Decentralized Gamer Playkey Buys Back PKT on HitBTC, Plans Next Steps

During May 29 and 29 June, decentralized gaming platform Playkey plans to buy back the PKT token on the HitBTC exchange. Although the buyback price will be determined by the exchange rate, the platform believes that the rate shouldn’t exceed $1.24 per PKT. During the buyback, there will be a daily budget limit of $66,000.

“We do that in accordance with our roadmap to keep the PKT price under the review and to increase the quality of the PKT holders, giving the chance to former bounty participants to sell PKT,” explained Playkey CEO Egor Gurjev.  “What’s more important, the buyback will help us to accumulate PKTs on the Playkey Foundation site i.e. get ready for the next important step in the Playkey development. In June, 2018, Playkey expects to begin accepting PKT as payment for subscriptions on Playkey.net’s operational gaming platform, which is still centralized.”

The Russian company hopes that the token buyback will provide stability during the launch of its PKT payment option. Playkey intends to use the repurchased amount of tokens to eliminate the threat of an artificial token deficit in the public sale.

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Playkey.io is the concept of the blockchain-features decentralized ecosystem for gaming services that is based on Playkey, a cloud gaming provider that gives a “reasonably-priced opportunity” for players to play top-rated games anytime and anywhere, using an obsolete laptop or MAC device connected to the internet, without having to purchase a high-end PC or console. The Playkey centralized cloud gaming platform is currently available for Russia, CIS, Germany and the UK.

The core participants in the new Playkey ecosystem are primarily gamers and miners (cloud gaming hardware providers). The Playkey idea is to create an ecosystem for cloud gaming based on P2P and blockchain technologies featuring dozens of independent owners of powerful computers worldwide (miners) united within a community, and acting as a cloud gaming service provider.  Playkey aims to give miners a more efficient option to utilize their computational capacities that is more efficient, more stable, and less risky than ordinary cryptocurrency mining. In addition, Playkey anticipates that gamers will be able to choose better and closer servers for playing with minimum latency and lags, ultimately building a large, private and professional community of miners to become the largest cloud gaming platform.

Paykey has partnerships with several game publishers including Ubisoft, Bethesda, Namco, 2K, Blizzard and Wargaming. Previously, Playkey brought in $2.8 million in investments from European venture funds. As a result of the November 2017 ICO campaign, the project collected over $10.5 million to develop the decentralized Playkey P2P solution, which is scheduled to be launched at the beginning of 2019.


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