What’s A Depression-Proof Business?
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The recent global recession has caused quite a stir in the business world. Who’s to blame? Could it have been avoided altogether? However specific business models and niches thrive in a recession climate more than ever. Gambling seems to be the answer to many that might have lost a significant amount of money, and they are looking for a glimmer of hope. Gambling is a fickle mistress, it can be fun, but it can be destructive as well. Millenial generations, however, do not indulge so much in gambling as their parents used to.
Using old models and not updating to the latest technologies bleed the gambling industry year by year. Blockchain technology, however, can change that by providing more reliable and transparent services and a more in tune experience with the younger generations as well!
Joy token: putting the joy back into gambling!
The team behind the Joy Token wants to create a blockchain ecosystem that strives to become the staple currency for Online Games and Gambling related services. The Joy Token
The ecosystem will give developers the opportunity to develop gambling associated games that are fully compliant, and that will ultimately benefit from the public image of the Joy Token community. Developing online games is hard, especially if you are a small studio you might struggle with the following issues:
- Low revenue streams
- Regulatory requirements
- PR and integration with big game markets
- Susceptible to be bought by big gaming companies
- A low reach of players
- Lacking marketing campaigns
The Joy Token network will address all of these issues based on the blockchain infrastructure that employs Smart Contracts to create never-before-seen levels of trust and transparency. Traditionally speaking, online gambling platforms operate on a black box back-end system having to de facto trust their funds with sometimes veiled and shady businesses. Joy Token will have an open infrastructure that users can consult and see that all of the created activities are actually running on the Joy Token system. The core benefits to the final users would have to be the following:
- Tamper-proof security systems
- Decentralized platform using the distributed ledger system
- Peer to peer governance system that ensures platform fairness
- Controllable funds via the “Smart Wallets” system
- Law compliant development network
The token sale is set to begin on the 20th of March 2018, and it will run until 19th of April 2018. The total number of JOY tokens is 140 000 000. All unsold tokens that come out of the sale event will be subjected to burn to ensure a fair market value. Users who decide to purchase JOY tokens during the token sale event will benefit from a 30% discount that will gradually decrease as the end date of the event approaches.
Coupling blockchain with the gambling system seems to be a match made in heaven, by finally solving the trust issues that the current gambling scene experiences other member demographics will finally consider to use gambling services in their free time!
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