Play2Live, the decentralised streaming platform for gamers and eSports fans, has completed its ICO campaign, raising a total of $30 million in less than two months. The funds will be used to build a transparent and user-friendly ecosystem for streaming and gaming projects, with Play2Live’s proprietary cryptocurrency Level Up Coin (LUC) as payment within the system.
The success of the ICO will further develop the Play2Live Level Up Chain, which will allow the team to create an end-to-end solution for streamers, gamers and eSports fans. During the course of the campaign, Play2Live achieved its hard-cap of sales, with a total of 1,308,800,000 LUC sold from investments acquired worldwide.
Play2Live aims to combine blockchain technology with its streaming services, whilst offering 15 sources of revenue for participants. Introducing a mixture of interactive features and monetising tools currently not offered on existing streaming platforms, the further development of the Play2Live Level Up Chain aims to create an ecosystem with speed, transparency and availability.
In February 2018, Play2Live held an eSports tournament in CS:GO with a cryptocurrency prize pool: Play2Live CryptoMasters, with eight international teams taking part in the tournament which boasted a mainprize of 2,000,000 LUC tokens ($100,000). The tournament was broadcasted in 16 languages and gained 950,000 views.