One of the new entries among blockchain game developers is PLYR, which is creating a stir with its massive vision of a holistic gaming economy. Two other projects: the PLYR Gaming Blockchain is set to go live on its main net on July 1st, which is a milestone achievement. This new blockchain promises high-speed, eco-friendly gaming experiences, addressing two critical concerns in the crypto gaming space: frequency of transactions and the effect on the environment.
The PLYR token, which is valued at $ 0.01795 at the present time, has only increased by 1.13% within the last day. Currently, PLYR has achieved approximately $1.55 million in market capitalization and a $13.46 million fully diluted value. The total token supply of the project is fixed at 750 million tokens, but only 86.09 million tokens are currently in circulation, hence a potential for the token’s uptake.
Yet another major strength for PLYR is the concept that it does not aim to compete with existing players in the market but instead focuses on ensuring it provides an environment that is as user-friendly as possible. The future Sidekick mobile application will eliminate additional features by having one login for all PLYR games. This approach could reduce the cost of installing and spending from $0.99 to $1.99, potentially making new user acquisition across the platform games and services easier.
There are several events in the project’s plan for the future that might change its course. The Cluster Nodes Sale, which is planned for the 3rd of July, entitles buyers to join the network with its physical infrastructure. Staking for a node starts on July 7, and it will enable token holders to receive rewards in the form of staking and also gas fees, which will encourage the holders to use the network.
The token distribution, as described by PLYR, mirrors much of a community-based project with a large stake in the actual functioning of the token as an actual stake in communities. Such a distribution model could bring quality and an active user base, which is always important for gaming platforms. However, it will be important to point out that the vesting schedule is absent for the token allotted to the team members.
With the PLYR gaming universe set to release soon and new features already in development, PLYR’s problem becomes not just one of competition but a crowded industry in blockchain games that are already on the rise. It will success depends on what type of games it is able to attract, how good that blockchain is and how well it can build a healthy ecosystem for the players and the developers.
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