Peerplays is a decentralized tournament betting and gambling platform that plans to release a diverse offering of blockchain based games including an instant result lottery, rakeless texas hold’em poker, and sportsbetting. Peerplays token holders are entitled to a portion of the fees collected over the network. Token holders can also participate in the peerplays governance DAO by voting on development proposals and earn rewards by setting up a consensus node.
The Peerplays network features native smart contracts powered by graphene and a built-in digital asset exchange. The asset exchange allows users to choose which cryptocurrency they would like to use to make wagers. The Peerplays API gives users the option to choose what currency values are displayed in, including USD, EUR, CNY or a number of crypto-tokens.
Peerplays has gone through several rounds of funding leading up to the primary crowdsale. So far they have secured $4 million in donations from a group of strategic partners, and $500,000 in seed funding from a 2016 crowdsale.
ICO + Token details
Sale period: February 26th, 2017 to May 14th, 2017
Investment Cap: $5 million
How are funds held: Held in escrow by an anonymous Canadian attorney. See sales terms for more details.
Total Token Supply: 5,961,684 PPY
Amount Distributed in ICO: 950,000 PPY
Consensus Method: Delegated Proof of Stake (DPoS)
Emission Rate: Determined by a vote of token holders
Alpha release date: May 30th, 2017