There exist three types of markets that have always been topical: alcohol, tobacco, and gambling. Currently, due to growth of popularity of a healthy way of life, alcohol and cigarettes sales have been reduced. However, gambling market continues to grow with a 10% rate of sales per year. Despite this tendency, it has several drawbacks that are as follows:
- distrust of gamblers to online casinos;
- big expenditure to launch new games;
- insufficient selection of games due to monopolization of the market by big companies.
All these problems can be solved with a new platform called Joy Token.
Project’s goal
Primary goals of the project are:
- to restore trust of gamblers by using Blockchain and smart contracts technologies;
- to reduce the level of expenditure on launching new games and reduce risks;
- to provide independent developers opportunity to promote their games;
- to expand potential of gambling;
- to meet the demands of the most exigent gamblers.
How it works
Gamblers, owners of online casinos and independent developers will become members of this platform. Each of them will benefit from Joy Token.
Level of trust of gamblers and their involvement can be gained only if a totally transparent system is created. It can be obtained with the help of Blockchain technology and use of smart contracts, which the developers intend to do. By using smart contracts, gambler will be able to check authenticity of results as well as integrity of the entire gambling process. A specific feature of this technology is that no one can rig the outcomes and regulate the process. Also, the developers have created their own casino called Joy Gaming that can be used for gambling. All games in this casino have been verified and are absolutely safe.
Another member of this platform that benefits from it is an independent games developer. The thing is that big online casinos use personal developers to create new products. At the same time, off-site developers are not needed despite experience and variety of ideas they have. Developers will be able to test and place their products on the Joy Token platform, drawing attention of gamblers and online casinos to their games. Moreover, the developers will no longer need to obtain a special license to start their games as after being tested, all games placed on the given platform become legal in the countries that support Joy Token.
The third party that benefits from the platform is online casinos. When visiting this platform, they can test and purchase from the developers the most interesting game that will draw attention of the most exigent audience. Therefore, developers and gambling platforms benefit from this interaction. The developers can focus on what they do best while the letter can increase their profits.
ICO dates and details
During primary placement of token, JOY coins of the ERC-20 standard will be distributed. 700 million coins will be released. Cost of 1 JOY is 0.2 dollar.
ETH and BTC coins, as well as bank wires can be used for purchase. Distribution of tokens will be completed on April 19, 2018.
Soft cap is 1 million dollars; hard cap is 46.34 million dollars. There will be no additional coins release. The price for tokens will be increasing with the increase of the number of new gamblers, developers, and online casinos.
Conclusions
Popularity of gambling grows around the world. Implementation of Blockchain and smart contracts technologies will allow making gambling even more popular than ever.
The basic reasons why this project is worth being invested in are as follows:
- implementation of Blockchain technology in one of the most profitable and rapidly growing spheres;
- benefits for game developers and owners of online casinos;
- restoration of gamblers’ trust;
- available turnkey product;
- cooperation with PlayCosmo online casino that has over 20 thousand gamblers;
- project’s team consists of veterans of gambling who have been working on the market for over 20 years.
The site and all the documentation can be found at the links below:
Site | Whitepaper | Telegram | ANN Thread
Links to my accounts:
/ Telegram / Bitcointalk /