Introduction
Gaming has been a source of fun and money in our society way back in history till this century. Right from the ancient times (like Roman Empire, Greek, British colony, etc) till the modern day, gambling has taken different forms in the society.
Like every other industry, the gaming industry has been enormously influenced by the technological advancement. Technology has led to a lot of innovations in the gaming industry, one of which is online gambling. In online gambling, developers can easily develop game applications which the players can play online at the convenience of their phone or computer. This advancement has revolutionize the industry for players, operators, developers and other stakeholders.
Though technology has transformed the gaming industry, there are still some stones left unturned.
The problem
The online gambling market is still monopolized a little due to the high barriers to entry. The market is largely dominated by the big guns leaving little or no room for the smaller independent developers. The aftermath effect of this on the whole market is inefficiency and less innovation. The innovation in the market is minimal due to the high cost of launching and gaining license for new games. These costs often discourage the small independent developers and are seen as an advantage for the big guns who can afford to spend big in order to promote and maintain their brands. This denies gamers the opportunity to assess exciting new games.
Another issue pressing in the current online gambling industry is the issue of trust and transparency. Gamers find it difficult to put Utmost trust the fairness of the games they play. Most gamers feel the game has been manipulated by the operators, since there are no ways they can verify the fairness of the game.
JoyToken is the revolutionary solution
JoyToken is a platform that leverages the Blockchain technology to provide a remarkable, innovative, and transparent online gambling ecosystem. It aims mainly to provide solution to the shortcomings of the present online gambling industry.
JoyToken Is a game changer in the online gambling industry. The ecosystem is design to improve innovation in the industry. It offers innovative solutions to all these (stated above) problems.
JoyToken creates a platform where independent developers have to worry less about gaining licenses, getting users to play the games developed and earning money. Independent developers, who previously find it hard to break into the market due to the high barriers, now have a platform that offers them everything needed to join the ever-growing market. The licensing and marketing of games are done by JoyToken leaving room for the developers to focus more on creating more exciting games.
Also the issue of trust and transparency is not left out. JoyToken through the use of smart contracts creates trust in the ecosystem. Previously gamers find it difficult to trust the operators due to inability to verify the authenticity of the game played. JoyToken solves this problem by integrating the games with a smart contract. Smart contracts allow gamers to check the fairness of the game played.
Smart contract from the word smart and contract means contracts that are executed without the need for a third party. It eliminates the human factor errors in it execution and execute contracts according to program. Since the games played are guided by smart contracts, users are guaranteed of it fairness, because the game is played strictly according to the rules of the game. Users can also verify this on the computer server.
JoyToken creates an exciting gaming ecosystem for all stakeholders in the industry.
ICO structure
JoyToken started it token sale sales on 20th of March 2018 where it will be offering it tokens to the public. The token sales comprises of 5 different bonus stages ranging from 30% which is available from March 20th to March 26th, 25% (from March 26th to April 1st), 20% (from April 1st to April 7th), 15% (April 7th to April 13th)1, to 10% which is from 13th April to 19th of April 2018.This can be seen as a good strategy to attract investors. The JoyToken is ERC20 token built on the Ethereum Blockchain.
Token Ticker: JOY
Token type: ERC20
Price 1 JOY = 0.14 USD
Accepting ETH, BTC
Can't participate: China, USA
Official Contacts
Website: https://joytoken.io/
Telegram: https://t.me/joytoken
Whitepaper: https://joytoken.io/white-paper.html
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1633818
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