The goal of PlayChip is to establish itself as the Universal Gaming Token. It operates as an ERC20 token within an established online gaming ecosystem. With a user base exceeding one million across approximately 70 countries, PlayChip functions as the primary payment and rewards system. Users can utilize PlayChip to participate in competitions and challenges, receive instant payouts, incentivize new and existing users, and provide metadata. This metadata assists PlayChip's operational partners in determining whether users are eligible to enter specific challenges or bets on their platform based on local jurisdiction regulations, following the completion of KYC procedures for each user.