Blockchain based solution for gaming industry: JOYTOKEN
Whats up everybody WAJAHAT is here with another exciting blog on JOYTOKEN .The JoyToken is based on gaming industry where in smart contracts are used to automatically identify the results of scheme. It is a fully-functional, blockchain-backed foundation to reward builders for creating schemes. By joining the foundation, scheme builders can gain distribution and earn money from their schemes. The team of advisors is comprise of Keld Knudsen, Lee Murphy, Mateusz Mach and Keld Knudsen. The core team is comprise of Andrew MacDonald as a chief executive officer (CEO), Mike Leys as a chief managing officer, Steve Giordano Imbroll as a chief technological officer, Nathen Lockett as a compliance specialist, Adam Spargo as a marketing partner specialist, Grzegorz Dymek as a site leader or backend builder, Michał Huppert as a backend builder, Orlan Gansiniec as an QA, Mykola Kapravchuk as a leader frontend builder, Mateusz Krawczyński as a frontend builder, Bartłomiej Smagacz as web page or wordpress builder, Mateusz Kłodnicki as a mobile builder and Sławomir Król as a mobile builder. The random generator must solve the challenges such as time and delays from the blockchain ecosystem, such as mining block time, decentralization and fully auditability, licensing and legally compliant.
The company collected 0.5 million as a seed funding in June, 2017. The onboard advisors from industry and blockchain was gathered in October 2017. This gaming foundation was established and speaking at blockchain expo in November, 2017. The demo slot machine was develop by using smart contracts December 2017. The application for gambling builder was license December 2017. The company was launch in December 2017. The token sale was initiated in February, 2018. The token sale was audit in March, 2018. The schemes was live on Playcosmo in June, 2018. The expansion into fixed odds table schemes and integration to more platforms & direct operators was created in August, 2018. The token of the company is short as JOY. The price of Pre-ICO is 0.1 USD while 1 JOY is equal to 0.14 USD. The bounty is available. The platform is Ethereum and the currency accepted at this company are ETH and BTC. The soft cap includes 1 million USD while the hard cap is 46 million USD. It is in the United Kingdom. The restricted countries are China and USA. The total tokens are 700 million. The 20% of tokens are distributed in Presale which is equal to 0.14 billion. The 30% of tokens are Sold during initial coin offerings which is equal to 0.21 billion. The 10% of tokens are distributed for Rewards pool (VIP etc.) which is equal to 0.07 billion. The 23% of tokens are Sold on the platform which is equal to 0.16 billion. The 12% of tokens are distributed in Founding team (vested for 24 months) which is equal to 0.84 billion. The 3% of tokens are distributed in Ambassadors and Fund Raising Fees which is equal to 0.21 billion. The 2% of tokens are distributed in ICO bounties which is equal to 0.14 billion. The 1st stage of working is the creation of scheme by the builders who owns 100% of their scheme. In the 2nd stage, the builders owns 60% of their scheme. In the 3rd stage, the builders owns 20% of their scheme. In the 4th stage, the builders owns 3% of their scheme. The support to builders is provides by compliance from a legal & licensing perspective and blockchain integration. The player always own their money and is the only person who has management rights over their funds. A wagers will be managed in a decentralised manner by using Smart Contracts. The input in the scheme comes from the client’s wallet, scheme server & RNG.
Website:
https://joytoken.io/
Whitepaper:
https://joytoken.io/white-paper.html