Betting and gaming online are becoming more an more of a big enterprise each day. Users spend millions and millions of dollars betting online, and experts have said that this industry has even more room for growth. However, current betting services present a lot of problems and limitations that plague their services. This is where Playchip comes in: to offer a decentralized platform that is able to overcome the limitations of centralized alternatives.
Playchip is the gaming, betting and fantasy sports alternative that lets you dabble in the betting ecosystem with the advantage of a decentralized system. this means that two great issues about gaming and betting can be addresses: transactional delay and security, and globalization of gaming. with centralized betting alternatives, you need to trust in the broker institution about the security of your bet.
Not only that, in traditional broker architectures to make a withdrawal you need to rely upon third-party services. Paypal and other payment gateways are used for this commonly. With Playchip, the same platform is the one in charge of delivering the betting rewards instantly, relying only upon the results inputted. The earnings will be delivered to your wallet in the form of Playchips (the platform cryptocurrency). You can make withdrawals whenever you want.
Also, some gaming platforms limit their reach due to fiat based gaming regulations. This limits the scope of the player when betting. With cryptocurrencies, there is no such problem.
PlayWallet and PlayXchange
But another problem would be the monetization of these tokens, and how to acquire them to start betting or gaming. PlayXchange, the system that is in charge of exchanging the Playchips for other more popular coins, solves this issue. With this platform, you will be able to monetize your playchips, or hold them in your personal wallet, named PlayWallet.
These two unique services ramp up the security of the platform. Playchip does not depend on any external blockchain. Most betting Initial Coin Offerings are based on third-party blockchains and this made the inherit their vulnerabilities. The Playchip team identified this as a vulnerability and decided to implement its own chain, called the Playchain. This will save Playchip of congestion in the network and high fees derived from usage.
Playchip has also worried about the legality of their platform, getting licenses for USA, UK, India, and Australia. Playchip Initial Coin Offering will start today, and it needs identification to participate in it.
Direct link to Playchip: https://www.playchip.global.