ICO Preview - PLAYBETS - Decentralized Gaming Platform with Mass Gambling Games

Playbets.io - the first decentralized gaming platform with a catalog of mass gambling games

One of its key features is an extremely simple and attractive game that is designed for everyone, even for players not only gamblers.

Playbets.io is a platform that connects players and game developers with a working Alpha Version. At the moment they are working to implement Game 2

Game Road Map

Current ICOBench Rate 4.2

The main Problems of Gambling and Gaming platforms are

• lack of transparency in hosting games and tournaments
• complexities with fiat currency associated with commissions and other operations
• a focus on a few popular genres, lack of game catalog with mass gambling games aimed not only at gamblers
• lack of focus on external developers, publishing activities
• lack of clearly defined internal ecosystem between players and developers

Playbets.io take care of this problems and found solutions to solve that

Main Advantages of Playbets.io

Proven business model, Connecting Game Platform, Big Choice of Games, Mass Gambling Games, Token Ecosystem ,Honesty and Transparency, Cryptocurrency, Team

How it works for players

Players can choose any game from the catalog and place a bet for a chosen amount in in-game currency Play Bets Coin (Pc). For them, the player area was created, which provides
•
the ability to add funds in the most popular cryptocurrencies (ETH, BTC, NEM, PLT,
9 cryptocurrencies in total)
•
the ability to convert funds to PlayBets Coin (Pc) with a conversion reserve
•
a game account in PLT Tokens, PlayBets Coins and other cryptocurrencies
•
an account of the current number of tickets for participation in Jackpots
Simplified workflow of the PlayBets game platform (how it works for players)

How it works for developers

PlayBets will offer one of the most loyal conditions for purchasing games in a Buy-Out system, along with a bonus system for game developers.
The Buy-Out system offers to buy games from developers and collaborate with third-party game companies with the aim of expanding the game catalog. This means that any game developer can develop a game that matches the description below and can sign a partnership contract if the right conditions are met

ICO Details

At the moment the Project is in Pre Sale Stage until 31.1.2018 with a exchange Rate of 1 ETH = 10.000 PLT

Overall there will be 300.000.000 PLT, but the Team decided to Burn all Unsold Tokens.
The PlayBets (PLT) token has been developed to the ERC20 standard, which is part of the Ethereum network. It is a transferable token compatible with wallets and exchanges

At the ICO stage, they plan to hire an escrow agency. As of now,they are considering one of the Big Four companies. The agency will be selected on a competition basis.
With regards to the ICO, escrow will serve the following function – funds collected during the crowdsale campaign will be gathered in a Multisig wallet. Access to this is only available to trusted escrow agents.
Investors will sent funds not to the ICO project directly, but to a previously created wallet with a smart contract that is designed in such a way that the financing of each stage of the project (milestone) is completed only with the agreement of the third person(s) of the escrow agent(s), who, in their turn, provide additional protection. The Multisig wallet will undergo a preliminary audit to search for vulnerabilities

ICO and PlayBets token distribution system

The aim of ICO fundraising is to reach a Soft Cap equivalent to 3 000 ETH or a 30 000 ETH Hard Cap in overall funds from all fundraising (or equivalent $1 000 000 — $10 000 000 USD)
If the required sum for the upper limit Hard Cap (30 000 ETH or $10 million dollars) is collected, the crowdsale will end early.
In total, the number of PlayBets tokens to be released will be limited to 300 000 000 PLT
During the company crowdsale, the maximum number of tokens sold is limited to 239.400.000 PLT. Unsold PlayBets PLT tokens that have been issued for sale during Closed Pre-sale, Pre-ICO and ICO will be burned.

Target use of funds

Depending on the volume of funds raised, the development of the game platform will change
based on a range of criteria, the most obvious of which is the number of games published
in the catalog and the size of the platform’s audience

The Team

The entire Playbets team has years of experienece developing of games and gambling services ( ICOBench Team Rate 4,5)

Links

Homepage
Medium
ICOBench
Whitepaper
Onepager
Businessplan
Jackpot Grow
SEC Howey Test
Twitter
Facebook
Telegram
Bitcointalk ANN
Bounty

Thanks for reading!

Cheers Patrick

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Disclaimer: Investing Money in Crypto is always risky. Don’t see this as investment advices. Invest Carefully. Always invest only Money u can afford to lose. Always DYOR. I am not responsible for losses.

Source of Informations : Homepage Whitepaper