On Thursday, July 14, the decentralized esports betting platform ArenaPlay issued the first significant listing of its native currency $APC, powered by the Binance Smart Chain.

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ArenaPlay’s native token launches on Binance’s decentralized exchange

ArenaPlay is a cross-chain and cross-smart contract technology that utilizes zero-knowledge proof technology. ArenaPlay identifies its business as a pan-entertainment competitive platform concentrating on games, quizzes, esports, and NFTs. 

To guarantee the confidentiality of financial dealings, it employs cutting-edge technologies such as zero proof together with a variety of account procedures. The native coin, denoted by $APC, is built on the BSC platform and has a supply of 100,000,000 tokens. 

However, since ArenaPlay used a process known as “burning,” the $APC cryptocurrency would eventually become a deflationary token with a total supply of 10 million. On July 14, APC became instantly tradable for members of the general public after listing on PancakeSwap, the biggest decentralized exchange (DEX) on the Binance Smart Chain. 

In addition, the initial set of features for ArenaPlay, which would include a betting and esports dapp, were supposed to come immediately after the listing on PancakeSwap. This was scheduled to occur. Certik, a market-leading company in the field of blockchain security, has validated ArenaPlay as a certified project. 

It also conducted an AMA with Cryptostalkers, during which it provided more information into the objective and development of its platform.

Press Release Statements 

The listing on PancakeSwap is the first big listing for $APC, as stated by official reports provided by the ArenaPlay team. Listings on several of the top 10 exchanges are anticipated to follow. 

According to a press release, ArenaPlay has successfully secured more than $2 million from respected investors in the blockchain industry. This amount includes $1.4 million from IDO by the community. 

ArenaPlay operates on a dual token economy, one that utilizes its own native token, known as $APC, in addition to a stable token known as $MUSD. On the ArenaPlay platform, which has MUSD functioning as its stablecoin, users are able to swap $APC earned as in-game awards for $MUSD at a 1:1 ratio. According to the explanation provided by the corporation, “this fosters the spread of the ArenaPlay ecosystem and lowers the need to sell.”

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