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PlayDapp

PLA

4.2

Price
$0.31
10/3/2022, 1:47:59 AM
diamondHands

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Market

Market stats

Market cap

$151.3M

Volume (24h)

$4.9M

Circulating supply

488.2M PLA

Typical hold time

8 days

Popularity

#84

All time high

$3.68

Price change (1h)

+0.22%

Price change (24h)

-1.32%

Price change (7d)

-2.24%

Trading activity

86% Buy0% Buy
14% Sell100% Sell

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PlayDapp is on the decline this week.

The price of PlayDapp has fallen by 2.24% in the past 7 days. The price declined by 1.32% in the last 24 hours. In just the past hour, the price grew by 0.22%. The current price is $0.3102 per PLA. PlayDapp is 91.57% below the all time high of $3.68.

The current circulating supply is 488,229,678 PLA.

About

PLA is an Ethereum token that powers PlayDapp, a blockchain gaming platform and non-fungible token (NFT) marketplace. PLA acts as the primary token for processing transactions on PlayDapp. Game developers can also receive PLA when users make in-game purchases.

What Is PlayDapp (PLA)?

PlayDapp (PLA) is a blockchain-based gaming and entertainment ecosystem. The platform aims to make digital assets more accessible by converting non-crypto game consumers into blockchain game users via the PlayDapp service platform. Through a game DApp portal, PlayDapp seeks to provide a consumer-to-consumer (C2C) marketplace for trading gaming characters, game content with a diverse portfolio of games and NFTs, and multichain blockchain support. PlayDapp envisions an environment in which gamers not only take true ownership of their in-game assets but also receive incentives for participation in the ecosystem.

According to the platform’s official document, PlayDapp’s marketplace seeks to allow users to claim complete ownership of their digital assets. By allowing gaming items to be used interchangeably inside the PlayDapp service ecosystem, these digital assets are not restricted to a particular game or intellectual property, nor are they restricted to a specific location. As a result, PlayDapp aims to offer an interoperable platform by allowing users to readily exchange products, characters, and accessories.

PlayDapp aims to convert third-party game items into non-fungible tokens (NFTs) through blockchain technology. By creating and distributing a PlayDapp SDK (software development kit), this service ecosystem seeks to make it easier for game creators to collaborate. The SDK enables game developers or businesses having problems establishing blockchain infrastructure to link their assets or other digital items through straightforward system integration. Subsequently, when the integration is completed and the assets are designated as a blockchain-based NFT, the same may be exchangeable with other games on the PlayDapp ecosystem. The platform states that the SDK seeks to provide a DApp-oriented admin page, chat/rank community, reward support system, and more. As a result, this integration seeks to increase game coordination and assist in user engagement through cross-promotion. The NFT’s value also improves due to the usage of these game items.

Through blockchain integration, PlayDapp aims to feature a play-to-earn (P2E) game mode. The P2E model seeks to enable engaging blockchain-based games instead of a simple, monotonous game. This model can also be applied to game content and existing role-playing games (RPGs), metaverse, tournament, etc. For instance, gamers of PlayDapp’s CryptoDozer game, which allows gamers to collect characters called CryptoDolls through gameplay, are able to use them to play DozerBird, another game that the PlayDapp ecosystem hosts. Further, users can get whole keys by collecting fragments of partial keys while playing the game, which can be used to access the CryptoDozer prize chests. Both CryptoDolls and keys may be exchanged between users on PlayDapp’s marketplace. Apart from these games, the platform seeks to feature more such games across genres. 

PlayDapp, being a meta blockchain, provides platform leverage in addition to content leverage and a C2C marketplace. PlayDapp aims to provide multichain compatibility for ETH, KLAY, LINK, LIBRA, and other cryptocurrencies through interchain or DEX. That is, in addition to PLA, additional coins (tokens) are accessible in PlayDapp.

PlayDapp’s native utility token PLA is an ERC-20 token deploying the Ethereum standard. The PLA token seeks to serve as the principal fungible token for the processing of user transactions. As one of the main utilities, the platform states that game developers and DApp operators earn PLA for each in-game purchase or exchange. PlayDapp releases this reward after a deduction of a reasonable amount of transaction fees.

History of PlayDapp (PLA)

PlayDapp, based out of Seoul, was founded in 2017. Sang Chug, head of business at PlayDapp, has over two decades of experience in the Korean games and IT industry. Kiyong Choi is the head of management, and Seunghyeop Back is the PlayDapp development team lead. PlayDapp’s games, CryptoDozer and DozerBird, were launched in 2019. PlayDapp launched the marketplace for Ethereum in 2020 and for Polygon in 2021. According to PlayDapp’s website, the blockchain platform partners with entities such as Samsung, Portis, and more.

How Are New PLA Tokens Created & Earned?

According to the platform, the significant re-investment of the game’s revenue into user activities or rewards is at the heart of the P2E system. The core game items that the players earn are swapped directly or indirectly for game tokens via the C2C marketplace or for other game tokens. Additionally, centralized or decentralized exchanges allow swapping of these game tokens, as per PlayDapp. Subsequently, platform and game developers receive revenue through transaction fees incurred during each trade under this item acquisition mechanism. 

Moreover, PlayDapp seeks to create several concepts in order to boost NFT value and stabilize market price fluctuations. With reference to CryptoDolls of CryptoDozer, the platform seeks to enable holders to collect and combine dolls for improved value and incentives. Further, by hiring other players’ dolls having special skills, players earn better rewards during gameplay. Finally, by staking dolls, gamers increase their chances of receiving higher-value dolls. This feature encourages the holding of high-value dolls rather than trading to the marketplace, hence maintaining a stable price. 

How Many PLA Tokens Are Available in the Market?

The PlayDapp platform reports a maximum token supply of 700,000,000 PLA.

How to Buy PlayDapp (PLA) Tokens

PlayDapp can be traded on centralized exchanges, including Coinbase.com or Coinbase app. It is secure, safe, and easy.

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Social

PlayDapp on social media.

PlayDapp was mentioned in 450 out of 1,632,849 social media posts on Twitter and Reddit on Oct 01, 2022. 444 unique individuals are talking about PlayDapp and it is ranked #211 in most mentions and activity from collected posts.

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Key indicators

Contributors

444 people

Posts

450 posts

Dominance

0.03%

Volume rank

#211

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FAQ

What is the current price of PlayDapp?

The price of 1 PlayDapp currently costs $0.31.

What is the market cap of PlayDapp?

The current market cap of PlayDapp is $151.25M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of PlayDapp?

The all-time high of PlayDapp is $3.68. This all-time high is highest price paid for PlayDapp since it was launched.

What is the 24 hour trading volume of PlayDapp?

Over the last 24 hours, the trading volume of PlayDapp is $4.85M.

What other assets are similar to PlayDapp?

Assets that have a similar market cap to PlayDapp include UMA, WOO Network, SKALE, and many others. To see a full list, see our comparable market cap assets.

How many PlayDapp are there?

The current circulating supply of PlayDapp is 488 million.

What is the typical holding time of PlayDapp?

The median time that Coinbase customers hold PlayDapp before selling it or sending it to another account or address is 8 days.

What is the relative popularity of PlayDapp?

PlayDapp ranks 120 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of PlayDapp?

Currently, 86% of Coinbase users are buying PlayDapp. In other words, 86% of Coinbase customers have increased their net position in PlayDapp over the past 24 hours through trading.

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