Computer technology is rapidly progressing, and this leads to an increase in the user audience. Internet casinos are gaining popularity and this leads to the economic development of the gambling industry.
There are several factors that affect this:
- Ease of use. You only need to have a connection to the Internet - you can play without leaving your home.
- Scaling. The number of players gambling simultaneously can be much larger than in off-line casinos, and is limited only by the company's resources.
But online casino has a number of shortcomings that need to be eliminated:
- Cyber security. Hacker attacks pose a real threat to all online services, and online casinos are no exception. Personal information can be stolen by criminals.
- Transparency. Centralized gambling services can "twist" results in their favor and it is quite difficult to prove it.
- Technical failures. The game's progress may be interrupted due to communication disruption or hardware problems. Also, failure can be caused by DDoS attacks on the casino server.
Joy Token's solution
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To solve all the problems faced by modern offline / online casinos, Joy Token is developing a decentralized platform of "smart games" designed to push development of the entertainment industry forward. The protocol is based on smart contracts for automation and transparency of all platform's functions, excluding the possibility of fraud and unfair play.
The stack of technologies is made up of several components:
- Blockchain for managing tokens and game results.
- Game applications (client-server), which provides users' interaction with smart-contracts.
- A decentralized random number generator (RNG), based on information that is used to form a block for the purpose of generating random numbers (agile-approach).
Joy Token aims to create next-generation Internet casino by developing an innovative solution that allows game developers to integrate their solutions with the Joy Token platform.
Platform's implementation occurs in several stages:
- Proprietary system and hosting for game development, which will simplify the process of embedding third-party platforms.
- The ability to pay for services directly using Joy Token platform tokens.
- Unconditional adherence to all necessary standards and requirements.
- Instant access to markets through the online casino Joy Token.
Joy Tokens
JoyToken - the newest unique crypto currency of the ERC-20 standard, which allows developers to pay and receive rewards users playing their games. Players will be able to use the services of Joy Gaming on Play Cosmo's site, an international casino licensed in the UK, Malta and Curaçao. The new approach opens wide opportunities for the gambling industry and provides this market with transparency, anonymity and security, which is achieved through the use of blockchain technology. The company plans to move to the ERC223 standard when it will be finalized.
Information on crowdsale
Token sale is scheduled for March 20, 2018 and will last until April 20. BTC, ETH and bank transfers are accepted for payment. Softcap is $ 1 million, and hardcap is $ 46,340,000. If fund raised will exceed the hardcover, the excessive amount will be returned to investors within 15 days after the ICO's end. Token price is not specified yet.
nice post @meninblock
Interesting information
Nice post and nice name of JoyToken for gambling, @meninblock. It implies WINNING there. Probably the only better name might be WINToken... ;-)
Very interesting.
Bitcoin is the future