FAQ

What is the PlayMaker product?

PlayMaker is developing the solution for training data storage using the blockchain technology and IoT for data harvesting. Furthermore, the PlayMaker ecosystem includes a special ticketing dApp which will enable organizations to cut their ticketing expenses while bringing them closer to their fans. That way, PlayMaker highly benefits both sides of the equation – sports organizations and sports fans around the world. Since real-world use cases are somewhat rare in the blockchain industry, and especially as there is no other project similar to PlayMaker, we take special pride in the fact that our end product will solve some obvious issues in sports business as well as introduce the blockchain technology to the sports science. Simply put, we are producing an all-in-one solution for sports organizations.

What is the funding campaign for?

PlayMaker is, as stated, a very extensive project that’s integrating a lot of technical aspects to produce a solution. We are talking about a wide variety of measuring devices strictly dedicated to picking up and sending various body functions readings to the decentralized storage. So, our technology doesn’t rely exclusively on coding. Since PlayMaker doesn’t own a factory of these devices at the moment, we will have to acquire them to develop the end product. Still, that is only a portion of our need for funding. There are other aspects of the platform that need investing in, like the integration of various technological sides in one working system, which requires the help of other tech-related industries, etc. All of that requires funds, thus, the only way for us to move forward is to conduct the funding campaign. The allocation of all PMK tokens in existence is clearly displayed on the website and our core team will be as transparent as possible in the usage of the funds raised during the funding campaign.

Why was VeChain chosen as the cornerstone technology?

The PlayMaker development team considers VeChain’s technology to be the one with the most use cases in the industry. Since our project is utilizing a very similar information flow system as VeChain’s, it presented itself as the best solution. PlayMaker doesn’t look to compete with VeChain but works towards being a complementary technological solution implemented into the entirely new environment, manifested with a finished product. In the case of PlayMaker, the forked VeChain blockchain will have to be upgraded and highly customized to achieve the best possible results that will fulfill the exact needs of our business partners.

Why the PlayMaker ecosystem consists of two cryptocurrencies?

Every transaction on the PlayMaker network will be paid for in PWP instead of PMK cryptocurrency. Fees are collected by the node owners. However, the price action of the cryptocurrency can have a large effect on node rewards. To minimize the direct effects of the PMK token price actions on the network fees, the PlayMaker development team decided to implement a two-coins policy as we felt it is the fairest thing to do for our users as it guarantees a stable transaction fee. PlayMaker can increase or decrease the amount of PWP that is needed to transfer data within the blockchain. PlayMaker can also increase the amount of PWP generated by the network. These options are used to maintain the stability of transaction fees on the network.

How can one invest in the PlayMaker project?

The first round of funding will be focused on institutions (sports organizations) which will that way earn the right to use the PlayMaker technology in its Beta phase of the development. Some of the most interesting strategic partners will be (or already are) approached by the core team to be given the opportunity to back the project early on and will receive the full assistance if they choose to do so. Institutions that we failed to approach (naturally, we will not be able to approach all of them), will be able to use the funding section of our website to invest or can feel free to contact us at any time for assistance, explanation, or with any other inquiry. Private investors will, sadly, have to wait for the results of the private round to be collected as the PlayMaker team doesn’t have the intention to raise more funds than needed to successfully develop PlayMaker. If the core team decides to go forward with the public offering, it will be conducted in three stages. We will announce it in time for investors to prepare, and all interested parties will be able to use the Funding section of the website and/or contact us if they need any assistance.

How to use the PMK

After the funding, once the PMK migrates to the PlayMaker blockchain, there will be more ways to utilize the coin for users’ benefit. First and foremost, organizations which backed the project early will be able to run Authority Masternodes on the PlayMaker network, earning the PWP rewards for securing the system they are using. That way, the initial investment can be paid off in the much shorter timeframe than usual since PWP generated by their nodes can be sold on cryptocurrency exchanges which listed the coin. Secondly, there are other kinds of nodes (listed in the Technology section) users can run on the PlayMaker network, which are acquirable by non-institutional investors. Every node will bring a steady influx of PWP coin tradeable on the exchanges. Furthermore, individuals owning a certain amount of PMK will be able to get tickets for games of their choice through the ticketing dApp developed by PlayMaker, making PMK the center of a lively marketplace. In the end, every investor can speculate on the price of PMK by trading and potentially profiting on a wide choice of cryptocurrency exchanges.

Where is PlayMaker based?

Until now, the three enthusiasts that make up the multi-national core team were doing all the work and no funding was required, thus, the legal company wasn’t the earliest of necessities. However, the end product will need to be distributed from somewhere eventually, and with the growth of the project, the need for additional staff and various other investments appeared, so the company also became a necessity. At the moment, we are working towards establishing a legal entity in Malta since the country has already developed a friendly legal wireframe for blockchain and cryptocurrency-related businesses. Setting up a company takes some time and funds, so we are going to keep our community informed about the progress.

Why have you chosen Ravencoin assets for funding?

Ravencoin is a fantastic open-source platform, and, to be frank, we like and support it!

PlayMaker is developing the solution for training data storage using the blockchain technology and IoT for data harvesting. Furthermore, the PlayMaker ecosystem includes a special ticketing dApp which will enable organizations to cut their ticketing expenses while bringing them closer to their fans.

That way, PlayMaker highly benefits both sides of the equation – sports organizations and sports fans around the world.

Since real-world use cases are somewhat rare in the blockchain industry, and especially as there is no other project similar to PlayMaker, we take special pride in the fact that our end product will solve some obvious issues in sports business as well as introduce the blockchain technology to the sports science.

Simply put, we are producing an all-in-one solution for sports organizations.

PlayMaker is, as stated, a very extensive project that’s integrating a lot of technical aspects to produce a solution.

We are talking about a wide variety of measuring devices strictly dedicated to picking up and sending various body functions readings to the decentralized storage. So, our technology doesn’t rely exclusively on coding. Since PlayMaker doesn’t own a factory of these devices at the moment, we will have to acquire them to develop the end product.

Still, that is only a portion of our need for funding. There are other aspects of the platform that need investing in, like the integration of various technological sides in one working system, which requires the help of other tech-related industries, etc. All of that requires funds, thus, the only way for us to move forward is to conduct the funding campaign.

The allocation of all PMK tokens in existence is clearly displayed on the website and our core team will be as transparent as possible in the usage of the funds raised during the funding campaign.

The PlayMaker development team considers VeChain’s technology to be the one with the most use cases in the industry.

Since our project is utilizing a very similar information flow system as VeChain’s, it presented itself as the best solution. PlayMaker doesn’t look to compete with VeChain but works towards being a complementary technological solution implemented into the entirely new environment, manifested with a finished product.

In the case of PlayMaker, the forked VeChain blockchain will have to be upgraded and highly customized to achieve the best possible results that will fulfill the exact needs of our business partners.

Every transaction on the PlayMaker network will be paid for in PWP instead of PMK cryptocurrency. Fees are collected by the node owners. However, the price action of the cryptocurrency can have a large effect on node rewards.

To minimize the direct effects of the PMK token price actions on the network fees, the PlayMaker development team decided to implement a two-coins policy as we felt it is the fairest thing to do for our users as it guarantees a stable transaction fee.

PlayMaker can increase or decrease the amount of PWP that is needed to transfer data within the blockchain. PlayMaker can also increase the amount of PWP generated by the network. These options are used to maintain the stability of transaction fees on the network.

The first round of funding will be focused on institutions (sports organizations) which will that way earn the right to use the PlayMaker technology in its Beta phase of the development. Some of the most interesting strategic partners will be (or already are) approached by the core team to be given the opportunity to back the project early on and will receive the full assistance if they choose to do so.

Institutions that we failed to approach (naturally, we will not be able to approach all of them), will be able to use the funding section of our website to invest or can feel free to contact us at any time for assistance, explanation, or with any other inquiry.

Private investors will, sadly, have to wait for the results of the private round to be collected as the PlayMaker team doesn’t have the intention to raise more funds than needed to successfully develop PlayMaker.

If the core team decides to go forward with the public offering, it will be conducted in three stages. We will announce it in time for investors to prepare, and all interested parties will be able to use the Funding section of the website and/or contact us if they need any assistance.

After the funding, once the PMK migrates to the PlayMaker blockchain, there will be more ways to utilize the coin for users’ benefit.

First and foremost, organizations which backed the project early will be able to run Authority Masternodes on the PlayMaker network, earning the PWP rewards for securing the system they are using. That way, the initial investment can be paid off in the much shorter timeframe than usual since PWP generated by their nodes can be sold on cryptocurrency exchanges which listed the coin.

Secondly, there are other kinds of nodes (listed in the Technology section) users can run on the PlayMaker network, which are acquirable by non-institutional investors. Every node will bring a steady influx of PWP coin tradeable on the exchanges.

Furthermore, individuals owning a certain amount of PMK will be able to get tickets for games of their choice through the ticketing dApp developed by PlayMaker, making PMK the center of a lively marketplace.

In the end, every investor can speculate on the price of PMK by trading and potentially profiting on a wide choice of cryptocurrency exchanges.

Until now, the three enthusiasts that make up the multi-national core team were doing all the work and no funding was required, thus, the legal company wasn’t the earliest of necessities. However, the end product will need to be distributed from somewhere eventually, and with the growth of the project, the need for additional staff and various other investments appeared, so the company also became a necessity.

At the moment, we are working towards establishing a legal entity in Malta since the country has already developed a friendly legal wireframe for blockchain and cryptocurrency-related businesses. Setting up a company takes some time and funds, so we are going to keep our community informed about the progress.

Ravencoin is a fantastic open-source platform, and, to be frank, we like and support it!

Renren