PlayChip PlayChip

Casino & Gambling Cryptocurrency Entertainment Sports
PlayChip will deliver the worlds first fully-integrated, blockchain enabled global fantasy sports, online sports betting and gaming ecosystem. Underpinning its ecosystem, is the PlayChip Utility Token – a gaming token built on the Ethereum blockchain, specifically designed for use as a universal payment and rewards system for gaming and wagering.

The PlayChip will form the foundation to facilitate the decentralisation of our existing partner platforms and allow sports fans to connect, compete and collect, irrespective of their location.
Details
General
Country
Australia
Website
Whitepaper
Token info
Token
PLA
Available for sale
12500000000 PLA
Financial
ICO price
1 PLA = 0.01 USD
Accepting
BTC, ETH, USD
Softcap
10000000 USD
Hardcap
90000000 USD
Distributed
50 %
Minimum
1 USD
About
The PlayChip is set to become the universal token for sports betting, gaming, fantasy sports, and eSports in an operating business with over 900,000 players on seven platforms in 70 countries.
PlayChip’s mission is to deliver the world’s biggest incentivised, blockchain-enabled sports community and gaming ecosystem.
The PlayChip is set to disrupt the US$3 trillion unregulated gambling industry by providing unparalleled trust and transparency, ease of use, lower fees, and provably fair betting environments. The introduction of the blockchain will see the PlayChip offer a superior experience to traditional sports betting systems.
Daily Fantasy Sports (DFS), eSports, and online gambling are flourishing industries. The DFS industry enjoys a steady US$4bn annual turnover while global online gambling turnovers are forecasted to exceed US$59bn in 2020. Global gambling turnovers are estimated to be as high as US$3 trillion in unregulated markets.
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 seven 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 seven 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.
Team
Scott Wenkart
Advisor
Luke Lombe
Head of Corporate Communications
Stephane Savanah
Blockchain Advisor
Adam Weigold
ADVISOR
Jamie Mackay
ADVISOR
Dean Richards
ADVISOR
Richard Johnson
SOFTWARE DEVELOPER
Emmett O'donnell
BUSINESS ANALYST
Scott Simic
OPERATIONS
Sepehr Hosseini
SOFTWARE DEVELOPER
Samantha Mendoza
HEAD OF CUSTOMER CARE
Rick Hanson
CRM SPECIALIST
Reginold John
DIGITAL DESIGNER
Pritesh Patel
CUSTOMER SERVICE
Pranav Kumar
COMPLIANCE MANAGER
Nishant Arora
FINANCE MANAGER
Matt Colman
FRONT END DEVELOPER
Marcio Toledo
FULL STACK DEVELOPER
Kynan Mayne
COMMUNICATIONS MANAGER
Jason Zhang
BACK END DEVELOPER
David Walsh
FRONT END DEVELOPER
Chris Trengrove
DIGITAL DESIGNER
Ryan Bowman
CMO
Prashant Arora
CFO
Michael Costa
CTO
Richard Sapsford
DIRECTOR (NON-EXECUTIVE)
Daniel Simic
CEO
Milestones
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)
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
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