Planet League aims to be the building blocks to create an extremely valuable and successful global esports franchise. It has appeared to take advantage of advanced user experience and blockchain technology. The issuance of the token is backed by an achievable business plan, focused on a growing and exciting market, with defined long-term rewards for PLS holders. A total of 1,000,000,000 PLS (1 billion) is minted, and no more of these coins will be created.
Description of Planet League
Planet League — an innovative global esports league and competition, designed for use on PC and smartphones. The gameplay of Planet League is based on the concept of "play to earn", integrated into the structure of the competitive league. The player needs a certain number of Planet League Stars (PLS) to participate in each league game. Depending on the win or loss, the player will be credited or deducted PLS from his smart wallet. Also, the platform charges a tax for making a decision on the game.
Planet League Stars — an HRC20 compliant utility token, issued by the Harmony Network for use in its competitive gaming ecosystem.
In addition to earning PLS through games, gamers also earn PLS rewards, based on their level of engagement with the platform, including:
| 1. | Daily bonuses. |
| 2. | Bonuses for the played games. |
| 3. | Completion of the position in the league and leaderboard. |
Some rewards are unlocked, based on how gamers interact with the platform. The player is encouraged to use PLS to play on the platform rather than immediately cashing out. This was designed to create a high level of user engagement and sustainable long-term demand for PLS. Players can buy and sell PLS on the open market or through the app and even get rewarded for staking. From the player's point of view, this ensures the continuity of participation in the league, even if he runs out of PLS.
Project economics
In-app features, an NFT marketplace, social features, gaming experience and a platform where gamers can earn significant rewards and create real value in their hands will drive the long-term adoption of the platform.
The more active the gamer community, the greater the interest from brands in this very attractive and well-defined target market. This will increase opportunities to generate income from sponsorship and advertising. Which, in turn, will lead to an increase in tax revenues to the treasury. An increase in player engagement will lead to an increase in PLS circulation. The higher the tax collection, the higher the staking reward, which also stimulates long-term demand from PLS holders.