Q1: Can you briefly introduce yourself ?
And also can you have a brief overview of the Playcent project?
Hi, I am Sandeep, co-founder and CEO at Playcent, thanks for having me. About me – I have worked with an investment firm since early 2017 and has a vast network of Blockchain industry and gaming connections.
I started Playcent with my Co-Founder Jay in late 2019 when we found an opportunity for a No code platform to democratize software development.
Playcent is a blockchain based user generated content platform for interactive apps and games. It’s a remix tool that anyone can use to make interactive dapps, games, and mini-apps based on the various templates created by independent developers.
TikTok popularized “remix” culture ( users remixing existing video and audio clips ) and has grown to billions of users, but Playcent wants to go one step further by making mini-apps, games, and dapps remixable.
Q2: As far as I understand Playcent is an application that allows creators, developers, gamers, so how can they participate and what benefits get in return? And how to judge their rewards on the platform?
Playcent provides simple visual interfaces using which non-techies can launch their own dapps, games and NFTs using the templates which we provide.
developers, creators and gamers are key to the platform
Developers create templates on the playcent platform and get rewarded under developer reward program.
Creators clone these templates and launch their own version of games and dapps. They get paid when gamers/users do In-app transactions or play/browse their games, dapps.
Q3: An important token question can you share some of your token sale plans? How many rounds will be sold? also share some token metrics
We have recently closed our seed and private round from few of the leading VCs
our IDO on poolz is scheduled for March 6th
whitelist is already live
token metrics can be found here:
$PCNT, the governance token in the Playcent ecosystem lives on both Matic and Ethereum chains. It will be used as a base ecosystem payment currency, to stake in the system, and as a governance token when the governance module is launched.
Token holders can stake, participate in the governance, and also control the treasury funds.
Playcent charges 5-10% transaction fees on all the payments on Playcent platform. part of the transaction fees go to the treasury
token holders can stake, participate in the governance, and also control the treasury funds.
What motivation made you to build Playcent? What is the main vision and mission of Playcent ? And what are the advantages that make Playcent different from other projects?
Creating software has evolved ever since the internet, yet there is not so much of familiarity with the same. It takes expertise for creating such software and the drive to take it from very scratch to production is quite a bit of a task.
That’s when we have thought of creating a base for creating software on which users can build upon. That’s how the idea for playcent has begun.
Playcent aims to democratize software development by allowing non-techies to easily create interactive apps, games and other user generated content in minutes.
No code: WIX, Bubble
Social money: Tryroll, rally
Passion economy: OnlyFans, Gumroad
Playcent apps are ‘full-stack apps’ that can be created in minutes and shared everywhere on the internet. Playcent apps do similar things to Gumroad, OnlyFans, Wix, Rarible, and Cameo, but don’t require users to leave social networks to engage/transact.
Token burn” is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does your great project have a plan about token burn?
Total token supply is fixed. Currently, the token is not deflationary.
but through governance, the community can decide through votings
Token demand might increase as the treasury funds grow and transactions on playcent platform increase.
How does PlayCent get profit? What are the features that distinguis #PlayCent From other similar applications? And What are your plans to expand & gain more adoption?
Playcent charges 10% transaction fees on all the payments on Playcent platform. Utilizing basic features of the product for free, and charging for any premium content (Example: Social token available as payment requires the user to have its premium unlocked).
1: No code interfaces to launch your own dapps, games, NFTs
2: Community governed platform that rewards it’s network participants based on their Activity
( Gamers, Developers & Creators )
3: Creator tools that enable influencers to issue a social token and monetize using creator kit
currently we are focusing on social token infrastructure and NFT marketplace on layer2
we will be collaborating with brands and influencers to launch NFTs and onboard users
What are your plans for the global expansion of Playcent ? is Playcent only focused on the current market? Or focus on building & acquiring users or partnerships? Can Playcent tell us?
we will be hiring global ambassadors to help reach playcent to different users. we will be focusing on onboarding users and partnerships which in turn help with project growth
What is yourtarget market? Who are potential customers or clients that you are focusing on? What is your marketing strategy or plan to attract more users globally, especially in communities where English isn’t spoken?
currently we are focusing on passion economy sector, allowing influencers and creators to create NFTs, games and dapps using which they can monetize from their community
we will be onboarding users by partnering with brands and influencers.
with multilingual site and global ambassadors, we plan to remove the language barrier to our product
1.Why is the development of Hyper-Casual games important for PlayCent and how does how does Playcent benefit over cost reduction and development time?
Hyper casual games present real, quantifiable value to brands, businesses, and influencers to engage their users. These groups currently commission the creation of hyper casual games as marketing tools for $15-150k per game, with a development lead time of 4-12 months. By reducing the cost and development time, Playcent gains market penetration, early revenue.
we generate revenue by charging premium subscriptions and trasaction fees.
2.Can you provide the latest products or features in the nearest or long term at this time in PlayCent and where can I get information about the latest PlayCent?
We started Playcent development in Q1 2020 and have been quite active since then. We have launched a beta version of the product with over 20 templates in Q3 2020.
Recently we have integrated a token ecosystem around our platform and we are currently in testnet (Matic chain).
Here is our roadmap for the upcoming months https://whitepaper.playcent.com/roadmap
currently we are working on NFT marketplace and social token infrastructure
3.Defi, NFT, mining and Burning are very popular now, what measures have been taken to increase $ PCNT in the future?
Playcent charges 5-10% transaction fees on all the payments on Playcent platform. part of transaction fees goes to DAO treasury.
$PCNT token holders can stake, participate in the governance, and also control the treasury funds.
Token demand increases as the treasury funds grow and transactions on playcent platform increase.
4.What do Playcent think is the future of digital collectibles and NFTs and how then does Playcent plan to be at the forefront of this innovation?
Collectibles and NFT market is booming. We plan to provide no code tools using which you can mint your own NFT and trade it in our marketplace.
This way we will be able to onboard mainstream users
5.What is the transaction speed of PlayCent in comparison with ethereum erc-20 blockchain and others?
Playcent is built on ethereum and runs on Matic blockchain. We initially chose Ethereum back in 2019 due to the number of developers building on the platform, and the ability to build an MVP quickly. As time passed it became clear that building a blockchain UGC Platform solely on Ethereum would not be feasible from a scalability standpoint.
transactions on playcent are nearly instantaneous, thanks to matic and biconomy
End of AMA Summary, Thanks Playcent project for trusting and organizing AMA with us !!