What is PlayChip about?
The PlayChip will serve as the exclusive cryptocurrency of an online gaming ecosystem that already consists of six platforms, with many more to come. The ecosystem supports a user base of over 500,000 people in over 70 different nations, and is on track to turn over a combined US$430m in 2018 alone.
The centralised version of the PlayChip was initially developed in 2017 to provide such a system to players engaging in both free-to-play and pay-to-play competitions.
What are the value drivers behind PlayChip token price?
PlayChip tokens are utility tokens used for multiple purposes in the PlayChip ecosystem. PlayChips can currently be awarded, bet and accumulated on the PlayUp site where it is still currently in use. The main value drivers behind PlayChip token price would be user growth of the platform that would increase the demand for the token.