PlayChip ICO Discussion

[PlayChip]

On behalf of PlayUp, it is great pleasure to welcome you and share with you our global vision and revolutionary methods to disrupt and solve many problems in the online gambling sector.


About PlayUp :

PlayUp is a fully operational global sports and licensed interactive gambling platform enjoyed by over 250,000 users around the world. We currently employ 17 full-time employees in Sydney, with satellite operations in Hong Kong. Our team is passionate about building the world’s largest community of interactive sports fans- and we are well on our way to doing just that.

PlayUp's ecosystem is undermined by live sports peer to peer pool based challenges, sports betting and traditional gambling offerings. The user experience is uniquely packaged with social interaction, decentralised Blockchain control and community belonging.


What we do:

The PlayUp platform hosts a suite of innovative online daily fantasy sports and sports betting products. Traditional gaming products are also available on PlayUp, ensuring clients are provided with a turnkey solution for their entertainment needs without ever having to leave the PlayUp platform.

Methods of entry or participation will range from free to play, pay by cash and pay by cryptocurrency.

Our model:

PlayUp has implemented a business model based on “freemium” to “Premium” transition. The journey starts with PlayUp attracting the attention of digitally connected sports fans via marketing and promotion. Users enter free-to-play offerings and then are incentivised to transition to pay-to-play services, such as paid entry challenges and wagering.

Compliance:

PlayUp is actively engaged in delivering our products in 4 key territories. We currently operate a gambling license in Australia, a wagering market recognised as one of the most mature and regulated in the world. We apply industry leading practices and systems to deliver consumer protections, including “know-your-customer” (KYC), account verification, underage screening, responsible gambling practices and anti-money laundering (AML) checks.

PlayUp is in the process of acquiring real money gambling and fantasy sports licences in several key territories including the UK, Europe and the USA. As an already licensed operator, we will only need to make marginal adjustments to our existing compliance and operational processes to begin operating in any new jurisdiction.


PlayChip:

With the introduction of the PlayChip (PLA) we will deliver the world’s first fully-integrated and Blockchain enabled global fantasy sports and online sports betting platform for our digitally connected users to connect, compete, bet and win. The creation of the PlayChip token is the first step towards the PlayUp Platform operating with a decentralised blockchain, utilising a global utility token.

We hope you share our vision and our passion to succeed in a Global Arena.

Please feel free to open lines of communication through this Page or furthermore you can email media@playup.com


 

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[systemist]

Got my tokens for 50% discount! This is huge.

[2bfree]

I got some at 50% as well. When will the token sale end?

[soixantedix]

Ha. PlayChip ICO takes out the ‘Draper Hero’s Choice Award’ at San Francisco Blockchain economic forum. Seems legit https://www.newsbtc.com/2018/06/21/playchip-ico-takes-draper-heros-choice-award-san-francisco-blockchain-economic-forum/

[simplelove]

ICO Analysis: PlayChip
Published on June 26, 2018
By Gerelyn Terzo

Team
The PlayChip management team boasts more than three decades of combined experience across interactive gaming and global online businesses including listings on the Australian Stock Exchange. With offices across Sydney, London, New York and Hong Kong, PlayUp employs more than three-dozen full-time staff.
Daniel Simic is the CEO.
Michael Costa is the CTO.
They’ve also engaged a seasoned team of advisors spanning the sports and blockchain arenas, which should serve them well. Major League Fantasy Founder Jesse Merl is among the advisors, as well as Echelon One Founder Luke Lombe and IT Consultant Stephane Savanah, among others.
Verdict
PlayChip has a certain appeal, one whose components sports betters are sure to appreciate, particularly those in the blockchain community. The more deals they can ink, the better their chances for creating a universal sports-betting token. The pre-ICO is currently unfolding, and the public crowdsale is only expected to be a two-day event in August. As a result, if you’re interested in this project, you will have to act quickly to be part of this ICO.
Risks
    PlayChip says in its white paper: “Changes in the PlayChip valuation may influence the value of winnings and support growth of the PlayChip economy.” Considering the volatility that is inherent in the cryptocurrency market, the PlayChip valuation could indeed influence the value of the winnings in either direction — higher or lower. (-1)
    Combining two industries whose very future is dependent on the jurisdictional regulation in place — sports betting and cryptocurrency trading — is a lot like playing with matches. It could either ignite a firestorm or go down in flames. PlayChip points to a recent decision in the U.S. that lets states legalize sports betting. While on the face of it this is a positive development for PlayChip, the ruling is in juxtaposition to the desires of the NFL. (-2.5)
Growth Opportunity
    Recipient of the “Draper’s Hero Choice Award”, which is the namesake of billionaire venture capitalist and cryptocurrency advocate Tim Draper. The award, which was presented by the San Francisco Blockchain Economic Forum, reflects the ICO with the most promise. +3
    A current user base of more than 500,000 across 70 countries. Playchip has also inked partnerships with the likes of Draftstars, ToppBetta, ClassicBet, MadBookie.com.au and PlayUp. $430 million in annual turnover. +4
    Listings on the No. 9 cryptocurrency exchange based on trading volume HitBTC and LATOKEN, which is among the top 65 exchanges, scheduled for August 23. +3.5
Disposition
We arrive at a score of 7 out of 10 for the PlayChip ICO.
Investment Details
    Token Type: Utility
    Platform:  PlayChain, an off-chain internal platform that PlayChip’s partners are required to integrate
    Symbol: PLA
    Pre-ICO: June 1 – July 26
    Public Token Sale: August 8-9
    Token Supply: 50 billion
    Tokens Available for Sale: 12.5 billion
    Price: $0.01
    Maximum Purchase: US$50,000
    Payment Methods: USD, AUD, VISA/Mastercard, ETH and BTC
    Jurisdictions Banned: Seemingly China, where PlayChip’s services are banned
    Contact: ICO@PlayUp.com
Proof: https://hacked.com/ico-analysis-playchip/

7 out of 10 !!!

[SShikakAA]

Hey! We have briefly studied your project and offer you our services, including the SWOT analysis of your project, basic or deep evaluation of the ICO and all project's aspects and assistance in road shows organization, including private meetings with investors. The good news is that we have discounts for all our services till the end of July.

Regards, Digital Rating Agency team

[PlayUp]

On behalf of the PlayChip Foundation, it is great pleasure to welcome you and share with you our global vision and revolutionary methods to disrupt and solve many problems in the online gambling sector.


About the PlayChip :

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 500,000 people in over 70 different nations, and is on track to turn over a combined US$430m in 2018 alone.



What we do:

The PlayChip is set to become the universal token for sports betting, gaming, fantasy sports, and eSports in an operating business with over 500,000 players on six 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 turnover1 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 six independent sports betting, DFS, and gaming platforms with a combined user base of over 500,000 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 six 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.

[PlayUp]

In order to be eligible to receive the PlayChip bounty applicants must create an account on our token sale page - www.playchip.global

BOUNTY REWARDS

The PlayChip Bounty Reward is an excellent way to get more PlayChip tokens directly into your account. Today, these are the ways to earn rewards, as set out below and there are more to come.

TELEGRAM

200 PLAYCHIPS
Join our telegram and Introduce Yourself

VERIFY
Steps
Join PlayChip Telegram - https://t.me/PlayChipTokenSale
Introduce yourself to the PlayChip Group
Requirements
Limited to one post
Telegram @USERNAME ONLY required
Any negative or mentioning Bounty or Airdrop will be rejected
Once verified, your account will be credited

TWITTER

200 PLAYCHIPS
Follow PlayChip and Tweet a Post

VERIFY
Steps
Join PlayChip Twitter https://twitter.com/teamplayup
Post below message on your own twitter
"The PlayChip™ is the universal gaming token for the gaming, fantasy sports, and sports betting industry. Check @teamplayup out https://www.playchip.global/ "
Requirements
Limited to one post
Twitter @USERNAME ONLY required
Any negative or mentioning Bounty or Airdrop will be rejected
Must post EXACT message provided
Your account must be public and have at least 100 authentic friends.
Fake, dead, inactive, and bot accounts will not be qualified.
Post must be public and cannot be deleted
Once verified, your account will be credited

FACEBOOK

200 PLAYCHIPS
Follow PlayChip Facebook and Post on Your Timeline

VERIFY
Steps
Join PlayChip Facebook https://www.facebook.com/PlayChipFoundation/
Post below message on your own Facebook
"The PlayChip™ is the universal gaming token for the gaming, fantasy sports, and sports betting industry. Check them out: https://www.playchip.global/ "
Requirements
Limited to one post
MUST Provide the post URL
Any negative or mentioning Bounty or Airdrop will be rejected
Your account must be public and have at least 100 authentic friends.
Fake, dead, inactive, and bot accounts will not be qualified.
Post must be public and cannot be deleted
Once verified, your account will be credited

YOUTUBE

200 PLAYCHIPS
Youtube Subscribe and Watch, Like, Comment

VERIFY
Steps
Subscribe to PlayChip Youtube Chanel: https://[Suspicious link removed]/fY52YV
Watch, Like and Comment on all videos
Requirements
MUST Provide your CORRECT Youtube username
Any negative or mentioning Bounty or Airdrop will be rejected
Fake, dead, inactive, and bot accounts will not be qualified.
Post must be public and cannot be deleted
Once verified, your account will be credited

[PlayChip]

Hey guys, PlayChip ICO is still running, we have updated our structure to extend bonuses for pre-purchasing tokens.

You can follow us on social media at any of the following URLs:

Telegram - https://t.me/PlayChipTokenSale
Twitter - https://twitter.com/teamplayup
Medium - https://medium.com/playchip
Youtube - https://https//www.youtube.com/channel/UCdW_kdp_8c2jotPE9mbGYmg

[PlayChip]

Drop by the Medium blog and check out the article on our successful pitch at the San Francisco Blockchain Economic Forums which saw the PlayChip ICO being awarded the 'Tim Draper Hero’s Choice Award'.

PlayChip ICO Awarded Draper Hero’s Choice Award

[captin crunch]

Interesting project! I would like to see it  rated at www.icoguide.com it is interesting to see their opinion.

P.S. this topic should be more likely in announcements!

[Nikolas_the_Wonderworker]

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.
Very interesting project, I plan to invest here in the near future.

[kubori102]

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.

[dennisch123]

75% for the team one way or another to fund costs

25% publicly for sale.

There is something very WRONG with this picture.

You should fund your costs with the amount you raised.

Now everyone can wait till you start to dump your share of SEVENTY FIVE percent.

[PlayChip]

75% for the team one way or another to fund costs

25% publicly for sale.

There is something very WRONG with this picture.

You should fund your costs with the amount you raised.

Now everyone can wait till you start to dump your share of SEVENTY FIVE percent.

Hi Dennis - appreciate your comments here. However you clearly didn't read the Token Offering Document which explains how these numbers will be dissected.

Allow me to fill you in a little more to explain this split.

Indeed, 25% of the Tokens will be sold to the public. However - I am absolutely stumped as to where you read that 75% of the money raised is to "fund costs"?? A quick look at our website would have shown you that we are an existing online gaming ecosystem with no need to do such a thing.

A further 50% will be granted to the operational partners of the PlayChip. This can further be disseminated into "Platform Growth and Community Development" (25%), to seed economies and prize pools of platforms within our ecosystem. The PlayChip Bet Float (10%) will be used to manage bets and mitigate risk, and Operational Incentives (15%) will be put towards suppliers, affiliates, founders, advisors, staff and charity. Further explanation on this can be found on page 28 of our Token Offering Document.

All of these PlayChips will be released to the operational partners over a three year period under strict escrow conditions from the PlayChip Foundation, where certain business and user criteria must be met to be granted a further share. Remember also that we have many online gaming platforms seeking to integrate our token, and plan to announce more in the near future.

The final 25% will be reserved for the PlayChip Foundation itself, which is tasked with the future growth of the ecosystem. These tokens will remain under escrow for a minimum of 12 months, and require multiple signatures and conditions to guarantee their release.

I imagine that you are not aware that we are an existing business with seven fully operational platforms ready to integrate the PlayChip, PlayChain, PlayWallet and PlayXchange into their operations. Though we are of course interested in the value of the PlayChip growing over time, that is secondary to our prime objective of growing the PlayChip Ecosystem and thus the utility value of the token. Under no circumstances do we have any interest of "dumping our share" or anything of the sort. A brief two minutes of due diligence on your part would have shown our history and experience in the online gaming space, and the lunacy and improbability of us dumping our own currency, ruining not only our credibility but our future business prospects.

Regardless, we have these escrow conditions in place to show to our supporters that we are dedicated to the long term prospects of the PlayChip Ecosystem. The blockchain revolution is only in it's infancy - we seek to become the Universal Gaming Token and remain a major operator in this space for many years to come.

[JimmyNg90]

You can create a [ANN] thread in Announcements (Altcoins), provide fully the information and link to this thread for discussion. This will get more attention.

[Salesin]

MVP looks great, professional and I love the IX and UX as well. I hope the team should do a thorough research to see what need to be avoided to make your project a competitive one. Good luck to your project.

[PlayChip]

Thanks everyone for your comments. We are busy trying to get our member level up on BitcoinTalk to deliver a proper ANN thread with pictures!

Appreciate the feedback - we will be releasing an exciting bounty soon!

[andrejka]

Thanks everyone for your comments. We are busy trying to get our member level up on BitcoinTalk to deliver a proper ANN thread with pictures!

Appreciate the feedback - we will be releasing an exciting bounty soon!

Great project! Saw your ad in CryptoCompare newsletter. I would absolutely participate in your ICO. Fortunately there is still time to do it)) Waiting for your official thread here on BTT! I wonder if you will hold any bounty campaign or an airdrop?

[icohunter1024]

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.