FAQ
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.
Level Up Coin (LUC) is an ERC20-compatible utility token that facilitates monetization opportunities for all users, from streamers to viewers. The base price of the token is 20 LUC for $1. The total supply should be determined upon the end of token distribution.
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).
Level Up Chain is a blockchain developed on the basis of Graphene platform, a third-generation software with cryptographic protection and sustainable decentralized data registry. Level Up Chain forms a blockchain ecosystem for streaming and gaming projects with which we intend to partner up after finishing the development stage. Play2Live platform is the first project to launch, contributing to the network’s development and attracting streamers and viewers, with Level Up Coin allowing for settlements within the system.
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.
We released an MVP of Play2Live platform on November 20th, 2017. Alfa release is scheduled for the beginning of Q2 2018. Please, take a look at our technical roadmap.
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.
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.
The hard cap is $30M and 62.5% of tokens will be tradable on the open market.
The maximum allowable amount of LUC issued will be 1,308,800,000. Since we are obliged to destroy all tokens unsold during the token sale, the final amount of tokens will be known only after the end of the token distribution.
The distribution of LUC is expected to take place several days after the end of the token sale.
No, we do not. Additional emission will result in the dilution of existing stakes and can cause unwanted risks.
https://etherscan.io/token/0x5dbe296f97b23c4a6aa6183d73e574d02ba5c719
Only accredited investors from the US and Singapore could have participated in our token sale. There were no limitations for the other countries.
Bounty campaign has finished. Bounty campaign details are available via the link.
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.
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.
Since LUC tokens are ERC20 compliant, they can be stored in Ethereum wallets which support this protocol: https://www.MyEtherWallet.com, https://metamask.io/ or Mist Wallet (if you have some development or programming experience). To see the list of all compatible wallets, please refer to this link.
BTC, ETH, BCH, LTC, DASH, USD
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 is obligated to buy back and eliminate 80% of tokens purchased by the users from the open market.
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.
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.