playdapp
PlayDapp
PLA
$0.29

Sector

Gaming

Exchange Debut

2020-11-05

Market Cap

169,342,013

Maxim Supply

Circulating Supply

577,401,393

Circ. Supply(%)

playdapp

PlayDapp

PLA

Price

$0.29

Market Cap

Sector

Exchange Debut

169,342,013
2020-11-05

Volume 24h

High 24h

Low 24h

162654
0.298698391752
0.186226838383

Change 24h

Change 7d

Change 30d

57.4806
49.2002
56.5839

Maxim supply

Circulating supply

Circulating supply(%)

577,401,393

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Play Dapp – PLA cryptocurrency:

 

PlayDapp – PLA represents an innovative endeavor in the evolving landscape of cryptocurrency and blockchain gaming. It aims to bridge the gap between Web2 and Web3 users through a service platform that facilitates game playing without the necessity of owning cryptocurrency. By providing various Web3 networks and game DApps, PlayDapp seeks to onboard traditional gamers into the crypto realm. However, its fundamental analysis of the PlayDapp – PLA cryptocurrency reveals a mixed performance across various sectors, culminating in a final score of 5.17 out of 10, reflecting both strengths and areas in need of improvement.

SOCIAL & MASS MEDIA: Score 4.7 out of 10

The Social and Media aspect of PlayDapp scores moderately, indicating a mix of successes and challenges. Despite high activity from social media administrators, the platform struggles with attracting followers and community engagement, scoring only 2 and 1 out of 10 in these areas, respectively. This suggests a need for stronger marketing strategies and community-building efforts to enhance its visibility and user base.

AUDIT & SECURITY: Score 3.7 out of 10

Audit and Security are crucial for any crypto project, and here PlayDapp shows room for improvement with a score of 3.7. The low audit results and moderate transparency indicate potential vulnerabilities and a need for greater openness. Improving these areas could significantly enhance user trust and security perception.

TOKENOMICS: Score 6.55 out of 10

The Token Economy of PlayDapp is relatively strong, with an overall score of 6.55. The high score for inflation control is commendable, but the centralized nature of the monetary mass, scoring just 3 out of 10, raises concerns about distribution and decentralization, which are core principles of the crypto ethos.

ECOSYSTEM DEVELOPMENT: Score 4.5 out of 10

In terms of Ecosystem Development, PlayDapp scores moderately. Achieving objectives and planning for new developments received lukewarm responses, suggesting the need for more focused and effective development strategies to fulfill the project’s ambitious goals.

TEAM & DEVELOPERS: Score 3.6 out of 10

The team behind PlayDapp scores modestly, with particular concern in the number of software developers. This suggests a potential bottleneck in development capacity, which could hinder the project’s ability to innovate and scale effectively.

PRODUCT & UTILITY: Score 7.02 out of 10

The Product and Utility aspect is one of PlayDapp’s stronger suits, scoring 7.02. The utility of tokens within the ecosystem is particularly noteworthy, which is essential for long-term sustainability and user engagement in the platform.

PARTNERS & INVESTORS: Score 4.5 out of 10

In the domain of Partners and Investors, PlayDapp scores modestly. While it has some investor support, there’s a need for more robust partnerships and investor engagement to enhance credibility and resources for growth.

Fundamental analysis of the Play Dapp – PLA cryptocurrency – The final conclusion

The fundamental analysis of the PlayDapp – PLA cryptocurrency paints a picture of a project with potential yet facing significant challenges. The overall score of 5.17 out of 10 indicates a need for improvement in several areas, particularly in social media engagement, security audits, team expansion, and ecosystem development. While the project’s vision of integrating Web2 users into Web3 through gaming is innovative, the execution and community building need strengthening. The moderate scores in product utility and tokenomics show promise but are overshadowed by concerns in team capacity and security. Investors and potential users should weigh these factors, considering both the risks and the potential for growth and improvement. As the blockchain gaming sector continues to evolve, PlayDapp’s ability to adapt and enhance its offerings will be critical to its success in this competitive market.

What is Play Dapp?

 

Blockchain Market Expansion

The global blockchain market, despite a challenging period in 2018-2019, is projected to grow significantly, reaching USD$ 23.3 billion by 2023. This growth represents an impressive compound annual growth rate (CAGR) of 80.2% from 2018.

Urgency for User Engagement through dApps

The blockchain industry currently faces a critical challenge in user engagement. There is a pressing need for a successful, mass-adoption use case. This scenario is vital for demonstrating the sustainability and economic viability of blockchain in the long term.

Gaming dApps as a Catalyst

Gaming decentralized applications (dApps) are identified as potential catalysts for widespread blockchain adoption. Their integration with the rising online and mobile gaming sectors is crucial. These gaming dApps could merge blockchain’s technical advancements with existing gaming standards.

Benefits of Blockchain in Gaming and e-Sports

Blockchain technology offers multiple advantages for gaming and e-Sports. These include true ownership of in-game assets, secure digital asset exchanges, verifiable scarcity of virtual items, and new revenue streams for developers. Moreover, blockchain enables decentralized e-Sports and direct interactions between creators and customers.

PlayDapp’s Vision and Strategy

PlayDapp aims to revolutionize the gaming industry by transitioning from a game dApp developer to a leading blockchain entertainment ecosystem builder. The strategy includes ensuring game asset ownership, developing decentralized e-Sports services, and providing innovative acquisition channels and blockchain integration tools for developers.

Fundamental analysis of the PlayDapp - PLA cryptocurrency

PlayDapp - PLA performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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