Play Solana is a Depin project that sells game consoles. The phone looks very silly (as shown in the picture), yet it sells for $329. The reason is that it has a built-in Solana hardware wallet and can earn the game coins it issues, so-called play-to-earn. It is estimated that the project team was inspired by Solana selling phones. The project itself does not depend on whether the games are fun or not, but rather on whether players want to make money and are willing to invest in buying game consoles.
Here are some details about this project:
First, Play Solana is a vertically integrated Web3 gaming ecosystem based on the Solana platform, which includes the PSG1 handheld console and SuperHUB, the latter covering areas such as hardware, games, identity verification, DeFi, and culture.
Two, the project team is community-driven, starting operations in 2024, without relying on external capital, led by three core members.
Three, the project raised funds through community support and presales, without traditional venture capital, selling 150 million tokens in 3 minutes during the presale, raising about $2.6 million, with a total presale funding scale of about $5.9 million; additionally, the project has generated over $5 million in revenue.
Four, the project launches in 2024, starting in a community format with the release of the Player1 and Player2 NFT series; in the first half of 2025, the SuperHUB foundation will be established and integrate Solana NFT badges; the third quarter will open pre-orders for the PSG1 handheld and task expansions, with shipping starting on October 6; the fourth quarter plans to hold a token generation event (Binance TGE) on November 14 and launch Season 1, activating full features, including on-chain games and DeFi expansions.
Five, the community earns XP points through tasks, purchasing products (such as the PSG1 handheld or NFTs), and staking, which can be redeemed for airdrops; there is a badge system that integrates with other Solana NFT communities (such as Okay Bears and DeGods), where holders can earn additional XP; airdrop events include 21% of the token supply allocated to PSG1 purchasers and XP holders, with 56% of the total supply used for community rewards, encouraging players to participate in games and social activities.
Six, the $PLAYSOLANO token is the core of the entire ecosystem, used to pay in-game rewards, purchase hardware, earn from staking, and participate in DeFi lending and NFT trading.
Seven, the total token issuance is 5 billion $PLAY, with an initial circulating supply of 150 million; the unlock plan has not been disclosed in detail, but 150 million have been sold in the presale, and the community portion (including airdrops) will be gradually released, with NFT holders and early participants having an XP conversion mechanism that allows them to exchange for tokens with no lock-up period at TGE.
Eight, the pre-market price of Playsolana is $0.02 per coin, with Binance Alpha targeting a price of $0.05 per coin, corresponding to a fully diluted market cap of $100 million.
