PlayChip Mainsale and Listing FAQs
We have been hard at work readying the Universal Gaming Token for it’s launch on December 19th.
As many of you know, we have made the decision to discontinue our main token sale. We have received a number of questions from our token holders, platform users and community following. Please take the time to read the below to get a greater understanding of what has happened, why it has happened and what is on the cards moving forward.
Why has the main sale been discontinued?
The reasons for this decision were made in the best interests of all token holders and platform users, and are outlined below.
Firstly, we simply do not require further sales prior to our listing date to deliver the project. Significant funds have been raised via token deals with corporate partners, brand ambassadors, and via mergers and acquisitions such as 123gaming earlier in the year. Stage 1 of development has already been completed and testing is underway in preparation for its the launch on December 19th.
Secondly, our market analysts forecasted a significant drop in the price of Bitcoin around the time of our token sale. Given the effect the price of Bitcoin has on the cryptocurrency market, this could not only deter potential contributors to the sale, but also offer less value for people seeking to purchase PlayChips with cryptocurrency. Our analysts have predicted a healthier market in time for our mid-December listing when tokens will be available again for purchase via the PlayXchange.
Lastly, it gives us a chance to reward the users of our partnered platforms. The few remaining tokens will be distributed amongst the paid users who are most active across our platforms throughout 2019. Our customers are the backbone of our business and delivering the PlayChip to them is of the utmost importance. The people most active in using our products and pushing the PlayChip forward will be the recipients of rewards PlayChips as the ecosystem and economy grows throughout the year.
Is the listing date of December 19th still firm?
No change has ever been made to our listing date. We understand the confusion in the community, however the discontinuation of the token sale is the only change to the roadmap that has been made.
When does KYC/AML verification commence?
KYC/AML verification will be available prior to withdrawing your tokens on the PlayXchange on December 19th. You will be notified via email when this is commencing.
When will the smart contract address be available?
December 3rd 2018.
Given the closure of the token sale, is there any other way to collect PlayChips prior to December 19th?
PlayChips are still available to be won via PlayUp fantasy sports and the PlayUp Bet Platform, where users can earn 50 PlayChips per day simply by logging into their account.
Our operational partner TopBetta is also running a promotion where all cash deposits will receive a 200% PlayChip bonus up until Friday 30th November. These tokens will be allocated to their account on the PlayXchange, and can be redeemed on December 19th following simple KYC-verification.
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For continued updates on the PlayChip, follow us on Twitter or Telegram, or sign up to our token sale site.
