Online betting is one of the worlds most successful industries, and it is still growing at high rate. By calculations, online betting grows about 10% each year. Last year online gambling market had a market size of about 47 billion USD, and it is projected to reach almost 60 billion in 2020.
Still, this industry has 3 major problems that need to be addressed if online gambling wants to keep growing, and keep growing fast.
- Gamers don’t trust online Casinos – Because of the lack of physical contact, and seeing in person everything that happens, gamers often wonder if the casino has cheated in some way in order to take their money. Anyone who has ever tried online roulette for example knows that the feeling of losing in front of your computer screen just isn’t the same like when you lose to a person throwing a ball on roulette.
- High cost and risk for realizing new games – There is a hard task ahead of any independent developer to create an online gambling game. It is very costly to acquire players and offer liquidity, and even harder to get the gambling license. This means that players can’t enjoy in a vast variety of fun games that may never be developed, and the whole industry is developed by a few large developers.
- Considerable lack of innovation and monopoly – Due to many barriers to entry in this industry it is lured by a few large companies who lack the vision and ideas of bringing new and exciting ways for people to gamble.
Luckily, JoyToken is here and it aims to solve all of these problems. By using blockchain technology and smart contracts JoyToken can create trust between gamblers and online casino. In a traditional casino player would have to blindly trust that casino is not going to cheat, but within this new way, games rules are encoded in a transparent smart contract which runs automatically and allocates winnings, and a player or anyone else can check and verify that the results are fair.
JoyToken is also offering a marketplace where developers who create interesting, innovative games can get players much easier than traditionally. Also, they earn money in real time, without the need of long waits for casino to pay them out. We said before that one of the biggest challenges for developers is to acquire a betting license. In this system, developers will be able to use JoyTokens betting license.
With this new system players will also have a benefit of enjoying in new and exciting games, which will be fair!
JoyToken already has a working platform and now they are launching ICO in order to get support for this revolutionizing system. Token is ERC20 for now, but because of proneness of this standard to user error, JoyToken planes to upgrade to ERC223 after it is fully developed.
JoyTokens can be used by players to play the games on the Joy Gaming network. For casinos and game developers, the tokens can be used to secure payment for running games and for receiving payment from players. For the smaller game developers tokens can be used to receive commissions from the casinos that provide the reputation and the working capital to offer the game.
If JoyToken has attracted your attention, you should know all of the ways you can participate in this project.
JoyToken has started their own bounty campaign in December of 2017. By participating in bounty campaign, you can help the creators of the project by attracting other potential investors trough marketing and promotional activities.
Bounty campaign consists of: Signature Campaign, Social Media Campaign, Translation Campaign and many more. Terms and conditions and other essential information about the campaign, you can find on the JoyToken bounty campaign web page: https://bitcointalk.org/index.php?topic=2648937.0
Furthermore, the other way to become part of JoyToken project is by investing in JoyToken tokens (JOY). Tokens are ERC-20 compliant. The Initial Coin Offering (ICO) started and is live for few more days, so you should hurry. You will be able to buy JOY tokens at the price of 1 JOY = 0,20 USD. All about the Initial coin offering and other information regarding purchasing of the token, you will find on JoyToken official web page: https://joytoken.io
For all necessary information about JoyToken or any new updates and news, you should visit:
• Official Web Page https://joytoken.io
• ANN Thread https://bitcointalk.org/index.php?topic=2625250.0
• White Paper https://joytoken.io/white-paper.html
• Facebook https://www.facebook.com/JoyToken.io/
• Twitter https://twitter.com/JoyToken
• Telegram https://t.me/joytoken