From May 29 to June 29, the Playkey decentralized gaming platform plans to buy back PKT on the HitBTC exchange. Although the buyback price will be determined by the exchange rate, it shouldn’t exceed $1.24 per PKT. During the buyback, there will be a daily budget limit of $66,000 and a $20,000 purchase limit for a single seller.

“We do that in accordance with our roadmap to keep the PKT price under the review and to increase the quality of the PKT holders giving the chance to former bounty participants to sell PKT. What’s more important, the buyback will help us to accumulate PKTs on the Playkey Foundation site i.e. get ready to the next important step in the Playkey development. In June, 2018, Playkey expects to begin accepting PKT as payment for subscriptions on Playkey.net’s operational gaming platform, which is still centralized” – says Egor Gurjev, Playkey CEO. The company regards, buying back tokens will provide stability during the launch of the PKT payment option. Playkey intends to use the repurchased amount of tokens to eliminate the threat of an artificial token deficit in the public sale.

Playkey.io is the concept of the blockchain-features decentralized ecosystem for gaming services that is based on Playkey, a prominent cloud gaming provider that gives a reasonably-priced opportunity for players to play top-rated games anytime and anywhere, using an obsolete laptop or MAC device connected to the Internet, without having to purchase a high-end PC or console. Today the Playkey centralized cloud gaming platform is available for Russia, CIS, Germany and the UK.

The core participants in the new Playkey Ecosystem are gamers and miners (cloud gaming hardware providers). The Playkey idea is to create an ecosystem for cloud gaming based on P2P and blockchain technologies featuring dozens of independent owners of powerful computers worldwide (miners) united within a community, and acting as a cloud gaming service provider. So here miners get an efficient option to utilize their computational capacities that is more efficient, more stable, and less risky than ordinary cryptocurrency mining. And gamers will be able to choose the best and the closest server for playing with minimum latency and lags. Playkey is aiming to build a large, private and professional community of miners, and become the largest cloud gaming platform.

PKT – Playkey Token – is the cryptocurrency to be used within the Playkey decentralized cloud gaming ecosystem for miners and computer gamers.

About Playkey

Playkey.net is a cloud gaming platform that allows games to be launched on all popular devices, including notebooks, low-power computers, and even devices based on macOS. The uniqueness of Playkey’s technology is that games are launched in the “cloud” – a net of remote Playkey data centers, while only a videostream is sent to the user through the home internet connection of 10 Mbps.

Playkey employs over 45 R&D specialists and has partnership agreements with game publishers such as Ubisoft, Bethesda, Namco, 2K, Blizzard and Wargaming. Previously, Playkey brought in $2.8 million in investments from major European venture funds. As a result of the November 2017 ICO campaign, the project collected over $10.5 million to develop the decentralized Playkey P2P solution, which is scheduled to be launched at the beginning of 2019.