PLAYHALL is a decentralized multi-crypto currency payment platform designed for intellectual gaming mobile games. The platform accords players the opportunity to demonstrate their expertise in PvP matches, take part in international tournaments as well as custom contests organized by other players.
PROS:
- The platform features popular multiplayer intellectual games and enable gamers from across the globe not only to compete with each other but also to win common PHTs and cryptocurrencies.
- New games will be added to the platform regularly hence the platform is bound to realize a rapid increase in the number of active gamers. This will increase its popularity as well as use of PHP tokens in the platform.
- Players from various parts of the world get a handy tool with which they can used to compete in their preferred skill games and utilize their expertise, erudition and reaction to in high-liquidity Play Hall tokens.
- Play Hall will organize various decentralized tournaments and winners of such contests will take 90 % of the prizes. A half of the remaining 10 % will go to the game developer ensuring that both the developers and winners benefit from the platform.
- Gamers are also allowed to buy PHTs quickly and effortlessly on the platform using either popular cryptocurrency or fiat money.
- Instead of a trustee third who in conventional online gaming record results, Play Hall uses a code which is run by a system of smart contracts. There is, therefore, no risk of dishonest and fraud typical of traditional online gaming.
- The platform security is high-tech thanks to transparent, consistent and cryptographic verifiability of the system used for automation procedures. With such a secure system, Play Hall boasts of an ecosystem that is fair for all the stakeholders.
- When a user registers for an account, the wallet is automatically created. With the wallet, a user is able to do a lot including view the balance for PHP token, transfer funds to other users and buy, sell or even exchange crypto assets.
CONS:
- The exchange rate when using fiat money is 10 % above that on the market. Part of this amount will however go to regular price tournaments.
- Lack of a trusted third party, while it comes with many benefits can eliminate a human arbitration process which can be helpful is special cases.
- The platform focuses on intellectual online gaming and as such does not cater for the interest of individuals who are not fancy such games.
SUGGESTIONS:
- Reduce the exchange rate so that it forms a small fraction of amount being exchanged.
- Introduce a trusted third party who will only be engaged during special cases for arbitration purposes.
- Diversify the platform to cater for the needs of all online gaming players.
