The price of Peerplays (PPY) today is $ 0.00000000. In the past 24 hours, its value has increased by +0.00%. Please keep in mind that cryptocurrency prices are extremely volatile and can change rapidly.
Peerplays (PPY) is a decentralized gaming platform and autonomous sports betting exchange built on the Graphene blockchain. It aims to provide operators with complete control over their gaming environment without any third party interference. PPY, its native token, is being utilized in the ecosystem for token holders to profit from fees generated within the network.
Peerplays was developed and released by the Peerplays Blockchain Standards Association (PBSA), a Canadian non-profit organization, in 2017. The PBSA conducts research, develops resources, and creates standards to promote a healthy growth environment for the Peerplays blockchain.
Peerplays is built on the Graphene blockchain technology which stands out due to its high speed and flexibility. PPY holders participate in the decentralized protocol's governance by voting on protocol upgrades and other key decisions. Peerplays boasts of a diverse gaming ecosystem including games like poker, lottery, slots and sports betting, all of which are provably fair and fully transparent.
What makes Peerplays truly unique is its Peerplays Core Token (PPY). PPY holders are entitled to a share of the profits from games on the Peerplays blockchain. This innovative revenue model gives players the chance to become stakeholders in the platform's success.
With a maximum possible supply of 5.6M PPY tokens and a current circulating supply of 4.5M, Peerplays maintains a healthy circulation of tokens in the market.
The security of Peerplays Network is maintained through a delegated proof-of-stake (DPoS) consensus mechanism. This means that only token holders who have staked tokens have the authority to validate transactions and propose network changes – a system that encourages active participation in the ecosystem and bolsters network security.
As of today, the market cap of Peerplays stands at $ and is currently ranked #1 in terms of overall market capitalization.
In the past 24 hours, approximately worth of PPY has changed hands across various cryptocurrency exchanges. This trading volume gives the token good liquidity.
Peerplays (PPY) tokens can be bought on Livecoin, Idax. Remember to do your own research before you invest in any cryptocurrency and always use a trusted exchange platform for your transactions.
Just like other cryptocurrencies, your Peerplays tokens are safest when they are stored in a secure wallet rather than on an exchange. Hardware wallets, which store your private key offline, can offer a high level of security. Always remember to backup your wallet and protect your private key.
As for the future development of the Peerplays project, it largely depends on community participation and the decisions of PPY token holders. As per claims of the Peerplays team, they are continuously working towards adding new games and features, improving protocol efficiency, enhancing user experience and expanding the Peerplays' user base across the globe.
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