Peerplays is a residential blockchain built by a completely peer betting platform.
PPY tokens are digital assets that power the Peerplays blockchain. It has two basic functions: 1. Vote to witnesses and consultants
2. Participation rewards come from the function generated by the Peerplays blockchain.

Project Application

1. Voting
By using a delegated proof of stake (DPoS) consensus mechanism, Peerplays can be described as a blockchain managed by stakeholders. PPY token holders support Peerplay's continued security and growth by voting tokens from Witnesses and Advisors. The easiest vote to complete with Peerplays Core Wallet.

Anyone holding a PPY token can vote by adding the name of the witness to the voting section of its Peerplays Core Wallet. The core wallet then sends this voting information directly to the Peerplays blockchain. Each PPY token has a weighted vote so that its holders can participate in community and network maintenance. You can choose another Peerplays account yourself instead of having to vote for your own choice. This means that the voting rights of all your PPY tokens automatically follow the voting model of the proxy account you specified.

Every few hours, the Peerplays blockchain records all votes for all PPY token holders and automatically makes any changes to the list of active witnesses and consultants as needed.

2. Participation Reward
Participation rewards are a simple distribution concept, but it was almost unknown in the blockchain field before it was first implemented on the Peerplays blockchain.

Like most online gaming platforms, the Peerplays blockchain charges a small fee (depending on the percentage of the amount won or bet on a particular game/app), often referred to as a "commission." These fees are automatically sent by the blockchain to the virtual account, where they accumulate until the next payment date. On the payment date, all funds will be automatically allocated to the PPY token holder's account and proportional to the total percentage of PPY tokens belonging to each account.

Allocated to PPY token holders in the same denomination of digital currency as the payment commission. If the end user bets 1 BTC and receives a commission of 0.03 BTC, the PPY token holder will receive his share. Specific commissions in original BTC. If the original bet is in ETH, the allocation will be allocated to the PPY token holder in ETH, and so on.

Related links:
https://www.peerplays.com/governance/