Topic: The PlayChip: Reverse ICOs... What are they? (Read 124 times)

PlayChip is a platform based on blockchain which offers online games, online sports betting and wagering and safe gaming experience with the promise of paying users with cryptos which are easily exchangeable to fiat currency. So far the idea looks very promising, crypto community has already got involved as they want this project to get successful.

So far I know about it, Playchip tokens will be instantly transferrable with the start of ICO period. To store playchip tokens user need to have compatible ERC-20 wallet like Metamask.

This is just another method where we get to earn money by playing games. It seems and fun and interesting. And a break from the typical monotonous boring way of investing.

As I know Pay chips is an reverse ico. Revesse ICO helps to the exsitince ecosystem to accept the gaming currency. It built functionally of payXchange  which provide one stop solution to convert tokens. I think its very useful.

From my point of view it’s a reverse ico. Here the existing ecosystem of the game platform  will accept the gaming currency. It have one stop shop where the users can easily covert their tokens. The pay chips has genuine utility.

Enjin did the same thing to save a failing ecosystem. Established businesses have the means to expand their capabilities and bring in new users without asking for more money. It seems there isn't much merit behind the decision to hold a "Reverse ICO" besides getting big bucks for little effort.

The playchip is utility token built on Ethereum Blockchain. It’s goal is becoming central global currency of the gaming industry starting with playup. It can easily be traded via exchanges.

This post highlights some important points. I think as ICOs are favorable for startups, it is possible for established companies can also raise funds through a similar mechanism, and ‘reverse ICOs’ are the new blockchain innovators.

This post gives some information, if the information are  reliable and acceptable. That should help to acquire some knowledge about reverse icos.

https://bitcoinist.com/reverse-icos-a-better-alternative/

While 2017 was a great year in terms of ideas for the marketplace, 2018 and beyond will be about real world adoption. Real businesses with existing revenue streams will be the most successful in bringing their projects to market.

Existing, licensed business are able to accept fiat in raising capital for their ICO and give the crypto world more of a 'regular' feel to newbies unfamiliar with the technology and benefits it will bring.

The PlayChip is an example of a reverse ICO, where an existing ecosystem of gaming platforms will accept the ERC20 as their gaming currency of choice. The built in functionality of the PlayWallet and PlayXchange will provide a "one-stop-shop" where users of the PlayChip can instantly convert their tokens into fiat or other cryptocurrencies. With six current platforms signed on to integrate the token, and more to be announced, the PlayChip holds genuine utility value where genuine existing market demand will determine it's value.

The ecosystem has a current user base of over 500,000 in 70 different nations, with a combined turnover exceeding $430 million.

The PlayChip recently won the "Draper Hero's Choice Award" at the Blockchain Economic Forum in San Francisco, and has been featured on CNBC's 'Crypto Trader'.

Crypto Trader: https://www.youtube.com/watch?v=4jaR98hrinE&list=PLlKWLokf7uuRcV94GZSv1S2u97kNBeiEW&t=68s&index=2
Blockchain Expo Europe Presentation: https://www.youtube.com/watch?v=CtI1taCX4sI&index=2&list=PLlKWLokf7uuRcV94GZSv1S2u97kNBeiEW

More information can be found at the ICO page - www.playchip.global

Feel free to post any questions and comments you may have here