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PlayChip PLA

Price $0.001136 USD

2.87%
PREMIUM
PlayChip has a TrustScore of A

The Universal Gaming Token

The PlayChip is an ERC20 token designed to become the universal gaming token. The PlayChip will serve at the core of an online gaming ecosystem that already consists of six platforms, with many more to come. The ecosystem supports a user base of over 900,000 people in over 70 different nations, and is on track to turn over a combined US$430m in 2018 alone.
  • Project TypeToken
  • Platform Ethereum
  • SymbolPLA
  • Circulating Supply14,009,105,693
  • Total SupplyNone specified
  • Max Supply50,000,000,000
  • Primary SectorGambling & Betting
  • JurisdictionAustralia
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Team

Verified
Daniel Simic photo

Daniel Simic

CEO

Daniel is the creator of several successful
enterprises in the technology, engineering, IT
and security sectors. Daniel has a passion
for innovation and is a very experienced
start-up entrepreneur. He is a strategic
thinker with strong team leadership qualities
and board management experience. His
previous experience includes working with
TopBetta, Social Figures, New Era Group,
Next Group and Honeywell.

Verified
Prashant Arora photo

Prashant Arora

CFO

Prashant is a very experienced
CFO with proven ability to create,
implement and monitor fnancial
models and fnancial controls.
Prashant has been involved
in several startup companies
which have credited their
success to Prashant’s stringent
fnancial management and
regulatory compliance. He has
previously worked with Corporate
Compliance, IC Technologies, New
Era Group and Next Group.

Verified
Andrew Parramore photo

Andrew Parramore

COO

Andrew is a proven leader in the
Software, Electronic Security
& Construction Industries. He
has extensive experience in
operations from startups, SME’s
and multinational organisations.
Andrew has been pivotal in
driving double digit growth
whilst implementing operational
excellence throughout multiple
organisations throughout his
career. His previous leadership
roles include positions at Fredon
Group, Kings Security, New Era
Group, Tyco/ADT, and Honeywell.

Mic Costa photo

Mic Costa

CTO

Michael is a tech startup expert
and a proven successful leader of
software development teams. He
has wide-ranging experience with
tech across various industries.
Extensive experience in online
sports platforms. He has previously
worked with TopBetta, Go Big
Media, Webvensure, Rocket
Industries and Wyeth/Pfzer

Ryan Bowman photo

Ryan Bowman

CMO

Ryan is a tech founder and sales
and marketing executive whose
previous startup, mConnect,
generated over US$650 million
in mobile billings and exited via
ASX listing within fve years. He
has previously worked with Optus,
iTouch, Mobileway, Sybase and
Sportopia.

Verified
Luke Lombe photo

Luke Lombe

Head of ICO and Blockchain

Luke possesses extensive international experience in Operations
Management, Blockchain, Business Development, Organizational Design,
Media & Entertainment, Marcomms, and everything Startup (Ideation to
Funding).

Verified
Liam Kirby photo

Liam Kirby

Content Manager

Liam combines his experience from working in positions in journalism, PR, IT and teaching in heading up our content team. Liam has a strong passion for blockchain technology, and the benefits and automation decentralised technology will bring in years to come.

Erik Harris photo

Erik Harris

Inbound Marketing Manager

Erik has a lengthy experience in social media engagement and marketing management, and is hugely passionate about cryptocurrency, surfing and playing the viola.

Sam Nelson photo

Sam Nelson

Digital Communities Manager

Sam is a social media and digital communities professional with a passion for continually building creative and engaging social content.

Peter Colley photo

Peter Colley

Technical Digital Commodities Consultant

Peter has a lengthy experience working in the IT industry, before leaving in 2017 to pursue his passionate interest in blockchain technology and cryptocurrencies. Peter joined PlayUp in 2018 to provide market insights and technical analysis

Developers

Mat Colman photo

Mat Colman

Lead Developer

Mat is the lead front-end developer at PlayUp, helping manage multiple platforms across the PlayChip ecosystem.

Advisors

Verified
Stef Savanah photo

Stef Savanah

Blockchain Advisor

Perhaps one of the world’s most experienced operators in the emerging feld
of blockchain, Dr Stef Savanah was co-inventor on 57 UK patent applications
during his brief 18 month tenure with nChain. Stef’s background includes
working in numerous felds including software development, health and
fnance.

Adam Weigold photo

Adam Weigold

Advisor

Quantum Physicist, Blockchain Strategist, Digital Currency Evangelist,
Entrepreneur and Startup Specialist, Adam is focused on the creation
and management of early stage technology businesses operating at
C-level, Directorial and Advisory roles.

Verified
Scott Wenkart photo

Scott Wenkart

Advisor

Scott is the founder and Managing Director of Showdown Media (Twitch),
the biggest eSports gaming platform in the world. Twitch is the dominant
social platform for the international eSports gaming community, seeing
over 100 million different users engage with the platform each month. Scott
brings with him his extensive experience in the eSports and gaming industry
as a whole.

Jesse Merl photo

Jesse Merl

Advisor

One of the biggest players in fantasy sports’ history, Jesse is the founder
and former CEO of Major League Fantasy, one of the biggest DFS platforms
in the USA. Jesse continues to be involved in the DFS space as well as
eSports, a platform PlayUp hopes to expand into.

Distribution

Platform Growth and Community Development12,500,000,000 PLA25.00%
PlayChip Foundation12,500,000,000 PLA25.00%
Public Sale12,500,000,000 PLA25.00%
Operational Incentives7,500,000,000 PLA15.00%
PlayChip Bet Float5,000,000,000 PLA10.00%

Milestones

Q1 2018ClassicBet, TopBetta, betting.club, Mad Bookie and Draftstars joins PlayChip Ecosystem, Partnership with three major NRL teams, Pre-ICO Commences
Q2 2018North America and Europe Roadshow, PlayChain Technical Design, PlayXchange Technology Selection
Q3 2018Asian Roadshow, PlayChain Integration with PlayXchange, PlayChain Integration with Gaming Platforms, Release of PlayWallet and PlayXchange, Listing of PlayChip on multiple exchanges (December 19th)
Q1 2019Integration of additional gaming platforms, IPO for PlayUp Ltd – Nasdaq & ASX, Full Social Network and Bet-following Integration, Development of Next-Gen Architecture
Q3 20193 million players worldwide

Questions and Answers

Why is your company going to succeed?
The short answer is that we are already successful. Our ecosystem currently consists of seven fully operational platforms (with more to be added in the coming months) that service more than 900,000 users in 70 different nations. This ecosystem is on track to surpass a turnover of $430 million in 2018 alone. We see the development of a decentralised token as a natural progression to meet the demands of a global industry, but one that has gone stagnant in terms of offering a truly global payment and rewards system. Out of all of our competitors we are the only token that will have the utility of being accepted in casino games, sports betting, horse racing, eSports and daily fantasy sports. Furthermore, we are the only ICO that will include an integrated wallet and exchange that will be fully integrated across all ecosystem platforms. This will provide a "one-stop-shop" for users to buy and sell the PlayChip, and provide a gentle introduction to crypto for the uninitiated, of which many of our current users are. It is important to make this fantastic new technology as accessible and understandable to new users as possible to allow for mass adoption. Also our revolutionary PlayWallet will securely store and protect user's KYC and payment information to allow full mobility across the entire ecosystem without being required to KYC for each site, as well as satisfy regulatory requirements from both a gaming and cryptocurrency regulatory standpoint.
Where did your team members meet originally?
The core of our team have been working together for PlayUp since 2016, and all have extensive experience in startups and online gaming.
What are the top five risks you see for your business?
As previously clarified, we are already a successful and established gaming ecosystem. We enjoy a fantastic reputation with consumers as well as regulatory bodies, where we cooperate with and operate in four different jurisdictions. The potential risks for the PlayChip are as they are for any other ICO. One is the potential strong regulation or even banning of cryptocurrencies by regulatory bodies, though we are of the opinion that this remains unlikely. We maintain our position of cooperating with authorities and translating our strong credibility from the gaming industry into the crypto world, and improving our transparency with further blockchain integration. Another potential risk is the collapse of the crypto market as a whole, as it is renowned for its volatility. However we see this as natural in a new, burgeoning industry. In time coin prices are likely to stabilise and growth will become more organic, and it is likely that the projects/tokens with the best use cases and utility value will be the ones to thrive. Another potential risk is security, however given the sensitive details we will be storing within the PlayWallet we are engaging with leading industry security experts to ensure that all users of the PlayChip can seamlessly engage with their PlayWallet and store PlayChips, personal information and other cryptocurrencies securely. We are considering adding a biometrics component to the PlayWallet also. Other potential risks could include the number of competitors in the gaming ICO market, but we feel with both the size of the industry and the scope of our offering that we are very well placed to compete and succeed in this space.
To invest in a token offering, visit the project's website (link in the overview tab)

Live token offerings

No live token offerings

Upcoming token offerings

No upcoming token offerings

Past token offerings

Name Started Ended
PlayChip ICO21 Nov 201828 Nov 2018
PlayChip01 Jun 201820 Nov 2018
PlayChip has a TrustScore of A
  • Team Members Verified Badge 8 of 27 Team Members Verified
  • Company Verified Company Verified
  • KYC Interview Conducted KYC Interview Conducted
93%
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A = Excellent <- this project
B = Good
C = Average
D = Below Average
E = Low
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