Joy Tokens - gaming on the blockchain
The lack of trust and transparency is a concern with the online gambling industry. Players tend to use reputable casinos instead of smaller sites, even if they offer more “interesting games”, because players naturally gravitate to casino brands that they trust. Joy Gaming’s technology is a transparent blockchain-based system, which will help improve trust in the gaming industry. Joy Gaming’s technology enables users to play in a transparent and code- governed environment. This allows players and developers to have confidence in the fairness of the games. Through an innovative RNG generator, players will have peace of mind that the games they play are fair and safe. Developers, casinos and businesses bene t from an ecosystem that provides liquidity sharing and fair compensation. By connecting developers and casinos, we aim for an optimal solution where all participants in Joy Gaming benefit.Learn More Website
The Joy Gaming stack
Our technology stack is primarily composed of three main components: the Blockchain Layer, Game Applications (back/front end) and the Random Number Generator (RNG). The back/front end of the games will be running on databases, however all parts that could lead to any form of dispute between the player and the Platform will be decentralised and audited over the Blockchain using Smart Contracts
The Joy gaming's solution
Joy gaming's solution is blockchain-based and it allows developers to create games that are run on its backend through a smart contract, rather than directly on the blockchain. As all the results are recorded within the blockchain, there is significantly lower fraud. Thus players can verify that developers are running games exactly as described on the blockchain. Further, game developers and software houses can connect and integrate with liquidity providers, such as casinos, to provide access directly to their games. Both the casinos and the developers bene t from the additional revenue and increased game innovation. The lack of reputation of any specific site can be offset by the fact that rules and underlying infrastructure of the games are recorded on the blockchain (in addition to the approval system before games are allowed to go live on the Joy Gaming network).
Ecosystem benefits and structure
By operating on the blockchain, users can easily identify where their money is going and whether the results are fairly generated. User experience is our top priority and we will offer a wide variety of games, strong security, and reliability.
The ICO, KYC Management and Requirements
In order to satisfy our legal compliance, we have to associate each investment with its investor. All participants with purchase amount 10,000 USD and above will go through the basic verification procedure that includes a copy of their ID (government ID, passport or driving license). This process will be managed by JUMIO, which is a trusted KYC management company.
The Game Access, KYC Management and Requirements
KYC may be implemented in order to comply with regulatory bodies. In this case, in order to be able to access the game, every Client has to successfully go through the KYC process. Following each successful KYC check, the Public Key of the Client’s Wallet will be added to our system. Once the client’s public key is added, then the client can use our ecosystem. Players will then be easily able to see their status and review their play history on the public blockchain.
Token Sale
The Token JoyTokens will be available for purchase on the Ethereum network as an ERC20 token. There is a current challenge with the ERC20 token: if you send your token to a Smart Contract, you have to use the “approve + transfer form” function to make the transfer. But, if you send your token to an externally owned address, you have to use the “transfer” function. Unfortunately, if you make a mistake using those functions, then the money is lost,Visit https://joytoken.io/white-paper.html
Sample code for the ERC20 token interface
Token sale structure
Cryptocurrency accepted: ETH, BTC, Wire transfer
Hard-cap: JoyToken sale has a hard-cap of 46 340 000 USD.
Soft-cap: JoyToken sale has a soft-cap of 1 000 000 USD. If the total amount raised is below the soft-cap, the offering is considered failed.
Timescale: Starting approximately on 20th of March 2018 and lasting for up to 31 days or before all the tokens are distributed.
Oversubscription: When JoyToken offering raises more than 46 340 000 USD, the token sale will be closed immediately. There is a chance of oversubscription. In such an event, the exceeding amount of fund will be returned within 15 days after the close of the token sale. Please note that no interest will be paid in such case.
Failure: If the token sale does not hit the soft-cap, then it will be considered a failed token sale. The offering will be terminated and any funds sent will be returned within 15 days after the close of the token sale. Please note that no interest will be paid in such case.
Other risks: The sale of the tokens involves a number of other risks that are explained in the Private Placement Memorandum (PPM) that accompanies the token sale documents. Those risks include, without limitation, the SEC’s current position that similar tokens were considered securities and required registration or an exemption, potential loss of value in the tokens, inability to resell the tokens, failure to develop the Joy Gaming network, and viability of technology risks. The reader is urged to read the PPM for a fuller explanation of the risks and to obtain proper counsel before proceeding with any investment.
Token Distribution
Roadmap
JUNE 2017
OP: 500,000 Seed Funding
OCTOBER 2017
OP: Onboard advisors from industry and blockchain
NOVEMBER 2017
OP: Joy Gaming Foundation Established
OUT: Speaking At BlockChain Expo
DECEMBER 2017
TECH: Demo Slot Machine using Smart Contracts
OP: Application for Gambling Developer License
TECH: Launch of Joy Gaming Platform for Developers
TECH: Code Audit
MARCH 2017
OP: Token Sale
APRIL 2018
OP: Token Sale Audit
JUNE 2018
TECH: Games live on Playcosmo
AUGUST 2018
TECH: Expansion into Fixed Odds Table Games
OP: Integration to More Platforms & Direct Operators
Team
CEO,Andrew MacDonald
20 years of experience in Retail and Online gaming working for major blue-chip companies. Successfully applying marketing retention techniques focussing on the individual player as well as ensuring quality game offerings to promote business growth. A keen troubleshooter with a strong data focus.
CMO,Mike Leys
Over 34 years of professional experience, including 30 years in marketing sector. Senior Manager and senior marketing specialist with knowledge and proofed involvement in all areas of on and offline marketing and ecommerce across the world. His sector experience includes iGaming, entertainment, mobile, retail, financial services. Since 2005 in the iGaming sector - successfully launching a number of online gaming sites with a focus on attracting quality players.
CTO,Steve Giordano Imbroll
Full 10 years of Software Development experience, 7 years of Business Intelligence, Banking and Finances. High skilled product developer for, a.o., Sony, Uber & PKR Technologies. Professional juggler of multiple requests from various departments. Visioner on the intricacies of the company’s performance. Recently fascinated with Gaming and Securities.
For More Information :
Website: https://joytoken.io/
Whitepaper: https://joytoken.io/white-paper.html
ANN Thread: https://bitcointalk.org/index.php?topic=2625250.0
Facebook: https://web.facebook.com/JoyToken.io/?_rdc=1&_rdr
Twitter: https://twitter.com/JoyToken
Telegram: https://t.me/joytoken
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1370037
ETH: 0x8725Dcd3B510ef1bB8Ea5b86Eb361Df93155DBe5
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