JoyToken: Trustless Gambling ecosystem
The gaming industry has grown exponentially over the past years. There are some online games with millions of daily players. However, the industry is greatly reputation-driven. Where on one hand gaming platforms that are famous are everblooming, on the other, new ones have to struggle hard to get users. This is due to lack of trust in the new platforms and, especially with the online gambling industry. Customers have a tendency to trust casinos and other real-time gambling places than an online gambling platform, even if such platforms offer better rewards and more interesting games. This shows the lack of customer trust in the online gaming when keeping track of user's investment is necessary.
Introduction to Joy Gaming
Joy Gaming is a solution to get the customer trust back in the online gaming industry. It aims to create a game developing ecosystem where it will allow developers and other businessmen build decentralised and transparent gaming platforms. The key-word here is 'transparent' which will allow gamers and developers to once again, have trust in the online gaming industry.
Problems with online gaming industry
The biggest drawback of the current online gaming industry is that it is centralized. Centralization may work for games that need single servers to allow interlinking of the users but gambling games where security and fair play are extremely important centralization cannot be good.
Developers are not given the fair share of the games and other platforms that they create. Small developers, barely earn any revenue of the actual worth of their game.
The solution offered by Joy gaming
Blockchain gave the world an immutable and incorruptible ledger holding system. Data once stored on the blockchain is there forever and cannot be changed by any malicious party. Further, all the storage done is decentralised which means that users can always keep track of the money they spend on the platform. Blockchain brings transparency and transparency brings trust. This means that the new upcoming platforms will not have to spend money on building a reputation to have players to trust your services. Smart contracts ensure that whatever terms are said once, should be met.
Benefit to the developers
Games and earnings can be instantly checked via the Smart Contracts and any money earned, is instantly paid to the Developers in JoyTokens.
Joy gaming token and ICO details
Token : JOY
Price: 1 JOY = 0.20 USD
Accepted currencies: BTC, ETH and wire transfer
Soft Cap: 1,000,000 USD
Hard cap: 46,340,000 USD
The JOY tokens will enable access to joy gaming protocol, purchasing game development API and will be used when wagering on these games.
Conclusion
The Gaming industry needs a revolution in trust when it comes to gambling games and tracking user investment and returns and that is what Joy Gaming strives to achieve. The gaming industry has attracted many companies who have come up with a decentralised solution to the problems in the industry. The Joy gaming platform sure will have a market competition. So a lot of its progress depends upon how the platform comes up in the future.
Website : https://joytoken.io/
ANN Thread : https://bitcointalk.org/index.php?topic=2625250.0
Telegram: https://t.me/joytoken
Authored By: Etheran
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1108165