PlayHall

PlayHall
ICO date: 16.04.2018 - 12.06.2018
Description:

PlayHall is a skill gaming platform that accepts eight cryptocurrencies and allows users, who strive for victory, place bets on their games and win or lose real money.

How it works:

PlayHall is a decentralized platform for games of skill on mobile devices. The platform offers PvP matches, global and custom decentralized tournaments in skill games such as chess and arcade games that allow players to bet and win money.

Bets can be made in Bitcoin (BTC), Ethereum (ETH), Liteсoin (LTC),

Ethereum Classic (ETC), Dash (Dash), ZCash (ZEC), Bitcoin Cash (BCH) and the cryptocurrency of the platform, PlayHall Token (PHT).

PlayHall tokens allow users to take part in tournaments and to vote on issues related to platform’s management and organization. Currently, issues that can be decided by the vote are terms of involving developers in the platform, connecting games to the it, changing commissions, developing new features, rewarding developers and changing voting parameters. The last point ensures that voting system will inevitably evolve to achieve the highest efficacy and democracy levels.

 

Using blockchain allows PlayHall to decrease running costs and provide higher rewards for gamers, lower the risk of fraud at all stages of a game and creating an open ecosystem that is provably fair to all parties.

The platform will accept third party games and will reward game developers, transferring them a part of commissions charged by the company.

Innovation:

While platforms that allow playing skill games for money are not a novelty, PlayHall earns a couple of innovation points by bringing blockchain and all its features to this industry. It is one of the few platforms that run on cryptocurrencies too.

Innovation score: Medium

Token value:

PHT token holders do not receive a part of company’s distributable income. The token will be used as an in-game currency and to bet on PvP matches along with other cryptocurrencies available on the platform.

They will also allow players to participate in tournaments and will be a tool for voting for platform’s management and gaming process organisation.

With the growth of transactions within the gaming platform, the demand for PHT will go up, ensuring its rise in prise.

Token value score: Medium

White paper:

The white paper PlayHall shows is well put together. It presents a brief market analysis and emphasizes prominent features that distinguish the company from its competitors. It also explains technical details and key concepts thoroughly.

White paper score: Medium

Roadmap:

First agreements on porting PvP games on the PlayHall platform were struck in April 2017. Today the team has already launched a beta version that can be tested with demo-tokens. At the time of writing this article the token sale has already gathered a third of funds needed to start the project.

The plans for the future include holding the first tournament in September 2018 and offering about 50 games by the end of 2018. By the end of 2019 the platform will have at least 200 skill games at their disposal.

Roadmap score: Medium

Business model:

The business model of PlayHall is proven to work by time. Gambling or not, people love to bet and will continue to do so till the end of times. With the right marketing the influx of users will be fast.

The platform earns revenue from commissions. It will charge 6% of the gain in PvP matches and 10% in decentralized tournaments. Regular tournaments have no commission.

Even with a part of this sum going to the game developers, it still leaves a significant revenue for the company.

Business model score: High

Team:

The team as presented on the official PlayHall site is quite impressive.

Their CEO is an expert in team-building, personnel management, and business processes and management tools implementation. The

CVO has over 13 years of experience in finance and has managed teams of up to 200 people. The CMO has been in marketing for 11 years.

PlayHall shows a lot of top tier employees too, from project managers and tech leads to head of PR and UX designers.

The advisory board features founders of successful gaming projects, chess.com and Melesta. It has all major fields covered, blockchain development, marketing and business strategy.

Team score: High

Competitors:

Gaming market is a very profitable industry, so naturally it has a lot of companies competing for the audience. PlayHall, however, has its own niche in the market and offers unique features that distinguish the project from competition. Still, it is not going to be easy to make a name in such a competitive industry.

Competitors score: Medium

Overall thoughts:

With a great concept behind the project and a great team driving it forward, PlayHall has all the chances for success. Investing in it is a risk definitely worth taking.

Website: playhall.io
Whitepaper: Whitepaper

Overall Score

High

3.7 / 5

Risk score

NA

Crowdsale


ICO

ICO start date: 16.04.2018
ICO end date: 12.06.2018
Soft cap: 1,500,000 USD
Hard cap: 16,000,000 USD

TOKEN DETAILS

Ticker: PHT
Token price in USD: 0.03

Legal


ICO Platform: No
Registration Country: USA