PLVZ is a functional multi-utility token which will be used as the medium of exchange between participants on the Playverz platform in a decentralised manner. The goal of introducing PLVZ is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Playverz platform without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. PLVZ does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will PLVZ entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. PLVZ may only be utilised on the Playverz platform, and ownership of PLVZ carries no rights, express or implied, other than the right to use PLVZ as a means to enable usage of and interaction within the Playverz platform.