JoyToken is a platform and protocol that forms the foundation for a "trustless" gambling ecosystem
19 January 2018 - 4:18AM
ADVFN Crypto NewsWire
JoyToken is a platform and protocol that forms the
foundation for a “trustless” gambling ecosystem wherein smart
contracts are used to automatically determine game outcomes.
JoyToken’s greater aim is to further the growth of the gambling
industry by creating entrepreneurial opportunities for game
developers who otherwise may not have access to a large audience.
By joining JoyToken’s platform, game developers can gain
distribution and earn rewards from their games.
JoyToken is a fully-functional,
blockchain-backed platform for the gambling industry wherein smart
contracts are used to reward developers for creating games.
JoyToken is the currency used within the JoyToken ecosystem
comprised of players, developers, and casino operators. Unlike many
other projects in the space, JoyToken has also been meticulous
about abiding by local market gambling regulations so that
developers using the JoyToken platform can have access to all
jurisdictions legally. The JoyToken protocol will be shared with
developers in mid January so they can begin creating their own
games. For ease of adoption, JoyToken does not require casino
operators to use JoyTokens to pay out players; they may choose to
use fiat currency for gamblers but invoke JoyToken’s platform and
blockchain-backed smart contracts to calculate
percentages.
JoyToken’s sister company runs an operational licensed casino
Playcosmo.com with licenses in UK, Malta and Curacao. Developers
can save costs by using JoyToken’s gaming license and JoyToken will
integrate with casino operator’s backend.
Official Website: https://joytoken.io
Operation Team:
Andrew Macdonald (Gaming Retention Manager Bet365)
Mike Leys (Head Acquisition & Brand Poker Stars, UK Country
Manager MrGreen.com)
Steve Imbroll (Head of Business Intelligence Uber, PKR Technologies
Ltd)
Adam Spargo (Head of Affiliates BetBright)
Grzegorz Dymek(C++ Game Developer Novomatic)
Investment and Advisory Team:
Keld Knudsen (CFO of MrGreen.com, public traded company on
Nasdaq)
Investment Highlights
Typical Blockchain Application: JoyToken is introducing
transparency to the players by allowing random number generator
results to be verified on the blockchain and trust by ensuring
casino operators can pay out winnings to players.
Huge Marketplace: Online gambling market is a 54 billion USD market
size and JoyToken is one of the few token sales working with
regulators to introduce blockchain to it
Existing Operational Licenses & Casino Operations: JoyToken
will attract initial platform awareness through Playcosmo and would
have a first mover advantage from its existing gambling license
access
Live Platform: JoyToken has a live platform
Utility of Tokens: JoyTokens can be used for creation of blockchain
games and for gambling transactions in regulated countries.
Experienced Team: JoyToken consists of senior executives from
household names in the online gambling industry and backed by
reputable investors and advisors.
Tokens Issued: Total 700 million JOY
Issued: 350 million JOY
Price is 1 JOY = 0.2 USD
No Lock Up Period
Presale Discount: 50% (0.1 USD)
Purchases above 100,000 USD, 4% Cashback in ETH or in REPUX
Purchases above 1,000,000 USD 60% Discount (0.08 USD)
General Sale Discount: 30%(0.14 USD)
Hard Cap: 46,340,000 USD
Token Issuing Time: At the end of Token Sale at End of
March
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