Initial Player Offering™ (IPO)

Good to know: Splitting your product into fundamental concepts, objects, or areas can be a great way to let readers deep dive into the concepts that matter most to them.

Initial Player Offerings are offerings made by Playex for the users to apply for their favorite Fan Club/Backed Tokens. After allotment of these tokens the users can either hold the Tokens for enjoying/utilizing the rights that comes with it or sell it to other users at a certain price.

Play Small, Trade Big

The athlete’s token trading brings immense excitement to the users where they can win big every minute. Once the users get well-versed with the statistics of their favorite athlete, they will apply in the IPO for the Fan Club Token or Backed Token of that athlete. Each of those tokens contains certain “rights” attached to it. The user after being allotted the tokens can either keep them and utilize the rights attached to it, or sell them to an another user anonymously on the platform’s exchange.

Note: The ‘right’ on every fan club/backed token is termed as the right to vote, engage, participate, etc. These rights can be utilized through various polls, rewards, quizzes, as and when available on the platform.