The existing Gaming ecosystem is largely reputation driven - a reputation built up by increased advertising. The popularization of digital games in the 21st century has had major effects within the interactive entertainment industry. To acquire and retain players, casinos are forced to spend large amounts in order to build trust and reputation through brand awareness. In addition, large casinos control game development. Players are forced to trust these casinos because a lack of transparency means that players can’t track their wagers and thus can’t assess the legitimacy of each bet. The rise in cryptocurrency has resulted in online gambling sites allowing these digital payments to be made and serves as the financial choice for those with money to play with. Although, the lack of trust and transparency is a burden with the online gambling industry as players tend to use notable casinos rather than smaller sites, even if they offer more “captivating games”, because players are naturally attracted to casino brands that they trust. Smaller developers also suffer because they are paid a small percentage of the games revenue and face difficulties when publishing a new game, such as: lack of immediate income and access to the large gaming platforms. This has led a team of professionals in the engineering industry and development industry to develop the JOY GAMING TECHNOLOGY.
The JOY GAMING’s solution is blockchain-based and it allows developers to create games that are run on its backend through a smart contract, rather than directly on the blockchain. As all the results are recorded within the blockchain, there is significantly lower fraud. Thus players can verify that developers are running games exactly as described on the blockchain. Further, game developers and software houses can connect and integrate with liquidity providers, such as casinos, to provide access directly to their games. Both the casinos and the developers benefit from the additional revenue and increased game innovation. The lack of reputation of any specific site can be offset by the fact that rules and underlying infrastructure of the games are recorded on the blockchain (in addition to the approval system before games are allowed to go live on the Joy Gaming network).
THE JOY TOKEN PLATFORM
The joy token platform runs on the blockchain system and by operating on the blockchain, users can easily identify where their money is going and whether the results are fairly generated. User experience is of top priority to joy token and they also go further to offer a wide variety of games, strong security, and reliability.
BENEFITS OF JOY GAMING
• All transactions are conducted directly from user’s wallet, so they have access to the funds at all times.
• Developers benefits from large liquidity pool and additional reputation provided by operating on the Joy Gaming network.
• Developers are provided marketing and direct access to our clients.
• Provides a frictionless rewards system and guarantees pay-outs.
• It offers a pay-per-game model.
• It ensures funds are safe and secure.
• Developers that create new, exciting and experimental games can enter contracts directly with casinos.
• It eliminates potential fraud and reduces payment processing fees.
JOYTOKEN DETAILS AND DISTRIBUTION
ICO DETAILS
• Pre-sale1st December 2017 14:00UTC – 19th March 2018 14:00UTC
• ICO starts: 20th March 2018 14:00UTC – 19th April 2018 14:00UTC
• Total token supply: 700,000,000JOY
• Hard cap: 46,340,000USD
• Soft cap: 1,000,000USD
• Currency accepted: ETH, BTC, Wire transfer.
• 1JOY = 0.02USD
• Emission Rate: no new tokens will be created
TOKEN DITRIBUTION
• Presale: 20% 140,000,000
• Sold during ICO: 30% 210,000,000
• Rewards pool (VIP etc.): 10% 70,000,000
• Sold on the platform: 23% 161,000,000
• Founding team, vested for 24 months: 12% 84,000,000
• Ambassadors, Fund Raising Fees: 3% 21,000,000
• ICO bounties: 2% 14,000,000
• Total: 100% 700,000,000
USE OF PROCEEDS
• Development - 30%
• Partnerships - 40%
• Operations - 15%
• Marketing - 10%
• Legal & Security - 5%
ROADMAP
• June 2017: OP: 500,000 Seed Funding
• October 2017: OP: Onboard advisors from industry and blockchain
• November 2017: OP: Joy Gaming Foundation Established, OUT: Speaking at the Blockchain Expo
• December 2017: TECH: Demo Slot Machine using Smart Contracts, OP: Application for Gambling Developer License, TECH: Launch of Joy Gaming for Developers, TECH: Code Audit.
• March 2018: OP: Token Sale
• April 2018: OP: Token Sale Audit
• June 2018: Games live on Playcosmo
• August 2018: TECH: Expansion into Fixed Odds Table Games, OP: Integration to More Platforms & Direct Operators.
TEAM
• Andrew MacDonald - CEO
• Mike Leys - CMO
• Steve Giordano Imbroll - CTO
• Nathen Lockett - Compliance Specialist
• Adam Spargo - Marketing Partner Specialist
• Grzegorz Dymek - Site Leader / Backend Developer
ADVISORS
• Mateusz Mach - Advisor
• Keld Knudsen - Advisor
• Justin Jovanovic - Advisor
The Joy Gaming Technology is a transparent blockchain –based system, which helps improve trust in the gaming industry, enables users to play in a transparent and code-governed environment. This allows players and developers to have confidence in the fairness of the games. Through innovative RNG generator, players will have peace of mind that the games they play are fair and safe. Therefore, users can play on Joy Gaming’s network and be assured that the games are fully verified and secure. Because no funds leave the user’s wallet until a game is initiated, the user is assured that their funds are safe and secure. The joy Gaming technology is the first of its kind in revolutionizing the gaming industry. I believe this technology is a great one and everyone interested in gaming should be a part of this great revolution. To know more about joy gaming or to participate, click on any of the link below.
Website:https://joytoken.io/
Whitepaper:https://joytoken.io/white-paper.html
Facebook:https://www.facebook.com/JoyToken.io/
Twitter:https://twitter.com/JoyToken
Telegram:https://t.me/joytoken
YouTube:https://www.youtube.com/channel/UCE-zlk8yz----pULUnJknUw
Reddit:https://www.reddit.com/user/JoyToken/
Authored by: Tszone
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1742409
Ethereum wallet: 0x684c9d1c004AB2023E1d3ae9aEb902B514B703d1
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