PLAYHALL PLATFORM THE FIRST MULTI- CRYPTOCURRENCY SKILL GAMING PLATFORM

PlayHall Tokens (PHT) The PlayHall Token (PHT) is an ERC20 token created on the Ethereum blockchain platform. The PHT serves as a payment tool within the PlayHall ecosystem. We opted for ERC20, since it is a time-tested up-to-date reliable standard. PlayHall tokens will allow gamers to participate in tournaments, while also being a major tool for decision making on issues concerning platform management, or gaming process organization through voting. Organization PHT tokens will also be used in PvP matches, along with other cryptocurrencies available on the platform, including: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Dash (Dash), ZCash (ZEC), Bitcoin Cash (BCH).

PlayHall token emission makes it possible for us to finance the platform more from the perspective of development and marketing; it will also extend the geography of the project. The Use of PHTs Tokens will be used for gaming on the mobile platform to maintain interest, and to reward active players. Tokens will provide the opportunity to develop a decentralized virtual gaming market, and will also allow players to participate in matches and tournaments. Gamers can place bets in PvP matches using any cryptocurrency available on the platform, including PHTs. The commission from PvP matches will account for 6% of the gain, where one half (after the deduction of expenses on marketing and prize fund allocations) is awarded to the game developer, and the other half goes to the platform’s further maintenance and development.

Decentralized gaming platform A trusted third party required in traditional online gaming business for recording results is substituted with a code, run by the system of our smart contracts, which has been developed and implemented on the PlayHall platform. Such contracts are normally escrows, which can be activated with certain actions performed by participants. Due to the lack of a person who has the role and rights of an administrator, capable of changing the distribution of processes’ numeral values and their results, there is no risk of corruption and fraud in favor of the third party. Such unchangeable code sequence inserted into the blockchain on which the smart contract is based, is considered to be quite a useful function in terms of arbitrage of results of any games or events. The system security is achieved due to transparency, consistency, and cryptographic verifiability of the software used for automation of processes. One of our major goals is to eliminate the necessity for a trusted party in all aspects of the online game industry. Achievement of such a goal will open the following opportunities:

✓ Decrease in running costs of online game operators (consequently, they will be able to provide higher rewards for gamers);

✓ A lower risk of fraud at all stages of a game process and payment of rewards;

✓ Maintenance of an actual balance of an account for all online games at once;

✓ An additional work monetization for games developers;

✓ Launch of an open ecosystem for smart gaming that is provably fair for all the parties concerned.

The platform will hold regular prize tournaments. A part of the platform commission from every gain will be allocated to the prize pool. Participation in such tournaments will be open only to PHT holders. Half of the raised PHTs goes to the developers of the game, on which the tournament is operated. The other half is allocated to the further maintenance and reinforcement of the platform reserve fund. The prize pool is distributed among the tournament winners with 0% commission. Apart from regular prize tournaments, the PlayHall platform will hold numerous decentralized tournaments. Winners will pay commission equal to 10% of their gains. Half of this commission (after the deduction of expenses on marketing and the allocations for prize tournaments) goes to the game developer, the other half is allocated to the platform’s maintenance and development. This higher rate of commission is due to the greater expenses of the platform (assistance in tournament organization, server capacities), as well as game developers’ greater expenses, such as the realization and maintenance of the tournaments and server load. Another peculiarity worth mentioning is that the gamers will be able to purchase PHTs right on the platform, quickly and easily, both with popular cryptocurrency (Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Dash (Dash), ZCash (ZEC), Bitcoin Cash (BCH)) and fiat money (USD, Euro). The exchange rate will be 10% higher than the one on the market. This 10% is allocated to the regular prize tournaments prize pool (after the deduction of expenses in acquiring fiat payments).

To participate in the first stage it is necessary to fill in an application form and submit it either via the user PlayHall Developer Dapp interface or by creating a transaction yourself, and sending it to the Ethereum network address of the smart-contract ‘PlayHall Developers Registry’. The proportion for voting on accepting new developers is as following: ● 60% of votes allocated to the Play Hall Delegate Token; ● 40% of votes allocated to the Play Hall Weight Token; ● The minimum number of Play Hall tokens is 10,000; ● The voting duration is established by the address that sends the application (the minimum duration is seven days, the maximum is 28 days); ● Play Hall Committee token owners enjoy veto power: ○ Quorum is 80%; ○ The maximum duration is one week after the end of the major election, or during the election. Below is an introduction to the essence of the protocol parametrization models.

Diagram. Essence of the protocol parametrization models.