Playhall may not be the first blockchain based company to offer mobile games in accordance with cryptocurrencies, but that should not mean that they need to be ignored and to forget about their ICO or the potential that the project has. Instead, let’s check out their platform and see if they have anything that is different about them that could tempt you into parting with some of your cash and hopefully make a profit on your investment later.
Check their website here
The new project has based its entire platform on providing players with the opportunity to take part in a series of games, but what is different is the way in which they use cryptocurrencies. Most options are going to restrict you to using their own individual currency, but that’s not the case here.
Instead, Playhall is going to open up the possibility of using multiple cryptocurrencies on their platform, and the entire thing is decentralized at the same time. They also deal in games which they state focuses on the wit of the individuals while they are also able to go ahead and play against other people at the same time.
This means that it runs on a peer to peer basis, but there are also global tournaments that users are able to participate in, which means they are seeking to provide a rather comprehensive mobile game platform.
They hope to have around 50 different games on the platform by the time we get to the end of 2018, but at this moment in time there is just the Beta version with a handful to check out. In order to access it, you simply need to go to their platform and download the game in question. Of course, you also need to create an account which is quick and easy to do with minimal verification before you can then go ahead and take part in various tournaments.
The platform itself is built on Ethereum, which is good news as it does mean that the platform should be regarded as being quite stable while there will be no problems with scalability or security.
When you venture onto the new platform platform, you can then choose the game and also who you want to play against when testing out your various skills. This aspect runs just as any other gaming platform, but clearly there is then a difference when you introduce cryptocurrencies to the equation.
With Playhall, you are able to win prizes via the tournaments and competitions, and the prizes come in real cryptocurrency. You are able to purchase the token that has been produced by the people behind the project, but the fact that this is not an actual requirement is quite a positive move for the platform as a whole.
Overall, there is nothing technical with this project, at least from a cryptocurrency point of view, which does help to make the entire project seem far more feasible.
It will be very easy to identify the advantages associated with the new project as the main one is the way in which you are not restricted to just using the one single cryptocurrency when you are on their platform. By opening it up to using around 10 different currencies, it suddenly becomes far more attractive to people to potentially start playing on this platform.
Aside from that, everything else just runs along familiar lines, but there can be little doubt that this point regarding cryptocurrencies will tend to be the best thing about Playhall and the games platform that it offers.
Checking out the ICO for a moment, we can then see that they are willing to accept three different cryptocurrencies in order to take part. The currencies are LTC, BTC, and ETH but do note that there is a minimum investment figure which has been set at 0.01ETH.
Full details can be found on their website
During the ICO, there is also both a soft and hard cap in place. The soft cap has been set at 1500 ETH while the hard cap is significantly higher at 16,000 ETH which is a high figure and it could be difficult for them to reach these heights.
With this ICO, there are 500,000,000 tokens being released for purchase, and there is also an exchange rate in place which has been set at 1 ETH equating to 31,250 PHT, which then shows how they value their entire project when you look at those exchange rates.
When we look at what the new blockchain based project is offering, then even though they are not exactly unique with their gaming platform, the very fact that they allow you to go ahead and use a number of different cryptocurrencies is certainly a good move to make. However, it remains to be seen how this may then affect the value of their own cryptocurrency in the long term.
Also, we need to see how quickly they add more games as variety will certainly assist them in building their platform and making it more attractive to a number of people. They will also have to really deliver with the tournament aspect, but offering prizes in the form of cryptocurrencies is also a cool idea.
From the technical point of view, then there is nothing to worry about at all as they have hardly sought to redesign the wheel. This in itself could prove to be useful as it should mean that there are relatively few technical difficulties, which is something that you clearly want especially if people have become involved in these tournaments.
For investment purposes, then it does have potential however they do already have a few competitors. With a strong team and the funds raised from their ICO their should be enough room for multiple from this niche to succeed.
Website: playhall website
Whitepaper: https://assets.playhall.io/assets/pdf/PlayHall_WhitePaper_eng.pdf
