What is PDA Coin
Founded in 2017 and headquartered in Seoul, PlayDapp is a blockchain gaming platform and NFT (Non-Fungible Token) marketplace. The project is made up of experienced professionals from the Korean gaming and IT industries and is committed to building a complete connected gaming entertainment ecosystem. First, PlayDapp aims to create a digital space where people can enjoy various games and exchange items and characters with the help of a consumer-to-consumer (C2C) marketplace.
Why did PDA suddenly skyrocket?
As cryptocurrency analyst Crypto Engineer noted in a tweet, PDA officially rebranded from PLA to PDA, enabling users to swap and find new PDA tokens in their wallets. Crypto Engineer previously recommended buying around $0.18 of PLA before swapping. With the rebranding complete, those who followed that advice are now seeing huge gains.
Aside from the calls from crypto engineers, a possible driver of investor interest is the legitimacy that Binance confers by supporting the token swap process. Just a few days ago, PlayDapp tweeted that they were in discussions with the exchange to handle the swap. Then on February 28, they officially announced that "Binance will support the conversion of PlayDapp (PLA) tokens to PlayDapp (PDA)".
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By facilitating the exchange through a top exchange like Bi’an, Touyi can have more confidence that the process will go smoothly and their PDA holdings will be secured. This validation and ease of access is attracting attention and increasing the price of newly branded tokens.
Token exchange completed successfully
In addition to Bi’an’s participation, the successful completion of the token swap itself could also boost market sentiment. Following the initial announcement of the migration on February 28, PlayDapp confirmed on Twitter that the new PDA token is now open for deposits.
Once the swap is successfully completed, investors will have access to the rebranded tokens and the price will increase in response. As exchanges fully integrate the new brand, PDA adoption will also accelerate.
Overall, Binance’s trading support and smooth swap process led to a surge in interest and price for PlayDapp’s improved PDA token. As fundamentals look healthy after the migration, investor attention and token velocity are expected to increase in the coming trading sessions.
How PDAs Work
PlayDapp acts as an interconnected ecosystem for decentralized games. Below, we will briefly introduce several important components and operating principles of PlayDapp.
1、PlayDapp sDK
PlayDapp SDK is a developer tool that helps game developers more easily participate in the blockchain-based PlayDapp service ecosystem. It helps game developers and companies that have difficulty building blockchain infrastructure to connect their assets or digital items through simple system integration. Once itemized as blockchain-based NFT digital assets, they can be interoperable between various games on the PlayDapp ecosystem. This creates synergies between games and promotes user acquisition through cross-promotion. For example, the value of NFTs can be increased by increasing the use of game items.
2. Interoperable NFTs
Interoperable NFTs are a factor in expanding gaming services, especially when blockchain technology is introduced to the existing gaming industry. No matter how exciting and interesting a game is, it has a product life cycle (PLC). When users want to play new games, interoperable NFTs that leverage PlayDapp's own IP can serve as rewards for previous gameplay and natural cross-promotion for new games. In addition, it also helps minimize the marketing costs incurred during user recruitment and further enhances the PlayDapp ecosystem by providing users with more diverse benefits.
3. PlayDapp’s P2E model structure
The essence of the Plav-to-Earn (P2E) structure is to reinvest game revenues in large amounts into user activities. In addition, core game items obtained by gamers can be exchanged directly or indirectly for game tokens through peer-to-peer (P2P)/C2C markets. Users can exchange these game tokens for other cryptocurrencies on decentralized exchanges (DEX) or centralized exchanges (CEX). Under this new method of item acquisition, platforms and game developers can earn revenue through transaction fees generated during each sale.
