Playkey is not a cryptocurrency itself, but a decentralized cloud gaming platform that uses blockchain technology. It enables gamers to play high-quality video games on low-end hardware, as the games are processed and rendered on powerful remote servers and then streamed to the users' devices.
While Playkey does not have its own cryptocurrency, it provides a utility token called PKT. The PKT token functions within the Playkey ecosystem, allowing users to pay for accessing games and subscribing to different gaming packages. It also serves as an incentive for miners to contribute their computational power to the Playkey network.
With the PKT token, users can pay for playtime, buy games, and participate in various platform activities. The Playkey team held an Initial Coin Offering (ICO) in 2017 to raise funds for the development and expansion of its platform. The PKT token is listed on several cryptocurrency exchanges, where it can be bought, sold, and traded.
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