PlayChip bets on sports, lists on crypto exchanges

Katie McDonaldFebruary 1, 2019

Universal gaming token PlayChip is set to go live and commence trading on Australia’s first regulated cryptocurrency exchange Independent Reserve, as well as HitBTC and LATOKEN, tomorrow.

PlayChip is a token that can be used for sports betting, gaming, fantasy sports and eSports.

The PlayChip Foundation’s announcement of its token listing follows the first integration of PlayChip into the gaming platform of operational partner PlayUp, a blockchain-based fantasy sports, online sports betting and gaming ecosystem.

In Q1 of 2019, PlayUp said it anticipated to award more than US$1 million in prizes across major sporting events such as the Super Bowl, Big Bash and Six Nations Rugby Tournament.

PlayChip Foundation director Daniel Simic said the sports betting and gaming market was primed for blockchain integration.

“This industry was integral in driving mass adoption of the internet in the late 90’s, and with the crypto revolution upon us, punters and gamers will once again be the first to experience this next-generation technology, with the PlayChip at the forefront of this revolution,” Simic said.

“We have achieved what a fraction of blockchain-based projects ever accomplish. The PlayChip has been well adopted and demonstrated mainstream appeal with a level of utility most tokens won’t see for years, if at all.

“While we are very proud of what we’ve achieved so far, this is only the beginning. Big things are in store for the PlayChip.”

From January 30, PlayChips can be purchased internationally on HitBTC and LATOKEN, and within Australia from Independent Reserve.

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