updated details Peerplays
Peerplays is the World's First Decentralized Tournament Management and Wagering Platform Built Entirely on the Blockchain
Guaranteed Provably Fair Gaming
Peerplays' provably fair gaming system is 100% open source and built directly onto the blockchain. You never have to worry about cheaters or unfair house odds, because all games take place between real players and are matched with each other through a series of on-chain smart contracts.
The core tokens of Peerplays are integrated into a fee-sharing program called Fee Backed Assets or "FBA". This means the blockchain automatically distributes a percentage of the fees from every jackpot for every game on the entire network to the holders of Peerplays core tokens.
Lightning Fast Speed
& Network Capacity
Peerplays is built on Graphene, the fastest decentralized blockchain technology in the world. Graphene has been successfully tested to handle over 100,000 transactions per second with average block times of under 3 seconds.
Digital Asset Exchange
You can create your own tokens, buy and sell gateway tokens for popular cryptocurrencies like BTC and ETH, wager with price-stable SmartCoins from the BitShares platform from a growing number of reputable gateway services. You also have the opportunity to provide your own profitable gateway services for in-game assets from all your favorite RPGs.
Casino card games are adjudicated by smart contracts as part of the native blockchain code, and Peerplays' player matching algorithm creates a trustless on-chain gaming environment. Since Graphene is incredibly fast, it allows for the broadcast and revealing of blinded proofs at the frequency necessary to facilitate real-time gameplay.
The Peerplays blockchain automatically pays you a percentage of the revenue earned by each new account you refer for the lifetime of that account. This means you earn "kickbacks" from everyone you refer. Gaming partners can earn even more by getting all their users to sign up for a Peerplays account.
The Peerplays blockchain can sponsor large tournament jackpots by allocating a small percentage of every network fee into a smart contract-secured virtual account called the Mega-Jackpot Fund. Mega-Jackpot tournament events are automatically scheduled, and then funds are unlocked by the smart contract and instantly transferred to the tournament winners.
You can earn PowerUp tokens every time you play in a Peerplays tournament. They are the player rewards points of the Peerplays network, and are distributed according to win-loss records and amounts wagered, among other factors. PowerUp is the only token accepted as the buy-in fee for Mega-Jackpot tournaments, so they will be in high demand during Mega-Jackpot sign up periods. They are tradeable on the digital asset exchange.
Peerplays leverages the power of stakeholder voting to resolve consensus issues in a fair and democratic way. All network parameters, from fee schedules to block intervals and transaction sizes, can be fine tuned by elected delegates chosen by you and fellow stakeholders.
Gaming Partner Support
As a gaming partner, you can connect your server through the Peerplays API and take advantage of the decentralized network for processing wagers and jackpots. You can also customize tournament structures, fee schedules, and fund collection & distribution methods in order to maximize your profit potential. Whether you are a game publisher, advertiser, tournament host or vendor, if you plug into Peerplays you will gain shared access to the entire network of users while still enjoying the freedom of operating your own independent website.
Players love PeerPlays for the opportunity to compete against their peers, win huge prizes, and organize their own tournaments.
Gaming companies love PeerPlays for the opportunity to gain the network effect of a shared user base and to outsource the liability for wagering, betting and payment processin
Contributors love PeerPlays for its unique profit sharing capabilities, its one share, one vote blockchain consensus model, and its innovative & trustless business model.
Announcement – BTS Snapshot Date
THE PEERPLAYS TEAM IS HAPPY TO ANNOUNCE THE DATE FOR THE BITSHARES (BTS) TOKEN SNAPSHOT.
What is a Snapshot?
Snapshots are a way of distributing ownership of tokens in a blockchain, and share-dropping is the vehicle through which shares in the new chain are proportionally issued. The token allocations for the Peerplays blockchain can be found here.
When the Peerplays chain is launched, the genesis block or “first record” contains shares that can only be unlocked using the private keys that correspond to each public key that was recorded in the snapshot. Since the rights to crypto-currency ownership are contained within the private keys, token holders must simply input their private key from the chain the sharedrop was based on into the new chain, and their new shares become unlocked.
The state-of-the-art blockchain infrastructure behind Peerplays (called the Graphene toolkit) is the end result of 2 ½ years of research, hard work and dedication from a large number of individuals and teams, many of whom are holders and/or participants in the BitShares (BTS) project.
Peerplays has chosen to sharedrop 5% of its tokens onto BTS as a tribute for the work already achieved, and also as an incentive to promote future support from those who have participated in building this amazing open-source technology.
Because a “hard date” could potentially cause unnecessary BTS market volatility, the snapshot will instead take place on a random block that falls between the date range of:
SEPTEMBER 1, 2016 (0:00 UTC) – SEPTEMBER 16, 2016 (0:00 UTC)
All BTS held in collateral for SmartCoins as well as BTS held in open market orders will be included and honored in the snapshot.
Please be advised: Peerplays will not sharedrop onto any publically known exchange or 3rd party escrow account addresses. To guarantee that you receive your entire sharedrop, you must hold BTS in your BitShares wallet ( ie. “Freedom Ledger” or “Open Ledger”) during the entire date range specified.
The security of the Peerplays blockchain is dependent on shareholder participation. In the past, certain exchanges have promised to distribute share-dropped tokens onto their users, only to rescind that promise at a later date. Furthermore, other exchanges have chosen to exercise the voting rights of their users’ tokens without obtaining express permission from their users to do so.
We believe that most cryptocurrency exchanges are reputable, honest and professional. However, since we cannot fully guarantee the trust of our users will not be violated by the methods outlined above, we have determined that the potential security risks in allowing any exchange to participate in the sharedrop process outweighs the convenience that might be afforded by supporting them.
Lucky for everyone, BitShares happens to contain its own fully functional on-chain exchange with gateway tokens available to trade in dozens of popular cryptocurrencies. We are hopeful that these existing features will offset any trading inconvenience experienced during the snapshot process.
If you have any questions about the snapshot, please visit the announcement thread on the bitshares forum, or email us at powerup @ peerplays.com.
TECHNICAL NOTES: To determine the exact block of the snapshot, the
block id of the last block produced after 0:00 UTC September 16 will be
divided by the number of blocks produced from 0:00 UTC September 1st
through 0:00 UTC September 16th, and the remainder (mod) of that
division will represent the block number (from this date range) that the
snapshot will be taken.
For more on Peerplays and latest news follow @peerplays
The Game is Ready to Play!
The first Peerplays on-chain game has arrived!
Join the Peerplays testnet right now and be a part of blockchain history
Peerplays is about replacing the need for for centrally controlled and restricted online gambling platforms with a provably-fair and open wagering system. Hold on to your joysticks folks…we are about to crash the party. Today, the world’s first real-time interactive game built entirely on the blockchain is ready for you to play!Since all games on Peerplays take place peer-to-peer, you must have a partner or group of people to play against. Here are some suggestions for finding partners:
Invite a friend or family member to create an account and join you.
Head over to the Peerplays RocketChat channel and find a community member to play with.
Create a tournament with a future start time, and specify the number open seats for players, and then wait for people to join. The video below explains more about how to create and join tournaments.
The Peerplays test net uses the exact same blockchain technology that will soon be launched on the main net, and thus it stands as a true working prototype. We want to thank the Peerplays community – we wouldn’t have gotten this far without all your support. Please stay tuned – some major announcements are coming shortly!*There may be periodic down time on the test net, as fixing bugs is a part of testing. If you experience any glitches or odd behavior, please share your feedback at https://peerplays.chat/channel/testnet-feedback.
**Important Announcement** PEERPLAYS Snapshot Date
PEERPLAYS Snapshot Date
The Peerplays team would like to announce the snapshot date for the PEERPLAYS token.
If you are holding or trading PEERPLAYS tokens right now, please read this announcement carefully!
Why is a PEERPLAYS snapshot needed?
From May to June of 2016, $500,000 USD in Bitcoin was donated to the Peerplays blockchain project by contributors in a public pre-ICO crowdfund. These contributors received receipts for their donations in the form of digital tokens called “PEERPLAYS”, which later became tradeable on the BitShares decentralized exchange. If you currently hold or trade PEERPLAYS tokens on Bitshares, you are holding one of these donation receipts.In the original pre-ICO announcement, the Peerplays team proposed to raise funds to achieve the following development goals:“Completion and delivery of the on-chain tournament management platform, the on-chain wagering system, the automatic profit sharing distribution system, and the world’s first game built directly onto the blockchain itself.”As of last Friday, December 2, 2016, the Peerplays team has successfully completed all of these development goals with the release of Rock, Paper, Scissors, a real-time interactive on-chain game prototype on the Peerplays public test net. The next phase of the project will involve the official Peerplays ICO, followed by the launch of the blockchain.
What is a “snapshot” and how will it work?
A “snapshot” is a way of creating a record of who holds a particular asset or token as of a specific date and time, so that holders of such asset or token can be allocated a proportional stake in a new blockchain. When the new blockchain is launched, the genesis block or “first record” contains new tokens that can only be unlocked using the private keys that correspond to each public key (from the old tokens) that was recorded in the snapshot. In other words, if you hold PEERPLAYS tokens at the time of this snapshot, you can then unlock the corresponding Peerplays blockchain (PPY) tokens when the official blockchain launches by importing the private key (owner key) backup from your BitShares account into the new Peerplays blockchain wallet.
When does the snapshot happen?
Currently PEERPLAYS tokens can be traded on the Bitshares decentralized exchange but cannot be transferred between Bitshares accounts. All trading of PEERPLAYS tokens will be halted and will no longer permitted as of December 23, 2016 at 12:00am EST . If you would like to buy or sell PEERPLAYS tokens, please be advised that you must complete all of your trades on the BitShares decentralized exchange (Freedom Ledger / Open Ledger) before 12:00am EST on December 23, 2016. For the subsequent 3 days after December 23, 2016 (ending at 12:00am EST on December 26, 2016), transferring of PEERPLAYS tokens will be permitted, which means you can transfer your PEERPLAYS tokens to any BitShares account you wish. This will be useful, for example, if you want to consolidate your PEERPLAYS token balances into a single account, or if you currently hold your PEERPLAYS tokens in group Bitshares account and now the members of your group wish to hold their tokens in separate Bitshares accounts. After this 3 day period is over, on December 26, 2016 at 12:00am EST, all PEERPLAYS token transferring activity will no longer be permitted, and a snapshot of PEERPLAYS tokens will be taken.
When is the next Crowdsale, and when does the Peerplays Blockchain go live?
The date and format of the Peerplays ICO, along with the milestones for phase 2 of the project will be released in a few weeks. For now, stay tuned to the Beyond Bitcoin Hangout every Friday morning at 10am EST for updates and Q&A with Jonathan Baha’i and Michael Maloney, and be sure to head over to the test net to try out the world’s first real-time interactive on-chain game!– The Peerplays Team
Beyond Bitcoin Hangout – Peerplays Update
**Important Announcement** Peerplays Crowdfund Date
The Peerplays team would like to announce the official crowdfund date.
The Peerplays crowdfund will begin on Sunday, February 26, 2017 at 15:00 UTC.
Details of the Peerplays crowdfund will be released in the coming weeks.
Please stay tuned to Beyond Bitcoin every Friday morning at 15:00 UTC for the latest Peerplays updates,
including live Q&A with Peerplays founders Jonathan Baha’i and Michael Maloney.
US$4 million bet on Peerplays blockchain, before crowdsale
Debert, Nova Scotia – February 17, 2017 – Peerplays (www.peerplays.com), a peer-to-peer gaming and wagering platform designed to displace traditional sportsbooks and online casinos, has raised US$4 million in donations from strategic parties in advance of its crowdfund which will begin on Sunday, February 26, 2017.
“We’ve had a lot of proactive interest from various players since we launched our test net a few months ago,” said Jonathan Baha’i, President of the Peerplays Blockchain Standards Association (PBSA), “and Peerplays has now grown into an international multi-party effort. We decided to accept early donations from those whom we are confident will bring strategic momentum far beyond capital.”
On Peerplays, players will be able to wager bitcoin and other digital currencies on sporting events, casino games and online tournaments from anywhere in the world. Unlike traditional server-based gambling platforms, Peerplays is built on a blockchain which allows players to securely compete against each other in a provably-fair gaming environment without the need for a casino middleman.
“Peerplays eliminates the high fees and counterparty risk of traditional gambling, and leverages smart contracts on the blockchain to create a frictionless gaming experience.” said Baha’i.
“The token model is unprecedented,” said Michael Maloney, Director of Intelligence at PBSA, “because token holders control the blockchain in every sense, from governance to proceeds. With Peerplays, each token holder receives reward payouts from every game played on the entire network, proportional to the amount of tokens they hold.
“This technology will compress the entire gaming industry into a single blockchain,” said Maloney, “which is now recognized by large players in the space, many of whom we are in touch with.”
The Peerplays crowdfund starts at 15:00 UTC on February 26, 2017. All donations, which will be held by an independent third-party trustee on behalf of PBSA, will be used to encourage and support the continued development of Peerplays. Upon launch of the Peerplays blockchain in spring 2017, players will be able to wager on games from anywhere in the world using the free downloadable app.
PBSA was incorporated in December 2016 as a non-profit association under the Canada Not-for-profit Corporations Act (NFP Act) to encourage and support the development of the Peerplays blockchain and to promote provably-fair gaming standards for the Peerplays blockchain globally.
Michael Maloney Director of Intelligence Peerplays Blockchain Standards Association 47 Lockheed Crescent, Debert, NS, B0M 1G0 +1 902 442 6266 [email protected]