JoyToken — My Subjective Opinion
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Alright guys, to finish up this review series here’s my own personal opinion on the JoyToken project as promised in the earlier article. I’ll try to keep it short and sweet since most of you probably have already made your decision.
To begin with, the project itself: For the fact that I was playing different online casino games a few years back, I can very much relate to the problems they addressed. As a gamer you sometimes get the feeling of being fooled by the games without any chance of knowing if they are coded sincere or not. Smart contract based games could fight this issue and allow a whole new level of transparency, additionally to the JoyToken cryptocurrency itself.
This is another huge factor for me. The transfer times of online casinos often times take several days, especially over the weekend. Using an ERC20 based token would eliminate this issue and allow real time transaction within minutes, allowing games to withdraw and deposit their JOY faster than traditional fiat money.
The team is looking good too. I’ve skimmed through their LinkedIn’s and recognized that a lot of those guys have worked at huge companies in the industry like MrGreen.com
and PokerStars.
Even though I don’t know how much power those companies have in the industry, the connections surely benefit Joy Gaming Ltd. in the long run.
The ICO terms were laid out quite transparent and understandable. The only thing I have to criticize is the marketcap. With a goal of ~46 million it’s quite optimistic to say at least. However based on the fact that their bonus structure is similar to the one on RepuX, the remaining tokens which are not sold will be burned after the token sale, actively decreasing the marketcap and the token supply.
Based on the fact that their company, Joy Gaming Ltd., is registered since about two years and has an already running platform, I’m quite optimistic on the project. In the current state of ICOs, a lot of projects are nothing more than a whitepaper, which sets JoyToken ahead of the competition already. Even though the current market conditions are surely sub-optimal for every ICO out there, I do believe that now is the time to prepare your portfolio for the next bullrun, for which reason I will have a close look on how JoyToken will perform in the ongoing weeks and I’ll decide in time if I participate in the ICO or not. Either way, the JOY token will surely find it’s way into my portfolio to some degree.
Thats it from me on the JoyToken review, thanks for tuning in and keep an eye out for the next project I’ll start tomorrow!
If you can’t wait for the next article, have a look at JoyToken’s website, BTN/ANN threads or shoot them a message on Telegram!
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