PlayZap Price

PlayZap is a relatively new entrant in the GameFi sector of the crypto market, although it has established itself as a popular app well before its on-chain deployment. The free-to-play P2E project has several established brands as investors and partners, increasing its appeal as an investment worth considering.

The PlayZap price may increase as the project unveils additional features, drawing a more extensive player base to its ecosystem. Furthermore, announcements regarding expanding partnerships or securing more investments could bolster PZP price statistics in the future.

The price and market cap of PlayZap could receive a boost from increased on-chain activity, project growth, and positive sentiment in the wider crypto market. As the prices and market caps of major cryptocurrencies like Bitcoin and Ethereum rise, it creates a bullish market environment. It drives buying activity across the board, potentially increasing the value of PZP crypto and other altcoins in the market.

Although it is difficult to provide a precise PZP crypto price prediction in any time frame, several underlying elements could impact price action in the PlayZap token, such as:

Increased On-chain Activity

A growing interest in participating in the PlayZap game or exchanging its NFTs may contribute to the game generating increased revenue, potentially boosting the price of $PZP token. The value of PlayZap could further soar as its ecosystem develops and additional engaging features for its community are introduced in the future.

Future Developments

The PZP token price may also enhance as PlayZap introduces new GameFi projects and increases the potential for engagement in its ecosystem. This action could motivate more players to purchase and utilize $PZP cryptocurrency.

Market Sentiment

The mood in the crypto market is a crucial factor affecting the price trends in PZP crypto and numerous other altcoins. A bullish sentiment or a risk-on atmosphere in the global financial markets promotes buying activity in $PZP and other cryptocurrencies, bolstering the value of PlayZap project. Conversely, the value of PlayZap may be negatively affected by a bearish market sentiment or a risk-off disposition among worldwide investors.

$PZP is the native crypto asset of the PlayZap ecosystem and serves the following functions:

Native Currency

Players can use PZP to participate in tournaments and compete in PvP challenges. The PZP token is also used to buy limited-edition NFTs, participate in jackpot matches with a chance at higher rewards, and more.

Incentive Token

PZP is also distributed as a reward to players who win games and challenges on the PlayZap platform. Players can earn $PZP via Daily Spin, as Daily Bonus, through referrals, completing daily quests, participating in premium contests, group contests, PvP challenges, and more.

Staking

PlayZap will also allow token holders to stake $PZP and generate passive income. As of April 2023, the Stake-to-Earn feature has yet to go live and will be added to the gaming platform.

According to the PlayZap whitepaper, the total supply of PZP tokens is fixed at 150,000,0000. The token distribution of PZP is given below:

1. 20% of PZP tokens have been allotted for player rewards and incentives.

2. 6.53% went to the pre-seed and seed round sales.

3. 6.65% of PZP’s supply has been set aside for public sale.

4. 17% was distributed among the PlayZap team.

5. 2% was given to the project’s advisors.

6. 19.33% has been kept aside for providing liquidity and for exchanges.

7. 10% has been set aside for marketing activities.

8. 10% has been assigned to the project’s reserves.

PlayZap boasts an impressive lineup of marquee investors, such as KuCoin, KuCoin Labs, Arcanum Capital, Kangaroo Capital, DWF Labs, PrimeBlock Ventures, CoinBlock, PolkaBridge Ventures, and more.

Tech partners of the PlayZap gaming project include BNB Chain, Particle Network, Scuti, Unity, and Ready Player Me.