PlayChip ICO (PLA)
The Universal Gaming Token
Start Date
01 Jun, 2018
End Date
30 Nov, 2018
PlayChip Score Analysis
PlayChip Global is a company with a functioning and popular platform, aiming to capitalise on the large online sports-based betting and gaming markets with their crypto. PlayChip has multiple partners ready to implement the chip, and have completed thorough research on their market and competitors. The CEO, CTO and development team are experienced, as is the blockchain developer; however, the CTO’s previous experience could not be verified. Their blockchain is scheduled to undergo beta testing in Q4 2018, followed by integration with their current platforms. As there is an experienced team, multiple partnerships, a functioning company and platform and technical plans, the product’s realizability appears high. However, their github is badly maintained. The marketing team is experienced, with good marketing efforts, but the response from the cryptocommunity has been low. We did find other issues - particularly, the hard cap being 9 times the soft cap and a lack of cryptocurrency regulation discussion, as well as no confirmation of the project’s founder in documentation. Additionally, we could not verify all of the partnerships, there was no legal entity within the team, and we could not find a smart contract online.
PlayChip Use of Token
PLA is PlayChip's native token. PLA is an Ethereum based ERC20 token. 12.5 billion PLA tokens will be offered for sale via the ICO, which correspond to 50% of the total token supply. PLA represents a universal system for payments and rewards on the platform. PLA tokens can be used for placing bets, wagering, and gaming.
Organization
PlayUp Limited
Platform
Ethereum
Coin type
Utility Token
Category
Gaming
Soft cap
10,000,000
Max cap
90,000,000
Max supply
12,500,000,000 PLA
Price
0.01
PlayChip Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
- Pre-ICO stage 1
- 01 June, 2019
- 05 July, 2019
- 0.01
- 30
- Claim
- Pre-ICO stage 2
- 06 July, 2019
- 31 July, 2019
- 0.01
- 25
- Claim
- Pre-ICO stage 3
- 01 August, 2019
- 31 August, 2019
- 0.01
- 20
- Claim
- Pre-ICO stage 4
- 01 September, 2019
- 30 September, 2019
- 0.01
- 15
- Claim
- Pre-ICO stage 4
- 01 October, 2019
- 31 October, 2019
- 0.01
- 10
- Claim
- ICO
- 21 November, 2019
- 28 November, 2019
- 0.01
- 5
- Claim
PlayChip Distribution
PlayChip Use of Proceeds
PlayChip Team Members
PlayChip Advisors
PlayChip Past Events
- 31 December, 2019
Development commences on Fantasy Sports proof of concept technology.
- 31 December, 2019
MVP Fantasy Sports platform launched in Australian market. First sports to launch include: NRL, AFL & Big Bash Cricket
- 31 December, 2019
PlayUp assets, brand name and social community purchased off liquidated entity Revo Pty Ltd. Investment into Revo in excess of $100M by many investors, including several prominent Australian and Chinese businessmen.
- 31 December, 2019
PlayUp launches as a global brand and promotes in India, to much success. Work begins on blockchain-enabled global gaming ecosystem along with ‘PlayChip’, a universal gaming crypto token.
- 31 December, 2019
Asian Roadshow. Completion of Token Sale. Launching of PlayChain, PlayWallet and PlayXchange.
- 31 March, 2019
Integration of additional gaming platforms
- 30 June, 2019
IPO for PlayUp Ltd – Nasdaq & ASX
- 30 September, 2019
Full Social Network and Bet-following Integration. Development of Next-Gen Architecture.
- 31 December, 2019
4 million players worldwide
- 31 March, 2019
Acquisition of ClassicBet and Draftstars is completed and work begins to join both platforms to the blockchain-enabled global ecosystem.
- 30 June, 2019
Acquisitions of TopBetta,Madbookie & Betting.club is completed and work begins to join platforms to the blockchain enabled global ecosystem. Sponsorship of South Sydney Rabbitohs, Parramatta Eels and St George-Illawarra Dragons in Australia’s National Rugby League. Pre-sale commences. Scott Wenkart joins advisory team. Dr Stef Savannah joins advisory team. Soft cap of $10m achieved.
- 30 September, 2019
Acquisition of 123 Gaming is completed and work begins to join platform to blockchain enabled global ecosystem. PlayChip Ecosystem hits one million users. North America Roadshow. Awarded “Draper Hero’s Choice Award” at the Blockchain Economic Forum 2018. European Roadshow. PlayUp Bet joins the PlayChip Ecosystem. PlayChip Foundation registered as a Digital Currency. Services Provider. Brett King joins advisory team. Listing agreement reached with LATOKEN. Listing agreement reached with HitBTC.