IOUplay aims to increase trust between gamers, guilds, and GameFi NFT investors. Basing on IOUtokens, "people's money with feedback" - Soulbound Tokens (SBT). It means tokenized civil debt receipts, promissory notes, or convertible notes, issued by anyone, anytime, anywhere, & backed by goods & services. The community rates & acts as sureties for responsible issuers so they can qualify for financing.

Inspiration

There are nearly 3 BLN gamers in the world, and ~ 8% of them (~250 mln.) have top profiles. For example, Blizzard fans have profiles that they have been growing for several years and spent several thousand dollars for this.

We made survey and got that up to 30% of players are interested in getting loans for their profiles from more than 100 who participated in the survey.
But investors or creditors don't know who comes to get loans because they see just a game profile. We are trying to solve this problem.

Solution

We offer investors a new instrument of gamers' reputation - the IOU token. When gamers issue this token, they bound their profiles, and save proofs of history of loans, wons, and fails. Everybody can see this rating and feedback on players’ IOUtoken smart contract.

Because of such "pumped" profiles are a result of several years of work and a lot of real bucks spent, they can be a significant "reputational pledge" to get the loan.

IOU tokens are ERC20 compatible and can be transferred, staked, and sold on AMM exchanges, like every ERC20 token. Gamers publish their offer for the loan on our p2p loans exchange, and creditors can check their credit history. Creditors can buy it as ‘promissory notes’ from gamers. After the credit period is finished, investors burn the gamer’s IOU, give feedback, and rate the loan deal results, which saves on the smart contract.

To get a more significant loan, gamers can invite their clan to be sureties. Clan members issue IOUsureties and send them to the borrower’s IOU. If a borrower bankrupts credit, the creditor can ask for surety from a clan, and if they don’t want to close credit, the creditor downgrades their ratings too.

All IOUtokens register on StoreIOU smart contract. Everybody can check what IOUtokens, are bonded to the concrete profiles. This means that a profile with a broken reputation can't be used again in the system.

-== Pitchdeck ==-