🚀Overview
The Plays Launchpad stands out from conventional launchpads due to its unique model. Unlike typical launchpads, individual projects or games don't mint their own token; instead, they are mandated to incorporate the $PLAYS and $GEMS Token as their primary utility token. This integration fosters a cohesive ecosystem and ensures the value created by the launched project stays with Plays Token holders.
Moreover, the funding process for projects is notably efficient. Upon acceptance by the Players NFT community voters, projects receive full funding instantaneously from the Plays Rewards Vault. This approach eliminates the lengthy waiting periods often associated with securing project funding, empowering creators to focus on their development endeavors without financial constraints.
Stakeholders
Investors do not need to fund the projects themselves, simply by being a stakeholder in the Plays Token, investors can expect the full upside of each successfully launched project. Investors benefit from a unique advantage within the Plays ecosystem, as they are spared the need to undertake risks associated with individual projects. This is attributed to the utilization of the Plays Token across all projects, which effectively diversifies risks. By leveraging the Plays Token as the common utility token, investors gain diversified exposure to the entire spectrum of projects without having to bear the burden of the uncertainties of a single project.
Furthermore, investors do not need to closely monitor and manually fund projects, thanks to the active participation of the community in the voting process. This collective engagement ensures that projects are rigorously assessed and funded based on their merit, sparing investors the time and effort involved in individual project evaluation.
Holding or staking $PLAYS tokens provides investors with a passive avenue to capitalize on the potential upside of all projects within the ecosystem. This passive investment approach offers a seamless means for investors to align with the growth trajectory of the Plays ecosystem, while simultaneously mitigating risks and maximizing opportunities across the diverse range of projects supported by the community.
Developers
Developers and project owners also benefit from this approach as they gain access to a valuable token that can be integrated into their games and disbursed as play-to-earn rewards. The token has four functions for a funded project:
👨💻 To cover Development costs
🪙 To act as the native currency for the game
🤑 To be the Play-to-Earn reward (if any)
💸 To allow staking within the game
Developers would also join an already existing community with a wide gamer user base. Their game would immediately gain users which is especially important for multiplayer games. This integration not only expands their audience reach but also provides development support, invaluable insights, and feedback from a dedicated developer base.
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