https://bitcoinist.com/reverse-icos-a-better-alternative/While 2017 was a great year in terms of ideas for the marketplace, 2018 and beyond will be about real world adoption. Real businesses with existing revenue streams will be the most successful in bringing their projects to market.
Existing, licensed business are able to accept fiat in raising capital for their ICO and give the crypto world more of a 'regular' feel to newbies unfamiliar with the technology and benefits it will bring.
The PlayChip is an example of a reverse ICO, where an existing ecosystem of gaming platforms will accept the ERC20 as their gaming currency of choice. The built in functionality of the PlayWallet and PlayXchange will provide a "one-stop-shop" where users of the PlayChip can instantly convert their tokens into fiat or other cryptocurrencies. With six current platforms signed on to integrate the token, and more to be announced, the PlayChip holds genuine utility value where genuine existing market demand will determine it's value.
The ecosystem has a current user base of over 500,000 in 70 different nations, with a combined turnover exceeding $430 million.
The PlayChip recently won the "Draper Hero's Choice Award" at the Blockchain Economic Forum in San Francisco, and has been featured on CNBC's 'Crypto Trader'.
Crypto Trader:
https://www.youtube.com/watch?v=4jaR98hrinE&list=PLlKWLokf7uuRcV94GZSv1S2u97kNBeiEW&t=68s&index=2 Blockchain Expo Europe Presentation:
https://www.youtube.com/watch?v=CtI1taCX4sI&index=2&list=PLlKWLokf7uuRcV94GZSv1S2u97kNBeiEWMore information can be found at the ICO page -
www.playchip.globalFeel free to post any questions and comments you may have here