin and Ethereum. The PlayChip platform presents an all-in-one frictionless solution for fast, fun, and easy gaming and sports betting.

Due to the high volume of transactions that can take place in DFS and sports betting, the technology supporting the PlayChip must be scalable and fast. A robust internal network is being built to handle the high frequency transactions of PlayChip’s distributed partners, which currently number in the thousands per minute. Timing in DFS and sports betting is crucial due to changes in conditions and late changes to player profiles, so it is important that players of the PlayChip have a network they can rely upon. The PlayChip offers an off-chain engine linked to a public blockchain that will provide players with high transaction speeds and the confidence to use their PlayChips securely in real time without fear of bottlenecks or network lag.

The PlayChip will also offer a social network that links all platforms within the ecosystem and incentives robust gameplay between players via large prize pools and leaderboard competitions. In addition, an eToro-like follower functionality is being built into the platform to facilitate incentivised copycat betting of leading players. This social betting feature will create large scalable network effects, which further aim to grow the user base and reward possibilities for players.

We see the development of the PlayChip as a natural progression for a dynamic and ever-evolving industry. Due to the ‘trustless’ nature of smart contracts, and the security and autonomy of blockchain networks, we envisage that a majority of industries will adopt blockchain-enabled payment and rewards systems in the coming years. PlayChip is pleased to lead this advance.

The PlayChip has been designed to be simple, secure and fun. We invite all gaming and cryptocurrency enthusiasts alike to participate in what is set to become the universal gaming token.

Eigenschaften

Key to the long term aspirations of the PlayChip token is the growth in the PlayChip ecosystem, which in turn enhances the utility of the token itself.

The high product functionality of a utility token is the key factor that drives its longterm growth in value. Purchasing utility tokens is equivalent to purchasing a product or commodity rather than investing in company equity. Consequently, the success of a utility token is directly dependent on the success of the product rather than company profitability or market sentiment.

The value of utility tokens scale directly with customer demand and transaction volume. In the case of the PlayChip platform, Players purchasing PlayChips for use within the PlayChip ecosystem directly drives PlayChip demand versus available supply.

The PlayChip experience begins when a user signs up with one of our operational partners and is rewarded with PlayChips as a signup bonus. Simultaneously, user excitement should increase by the sheer size of the prize pools. This in turn may encourage the use of stored PlayChips or the purchase of new PlayChips to participate.

An ongoing demand for the PlayChip will be established for participation in games, challenges and bets via the PlayChip platform via a rewards bucket that incentivises user activity. The internal PlayChip economy shall interact with the external cryptocurrency economy via its conversion into fiat, other paired cryptocurrencies or local currency via global exchanges or the PlayXchange, which will allow users of the PlayChip to swap between the PlayChip internal and external economies at their discretion.

In this manner, the PlayChip economy shall be stimulated early and then diminish in supply once demand has been established, requiring players to purchase the PlayChips from the PlayXchange and other partnered exchanges. This is expected to create the scarcity required to allow the market to determine the appropriate PlayChip price.

Technische Information

PLAYCHIP ECOSYSTEM DESIGN

The PlayChip Ecosystem is comprised of a number of functional elements that interoperate in a manner that bring the elements of online gaming and blockchain technology together. Players interact with the ecosystem via PlayChips and a number of different wallet options. They can also optionally interact via an online web interface for carrying out transactions if they prefer. The operation of the ecosystem will be described at a high level by describing the movement of PlayChips between the functional elements shown in the diagram above.

 

PLAYCHIP

Players will receive their PlayChips into PlayWallets supported by the PlayXchange, or third party user wallets supported by third party partner exchanges that support PlayChip.

As an example, PlayChips located in a third party user wallet can be transferred to the Players’ PlayChip Gaming Wallet via an Ethereum transaction. This will involve sending the token via the PlayChip Foundation Merchant Wallet supported by the PlayXchange, which will then allocate the tokens to the corresponding user gaming wallets in the PlayChain. Due to the business rules in the gaming environment there will be two ledgers in the gaming wallets for differentiating tokens in the pay-to-play and free-to-play gaming environments.

Alternatively, PlayChips located in third party user wallets can be transferred to equivalent wallets supported by the PlayXchange (User Hot Wallets). These wallets can transact directly to the Ethereum chain, and must also support payment of gas fees via a nominal Ethereum balance as well.

Players who have PlayChips in their user hot wallet can transfer PlayChips via the PlayXchange to their corresponding PlayChip gaming wallets in the PlayChain to engage in online gaming within the PlayChip ecosystem.

Players can convert their PlayChips to fiat currency or other cryptocurrencies directly from their third party wallet via a third party exchange, or from their PlayWallet via the PlayXchange. PlayChips located in the gaming wallets will have a number of mechanisms to transfer out to other wallets with different timing and cost implications. 

PLAYWALLET

The PlayWallet is the term given to the interface to view and transact users’ PlayChips in their possession. A PlayWallet is comprised of a PlayChip wallet (used for gaming) and an optional user ‘hot wallet’, which allows users to transact directly with the Ethereum network via the PlayXchange.

The PlayWallet functionality will be integrated with the PlayXchange and PlayChain and will be able to be used on a number of platforms including IoS and Android. In all wallets, the users’ PlayChip balances, transactions and deposit addresses are standard features. As the user hot wallet is more transactionally focussed it will contain more details around currency conversion rates like a conventional exchange-based wallet.

The PlayWallet will be more focused around integration into the gaming environment and the rules involved in moving chips in and out of the game interfaces. As PlayChips are placed into a game, they will move into an escrow ledger until the results of the game are known. PlayChips are then moved out of escrow into their new location. The actual movement of PlayChips between wallets is carried out by the PlayXchange and PlayChain.

PLAYXCHANGE

The PlayXchange is the core function in the PlayChip Ecosystem as it will support the following key functions:

  • Supports the PlayWallet via customisable APIs to allow the PlayChip foundation to increase the sophistication of the PlayWallet over time.
  • Interfaces to the PlayChain to support the movement of PlayChips within the PlayChip ecosystem.
  • Interfaces with 3rd party exchanges and wallets via the Ethereum Blockchain.
  • Supports the movement of PlayChips from the global Ethereum network into the PlayChain for gaming use.
  • Support the PlayChip movement business rules to support the regional gaming and cryptocurrency legislation.
  • The PlayXchange will be supported on PlayChain foundation infrastructure and be designed to have levels of integrity and resiliency that will support the level of availability that is required by the PlayChip ecosystem.

 

PLAYCHAIN AND GAMING INTERFACE

Gaming events will be carried via REST APIs to the gaming platforms in a similar manner to the operation of the existing platforms. The existing game graphical user interfaces (GUI) will be integrated into the PlayWallet as part of joining the PlayChip ecosystem. Additionally, our operational partners will interface with the PlayChain to allow for the movement of PlayChips between user wallets and gaming platforms.

This PlayChain will provide the mechanism for supporting the PlayChip wallet ledgers and transaction logs, and will eventually become an integral part of the PlayChip ecosystem business logic for the gaming process and compliance regimes. For this to occur seamlessly the chosen technology must support high transaction speeds to be efficient enough for the PlayChip ecosystem. The aim is to develop the architecture to allow the morphing of the PlayChain so that it is seamless to the users.

The PlayChain contains the transaction ledgers of the PlayChip ecosystem, and so allows PlayChip Foundation administrators the ability to query transactions in order to resolve technical issues and possible customer disputes. The users’ PlayWallet will also have the facility to show individual users transaction logs as well so that Players are equally well informed on the status of past and inflight games.

 

PLAYCHIP FUTURE TARGET ARCHITECTURE

The next generation of blockchain technology is evolving to support higher transaction speeds and lower transaction costs. The PlayChip Foundation will continually assess these technology options in order to keep the PlayChip at the leading edge of blockchain functionality, whilst preserving the ease of use and integrity of the overall solution. When the correct technology exists, the PlayChip and PlayChain will be migrated at the appropriate time based on maturity of the solution. At this early stage we expect the solution could either be based on a next generation Ethereum or the ERC20 token could be migrated to an entirely new chain technology suitable for high volume gaming transactions. The migration would be similar to what EOS and TRON have just completed.

This approach will allow the benefits of consensus and smart contracts to be introduced into the PlayChain where it makes sense and allow the PlayChip and PlayChain to remain at the forefront of the industry.

 

PlayChip Roadmap

  • Q1 2018

  • ClassicBet and Draftstars joins PlayChip Ecosystem
  • Q2 2018

  • - TopBetta, betting.club and Mad Bookie join PlayChip Ecosystem
    - Partnership with three major NRL teams
    - Pre-ICO Commences
  • Q3 2018

  • - North America Roadshow
    - Europe Roadshow
    - PlayChain Technical Design
    - PlayXchange Technology Selection
  • Q4 2018

  • - Asian Roadshow
    - PlayChain beta testing
    - Completion of ICO – Testnet for blockchain-enabled PlayChip platform
    - PlayChain Integration with PlayXchange
    - PlayChain Integration with Gaming Platforms
    - Release of PlayWallet and PlayXchange (December 19th)
    - Listing of PlayChip on multiple exchanges (December 19th)
  • Weiterlesen
  • Q1 2019

  • - Integration of additional gaming platforms
  • Q2 2019

  • - IPO for PlayUp Ltd – Nasdaq & ASX
  • Q3 2019

  • - Full Social Network and Bet-following Integration
    - Development of Next-Gen Architecture
  • Q4 2019

  • - 3 million players worldwide

Aktivität

Beiträge:
899
VERY HIGH
Anhänger:
2 690 834
VERY HIGH
Likes:
2 742 773
VERY HIGH
Anhänger:
14 738
VERY HIGH
Tweets:
323
HIGH
30 Days Growth:
-400
Mitglieder:
21 166
VERY HIGH
30 Days Growth:
-13
Alexa

Rang:
425 436
MEDIUM
Delta:
-150 714

Mannschaft

Verifiziert 100%

Director and Secretary
verifiziert
Director
verifiziert
CEO, Director, Public Officer and member of the co...
verifiziert
COO
verifiziert
CTO
verifiziert
CFO
verifiziert
CMO
verifiziert
DIGITAL DESIGNER
verifiziert
FRONT END DEVELOPER
verifiziert
BACK END DEVELOPER
verifiziert
COMMUNICATIONS MANAGER
verifiziert
FULL STACK DEVELOPER
verifiziert
FRONT END DEVELOPER
verifiziert
FINANCE MANAGER
verifiziert
COMPLIANCE MANAGER
verifiziert
CUSTOMER SERVICE
verifiziert
DIGITAL DESIGNER
verifiziert
CRM SPECIALIST
verifiziert
OPERATIONS
verifiziert
Content Manager
verifiziert
Public Relations
verifiziert
Digital Communities Manager
verifiziert
Inbound Marketing Manager
verifiziert
Process and Project Manager
verifiziert

Berater

Verifiziert 71%

Beachtung. Es besteht das Risiko, dass nicht verifizierte Mitglieder nicht Mitglieder des Teams sind

Founder, BWM Dentsu
unbestätigt
Global Gaming Consultant
verifiziert
Founder, Cryptyk
verifiziert
Information Technology Consultant
verifiziert
Founder, Echelon One
verifiziert
Founder, Major League Fantasy
unbestätigt
Managing Director, Showdown (Twitch.tv Exclusive D...
verifiziert

Vergangenheit

Richard Sapsford
DIRECTOR (NON-EXECUTIVE)
HEAD OF FINANCE
Samantha Mendoza
HEAD OF CUSTOMER CARE
SOFTWARE DEVELOPER
SOFTWARE DEVELOPER

PlayChip Interviews

Daniel Simic
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
CEO // Founder

The PlayChip is revolutionary for the gaming market.

Playing for PlayChips
Michael Costa
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
CTO
Prashant Arora
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Implementation of financial controls and compliance over the ICO Project. Arguably one the best utility token to be introduced in the market which can unify online gaming and fantasy sports with the next generation global payment and rewarding system.
Ryan Bowman
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Head of Sales and Marketing and investor in PlayUp.
Chris Trengrove
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Lead Design on all ICO digital and physical collateral
David Walsh
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
FRONT END DEVELOPER
Jason Zhang
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm the backend developer, building sporting betting platforms.
Kynan Mayne
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Connect, compete and collect - anywhere, anytime! All in the palm of your hand.

That’s what we are all about!

The PlayChip will serve as the turnkey solution to all your sports and gaming needs.
Marcio Toledo
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Problem Solver, Designer and Frontend Developer.
Matt Colman
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Front end developer of the PlayChip ICO website. The best chip since the potato chip.
Nishant Arora
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Finance Manager
Pranav Kumar
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
You cant miss being part of this ico. First ever project which combines fantasy gaming and blockchain!
Pritesh Patel
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I look after the customer service and support for Playup all around the world.
Reginold John
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As a digital designer I worked on the branding of PlayChip coin and other marketing designs for PlayUp.
Rick Hanson
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
CRM Specialist
Scott Simic
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Operations Manager across fantasy platforms. Life long passion for sport and now........PlayChips. Revolutionary.
Dean Richards
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
PlayChip is the most diverse product I have seen in my gaming career.
Adam Weigold
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Advisory role for blockchain technology. Playup is the perfect marriage of sports, gambling and blockchain technology with a rapidly growing user base.
Liam Kirby
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Manager of public communications, advise third party content and published media.
Peter Colley
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
The PlayChip is set to become the digital currency of choice for the Daily Fantasy Sports and online betting industries. Join us on the journey from ICO to launch of our cryptocurrency the PlayChip.
Sam Nelson
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I’m a social media and digital communities professional with a passion for continually building creative and engaging social content for PlayChip.
Erik Harris
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Marketing Manager overseeing comms to existing customers and responsible for building the user base.

I'm excited to be involved in the projected and am looking forward to see how the PlayChip will transform the Fantasy Sports and Gambling marketplace.
Mark Hetherington
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I look after Process and projects
Stephane Savanah
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am pleased to contribute my technological expertise to this project.
Luke Lombe
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
ICO & Blockchain Strategy
Scott Wenkart
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I believe a major element in the video gaming ecosystem in the next decade will be the blockchain. Its security and accessibility will promote growth for new and existing audience.

Last News

4.16
positive
5.0 1
ICO-Profil Vision Aktivität Potenzial Produkt Mannschaft

PlayChip Reviews

cryptorated.com
review

Differentiation: The benefits of the platform are outlined in the whitepaper as follows:

– Larger user base
– Bigger prizes and better odds
– Incentivized user network
– Increased trust and transparency
– Reduced transaction fees

Target User Base: The platform is targeting the online gambling industry, focused mainly on sports betting. The global revenue for online gambling was under $25B in 2009 – that number is expected to exceed $56B this year.

The advantage of the platform from a feature and technology perspective when compared to potential competitors is indeterminate. However, the parent company and other organizations in its ecosystem have a considerable user base (according to claims made in the whitepaper).

Weiterlesen
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