Business Idea
PlayGame is a company that aims to support the economy, especially in the field of games through blockchain technology. PlayGame releases tokens with PXG tickers and is a utility token. PXG has several uses for several parties, including game developers and gamers themselves.
For gamers, PXG can be used to buy various products in the game, rewards in the form of PXG tokens prizes in various tournaments held by individuals or game developers themselves and lastly trading on various cryptocurrency exchanges.
For game developers, PlayGame has an open source software development kit (SDK), uses the PlayGame platform to accept payments from gamers without paying fees to third parties (payment gateway payment service providers) and coin developers can use the PlayGame platform to crowdfunding. In addition, game developers also need not fear there are problems in the payment gateway because using blockchain technology all transactions will be safe and transparent.
Team
PlayGame is led by Anton Soeharyo as CEO. Anton is the founder of TouchTen Pte Ltd, a game developer that has successfully made more than 50 mobile games and reached more than 50 million downloads. TouchTen is also one of the 20 best growth companies by Forbes Indonesia. In addition, TouchTen is also supported by various venture capitals in Indonesia, such as Ideal source, CyberAgent Ventures, TMS-Entertainment, UOB Venture Management, GREE, 500 Startups, and Digital Nusantara Capital.
PlayGame also has Aria Rajasa as a CIO as well as a community manager. Aria Rajasa is a tees.co.id founder with more than 10 years experience in the field of digital marketing, digital marketplace, e-commerce in Indonesia. In addition, tees.co.id is also supported by several venture capital companies such as 500 Startups and Telkom Group.
The advisors from PlayGame are also no less interesting, including Andrew Dervish as Founder of Kaskus, Oscar Darmawan as CEO of Indodax (the largest exchange cryptocurrency in Indonesia) and Tokenomy CMO, Edward Chamdani as Ideasource VC Managing Partner, Mizuno Kazuhiro as CEO of Quan Inc., Edy Sulistiyo as Founder of Loket.com (Loket.com acquired by GOJEK) and currently as Vertical Entertainment at GOJEK, Lawrence Samantha as cryptoworld expert, Calvin Kizana as Picmix CEO, Jason Lamuda as CEO of Berrybenka.
Looks PlayGame has a range of advisors who are quite experienced in various fields ranging from cryptoworld, community development, financial management, marketing and so on.
Token Sale
PXG has a total supply of 1 billion tokens (1,000,000,000 PXG) with details of the token metric as follows:
- 600 Million tokens will be sold at the ICO stage
- 100 Million tokens for advisors and airdrop programs, bounties, and other affiliates
- 200 Million tokens for the team and will be locked for at least 2 years
- 100 Million tokens to maintain PlayGame platform network growth
PlayGame has a soft cap at 150 million tokens and hard caps at 600 million tokens. A soft cap is a minimum number of sales of tokens so the project can run.
Minimum purchase for token sales is 100 ETH (around 700 million rupiahs) on the private sale, 10 ETH (around 70 million rupiahs) on pre-sale, and 2 ETH (around 14 million rupiahs) on crowd sale). It is quite interesting because the minimum number is quite high in the crowd sale phase because ICO usually only has a minimum of 0.1 ETH in that phase.
Conclusion
PlayGame has a pretty good business idea and the use of tokens is quite solid. The team they prepared also didn't play games. However, there are several things that must be a concern and consideration in making a decision to buy this token or not, including:
We must see how PlayGame introduces their project to the wider community which includes many elements, such as the gamer community, game developers, crypto world investors in various countries. Currently, PlayGame has been a roadshow to China, Japan, and Korea. There hasn't been a PlayGame movement to approach the cryptocurrency community in Indonesia like what Vexanium has done. The community is a big asset and the success of Vexanium in the ICO process until now comes from a strong community besides good teamwork.
The use of 10% of metric tokens is less clear, namely maintaining the PlayGame platform economy. This must be reconfirmed with PlayGame.
PlayGame has 2 supporting venture capitals namely Ideasource and Digital Nusantara Capital.
The price of tokens is quite expensive, which is 2 times the price of Vexanium (around 800-900 rupiah) with the same total supply (1 billion tokens)
PlayGame has a good chance if you can work with big game developers, namely Tencent, Sony, Supercell, Niantic, Netmarble, Rovio, etc.
PlayGame also has a good opportunity by following the footsteps of Vexanium which collaborates with the ICD (Indonesian Cryptocurrency Discussion) community to introduce its project in Indonesia while escorting the entire crowdfunding process to operational strategies and future marketing.
Rating
I give an 8/10 rating and with recommended status for longterm (long-term) with consideration, it is not easy to influence various gamers and game developers to move from the existing system to blockchain technology. An adaptation process that takes time but with a pretty brilliant idea.
Useful Links:
WEBSITE: https://its.playgame.com/
WHITEPAPER: https://its.playgame.com/files/playgame-whitepaper.pdf
ONE PAGER: https://its.playgame.com/files/playgame-onepager-en.pdf
BOUNTY THREAD: https://bitcointalk.org/index.php?topic=4929376.0
TELEGRAM: https://t.me/playgamecom_en
FACEBOOK: https://www.facebook.com/PlaygamePXG
TWITTER: https://twitter.com/playgame_pxg
About Author:
Bitcointalk Profile: asayoyaasa
ETH Address: 0xBe78faf3a6571096D668E2e1c0b1a6749b350911