About PlayDapp (PDA)
PlayDapp is a decentralized gaming and entertainment platform and interface. The PlayDapp platform aims to convert non-crypto-based users to blockchain-based gamers through its expansive gaming and crypto network.Games available on the PlayDapp platform are primarily offered as NFTs (non-fungible tokens), which users can purchase directly from other users on the blockchain-based platform. PlayDapp (PDA) is the native cryptocurrency of the PlayDapp platform. It is an ERC-20 token that runs on the Ethereum blockchain.
PlayDapp recently initiated the migration from PLA to the new PDA tokens due to a smart contract breach that led to the creation of 1.79 billion unauthorized PLA tokens. PLA holders can swap their tokens for PDA on a 1:1 basis, with PLA from Ethereum and Polygon being exchangeable for PDA on Ethereum.
Token Swap: PLA to PDA tokens
This token swap will be available for 24 months, with direct migration via the Migration Portal open for the first 12 months, followed by a 12-month period where customer support will assist with any migration issues.
Post-migration, PLA tokens will loose their utility except for their conversion to PDA tokens. The new PDA tokens will retain all the functionalities of the PLA tokens and introduce enhanced features such as multi-signature controls, snapshot functions, and separate pause and burn authorities, eliminating the minting function. Additionally, a DAO voting mechanism will be integrated to improve engagement and transparency, with details to be announced later.
PlayDapp focuses on the development and evolution of P2E blockchain-based and metaverse-aligned games and experiences by eliminating centralized intermediaries and leveraging the benefits of decentralization. PlayDapp's gaming model allows cross-game compatibility. Players can use their in-game assets in different games within the PlayDapp ecosystem, providing a more seamless and connected gaming experience.Ā
Recently, PlayDapp acquired ProudNet, a peer-to-peer server provider to popular games like PUBG, League of Legends, and Fortnite, to enter the US gaming market aggressively. This strategic move is expected to empower PlayDapp to provide dependable, secure, and high-speed peer-to-peer connections for its games and services.Ā
Ā PDA is used as a utility token to facilitate transactions on the platform, such as buying and selling in-game assets and paying transaction fees. PlayDapp is known by its token ticker $PDA. The current price of PDA token is updated and live-tracked on Binance in real-time.