Joy Tokens - Gaming on the Blockchain
The online gaming industry has been growing exponentially. Every day there are new developers with new games, interesting games; games that will help you win money. It is a known fact; a lot of people are attracted when it's about money. Yes, we're talking about casinos. And, when it comes to gambling, you have got to read about JoyToken. They started out in June 2017 and are all set to have their games live on Playcosmo.
Introduction
JoyToken is a platform for both gamers and developers. Developers can present their games through a platform that is completely trustable. Gamers, on the other hand, they have a secure and safe platform where they are completely immune to frauds. JoyToken provides its users many excellent features to make the experience worth coming back and suggesting to people around them.
Traditionally, the scenario was when people wanted to play, they'd place their bets and the money would be with the game, i.e. it's transferred to the developer. Now, what happens next is, the normal protocol of the game is followed, either you win the money or you lose it. It's pretty simple. But, there have been multiple cases of frauds where once the player places their bet, they never get the money back, even if they win. Due to such experiences, it has been difficult for the gamers to trust new developers or new games even though those games seem to be a lot of fun. This robs the new developers of a fair chance and also the chance for gamers to try something new.
This is where JoyToken comes in. JoyToken provides a platform for new developers to present their casino through this platform where everything works through a blockchain (the data on a blockchain is updated simultaneously by every computer on the network and it is accessible to everyone only to view, not to copy. Since the information on the blockchain is not stored in a central location; it cannot be hacked and misused). Bitcoin uses this technology too. JoyToken's platform uses the Ethereum Network as its blockchain.
Let's discuss the features in detail
Immune from Frauds : Before the gamers can access the games, these games go through a whole process which ensures the legitimacy of the developer and the game. JoyToken thoroughly checks everything so that the gamers don't become the victims. Since the data is accessible to the audience at all times, the developers cannot engage in such violations.
JoyToken Wallet : Traditionally, the money is transferred to the Casino's account when the gamer places a bet and the gamer is credited when they win and vice versa. The amount that the gamer wants to place as a bet is added to the user's JoyToken wallet so that the user is in control of their money at all given times. Only when the user loses, the money is deducted, not before than that.
Smart Contracts : The Smart Contracts, records everything that's on the blockchain and that is how they audit Joy Gaming. Through this, the gamers can view the rewards and the outcomes of the network, giving them utter and complete transparency.
Random Number Generator (RNG): Usually, the hosting company generates the numbers which can be difficult to trust. But, the RNG used on this platform is linked to the Ethereum Network and each game runs on a custom built algorithm which ensures the outcomes will be completely fair.
Advantages
About the Tokens
The tokens are basically another form of cryptocurrency. Its value will be whatever the developers or the gamers are willing to pay. Since it excludes actual money from the scenario it eliminates the risk of potential fraud. The most basic use of these tokens is to obviously use them for playing games on the Joy Gaming Network.
The JoyToken Sale:
After 32 days, there is going to be a grand Token Crowdsale for potential gamers to buy tokens for playing games. The games are not live yet, but they are set to go live sometime later in 2018, for sure. Their growth has been tremendous up until now.
PRE-SALE: 1ST December 2017 14:00 UTC through 13TH February 2018 14:00 UTC
TOKEN SALE: 27th February 2018 17:00 UTC through 29TH March 2018 17:00 UTC
| 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* |
The Final Verdict
It'd be a pretty great experience to gamble through this platform. To buy these tokens in a month would be a rather fruitful. Like Bitcoin, you never know when its value is going to shoot for the stars.
Blockchain technology has made the internet a whole new place. It is incredibly safe and transparent. Gamers have complete access to see what they're dealing with and thus, they can choose wisely. As mentioned, it gives a much deserved fair chance to genuine developers. It's a win-win.
Website:https://joytoken.io/
Whitepaper: https://joytoken.io/white-paper.html
Blog by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616