[ANN] Peerplays - First Ever Blockchain-Based Gaming Platform

[twostepsally]

Update

We published a Peerplays DAO proposal today.

Check out the DAO Discussion Forum: https://forum.daohub.org/t/proposal-peerplays-casino-gaming-sports-betting-on-the-blockchain/4246/1

If peerplays is connected with bitshares and the dao connected to eth, I dont think it will pass.

Question, is your proposal basically what is being offered currently? I believe it is. I dont know if the dao will upvote for a 5%stake. It was a well written proposal.

Being a dao holder, I would vote yes simply because of the eth network effect.

[coinhugger]

Update

We published a Peerplays DAO proposal today.

Check out the DAO Discussion Forum: https://forum.daohub.org/t/proposal-peerplays-casino-gaming-sports-betting-on-the-blockchain/4246/1

PeerPlays Team, congratz on your DAO proposal release today. I just read through it and it looks rock solid! Very impressed! Let's hope you get voted in.

[SwedishGirl]

Update

We published a Peerplays DAO proposal today.

Check out the DAO Discussion Forum: https://forum.daohub.org/t/proposal-peerplays-casino-gaming-sports-betting-on-the-blockchain/4246/1

It's great you took the time to submit this properly. If nothing else it's nice added publicity.

[favdesu]

Update

We published a Peerplays DAO proposal today.

Check out the DAO Discussion Forum: https://forum.daohub.org/t/proposal-peerplays-casino-gaming-sports-betting-on-the-blockchain/4246/1

It's great you took the time to submit this properly. If nothing else it's nice added publicity.

yep absolutely.

Posted on reddit, maybe you got time to answer questions there https://www.reddit.com/r/TheDao/comments/4m0bhi/peerplays_dao_proposal/

[nathalie20]

one token = 20 $ - how much is coins peerplays?

[MrWhiteBites]

Hey PeerPlay Team,

Am i right in thinking we can only buy 10 coins in one go?

So we have to make multiple purchases?

[Jocuserious]

Hey PeerPlay Tam,

Am i right in thinking we can only buy 10 coins in one go?

So we have to make multiple purchases?

There is an option to make the purchase that you want, in multiples of ten.  Input your desired coin total and click 'update'.

[MrWhiteBites]

Hey PeerPlay Tam,

Am i right in thinking we can only buy 10 coins in one go?

So we have to make multiple purchases?

There is an option to make the purchase that you want, in multiples of ten.  Input your desired coin total and click 'update'.

ah ha.. Thank you, found it :O)

[4theLOVEofCrypto]

one token = 20 $ - how much is coins peerplays?

$20 is for 10 tokens or $2 per on the first 100k tokens.  After those sell out, then the next 100k becomes $3 per token.

[gravitate]

I bough like 200 so far. Do you think you can make profit from the presale? I am buying to use actually as I like the idea of it. I would buy 10k if it was gonna be profitable.

[4theLOVEofCrypto]

I bough like 200 so far. Do you think you can make profit from the presale? I am buying to use actually as I like the idea of it. I would buy 10k if it was gonna be profitable.

200 bundles or total tokens?  I have like 700 tokens and continue to buy when i have funds.  I love the idea of profit sharing.  Passive income is the best kind and if they can really make a dent in the gaming sector, there is some real potential.  Ground floor right here!

[CryptoMrM]

Very interesting proposal.

I would be more inclined to invest if you were using the WAVES platform instead of BitShares.

However I would also note that, so far, the website and processes are not all that appealing.

Best of luck with it.

[gravitate]

I bough like 200 so far. Do you think you can make profit from the presale? I am buying to use actually as I like the idea of it. I would buy 10k if it was gonna be profitable.

200 bundles or total tokens?  I have like 700 tokens and continue to buy when i have funds.  I love the idea of profit sharing.  Passive income is the best kind and if they can really make a dent in the gaming sector, there is some real potential.  Ground floor right here!

tokens,
Hmm maybe I missed the passive income part? You get paid back profit of sorts? Dont get me wrong I am interested in it but there muct be $$$ potential too to invest. What potential do you see?

[4theLOVEofCrypto]

I bough like 200 so far. Do you think you can make profit from the presale? I am buying to use actually as I like the idea of it. I would buy 10k if it was gonna be profitable.

200 bundles or total tokens?  I have like 700 tokens and continue to buy when i have funds.  I love the idea of profit sharing.  Passive income is the best kind and if they can really make a dent in the gaming sector, there is some real potential.  Ground floor right here!

tokens,
Hmm maybe I missed the passive income part? You get paid back profit of sorts? Dont get me wrong I am interested in it but there muct be $$$ potential too to invest. What potential do you see?

That is my understanding and I'm sure @BunkerChainLabs can elaborate.  

Potential to make money from the profit sharing (daily revenue) as well as trading tokens.  Remeber that there are only 1 million.  No additional and no inflation.  This is a long term play.  It doesn't go live until Nov so you take a huge risk and tie up your funds for a while.  But the market cap is tiny starting out and a few right moves could impact the marketcap pretty substantially.  Think about it.  Only a $10 million marketcap gives these tokens a $10 per value.  

[favdesu]

I bough like 200 so far. Do you think you can make profit from the presale? I am buying to use actually as I like the idea of it. I would buy 10k if it was gonna be profitable.

200 bundles or total tokens?  I have like 700 tokens and continue to buy when i have funds.  I love the idea of profit sharing.  Passive income is the best kind and if they can really make a dent in the gaming sector, there is some real potential.  Ground floor right here!

tokens,
Hmm maybe I missed the passive income part? You get paid back profit of sorts? Dont get me wrong I am interested in it but there muct be $$$ potential too to invest. What potential do you see?

you get part of the daily revenue from gambling. (in many crypto currencies)

[CryptoPrometheus]

I bough like 200 so far. Do you think you can make profit from the presale? I am buying to use actually as I like the idea of it. I would buy 10k if it was gonna be profitable.

200 bundles or total tokens?  I have like 700 tokens and continue to buy when i have funds.  I love the idea of profit sharing.  Passive income is the best kind and if they can really make a dent in the gaming sector, there is some real potential.  Ground floor right here!

tokens,
Hmm maybe I missed the passive income part? You get paid back profit of sorts? Dont get me wrong I am interested in it but there muct be $$$ potential too to invest. What potential do you see?

That is my understanding and I'm sure @BunkerChainLabs can elaborate.  

Potential to make money from the profit sharing as well as trading tokens.  Remeber that there are only 1 million.  No additional and no inflation.  This is a long term play.  It doesn't go live until Nov so you take a huge risk and tie up your funds for a while.  But the market cap is tiny starting out and a few right moves could impact the marketcap pretty substantially.  Think about it.  Only a $10 million marketcap gives these tokens a $10 per value.  

I can further elaborate:

First, the Peerplays blockchain is different than most other blockchains you may be used to. All Peerplays users must register an account name on the blockchain, which is where their balances are kept. This makes it more intuitive to use, rather than users having to send funds to a long string of random letters and numbers.

Now, every time someone places a wager and plays a game on Peerplays, their funds are locked up by a smart contract. Part of the funds are deducted as a fee, and the rest are released to the winner of the game. The fees all go into a "profit sharing" virtual account which is controlled by another smart contract which distributes all the contents of this virtual account (at regular intervals) into the individual accounts which are holding Peerplays core tokens. This distribution is done according to the percentage held by each, just like a company would distribute earnings to shareholders as dividends.

Peerplays core tokens can be used for wagering, but also Gateway tokens for other crypotocurrencies like BTC and ETH, as well as fiat gateway tokens can be used for wagering. This means that profit sharing payouts will take the form of many different cryptocurrency tokens, each of which can traded on the internal DEX (see www.freedomledger.com for an example of the DEX technology Peerplays is using), or transferred to an external Exchange which supports them.

Peerplays core tokens will therefore have an intrinsic value beyond just the purely speculative value that every other crypto token has at this time. Anyone who holds Peerplays will get a portion of the gambling revenues earned by the network. Just as an analogy, you might think of it like purchasing shares in an online casino, only there is no centralized authority who is in charge of distributing the profits to the shareholders - it is all done trustlessly by the blockchain.

[CryptoPrometheus]

Very interesting proposal.

I would be more inclined to invest if you were using the WAVES platform instead of BitShares.

However I would also note that, so far, the website and processes are not all that appealing.

Best of luck with it.

Just to clarify, Peerplays is built on Graphene, not BitShares. Graphene is the consensus technology on which BitShares is also built.

According to the whitepaper, Waves is being built upon the Proof-of-stake protocol used by NXT. Aside from various incompatibilities at a technical level, the NXT protocol has nowhere near the block confirmation speed or throughput capacity to handle the features that Peerplays is assembling.

Also, Graphene is already fully developed and proven. If you like, go to www.freedomledger.com and check out the BitShares platform and see an example of this technology at work. Point by point and quite literally, every single feature that Waves hopes to accomplish (according to their whitepaper) has already been achieved and is fully operational on Graphene. I do not say this to "put down" the Waves project in any way, I am just stating simple fact. Graphene is not an easy technology for most people to to wrap their minds around, and it is quite understandable if you have not yet done this comparison yourself. By way of courtesy, if you tell me exactly what you believe Waves could do for Peerplays that Graphene cannot, I can try to help to clarify the details for you.

[tempestb]

Various other gambling services exist on the net, that utilize provable fair betting.  This is not new.  And these services aren't rolling in cash.  While the market for professional, highly marketed, casinos likely do make a lot of money, I see little incentive for them to switch their systems to PP.  You may have a better system, but you're taking money off the top, so for a casino operator, your solution offers negatives rather than positives, since you would be cutting into their profits.

How do you market this technology so that casinos will want to adopt it?  If their system already works fine for them, and their audience sees that it is fair, what is the difference that PP is going to give them that makes them want to switch?  Switching back-end technologies is surely painful for these operators.  I don't see anyone lining up to do this, so they can share their profits with the world.  Probably be a book keeping nightmare come tax time.

[coinhugger]

Very interesting proposal.

I would be more inclined to invest if you were using the WAVES platform instead of BitShares.

However I would also note that, so far, the website and processes are not all that appealing.

Best of luck with it.

Just to clarify, Peerplays is built on Graphene, not BitShares. Graphene is the consensus technology on which BitShares is also built.

According to the whitepaper, Waves is being built upon the Proof-of-stake protocol used by NXT. Aside from various incompatibilities at a technical level, the NXT protocol has nowhere near the block confirmation speed or throughput capacity to handle the features that Peerplays is assembling.

Also, Graphene is already fully developed and proven. If you like, go to www.freedomledger.com and check out the BitShares platform and see an example of this technology at work. Point by point and quite literally, every single feature that Waves hopes to accomplish (according to their whitepaper) has already been achieved and is fully operational on Graphene. I do not say this to "put down" the Waves project in any way, I am just stating simple fact. Graphene is not an easy technology for most people to to wrap their minds around, and it is quite understandable if you have not yet done this comparison yourself. By way of courtesy, if you tell me exactly what you believe Waves could do for Peerplays that Graphene cannot, I can try to help to clarify the details for you.

CryptoPrometheus, thank you for that clarification, good to hear how powerful the Graphene consensus platform is and that it's fully developed and proven to work.

PeerPlays is my favorite place to invest in right now.

[CryptoPrometheus]

Various other gambling services exist on the net, that utilize provable fair betting.  This is not new.  And these services aren't rolling in cash.  While the market for professional, highly marketed, casinos likely do make a lot of money, I see little incentive for them to switch their systems to PP.  You may have a better system, but you're taking money off the top, so for a casino operator, your solution offers negatives rather than positives, since you would be cutting into their profits.

How do you market this technology so that casinos will want to adopt it?  If their system already works fine for them, and their audience sees that it is fair, what is the difference that PP is going to give them that makes them want to switch?  Switching back-end technologies is surely painful for these operators.  I don't see anyone lining up to do this, so they can share their profits with the world.  Probably be a book keeping nightmare come tax time.

Thank you, those are good questions.

The Peerplays network has two different gaming models- trustless "on-chain" gaming, in which games are programmed directly into the native blockchain code, and "server-side" gaming, on which games can be played on hosted servers.

Peerplays is not trying to get existing casinos to switch their back-end. Casino card games will be programmed directly into the native blockchain code, so there is no need for any 3rd party service at all. Actually, Peerplays will be directly competing against these casinos. Because of this, the question should be asked "What will Peerplays offer users that existing casinos cannot?" One a glaringly obvious answer is that players can keep 100% of their winnings in a cryptographically secured account which cannot be accessed by any outside agency or authority. I will leave it to the reader to analyze the implications of this statement.

For server-side gaming, the option for adding Peerplays to the back-end will appeal mostly to existing gaming websites that do not currently offer wagering. Peerplays will allow them to outsource the liability for operating a gambling server, because no wagering would actually be happening on their server, but rather across a distributed network with nodes around the world. Essentially, Peerplays server-side model allows players to register and wager on a game, and elect a 3rd party (the gaming company) to report the winner to Peerplays. Another example for third party integration is existing eSports gaming websites, who can simply add Peerplays as a wagering option for their users by integrating with Peerplays through the blockchain API, offering their users the same benefits as addressed in the paragraph above.

Fees charged by Peerplays for server-side gaming will be set at a competitive rate to reflect the value of the service that Peerplays is providing to the hosting company - namely the ability to outsource the wager payment processing and the tournament management and bracketing. These companies will naturally be able to charge their own fee (built into the blockchain contract) for playing their games, offsetting whatever minor fee they are charged by Peerplays and creating a net gain for them.

Finally something we have not yet discussed in detail is Sports Betting. Here is a quick preview, from the DAO proposal we published yesterday:

"For sports “bookmaking”, on-chain smart contracts automate the entire process, but to settle a particular book or bracket the bracket creator must pre-select a neutral 3rd party (a specialized business, a multi-sig consortium, or even a chosen friend in a private fantasy
league) to publish accurate game and player statistics to the blockchain."

The implications of this are quite staggering. Peerplays will make the publishing of accurate statistics a business opportunity in and of itself. In this case, the notion of needing 100% decentralized oracles for this task would be overkill. Because of free market competition, centralized businesses are perfectly capable of handling this, and there are plenty of safeguard measures if you want more security, like taking the median of [ x ] number of feeds, or simply choosing a service that offers "insurance" in the event of accidental mis-published information. What this means, in a nutshell, is that in addition to everything else, Peerplays will be able to tap the single largest source of gambling revenue in the world - sports betting.