In 2021, the total value of the global game market reached US$214.7 billion, up 110.7% year-on-year, of which the consumption of virtual goods grew to US$80.1 billion, with more than 2.5 billion players worldwide. With the rapid development of the metaverse, the scale of blockchain game users will rapidly grow.
ArenaPlay is a decentralized betting platform for competitive entertainment that offers users a variety of areas in which to bet, such as E-sports, sports, and Bitcoin price predictions. ArenaPlay is a decentralized betting platform for competitive entertainment utilizing blockchain technology.
It plans to offer a variety of services and features that will bring a plethora of benefits to both professional players/athletes and users alike. In addition, the platform will benefit from both regular rewards and promotions, stimulating an active user base and therefore increasing the value of our own native token, APC (ArenaPlay Coin).
There are two types of assets running on ArenaPlay: APC and assets.
APC token is the core asset of ArenaPlay’s blockchain system and entertainment competition circulation. It is an interesting and practical digital asset designed to be widely used in the circulation of game assets; it is a unique exchange pass for game exchange and assets, providing superior liquidity for the ecology through pledge and liquidity mining, realizing the pass incentive of game data and prop assets, and creating a high-value entertainment pass for global players and investors.
MUSD stablecoin is the ArenaPlay platform participation coin, and all games played on the ArenaPlay platform are exchanged for MUSD participation using APC tokens.
APC tokens are the base currency in the ArenaPlay ecosystem. However, MUSD will be established as a stablecoin to be used in various games and competitions within the Arenaplay ecosystem. Users will be able to exchange APC for MUSD and vice versa at any time. APC will act as gold for the ecosystem and can therefore be easily used without any third-party settlement institution in international trade.
ArenaPlay is based on blockchain technology, which generates cryptocurrency for the system after players complete specific actions within each on-chain quiz. ArenaPlay by experiencing the game, you can mine for MUSD earnings.
To meet the needs of different users’ operating systems and development needs, and to be truly open source, ArenaPlay provides different versions of the system and also provides mobile services to encourage third-party developers to work with us to promote blockchain technology on the ground and develop blockchain mobile services that can be used by ordinary Internet users.
Who are the founders of ArenaPlay (APC)?
Amar Habibu is the Co-Founder of ArenaPlay. He is a Crypto lover and has more than 3 years experience in crypto and Server setup and post-maintenance, as the community manager of a lot of crypto projects before.
Gabriel is the official assistant of ArenaPlay. He has several years of multi-platform communications strategy and plans in line with the marketing of corporate crypto.
Alireza is the group manager of ArenaPlay and has long-term experience in crypto marketing teams and project management. cooperating with many top media outlets and KOLs in crypto.
Jaffer is the marketing manager of Arenaplay, a crypto expert who has more than three years of experience in the crypto industry.
What is ArenaPlay (APC) used for?
Banks, market makers, liquidity providers, etc. are connected to ArenaPlay as gateways, whose main role is to bring real national currencies into the ArenaPlay cross-border trade payment network.
Additionally, customers within ArenaPlay will not just be the average user but also included among the consumer companies, cross-border trade payment solutions, etc. If a party doesn’t confirm a transaction during the transaction process it will not be validated. This joint verification greatly avoids the risk of opaque information.
ArenaPlay is designed to integrate and enhance script-based and on-chain proto-protocol concepts to enable third-party service provider developers, merchants, and consumers to create arbitrary consensus-based, scalable, standardized, feature-complete, easy-to-develop, and coordinated applications.
ArenaPlay eco-application has started to plan at the time of project inception, and will gradually open to global user players from early 1.0 competitive entertainment to 3.0 visualization meta-universe.
Supports versatile ID
ArenaPlay will support multiple types of digital assets. Each asset will be identified by an asset ID, which is a 256-bit string that distinguishes between different asset types.
ArenaPlay will be used for deep applications of big data on the blockchain and application layer.
How is ArenaPlay (APC) unique?
There are several hurdles and issues in competitive entertainment betting today, such as problems with payment processing, managing game integrity, creating purely random number generators, and compatibility with blockchain marketing. ArenaPlay plans to resolve all these issues and even integrate a blockchain voting system in which users can tailor their experience, integrate new features, and even control the launch of new games on the platform.
ArenaPlay believes that this innovation of adding blockchain to entertainment is irreversible and not a flash in the pan for two reasons. For one thing, people need real, valuable information to reduce the cost of trust. Computers and the Internet have made information sharing cheaper and easier, using information transparency to optimize value chains and improve collaboration efficiency.
ArenaPlay absorbs the advantages of openness and transparency of blockchain and integrates into the current meta-universe boom to reduce the cost of business execution and make the rules transparent, so that transaction subjects who are strangers to each other can trust each other; on the other hand, ArenaPlay absorbs the advantages of privacy protection to meet the privacy requirements of merchants and users for information and transactions.
ArenaPlay adopts zero-knowledge proof and multiple account mechanisms to guarantee the anonymity of transactions. Zero-knowledge refers to the ability of a prover to convince a verifier that an assertion is correct without providing any useful information to the verifier.
How many ArenaPlay (APC) coins are in circulation?
It has a total supply of 100,000,000 APC. After the tokens are destroyed, the total APC will be reduced to 10 million.
First-stage investors will have 50% of their investment unlocked and available for trading upon the launch of ArenaPlay, the remainder will be subject to a 10% monthly release thereafter, with the full 100% being unlocked by Q1 of 2023.
Institutional investors will have 5% of their investment released monthly for the first four months after launch with the remaining 80% subject to linear release, with the full 100% being unlocked by Q2 of 2024.
IDO investors will have 30% of their investment unlocked and available for trading upon the launch of Arena, with an additional percentage subject to a 7-month linear release, culminating in the full 100% being unlocked by Q2 of 2023.
Consultants and Partners will have 100% of their tokens locked for 2 years, after which tokens will be released on a quarterly linear schedule, with 100% of tokens being unlocked by Q2 of 2027.
Marketing fund – The marketing fund will have 5% released upon launch, with the remainder being subject to a quarterly linear release over 5 years, with 100% of tokens being unlocked by Q2 of 2027.
Technical team – The technical team will have 3% of their tokens released upon launch, with the remaining 97% being subject to a quarterly linear release over 10 years, culminating in all tokens being unlocked by Q2 of 2032.
Liquidity Pool – 10%
Ecosystem applications 10%
How is the ArenaPlay Network secured?
ArenaPlay is designed with security, stability, and scalability in mind. In addition, ArenaPlay can theoretically reach 1000 TPS of usable performance by optimizing the block-out interval, block capacity, and consensus algorithm.
Through blockchain technology, the corresponding cryptographic hash is stored in the blockchain and timestamped, without putting the data itself on the blockchain, which not only saves the network bandwidth of the blockchain but also protects it effectively.
In terms of data security, it can be stored after encryption on the one hand and can realize distributed data sharing on the other. The platform has undergone strenuous quality assurance and testing to ensure it is working as intended. To date, millions of dollars have been invested in the software and its refinement.
Considering the huge volume of data interactions in ArenaPlay, they use an authentication scheme whose security is based on the difficulty of computing discrete logarithms, which can be precomputed to reduce the amount of real-time computation and the amount of data to be transferred.
How do I buy ArenaPlay (APC)?
The APC token can be used for a wide range of purposes, like staking and payments.
APC tokens can be easily purchased by following the following steps.
Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
Which cryptocurrency wallet supports ArenaPlay (APC)?
The PTPWallet platform supports many cryptocurrencies, with ArenaPlay soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.