Value Proposition

Voting Rights

The Playex platform will create individual Fan Club Tokens for various athletes and sports clubs including e-sports which would be attached with special rights. Once the athlete or the clubs gets on board the Playex platform, the Fan Club Tokens will be changed to Backed Tokens.

Fans get voting rights by exchanging Playex Virtual tokens including PINR, PUSD, PEUR for Fan Club/Backed Tokens, which provides the Fans with the ability to make decisions for that club, make suggestions to athletes and clubs, participate in various on-platform sports awards and more. The fans use their Fan Club/ Backed Tokens to participate in different polls. All voting results become valid once a particular engagement threshold is reached, and all votes and vote outcomes are saved in Playex’s side.

Maintaining the Integrity of Athlete and Team Management

Every team and organization on the Playex platform will have their own semi-autonomous organization, with democratic norms requiring Fan Club/Backed Token holders to vote on multiple team-related decisions. These semi-autonomous organizations are made up of smart contracts that run on the Playex side, ensuring that only Fan Club/Backed Token holders can participate and so affect the system proportionally to the number of Fan Club/Backed Tokens they own. Votes controlled on the transparent systems are publicly auditable, ensuring that neither the Playex platform nor the organizations that use it can tamper with voting results or ignore the advice of fans. Additionally, the Fans get to suggest to their favorite athletes some important insights which the athletes may use to make their game better. Furthermore, the Fans get to vote for their favorite athletes and clubs in various on-platform awards.

Initial Player Offering™

On Playex, Fans get a democratic way to buy first-offer Fan/Backed Tokens from newly introduced athletes, sports clubs and sports organizations.

When a new athlete or sports club joins Playex, their supply of Fan Club/Backed Tokens is made available to fans on a first-come, first-served basis at a set price. Fan Club/Backed Tokens can only be listed or re-listed on Playex's shared marketplace once they have been received by fans. This fixed-price 'order queue' is in place to ensure that users have a transparent and fair first chance to purchase any specific Fan Club/Backed Token.

How Initial Player Offering™ Works?

Each new athlete, team or organization on-boarded to the network decides on an initial Playex-pegged value for its Fan Club/Backed Tokens. This is a set price (in PINR, PEUR or PUSD) at which all fans can buy certain Fan Club/Backed Tokens when they first become available.

Purchasing access to these limited-edition Fan Club/Backed Tokens acts as a virtual line. Before the release, fans can pre-purchase a certain number of tokens, which will be delivered in the order in which they are received.

Initial Player Offerings are also subject to volume considerations.

This means that each user has a set number of Fan Club/Backed Tokens that they can pre-order. This may vary for different athletes and clubs, but the eventual purpose of capping remains the same: to ensure that no single user has a monopoly on Fan Club/Backed Tokens. Even after a new athlete or club’s Fan Club/Backed Token Offering time ends and their Fan Club/Backed Tokens become live on the Playex marketplace, these user-by-user ownership caps are maintained.

Fan Tokens: Purchasing and Selling

Fans can buy, trade, and grow their 'Fan Token Portfolio' on a gamified marketplace.

Fans who own one or more Fan Club/Backed Tokens on Playex have access to the marketplace on Playex.io. Fans can sell their voting rights (Fan Club/Backed Tokens) on this site. Users can use their ownership positions to exchange Fan Club/Backed Tokens for Playex at dynamic prices with this dynamic, gamified system.

Users can post their Fan Club/Backed Tokens for any price they like - for example, 20 PINR for a certain Fan Club/Backed Token - but this does not guarantee that they will sell. Only the lowest Fan Club/Backed Token price is visible to buyers. Once that token is purchased, the next lowest price becomes apparent and serves as the current public value of that Fan Club/Backed Token. Each Fan Club/Backed Token price point in the Playex shared marketplace is updated in real-time, so where and when users elect to purchase or sell Fan Club/Backed Tokens becomes a strategic factor, just like it would in a traditional market or exchange.

Fans who sell their Fan Club/Backed Tokens at auction can use the PINR (PUSD/PEUR) they earn to diversify their Fan Club/Backed Token holdings across teams or other entities, or to continue expanding their voting stewardship in a single team.

A Gamified Economy and Business Model: Playex coins have genuine utility thanks to the Playex marketplace, it will help people across the globe to fund and withdraw their wallets in PLYX tokens. The acquisition of voting rights in/for a fan's favorite athlete, clubs and organizations becomes a meta-game in and of itself when traded in a sub setting. Trading micro-fees collected by the platform represents a long-term business plan for the Playex platform.

Transparency and auditability are important.

For our users: To be the currency and platform that, combined, operate as a fan decision-making engine, allowing fans to meaningfully influence their favorite athlete/teams while maintaining perfect Integrity.

For our associate athlete/team: To generate and fairly distribute revenue collected through the Playex platform.

Trust in our currency and the platforms and products it powers is critical – for both our users and partners – but we also recognize that trust is insufficient when it comes to ensuring that voting rights are used properly and revenue is appropriately accounted for.