I’m happy to introduce the PLAY token to you, a social community token for the Play to Earn community. Play to Earn is all about educating gamers, the possibilities blockchain gaming offers, non-fungible tokens and the play-to-earn business model in particular. Even more it’s about sharing a passion for a technology and a future of sharing value. That’s where PLAY comes into play!
PLAY is born out of a passion to grow the blockchain gaming industry. As an editorial platform Play to Earn has made incredible moves this year. We started on Medium, but are now one of the most recognizable editorial brands in the blockchain gaming space. I love the support you guys, the community, and developers are giving to Play to Earn. PLAY is a way to give back some love!
First and foremost, PLAY is a social community token. Don’t see it as an investment into your future. Play to Earn will use PLAY to thank you for interacting with our content. The following examples can earn you tokens:
- Reading the latest news
- Reading our weekly newsletter
- Being active in our Discord channel
- Visiting our virtual events (the game festival!)
- Contributing to editorial pieces on this website (more details below)
- Keeping an eye on our social media
Yes, you will be able to EARN our social token PLAY by learning about blockchain gaming. Cool right? That’s because you, as a community, are the foundation of Play to Earn. Talking with your friends and spreading the love for technology, that’s important for this industry as a whole.
Everybody is able to earn PLAY, just by enjoying our content. Once you’ve earned enough PLAY, you will become eligible to contribute content to the website. As long as you own enough PLAY tokens, you will be able to contribute. We do this, because that will give you a stake in our platform as well. The good news is that each of your published contributions will earn you even more tokens.
But Robert, what do I do with that bag of PLAY tokens?
That, my friend, is a very good question!
This is what you will be able to do with your PLAY tokens:
- Tipping friends in Discord who helped you out or provided you an awesome insight. (October 2020)
- Acquire digital collectibles by Play to Earn. Some of these NFTs will be sold for ETH, others are only available using PLAY. (November 2020)
- Advertise your project / business / artwork on the Play to Earn website using our special banner area. (November 2020)
- Or do the same at the bottom of the Play to Earn Newsletter. (November 2020)
- Writing as a contributor on the Play to Earn website, and earn more PLAY for your contributions. (Q4 2020)
- Trade your PLAY tokens for another token, like WHALE, ETH or SAND. (Q4 2020)
- Acquire NFTs Through the Play to Earn Store (2021)
- Use it to compete in games, like for example in The Sandbox. (2021)
How and what?
The PLAY token launched in collaboration with Roll. They provide a smooth interface for users and for me. It’s easy to integrate Roll into Discord, our newsletter and even onto our website. Don’t think that PLAY is a fake token though. This is a real ERC-20 token. Everybody who has a Roll wallet is able to move their tokens away from Roll and into for example their Metamask wallet. Transactions are stored on the blockchain, and you can use PLAY as if you’re trading ETH or any other ERC-20 token.
There will be 10 million PLAY, which will be distributed over the course of three years. We start this journey with 2 million PLAY, and more will be added over time. At the same time Roll will use 12 percent of the total supply to promote our efforts as a community across their ecosystem.
How will PLAY be distributed?
Every month the smart contract will provide us with another 200.000 PLAY. However, our initial amount is 2 million PLAY. This means that there will be 2.4 million PLAY this year. I want to use at least one million PLAY for community distributions. While another million PLAY will be used for partnerships with artists and other collaborations in the crypto space.
- Every member of our Discord can claim PLAY through our regular community airdrops
- Visitors of the Play to Earn Game Festival will be able to claim PLAY
- Every newsletter I will hand out PLAY
- And there are PLAY drops in our news items on the website
The first real drops of PLAY are scheduled to happen during the Play to Earn Game Festival. Visitors of the festival can claim a daily amounts of PLAY. This event starts on November 2nd and continues until November 13th. However, let’s distribute a little bit of PLAY to give you a taste of what’s coming.