Online casinos have taken over the decentralized application space (Dapps) this year. While many Dapps have popped up and then vanished, leaving nothing but pain and heartburn to its users and fanbase. One platform remains and stands above the rest, Play Royal.
Play Royal not only brings in the casino gaming system, it also has an amazing exchange. Play Royal exchange features trading pairs from multiple digital currencies that allows for lightning transactions with minimal fees and secure processing.
So, what makes PlayRoyal different? What is PLAY? What is the reward token (RWD)? How does Play Royal scale over time? It has been said many Dapps are different, they are special, they will put the players first. Is PlayRoyal really putting the players first? Does the platform scale and grow with an increasing demand and market?
‘Gamification is the application of game-design elements and game principles in non-game contexts. It can also be defined as a set of activities and processes to solve problems by using or applying the characteristics of game elements.”
Play Royal has incorporated gamification applications across its platform to enhance and deliver a unique variation of feature sets, which reward players for leveling, playing, and referring others to the platform. Play uses systems like trading competitions and playing bonuses for hourly activity across the platform that allows for staking mining bonuses to increase rewards a Royal Player can earn.
All this sounds amazing but what are the cons? Well PLAY has struggled a bit to gain a consistent growing user base. While growth has not stalled it is slower than most platforms. Is slow growth really a problem though? The saying slow progress is better than no progress stands out to me here.
Over time Play has seen its ups and downs and had a few other problems that stalled growth. This is where Play Royal starts to stand out from the rest of the competition. Play seemed to be on a downhill slide for a moment there were lots of questions in regard to circulation supply of its native tokens PLAY and RWD, the games on the platform where not provably fair, and the community was growing weary of progress and the future of the platform.
Drastic times cause for drastic measures, and PLAY would make drastic changes. The Play team recognized the problems they were facing and took action to overcome the obstacles fast. The team would do a complete rebuild of its online casino and exchange, from user interface and design to functional mechanics and the tokenomics ecosystem, and implementation of a provably fair system. So, what does this all mean?
This is the primary token that runs through the entire platform.
PLAY has the best mining rate out of all the mining tokens.
Total supply is 10 billion.
Circulating supply is 6 billion of which 1 billion is currently to bankroll the casino. The circulating bankroll will be bought back and replaced with our new bankroll program.
4 billion are locked until 2021, after which they will be used strategically to enhance the PLAY
ROYAL ecosystem.
Some of house profits will be used to periodically buy back and burn PLAY.
REWARD (RWD) tokens are earned by playing games with PLAY, TRX, BTT, and other tokens.
Total supply is 1,000,000,000 (1 billion) tokens, with 80% distributed as part of the mining and airdrop system.
The remaining 20% of RWD is used for special events such as leaderboard competitions, marketing and promotional partnerships.
RWD is also airdropped to everyone who has at least 1 million PLAY tokens deposited in their site wallet and scales up in increments of 1 million.
For every 0.6 RWD mined, 0.6 RWD goes to the player. The player gets 100% of the RWD that they mine. An extra 0.25 RWD is mined to the house and an extra 0.15 RWD is mined to the airdrop pool.
You can burn RWD for a share of the Reward Party dividend pool and other on-platform items.
50% of the TRX profits from Play Royal Exchange will be distributed weekly to all RWD holders in proportion to their share of deposited RWD tokens with no minimum or maximum needed to qualify.
Well the first thing that stands out here PLAY was originally just a Tron (TRX) based casino and exchange. Play has now opened its tokenomics to incorporate other digital currencies to include Ethereum (ETH), Bitcoin (BTC), and according to its roadmap soon USDT as well.
Play Royal also has its own integrated payment processor Carbon Money, which means you can purchase digital assets on the platform. But wait there's more, not only can you purchase on the platform you can also Play games, trade and exchange, or acquire the native tokens PLAY and RWD, and stake these tokens to receive portions of the platforms Airdrops.
Play Royal Exchange has a versatile set of trading pairs with multiple partners.
PLAY/TRX, RWD/TRX, ART/TRX, AMSK/TRX, IGG/TRX, BTT/TRX, SEED/TRX, TATM/TRX, SWG/TRX, VOID/TRX, NOLE/TRX, LVH/TRX, EVR/TRX, CBD/TRX, BNKR/TRX, EMS/TRX
PLAY/ETH, MATIC/ETH, TRX/ETH, RWD/ETH, BTB/ETH, JT/ETH, TYPE/ETH
TRX/BTC, RWD/BTC, ETH/BTC, EMS/BTC
When the Play Exchange list a new token, more than likely it will offer up a trading competition. The trading competitions drive exchange volume, help to enhance awareness and visibility of the listing partners, and give platform users who are active on the exchange an opportunity to win great prizes. What's not to like here.
Mining” is the term for playing the games with PLAY, TRX, BTT and other tokens to earn RWD tokens.
As more RWD is mined the difficulty increases with a total of 250 levels of difficulty.
Mining difficulty is scaled up for all connected tokens at once. Mining efficiency is adjusted based on price changes before the start of a new Reward Party. ‘Mining boosts’ may be applied to tokens at our discretion.
PlayRoyal initial mining structure awarded 0.25 percent of RWD to the house for platform sustainment. Now for every 0.6 RWD mined, 0.6 RWD goes to the player plus an extra 0.15 RWD is then mined for the airdrop pool. Now, rather than an additional 0.25 RWD being mined for the house, the house will only mine 0.05 RWD for every 0.6 RWD mined.
By phasing the Play Royal house cut out of the RWD payment cycle there will now be 20% less RWD being mined daily.
By reducing the amount of RWD mined daily this increases the length before all RWD tokens will be mined. Additionally, with every round of mining difficulty increases thus making it harder to acquire RWD which increases the overall value as demand raises and supply becomes scarcer.
“Good morning, afternoon or evening to our Royal players and traders. As per usual, the updates just keep flowing in here at Play Royal! BTC is now enabled on Play Royal in both the exchange and a large portion of our games. Play our provably fair games on Play Royal with PLAY, RWD, TRX, ETH, BTC and soon USDT.”
“We have plenty of exciting updates planned for Q4 of 2019. Stay tuned in the coming week for our first ever exciting holiday event as things at Play Royal get a little spooky.”
With the weekly and sometimes daily platform updates on Play Royal from adding new digital slots, to adding BTC, to release of its official roadmap, Play is clearly setting itself aside to become the number one online Token Platform to play, trade, exchange, and grow.