# Token Details

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**Name** - Playex

**Symbol** - PLYX

**Type** - ERC20

**Contract** - 0xbD4cAB245873CAFac2332B8f60bE45E4e2E38E87

**Decimals** - 18

**Total Supply** - 1,000,000,000 **PLYX**
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{% hint style="info" %}
**Good to know**: Tokens purchased from the <mark style="color:green;">PLYX</mark> sale and distribution will have a 12 month release period with a 6 month cliff. 50% of the tokens will unlock after 6 months after which tokens will follow a monthly linear release schedule.
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A PLYX token is a cryptocurrency token that allows token holders to profit financially from the sports fantasy app by securing wallet funding to engage in various games, tournaments, and marketplaces.

PLYX Tokens are ERC20 tokens that were created as part of the company's initial coin offering (ICO) and private sale. The PLYX token provides users with access to the Playex platform and beyond by allowing them to safely fund wallets and withdraw funds as and when needed around the world. PLYX token holders will have access to additional premium features on the platform in the future.

### **IPO Airdrops**

The PLYX IPO pool allows PLYX holders all around the world to participate in IPOs and be considered for IPO Airdrop events.

Each IPO airdrop is a one-time event open exclusively to PLYX holders and is only valid for the length of the IPO. The IPO airdrop is shared among PLYX token holders who participate in the IPO on an IPO-by-IPO basis.

### **Discounted Trading Fees**

Holders of PLYX tokens will receive a discount on trading fees.

Some Frequently Asked Questions

**What is Ethereum?**

Ethereum is a decentralised public blockchain network that focuses on running decentralised application programming code. Simply said, it is a global platform for sharing information that cannot be altered or changed.

**What is ether?**

Ether, often known as ETH, is a decentralised digital money. Ether is a cryptocurrency that powers the Ethereum network by paying for transaction fees and computational services in addition to being a tradable cryptocurrency. Ether is laying the groundwork for a smarter financial platform.

**What is ERC20?**

An ERC20 token is a blockchain-based asset that functions similarly to bitcoin, ether, and bitcoin cash in terms of storing value and sending and receiving transactions.

ERC20 tokens differ from other cryptocurrencies in that they are created and housed on the Ethereum blockchain, whereas bitcoin and bitcoin cash are native currencies of their respective blockchains.

Ethereum addresses and transactions are used to store and send ERC20 tokens, while gas is used to cover transaction fees.

**Why ERC20?**

ERC20 is an approved framework for proposing Ethereum (ETH) network enhancements. The proposal identifier is 20 and the ERC stands for Ethereum Request for Comment. On the Ethereum blockchain, this is a typical standard for issuing tokens.

This token standard establishes a set of rules that all ERC20 tokens must follow in order to interact with one another.

The standard is used by wallets and exchanges to integrate various ERC20 tokens onto their platforms and to facilitate ERC20 token-to-cryptocurrency exchanges.
