Joytoken and Its Concept to Support Future Gambling Platform

DerecWiseman
3 min readApr 8, 2018

Joytoken may seem like the regular, another betting/gambling platform, designed with its own features and abilities. However, there are some benefits and specialities that make this platform different from the others. If you think that this platform is just the same as other gambling service providers, you are hugely mistaken. Expect special performance and outcomes from this platform.

Modern world gambling industry is developing at a tremendous rate — 10% per year, but some factors hindrance the evolvement of the market in separate countries, for instance, legal issues and local regulations. It goes without mentioning lack of transparency: there’s no guarantee that casinos don’t retain players’ and game providers’ revenues. Another serious problem is the fact that the vast majority of online casinos partner with well-known software creators only, which makes it impossible for independent minor developers to enter the market and promote their products.

How Joytoken.io solves all these issues?

The platform is open to ALL game developers, both individual and companies. That gives them a chance to introduce their slots and simulators to the wide public, and at the same time, gives gamblers the opportunity to try completely new applications and games. Since the platform is based on Ethereum blockchain, game results are regulated by smart contracts. That excludes any possibility of cheating: funds are fairly distributed according to the outcomes of game rounds. Joytoken.io helps developers to get the license for their games to operate in different regions: legal support is provided at all levels of development. All in all, Joytoken.io brings significant benefits for both parties — players and game developers. The first have the possibility to play a large variety of new interesting simulators and slots being sure that games are 100% fair, as well as payments. Software creators are encouraged to design catchy and high-quality products for a direct reward from Joytoken.io platform: they get support during game creation, implementation, and operation. To top it off, users trying new games are also rewarded, which solves the problems of testing of beta-versions, and lets companies know unbiased customer opinion with detailed evaluation of their product.

Benefits of blockchain for gambling

The platform itself functions as an online casino with one considerable difference: the casino offers games from many independent providers instead of a few industry giants. That makes the choice of applications more diverse.

Since Joytoken.io is developed on Ethereum blockchain system, the platform ensures transparency on all levels. First, all wagers are sent to the winning party automatically (they are distributed accordingly among the platform, game distributors, and gamers) depending on game results. Secondly, the users can stat assured that the casino doesn’t cheat: blockchain acts as the third party that calculates winnings and checks game outcomes. The information is stored in the decentralized system, which means no one can fake it. Thirdly, RNG (Random Number Generator) is used in online applications making them totally fair.

The entire data from the platform and games, including code, RNG info, user’s input, is regulated by the Smart Contract that distributes funds automatically according to contract conditions.

JOY Tokens Expect certain JOY tokens that would be used as the main currency for this Joytoken platform. If you want to bet or gamble, for instance, simply send out the tokens to the administrator and you are good to go. If you want to, you can also take part in the ICO investment. It gives you a chance to invest your money while at the same time, the collected funds will be used to develop the platform.

For now, the public token sale has started. It opened from 20th of March to 19th of April 2018. During different stages, expect different bonuses and different rates. Basically, the earlier you buy, the cheaper the rate will be.

For instance, when you buy the tokens from 20th to 25th of March, the price will be $0.14 with 30% of bonuses. If you buy them from 26th to 31st of March, the price will be $0.15 with 25% of bonuses. If you buy the tokens at the last dates, from 13th to 19th of April 2018, the price would be $0.18 with only 10% of bonuses.

Official site: — https://joytoken.io/ru/

white paper — https://joytoken.io/ru/white-paper.pdf

Twitter — https://twitter.com/JoyToken

Facebook — https://www.facebook.com/JoyToken.io/

Bitcointalk — https://bitcointalk.org/index.php?action=profile;u=1343129

Telegram — https://t.me/joytoken

Reddit — https://www.reddit.com/user/JoyToken/

YouTube — https://www.youtube.com/channel/UCE-zlk8yz----pULUnJknUw

Author: https://bitcointalk.org/index.php?action=profile;u=1636885

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