PlayerCoin (“PEC”)
PlayerCoin — A standard currency for the entertainment industry.
Introduction
Backed by fiat currency, PlayerCoin (“PEC”) is a cryptocurrency (ERC-20 Token) created to provide the diverse entertainment industry a more consistent and similar exchanging standard.
Due to popular digital assets being too volatile and suffers from large fluctuations making them not suitable as an everyday currency usage. The PlayerCoin would be a cryptocurrency maintaining a stable value around 0.028–0.035 US Dollars.
We believe that entertainment organizations and individual players can extensively benefit from a stable digital asset like PlayerCoin for a legitimate and decentralized method of exchange.
Purpose
Create and provide an open standard
There is currently none decentralized currency that is widely-accepted as a payment method to support the variety of the entertainment industry. A standard decentralized payment method throughout the whole industry would allow players to switch between entertainment amenities swiftly and securely.
Token
Name: PlayerCoin (PEC)
Total Coins: 100,000,000,000 PEC
Stable Value: 1 PEC = 0.028–0.035 US Dollars.
PlayerCoin will be deployed as ERC-20 tokens on the Ethereum network and follows the ERC-20 token standard. Ethereum is a well-known and reliable smart contract blockchain that is widely supported among the cryptocurrency community.
The use of ERC-20 makes tokenization less risky as all adhere to the same standards. It also provides a form of uniformity to the network, reduces the complexity of token interaction, and enhances token liquidity.
Value & Benefits
Cross-border Transfers
Geology restrictions are no more. Players can instantaneously make transactions for any of their ideal entertainment purposes around the whole world.
Private Transactions
Many players like to keep their entertainment private. PlayerCoin is designed to maximize user privacy. Both the player and entertainment business information will be obfuscated from the public, minimal data is used for transactions and transfers.
Automated Services
All transactions are processed automatically with no interruptions, PlayerCoin maximize experiences and allow users to enjoy their entertainment 24/7.
Immensely Fast Transfers
Transactions speed are considered to be instantaneously when compared to other transactions found in other current technologies. Players can make swift payments for their entertainment.
Low Commission Fees
With a mission to provide consistency and standards to the entertainment industry. PlayerCoin offers low commission fees when making transactions or transfers.
Non-Mined Currency
Playercoin will be a non-mineable cryptocurrencies which ideally have far more greater potential and would better benefit the core value. It can be highly valuable due to the limited potential to increase in size because of the constant supply.
Non Initial Coin Offering (ICO)
PlayerCoin is not holding an Initial Coin Offering (ICO). ICOs are efficient funding model however the model is abused by scams and has been misused and create distrust within the community.
ICOs are not fundamental for the vision we have for PlayerCoin. It does not reflect the core principles and standards we aim to build within the entertainment industry.
Find Us On
Official Website: www.player-coin.org
Last Update: 11/23/2019
