EtherJack - ICO & GAME The First Or The Last!

EtherJack.io is the first fully smart contract based jackpot game. The core game process is safe and secure, running completely on-chain, operated by contracts with disclosed source code, with only optional extensions basing off-chain.
In EtherJack, the whole game process is controlled by participants, in this sense it’s a massively multiplayer community game. The rules are simple: bids fill up the jackpot, the last to bid wins and gets the huge prize. The developers (or anyone else) can’t affect the game process, can’t manipulate or adjust it, or change the rules on the fly. The fixed contract code ensures the game is transparent and fair to all participants.

The advantages of Blockchain systems are apparent when it comes to entrusting currency to some medium. The medium being a smart contract on a blockchain, for which the source code is disclosed, and which allows no backdoors for developers, completely solves the trust issues associated with this kind of games. Abstract EtherJack.io is the first fully smart contract based jackpot game. The core game process is safe and secure, running completely on-chain, operated by contracts with disclosed source code, with only optional extensions basing off-chain. In EtherJack, the whole game process is controlled by participants, in this sense it’s a massively multiplayer community game. The rules are simple: bids fill up the jackpot, the last to bid wins and gets the huge prize. The developers (or anyone else) can’t affect the game process, can’t manipulate or adjust it, or change the rules on the fly. The fixed contract code ensures the game is transparent and fair to all participants.

Today, there already exists a number of games and platforms working within blockchains, powered by smart contracts. However, because of certain technical limitations (like the time it takes to have a transaction fully processed), most types of games are effectively incompatible with the architecture: nobody is ready to wait up to a minute before the next action. Thus, EtherJack enjoys all the advantages of an on-chain game (100% fair and transparent, with clearly defined and unchangeable rules) and doesn’t suffer from the downsides associated with slow processing speeds.

Unlike many ICOs, the EtherJack ICO is not offering a share in a business, which isn’t established yet, and does not in fact make any promises that can’t be verified.

The game is completed, and is running. Participating in the ICO is the first stage, where the jackpot is accumulated, and a portion of game tokens is distributed. The tokens sold (JACK Tokens) are a part of the game, and their role is defined in the game’s smart contracts. Once the ICO is complete, the Jackpot contract will (with a 2-day delay) switch to the game stage, and it will be the time for JACK holders to be taking advantage of their investment.

JACK Tokens
The JACK token holders benefit in a number of ways:

• bid with a token instead of ever growing ETH amount;
• store the tokens in the Vault and get a cut from each ETH bid made;
• sell tokens to players at ever growing price via the Vault;
• sell to anyone via exchanges or personally.

Jack Token Allocation

Promotion Plan

It is in both ICO investors’ and developers’ interest to have as many bids as possible placed, and as many as possible JACK Tokens sold during the game phase. Therefore it is the creators’ task to attract as many people as possible into the game. Funds collected via the ICO as well as the House’ share of running dividends will be used for acquisition of new players.

The main directions of marketing are:

• Bounty program on forums. 2.5% of minted JACK will be used for this purpose. The bounty program description is available at https://etherjack.io
• Targeted ads on general purpose platforms: Facebook, Instagram, Google AdWords.
• Paid advertisement on Cryptocurrency, ICO, and Ethereum centric portals.

Website: https://etherjack.io
Twitter: https://twitter.com/etherjack_io
Telegram: https://t.me/EtherJack
Bitcointalk announcement: https://bitcointalk.org/index.php?topic=2810343
Whitepaper: https://etherjack.io/EtherJack.io.pdf

Author:
My BTT: https://bitcointalk.org/index.php?action=profile;u=1366850
MyEth: 0xa4ee0e08D280B1b2AdFb0c942E70BFB22152446a