The PlayChip is an ERC20 token designed to become the universal gaming token.
The PlayChip will serve as a utility token at the core of an online gaming ecosystem that already consists of eight platforms, with many more to come. The ecosystem supports a user base of over 1 million people in over 70 different nations, and is on track to turn over a combined US$430m in 2018 alone.
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 turnover 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.