Introducing our very own cryptocurrency, the “PlayChip” (PLA). The PlayChip is an ERC20 token on the Ethereum blockchain. The creation of the PlayChip is the first step towards the PlayUp platform operating with a decentralised blockchain, utilising a global utility token.
PlayChip will be used to enter challenges, place bets and receive winnings. It will also be used to incentivise our network of users to participate and grow the PlayUp ecosystem. Initially the PlayChip will be available for use alongside traditional currencies in the PlayUp ecosystem. Users will have the opportunity to continue using the existing service whilst learning about the benefits of the PlayChip.