Review PlayGame

PlayGame Token (PXG) will leverage on the Ethereum blockchain, the industry standard for issuing custom digital assets and smart contracts. As an ERC-20 token, PXG will be compatible with the existing Ethereum infrastructure, such as development tools, wallets, and exchanges. The Ethereum Virtual Machine (EVM) allows the deployment and execution of smart contracts, enabling complex issuance rules for crypto-currencies and automation of incentive structures. EVM eliminates any question of trust and protects the transacting parties against fraud. These powerful features and the dynamic ecosystem makes Ethereum a strong fit for PXG and would result in quick adoption by game developers and gamers. In later phases, game developers and publishers will be provided with open-sourced plug-ins and software development kits (SDKs), so that they can build games outside of the PlayGame website/Web Store. The transparency provided is in-lieu with our Mission statement.

We want players to be confident that all games on our platform are not rigged and our game developers to have the assurance that payment is fair and transparent. Ownership data will be securely kept on the blockchain, with smart contracts safeguarding against fraud. Game publishers or third-party tool developers need to campaign and win votes from PXG holders, making game selection decentralized and promoting innovation.

PlayGame Token Utility:

For Game Developers

Game developers can use the tokens to get their games listed “green-lit” on the platform through the voting system. They could reward the players who supported them with PXG. Game developers would get paid in PXG which is fair and transparent.

For Gamers – Crypto Enthusiasts

Gamers will use their PXG to vote in a decentralized and transparent platform to get the work of their favorite game developer(s) listed on the platform. Gamers have an opportunity to increase the value of their PXG holdings by playing games

For Advertisers in-game

CPM, CPI, CPC are never transparent as recorded clicks and impressions for advertisers are highly inaccurate. Utilizing the power of blockchain, we want to create a transparent environment for advertisers.

For Token issuers

We will also work with Cryptocurrency and token issuers, to make the holding of other coins beneficial. For example, holding a certain number of a particular coin (10,000 TEN) will allow you to get additional benefits in the competition.

Business Model

In PlayGame.com, gamers (crypto traders) must “insert” a certain amount of PXG to participate and play in a time-exclusive gaming event.

For example:

1) We have 1000 players aiming to join and play a game of SUDOKU for a 24-hour period. Each player would have to deposit 1 PXG to participate.

2) The game “room” would have 1000 players competing in the 24-hour period and 1000. We have 1000 players on the game “room”, competing for a limited amount of time (24 hours) and a pool of 1000 PXG. PlayGame.com will take 5% of the 1000 PXG to be divided with game developers at a 90% - 10% rate favoring the developers. 50PXG will be taken out of the “room” and 5 PXG (10%)

will go to Playgame.com as maintenance and administrative fee, and 45 PXG (90%) will go as payment to Game developers. 950 PXG will be the prize pool for gamers.

3) They will play and compete for high scores and scores will be reflected as leaderboard for the next 24 hours on the SUDOKU Game. The prize is not fixed but an example could be: No 1 will get 100 PXG, 2-10 will get 50 PXG each and the remaining players will share 400 PXG, which means = 400/900 players = 0.44 PXG per players who does not reach the top 10 leaderboards.

The rules and numerals have not been finalized and the above example is just to illustrate the business model of how it will work in the platform.