FAQ

What is the Playkey decentralized cloud-based gaming platform?

Playkey is a game-virtualization service dedicated to providing gamers around the world with the resources of a distributed network of powerful home computers (“miners”). The service is aimed at owners of old or low-powered PCs that can not run state-of-the-art games.

With this service, owners of weak PCs, laptops, and MacBooks can play modern games on their own devices. The games themselves run “in the cloud” on the hardware of the miners.

What’s the point of bringing cryptocurrency and blockchain technology into Playkey’s service?

Costs for gaming hardware are growing year by year. Games are becoming ever more demanding. And it makes sense that cloud services keep getting more popular. In the future, these services may run into an acute shortage of space on servers for all those who want to participate. Now Playkey is renting hundreds of servers from hosting providers. There aren’t many servers with GPU and they cost a lot, so we lease them.

The cryptocurrency and blockchain technology in Playkey give fantastic opportunities for scaling, decentralization, and an accelerated transition of gaming to the cloud. Users will get the chance to independently create more and more cloud servers, as well as a reliable method of making deals between the seller and the buyer, based on smart contracts and excluding intermediaries.

P2P technology will allow owners of high-performance video cards to earn more money than from cryptocurrency mining, while allowing gamers to play their favorite games anywhere on any device connected to the Internet, for a small fee.

On what platform is the crowdfunding campaign being done?

The crowdfunding campaign is being conducted as an ICO (Initial Coin Offering). PKT tokens are being issued on the blockchain platform Ethereum (https://www.ethereum.org/) using the ERC20 standard.

I want to buy PKT. How can I do it?

Now that the ICO is over, you can buy PKT on exchanges. You can find an up-to-date list of exchanges on our website playkey.io. Also read detailed and user friendly guide how to buy our tokens. For decentralized exchanges you need an ETH-wallet. We recommend using MyEtherWallet (MEW) to do this.

  1. Create Ethereum-wallet
    1. Go to the MyEtherWallet website: https://www.myetherwallet.com/. Make sure that you access the website via an HTTPS protocol.
    2. On the “New Wallet" tab, enter the password that will be used to access your wallet (create a strong password using uppercase and lowercase letters, numbers and symbols).
    3. Click on the “Create New Wallet” button. Do not forget this password! If you lose your password, you will lose all ETH and PKT stored in your account.
    4. Download Keystore file:
      1. Click on the “Download Keystore File” button.
      2. The file will be downloaded to your computer. This is a digital signature file for your wallet. This file contains your private and public keys and is required every time you want to access your account. Please note that you won’t be able to access your account without this file and the password from the previous step. If you lose one of them, you will lose all ETH and PKT stored in your account.
    5. Backup your private key:
      1. Click on the “I understand. Continue” button.
      2. Click on the “Print Paper Wallet” button.
      3. Save or print the data file.
      Do not share your private keys with anyone. The private key is an analog of the PIN code from your bank card. If anyone obtains your private key, they will have access to all of your funds.
  2. View the Ethereum-wallet info
    1. Go to the MyEtherWallet website: https://www.myetherwallet.com/. Make sure that you access the website via an HTTPS protocol.
    2. Go to the «View Wallet Info» tab.
    3. Open your wallet to view the address:
      1. Select the “Keystore File (UTC / JSON)” item.
      2. Click on the “SELECT WALLET FILE” button and select your keystore file.
      3. Enter the password.
      4. Click on the “Unlock” button.
    4. At the bottom you will see your wallet info.
    5. Copy and save your address, which is in the "Your Address" and "Account Address" fields.

Where to store PKT?

PKT can be stored in any wallet supported by the ERC20 standard. However, not all wallets display a PKT balance. As of March 2018, PKT balances are supported in the following wallets:

I bought PKT, but I don’t see them in my MEW wallet. What should I do?

You have to add the tokens to your MEW. To do this:

  • Go to the “Send Ether & Tokens” tab
  • Open your wallet
  • In the “Token Balances” section click the “Add Custom Token” buttom
  • Enter the data in the fields:
    • Address – insert the contract tokens address Playkey: 0x2604fa406be957e542beb89e6754fcde6815e83f
    • Token Symbol – PKT
    • Decimals – 18
  • Click on the “Save” button.
  • PKT tokens appear in the “Token Balances” section.

On which exchanges will it be possible to trade the tokens?

There is interest from exchanges, and then there is the process of negotiating and signing agreements. At any point an exchange might reverse its intention to collaborate, and at the same time other exchanges might be added. So it is, in fact, impossible to provide a specific list. As soon as the token appears on a new exchange, we will notify you via news channels. To get up-to-date information, please use our Telegram news channel https://t.me/playkey_ICO_ann and chat https://t.me/Playkey_io

Why does the token have the value it has on exchanges?

Unlike during the token sale, the value of the tokens can be conditioned by many factors, including mechanisms of supply and demand on the market, the availability of a product ready for commercial implementation, and many others. There are no major fluctuations on the market right now, nor is there a large quantity of PKT. Many people prefer to hang onto their tokens until PKT is released on major exchanges or its value goes up. Right now the ICO is over and the process of developing the product has begun. PKT will therefore not be considered a utilitarian unit of calculation within the ecosystem until its factual appearance (the end of 2018 according to our plan), and the demand is not increasing on a daily basis. Right now what PKT represents on the exchanges is an opportunity to stock up on the tokens at a comparatively low price for the purpose of strategic, long-term investment. We discussed why it’s better to see PKT as a long-term investment in our blog.

What is the team doing now that the ICO is over?

We’re summing up the results of the year. For us this means, first and foremost, ensuring the high-quality completion of all processes connected to closing the ICO in accordance with the road map. This includes negotiating with exchanges, resolving personal requests from participants in the bounty program, and calculating and providing tokens to them. Also, we haven’t forgotten about our primary product, playkey.net, which is running as before for the time being.

We will notify you about any news via our official news channels, primarily Telegram chat at https://t.me/Playkey_io

When will I be able to test a decentralized version of Playkey?

Closed testing will be conducted around in the middle of 2018, and open testing in the third quarter of 2018.

Requests for participation in the testing are already being taken.

How soon after the ICO will the project open up to players and miners?

The planned launch time is 10 months after the end of the ICO.

What use is this to a miner, if he already has a powerful PC and can play top-of-the-line games on his computer? What he can spend tokens on, if he does offer his computing power for rent?

The miner will be able to sell the earned tokens on an exchange in return for other cryptocurrencies or fiat money (real money). He will also be able to spend the tokens to purchase Playkey game keys.

I have a powerful computer. How much can I earn as a miner through your system?

A miner’s income will depend on several factors. First, the amount depends on the computer: The more powerful it is, the more value it offers. Users are willing to pay more for such a computer.

Secondly, the price will be determined by the market. A miner posts his price, and if there is user demand, then the miner will earn based on the specified price and the number of users playing on it. To precisely predict the amount now is very difficult.

With the current Playkey.net service, you can apply the following calculations: 1 hour of gaming on ultra settings (GTX 1080) costs $1. Assuming that the server will be busy 12 out of 24 hours, the revenue after deducting the commission will come to about $10 per day. At the same time, there is still the opportunity to do the old kind of mining when users are not playing, and thus to receive additional income. So in any case the income will be higher than from the usual sort of mining.

Why does a miner pay 25% to the Playkey Foundation?

The Playkey Foundation will organize the work of the community of miners, refine the platform, and advertise the service and the miners’ servers.

By what scheme are the revenues distributed among all participating miners?

A miner’s income is determined by the terms of the smart contract with a specific user. So the more users play on a miner’s computer, the higher his income. A user will be able to select a miner on his own and conclude a smart contract with him on individual terms, or enable the option of automatically searching for a miner by key parameters, first of all by distance from the user and connection quality.

How and at what exchange rate is fiat money exchanged into tokens when the user buys a subscription? Will a miner be able to accept funds in fiat money?

The price for the service will be shown also in the user’s normal fiat currency (rubles, dollars, etc.). During a payment for the service, fiat money will automatically be converted on the exchange into PKT tokens at the rate on that exchange (without user involvement). These tokens can then be used as payment for the service. This system creates the token’s liquidity on the exchange and shows the demand for it. A miner can only accept payment in PKT tokens, which can then be sold on the exchange.

Where does the miner download games and how are the keys activated?

Playkey provides a list of games supported by the application, and of their installation files. A miner decides which games he wants to rent out on his computer, and installs them. Or he selects automatic mode, whereby Playkey autonomously analyzes demand and manages the games on his computer to maximize his profit and, accordingly, that of the service.

Game keys are purchased by users and they are activated the same way in games, the only difference being that the game is launched at the miner’s computer. Keys can be purchased either on the Playkey website or in any other way at the discretion of the player.

Are there plans to make the software open-source, since some people think that open-source solutions develop faster and more efficiently?

Part of the software related to blockchain technology will be open, but the current version of the Playkey product will be closed, because this is specified in the shareholder agreement with the current venture-capital fund, which is a shareholder. However, the current version of the Playkey product can be open if the current investors agree to it.

How will the problem of delayed transaction confirmation between a player and a miner be solved?

There are plans to develop an “internal” second-level blockchain for instant transaction confirmation, with subsequent confirmation in the “common” blockchain. In this case, the risks of non-confirmation of a transaction (of the player using the service for free) would go to the Playkey Foundation.

We will also watch for new solutions to this problem appearing on the market, since the problem is shared by all projects that use blockchain technologies.

What is Playkey Foundation?

The Playkey Foundation is a management company within the Playkey Ecosystem. From the legal point Playkey Cayman is carrying out the role of the Playkey Foundation.

The primary goal of the Foundation is to develop an open gaming ecosystem that users can find value in, and simultaneously supply miners (and other service carriers) with an open and sustainable platform to broaden, deliver, and enhance those services, as well as attract users.

Read more in the Whitepaper.

How and when will I receive my PKT?

To receive a gift of 1 PKT, you need to subscribe to our Telegram channel. We’ll send you 1 PKT within four days after you fill out the form on the website.

Campaign terms:

  • Each Telegram account and ETH wallet can receive a gift only once.
  • To receive a gift, the provided ETH wallet should comply with the following requirements:
    • The wallet must support the ERC20 standard (e.g., MyEtherWallet).
    • The wallet must not be an exchange wallet (i.e., wallets that were created on exchanges won’t work).

Carefully check the wallet’s address before submitting the form. One PKT will be sent to the provided address. It will not be possible to change the address or resend the gift.

Playkey token

ICO SPV: Playkey, Cayman Islands law, registered as No. 328711 on 27-Oct-2017
Playkey Cayman is carrying out the role of the Playkey Foundation. See Whitepaper for more info.

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