PlayChip’s vision is to become the Universal Gaming Token. PlayChip is an ERC20 token at the centre of an existing online gaming ecosystem. PlayChip will serve as the payment and rewards system to an existing user base in the range of over one million in approximately 70 different countries. The PlayChip may be used to enter competitions and challenges, deliver instant payouts, incentivise new and existing users, and carry metadata to help the operational partners of the PlayChip determine whether users can enter certain challenges or bets on their platform based on the local jurisdiction after the KYC of each user.