What is Playersonly Token and How to Get Them?
This year, 2021, saw the rise of various cryptocurrencies or blockchain as a whole. PO Token experienced a drastic increase in the public interest for NFTs. As a result, more brands, businesses, and industries started to incorporate them .
The public is steadily becoming more aware of digital currency, NFTs, blockchain, etc., and its benefits. It is becoming customary for public figures to purchase NFTs or sell them and maybe even tweet about cryptocurrencies on the rise.
Sports is at the forefront of realizing the unlimited potential of cryptocurrency and blockchain technology. Sports is one such industry that has realized the true potential of cryptocurrency and blockchain. As a result, the world will see more sports teams partnering up with crypto upstarts or creating their own tokens. With such an expected increase in exposure to crypto, one major question is how will athletes make use of this lucrative opportunity?
Now, we can see more and more sports teams partnering up with crypto exchanges. With such an increase in exposure to crypto, how will the athletes make use of this opportunity?
This is where PlayersOnly comes in. They are building the world’s first decentralized sports metaverse where athletes, teams, fans, and brands can interact, while building a global community. PlayersOnly Token is thus their foundational utility token aimed to support this sports metaverse.
So let us find out more about this token and how we can acquire it.
What is PlayersOnly Token?
PlayersOnly Token ($PO) will be the foundational utility token of the sports metaverse — PlayersOnly. It is built to govern the metaverse. PO token not only incentivizes the investors but also provides a mechanism to access goods and services.
The PO token is developed on the Binance smart chain. It can be used for campaigns and marketing services within their sports app. It can also help support the NFT marketplace for athletes.
Total 7% of each transaction of the token will go into different avenues. 3% of each transaction will go into marketing and development. 2% will go to PancakeSwap liquidity, and another 2% will go back to token holders.
PlayerOnly also intends to utilize up to 10% of quarterly profits earned via their brand marketing partnerships on the PlayersOnly social media app to buy back the PO tokens at the market price and burn them. This will benefit the token holders by driving the price of the token higher.
As more people join the network, the price of the PO token will rise higher and higher.
The distribution of PO token is as follows -
● 10% Advisors and backers
● 20% Founders and Team
● 30% Reserve
● 40% Private and Presale
PlayersOnly Token started with a successful presale on PinkSale and then had a public launch on PancakeSwap. Now they are also available on CoinGecko and CoinMarketCap.
How to buy PO Tokens?
The best way to buy PO Tokens is by connecting your digital wallet to PancakeSwap. Since the token is built on the Binance smart chain, you can buy and swap to acquire PO tokens.
Here’s how you begin.
Step 1: Create a MetaMask wallet and add Smartchain
● Download and set up MetaMask wallet.
● Ensure to keep your passphrase secure. If you lose it, you cannot access your wallet.
● Once set up, tap on the circle on the top right corner.
● Click on “Settings” and choose “Network.”
● Select “Add Network” and enter the following details.
Network Name — Smart Chain
New RPC URL — https://bsc-dataseed.binance.org/
Chain ID — 56
Currency Symbol — BNB
Block Explorer URL — https://bscscan.com
● Click on Save, and the Smart chain will get added to your wallet.
Step 2: Buy BNB on Binance
● On Binance, select BNB — Binance Coin (BEP-20). Then, choose the amount of BNB or USD you want to buy, and click “Continue.”
● Provide your MetaMask wallet address. You can copy and paste your wallet address here and click on “Continue.”
● Provide your email address and verify your information.
● After these steps, you will receive BNB in your MetaMask wallet.
Step 3: Swap BNB To PlayersOnly token
● Navigate to pancakeswap.finance
● Click “Connect Wallet” and select “MetaMask.”
● Tap on Account and click on “Next.”
● After your wallet is connected, click on “Trade Now”
● Copy paste the PlayersOnly contract address: 0xb9218e62ec3216461d3d5147e7b37973d0ebd20a, ensure that you purchase the right token with the right contract address.
● Choose the amount of BNB you wish to swap for PlayersOnly token.
● Set slippage to 7%, and confirm the transaction. If the transaction fails, increase the slippage by 1%. PlayersOnly recommends a slippage of 8–9%.
● Now you are a proud holder of the PlayersOnly token.
PlayerOnly has come up with an excellent solution for athletes to step into the blockchain world. It provides an ideal space for athletes, brands, and fans to connect. Players can thus effortlessly sell their NFTs to their fans on a secure platform!
So if you are a sports fan and keen on purchasing NFTs on the PlayersOnly social media app, then PO token is for you.