Playkey announced the launch of a decentralized cloud-based game cloud platform ICO

Playkey, the cloud solutions platform created to make all games available on any device without the CPU and GPU requirements, is currently trying to raise $ 60 million for its PKTcoin. A virtual currency dedicated to the Playkey system, which is based on the Ethereum network. This currency will be used to pay monthly, weekly and daily subscriptions. As well as third-party games (group games, in-game purchases, etc., and use for the service provider in their open auction).

The fundraising announcement came with the aim of expanding after unprecedented demand by users for more servers to be built in Asia and the United States. The platform can now meet 1.5 million players and is already generating millions of dollars of revenue each year with hundreds of games available on the Playkey platform. On the other hand, this platform is different from other 'ICOs' based on the blockchain in terms of the company's inception stage. This company has built a user base over the last four years and has achieved a market suitable for the product. In addition, they will use these funds mostly for international expansion. "Playkey's business model is already scalable,” Eugene Wolf”, an executive at Playkey, recently confirmed. "The company has proven a positive economics unit."

Looking forward to a huge market:-
The company is looking to deal with a huge market of 81% of the 2.2 billion players in the world, who are unable to provide computers due to hardware requirements. The option now available to players is to spend more than $ 2,000 to build devices to play a single game. Instead, with the introduction of the default "PKT" currency, users (or so-called "miner") will now be able to build devices to produce "mining" the currency. Which will enable their fellow players to enjoy games on these devices through the Playkey platform for the cloud games (against PKT currency)? With the inflow of more "PKT" coins produced by the miners, the price will be fixed by professional market makers in the Playkey team who will support the platform's default currency rate. The "PKT" currency reserve will be used to support the price in order to maintain price stability. The company has already planned to include the currency in each of the platforms "Cryptopia", "CoinExchange", "Lykke", "Evercoin", as well as negotiating with various platforms.

For players and project supporters who do not plan to purchase mining equipment, the company will give them an opportunity to participate in the system through the initial currency support process "ICO" which will start on November 1st. Where the price of the currency "PKT" will be 0.004 of the impact. The company also plans to set a fixed market value of 240,000 ether and will offer 1.3% -15% as rewards depending on the investor's willingness to take risks by buying the currency early. The currency appreciation will depend on the speed of geographical expansion, marketing and available computing capabilities, including online miners. Unlike many of the Blockchain-based projects that raise money from investment institutions and those interested in digital currencies, the Playkey founders and consultants have strong relationships with the gaming community and will seek to distribute the currency to players during the initial currency sale. While the company's consultants have a track record of major international expansion of companies such as Ubisoft, Riot Games, and Oculus throughout Asia and Russia.

Source: https://playkey.io/en/?tokenSales=true