Joytoken.io: Providing gambling with blockchain’s advantages

Joytoken.io platform was created to integrate blockchain into online gambling and revolutionize the way software developers and casinos interact with each other. The website serves as both marketplace and gambling platform for players from all over the world. The website is already present on the Internet – it’s being tested by gamblers and independent app creators. Fully-fledged launching of the platform is expected after the main sale in Spring 2018.  

  The idea behind Joytoken.io project

Modern world gambling industry is developing at a tremendous rate – 10% per year, but some factors hindrance the evolvement of the market in separate countries, for instance, legal issues and local regulations. It goes without mentioning lack of transparency: there’s no guarantee that casinos don’t retain players’ and game providers’ revenues. Another serious problem is the fact that the vast majority of online casinos partner with well-known software creators only, which makes it impossible for independent minor developers to enter the market and promote their products.  

How Joytoken.io solves all these issues?  

• The      platform is open to ALL game      developers, both individual and companies. That gives them a chance to      introduce their slots and simulators to the wide public, and at the same      time, gives gamblers the opportunity to try completely new applications      and games.
• Since      the platform is based on Ethereum blockchain, game results are regulated      by smart contracts. That excludes any possibility of cheating: funds are      fairly distributed according to the outcomes of game rounds.
• Joytoken.io      helps developers to get the license for their games to operate in      different regions: legal support is provided at all levels of development.

All in all, Joytoken.io brings significant benefits for both parties – players and game developers. The first have the possibility to play a large variety of new interesting simulators and slots being sure that games are 100% fair, as well as payments. Software creators are encouraged to design catchy and high-quality products for a direct reward from Joytoken.io platform: they get support during game creation, implementation, and operation. To top it off, users trying new games are also rewarded, which solves the problems of testing of beta-versions, and lets companies know unbiased customer opinion with detailed evaluation of their product.  

 Benefits of blockchain for gambling 

The platform itself functions as an online casino with one considerable difference: the casino offers games from many independent providers instead of a few industry giants. That makes the choice of applications more diverse. 

Since Joytoken.io is developed on Ethereum blockchain system, the platform ensures transparency on all levels. First, all wagers are sent to the winning party automatically (they are distributed accordingly among the platform, game distributors, and gamers) depending on game results. Secondly, the users can stat assured that the casino doesn’t cheat: blockchain acts as the third party that calculates winnings and checks game outcomes. The information is stored in the decentralized system, which means no one can fake it. Thirdly, RNG (Random Number Generator) is used in online applications making them totally fair.

The entire data from the platform and games, including code, RNG info, user’s input, is regulated by the Smart Contract that distributes funds automatically according to contract conditions.   

  Who is Joytoken.io created for?

The project will be interesting for global gambling community, both players and game developers. Clients (gamblers) can enjoy fair and fascinating player experience, while game creators can benefit from casino’s support and absence of numerous barriers.  

  About Joytoken.io team

Founded by Steve Giordano Imbroll, Andrew McDonald, and Mike Leys, Joytoken.io is being developed by specialists from all over the world. The platform is created by experts of programming, the blockchain, cryptocurrencies, online gambling, and other spheres. Huge cumulative experience makes the team competent in what they do. Besides, they’re backed up by globally acknowledged advisors.  

  ICO 

Preliminary sale of tokens took place in December 2017: 140,000,000 tokens were allocated. The main sale started on March 20th, 2018, and will last one month: creators plan to sell 700,000,000 Joy tokens. New tokens won’t be generated, and unallocated tokens are to be frozen for one year.  

The price of 1 Joytoken starts from $0.1 in presale period, and will gradually rise to $0.18 during the main sale. The soft cap of $1.000.000 has already been reached, while the hard cap of $46,340,000 also seems to be a goal possible to accomplish. In case of an unsuccessful sale, the team returns all investments. Aside from cryptocurrencies (ETH and BTC), wire transfer payments are also accepted, which is a good news for those who don’t own crypto-wallets.  

25% bonus will be provided until April 3rd. The minimum personal cap is $100, the maximum personal cap is $30,000 – pretty reasonable limits. That makes it possible to get investments from both individuals and large businesses.  

 Distribution of funds

  700,000,000 Joy tokens will be used the following way:  

• Presale      - 140,000,000 (20%);
• ICO      - 210,000,000 (30%);
• Rewards      – 70,000,000 (10%);
• Selling      of projects in the platform - 161,000,000 (23%);
• The      team - 84,000,000 (12%);
• Fund      raising and ambassadors - 21,000,000 (3%);
• Bounty      - 14,000,000 (2%).

  Recommendations

Despite a large number of online casinos existing, Jytoken.io has a chance to become of the major platforms due to openness for independent game developers. Local regulations in different countries (concerning both blockchain and gambling) can be the main factor restricting its development.  

Despite a large number of online casinos existing, Jytoken.io has a chance to become of the major platforms due to openness for independent game developers. Local regulations in different countries (concerning both blockchain and gambling) can be the main factor restricting its development.  

  More info can be found here:  

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