PlayHall is a blockchain verhoging for holding regular skill-gaming tournaments and matches inbetween users.
Ter skill-games, your success does not depend on luck but on your abilities and intelligence. Ter matches and tournaments held on the toneel, gamers will be able to win liquid cryptocurrency, which today can be quickly exchanged for fiat money. All this makes it possible to monetize your time and abilities.
Because of the financial dimension of the spel, the developers have covered the security issues and possible vulnerabilities te a serious way. The PlayHall team uses blockchain technology and clever contracts spil well spil the effective decentralization principles to ensure security and reliability of the podium.
The team is launching a demo version of the podium with a limited number of games even before the commence of the token sale. Everyone will be able to test the convenience, safety, and relevance of the toneelpodium.
Verhoging Decentralization Principles
The PlayHall team uses the principles of decentralization and brainy contracts for creating an innovative gaming verhoging. Thesis principles and the decentralized escrow technology will help to avoid any fraud and forgery of the results of tournaments and matches on the toneel.
The total transparency of the podium, its consistency and an lightly cryptographically verified software, which provides automation of all processes and transactions ter the project ecosystem, assure the finish safety of the entire system.
The team’s purpose is to eliminate the need for a trusted party or administrator. This will significantly reduce the operational costs of maintaining the system, reducing the commission and enhancing the level of payments to gamers. This will also help to eliminate any fraud te the stages of payments to the winners.
Token Types and their Functions
Along with the main PHT, which is an ERC-20 token based on Ethereum Blockchain, the verhoging provides several types of tokens that will be used by the community members to make decisions by voting. This will provide a virtually ideal meritocratic project management system.
The voting, te which token holders can participate, will address key issues related to business processes and the future vector of project development on the podium: switching the terms of cooperation with spel developers and attracting fresh developers, adding fresh games on the verhoging, switching the commission, allocating extra grants to developers, switching voting parameters, developing fresh functionality and addressing other significant issues.
There are eight types of tokens for voting: a common PHT token, a weight token, a time multiplier token, a delegate token, a token committee, spel score and games count score tokens and a developer token. Each type of token reflects a user’s membership ter a particular community. The proportion of tokens is established depending on the type of voting. Dividing tokens into several groups is necessary te order to take into account the very first place the opinion of the holders’ category that has the best skill of the subject matter and is directly related to the punt discussed at the current voting.
The user account consists of registration gegevens, optionally including a phone number for extra safety, age verification, consent to the conditions of participation, and a safe multicurrency crypto wallet. The wallet is created and assigned to users automatically after registration. The wallet permits you to transfer PHT tokens and all the cryptocurrencies supported by the podium inbetween PlayHall users, make purchases, sell, exchange and withdraw their assets. Ter addition to its own tokens, the toneelpodium will work with popular currencies: ZCash, Litecoin, Dash, Bitcoin and Bitcoin Specie, Ethereum and Ethereum Classic.
To enhance the security of user accounts on the toneelpodium, there will be provided a two-factor authentication, which enables creating white and blacklists of IP addresses to prevent unauthorized access to the account, spil well spil a disabling blocking function that prohibits the withdrawal and transfer of cryptocurrency from all IP addresses except for selected ones.
The toneelpodium will become a bridge inbetween the stable spel industry and the emerging crypto economy, which will give it an chance to reach to a thick target audience. PlayHall is going to become the very first blockchain toneelpodium, on which users will be able to monetize their time and intellect by earning a popular and liquid cryptocurrency for every victory te a regular match or tournament. By the end of 2019, the principles of decentralization will permit 12 million users to earn cryptocurrency using their intelligence and spel abilities ter any of the 200 arousing skill-based games.