Debert, Nova Scotia – December 21, 2017
The Peerplays Blockchain Standards Association (PBSA) has entered into an agreement with eXeBlock Technology Corporation (CSE: XBLK) such that eXeBlock will develop four decentralized applications (‘DApps’) over the course of the next twenty-four months. The DApps will be compatible with the Peerplays blockchain platform.
“We are very happy to see a company with eXeBlock’s scale and focus making this long-term commitment to the growth of the Peerplays ecosystem,” said Jonathan Baha’i, President of PBSA. “A key part of PBSA’s mission is to encourage industry partners to contribute to the growth of provably-fair gaming on the Peerplays blockchain, and we are confident that this agreement does exactly that.”
With the commitment to develop the DApps, eXeBlock will receive approximately 940,000 PPY tokens, a transaction with other PPY token holders which PBSA has helped to facilitate. The PPY tokens that eXeBlock will receive are part of the current circulating supply of PPY tokens, meaning this transaction will not dilute any other existing PPY token holdings.
“All PPY token holders will share in the revenues generated by these new DApps,” continued Baha’i. “PBSA is excited that its role in facilitating this transaction will help bring provably-fair gaming on the Peerplays blockchain to the widest audience possible.”
The Peerplays Blockchain Standards Association (PBSA) is a non-profit organization dedicated to promoting provably-fair gaming standards for the Peerplays blockchain in Canada and internationally. Visit www.pbsa.info for more info.
Peerplays is the first decentralized global gaming platform, disrupting the industry with a new paradigm of fairness, transparency, speed, and security. Peerplays removes the need for third-party gaming operators, using Graphene technology and Delegated Proof of Stake (DPoS) to provide the fastest, most decentralized blockchain consensus model available today. Learn more at www.peerplays.com
About eXeBlock Technology Corporation
eXeBlock is a designer of proprietary and third-party custom, state-of-the-art blockchain based software applications that provide secure and efficient solutions to businesses and markets globally. eXeBlock is one of the first Canadian public companies focused on the development of disruptive DApps using blockchain technology. eXeBlock will earn revenue from each transaction within the DApps which is expected to commence in the second quarter of 2018.