Close Play2Live
Log In Sign Up

FAQ

How is your product different from existing market solutions such as Twitch and others?

Play2Live platform boasts a significantly higher level of interactivity due to the use of blockchain. Our solution changes the rules of the game on the streaming market, giving the opportunity to earn not only for a streamer but also for a viewer.
Viewers can earn money in 5 ways: from advertising; voting; internet channel sharing via P2P CDN; performing tasks set by streamers; betting and gambling. The streamers are able to earn in 11 ways compared to 5 currently available for them on existing streaming platforms. Revenue sharing model is utilized as a mean to split revenue between streamers, viewers and the platform. We provide streamers with an opportunity to freely control numerous economic parameters.
You can also read a detailed description of how Play2Live is different from the existing market solutions here.

What are the properties of Level Up Coin?

Level Up Coin (LUC) is an ERC20-compatible utility token that facilitates monetization opportunities for all users, from streamers to viewers. The Token Sale price: 1 LUC = $0.05. 

Where can I find more information on the features you offer for gamers?

Our key features are the ability for the viewers to earn from their actions, enhanced system of interaction between the participants of the platform, and the opportunity for streamers to fine-tune the economy of the stream. The streamers are able to earn in 11 ways compared to 5 ways currently available for them on existing streaming platforms. The users can earn tokens in 5 ways and convert them to fiat currency afterwards.
For more information on how this works, see the Whitepaper (page 20). 

How do you ensure growth of the unique users to the platform?

The influx of the unique users is ensured by negotiated deals with streamers, tournament operators and other partners that agree to migrate to the platform transferring their fan base. The diverse functionality of the platform that boosts interactivity acts as a trigger for the steady user growth. We expect monthly active audience (MAU) to reach 10M in Q2 2019.

When is MVP of the platform going to be released?

We released an MVP of Play2Live platform on November 20th, 2017. Beta release is scheduled for the beginning of Q3 2018. Please, take a look at our technical roadmap.

Is Level Up Coin ERC20-compliant?

Yes.

How will the users of the platform (regular gamers not familiar with crypto) convert their fiat money to Level Up Coin tokens?

An exchange of fiat money to cryptocurrency will take place automatically via a gateway/API. Please revert to the Whitepaper section 'Design of the LUC token and its application within Play2Live project' on page 31 for more details. 

When did your token sale happen?

Token sale is over, we've reached the hard cap. Pre-sale happened between January 26th, 2018 and February 6th, 2018. Token sale started on February 21th, 2018 and finished on March 14th, 2018.

What's the total amount of funds raised and how many LUC will be tradable on the open market?

We've raised $30M (the hard cap). 62.5% of the total supply (818 000 000 of LUC tokens) will be tradable on the open market.

How many LUC will be issued in total?

The total emission of LUC tokens is 1,308,800,000. 

Do you plan any additional emission?

No, we do not. Additional emission will result in the dilution of existing stakes and can cause unwanted risks.

What is the smart-contract address?

https://etherscan.io/token/0x5dbe296f97b23c4a6aa6183d73e574d02ba5c719

Were there any limitations for token sale participation for certain countries?

Only accredited investors from the US and Singapore could have participated in our token sale. There were no limitations for the other countries. 

Any dividends for token holders?

No, Play2Live does not pay dividends since LUC is a utility token. Tokens can be used within the platform after the official launch or can be traded in the open market.

How do you ensure the growth of the token?

The influx of the unique users is ensured by negotiated deals with streamers, tournament operators and other partners that agree to migrate to the platform transferring their fan base. The diverse functionality of the platform that boosts interactivity acts as a trigger for the steady user growth. We expect monthly active audience (MAU) to reach 10M in Q2 2019.

Which currencies were accepted during the crowdsale?

BTC, ETH, BCH, LTC, DASH, USD

How do you guarantee investment return?

We have a thoroughly-developed economic model of the project to ensure a high demand on tokens on the open market. First, 15 ways to spend tokens in-platform are available to users, which will ensure high demand on the open market. Second, Play2Live plans to buy back and eliminate 80% of tokens purchased by the users from the open market. 

How much did you raise during the token sale?

We've collected the hard cap: US$30M. This amount is required to achieve all goals elaborated in the roadmap. Please refer to Play2Live roadmap for more details.

Why do you need blockchain technology? Is it possible to use another technology for development?

Blockchain is the backbone of Play2Live functionality - no other technology that currently exists on the market can provide 15 peer-to-peer interactive features for system participants (streamers, users, tournament operators) allowing them to earn money by sharing revenue with the platform.
Blockchain technology allows to establish an internal economy rich in features available for platform participants. No other technology so far can better facilitate the development of internal currency and provide transparency of interaction between the users. Blockchain addresses a number of inefficiencies and offers unique advantages over conventional streaming platforms, whose features have remained virtually unchanged over time.

How do I add custom token to MeW?

Use these details to add custom token to your ERC-20 wallet:
Token Contract Address: 0x5dbe296f97b23c4a6aa6183d73e574d02ba5c719
Token Symbol: LUC
Decimals: 18

Play2Live
  • Documents
  • Project
  • Economic model
  • Team
  • Advisory Board
  • Roadmap
  • Media
  • Token Sale Details
  • FAQ
  • MVP
Copyright © Play2Live, 2017-2019

The purpose of the project is to launch a decentralized media-streaming platform and enable participants to make payments within it by means of Level Up Coins (LUCs or Tokens). The terms and conditions for Tokens purchase are described in the documents posted on the web site www.play2live.io .

Taking into account the current legal regulation and environment of digital currencies, crypto, and other related matters in different states, as well as the publication of the U.S. Securities and Exchange Commission officials’ the following statements shall be made:

  1. To the extent the Tokens sold in connection with this Token Sale may be securities under U.S. Securities Act of 1933, these Tokens are offered only outside of the United States to non-U.S. persons, pursuant to the provisions of Regulation S of the U.S. Securities Act of 1933, as amended.  These Tokens will not be registered under the Securities Act, and may not be offered or sold in the United States absent registration or under an applicable exemption from the registration requirements and the purchasers should not assume they will be able to resell their Tokens.  Neither the Securities and Exchange Commission nor any state regulator has passed upon the merits of or given its approval to the Tokens, the terms of the Token Sale, or the accuracy or completeness of any associated materials.  Buying Tokens involves risks, and purchasers should be able to bear the loss of their entire purchase. All purchasers should make their own determination of whether or not to make any purchase, based on their own independent evaluation and analysis.
  2. Nothing in the documents regarding the token sale shall be deemed to constitute a prospectus of any sort or solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any security in any jurisdiction.
  3. You acknowledge that certain statements, estimates, and financial information contained in the white paper constitute forward looking statements and information. Such forward looking statements or information involve known and unknown risks and uncertainties which may cause actual events or results to differ materially from the estimates or the results implied or expressed in such forward looking statements.  Purchase of tokens involves a high degree of risks and purchasers should not invest any funds unless they can afford to lose their entire payments.
  4. While purchasing tokens you acknowledge that you are not the United States citizen, permanent resident of the United States, ones who have a primary or any other residence or domicile in the United States, presently attending the United States, including Puerto Rico, the U.S. Virgin Islands or any other possession of the United States, entities or organizations, incorporated under the Laws of the United States, including Puerto Rico, the U.S. Virgin Islands or any other possession of the United States (the “U.S. Person”).  
  5. While purchasing tokens you acknowledge that you are not the Republic of Singapore citizens, permanent residents of the Republic of Singapore, ones who have a primary or any other residence or domicile in the Republic of Singapore, or presently attending the Republic of Singapore, as well as owners or beneficiaries or representative of entities and organizations, incorporated under the Laws of the Republic of Singapore (the “Singapore Person”).
  6. While purchasing tokens you fully agree and accept all the risks inherent to the token purchase and possession and described on the documents posted in this web site.
  7. While purchasing tokens you fully agree and acknowledge that the token Seller is entitled on its own sole discretion to refund all the funds paid by any purchaser.