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.
ClassicBet, TopBetta, betting.club, Mad Bookie and Draftstars joins PlayChip Ecosystem, Partnership with three major NRL teams, Pre-ICO Commences
North America and Europe Roadshow, PlayChain Technical Design, PlayXchange Technology Selection
Asian Roadshow, PlayChain Integration with PlayXchange, PlayChain Integration with Gaming Platforms, Release of PlayWallet and PlayXchange, Listing of PlayChip on multiple exchanges (December 19th)
Integration of additional gaming platforms, IPO for PlayUp Ltd – Nasdaq & ASX, Full Social Network and Bet-following Integration, Development of Next-Gen Architecture
3 million players worldwide
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.
The core of our team have been working together for PlayUp since 2016, and all have extensive experience in startups and online gaming.
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.