What is JoyToken? How does the JoyToken Platform Works?

JoyToken

What is JoyToken?

Joy Gaming provides a platform for safe online gambling in which game outcomes are determined automatically through smart contacts. Game developers can gain distribution and earn rewards from their games through smart contracts after joining the Joy Gaming platform in the form of JoyToken. The platform helps users to trust online gaming by providing them a transparent and code-governed platform.

Joy Gaming uses an innovative RNG generator that gives players a sense of satisfaction that they are not been cheated.

JoyToken Unique Features

Some unique features of the JoyToken platform are listed as follows:-

1. Use of Smart Contracts

With the help of smart contracts, the player has complete command over his money all the time. This has been made possible only because of the Joy Gaming that uses blockchain technology which stores funds of all the players in their respective JoyToken wallet. Now, as soon as the player enters a game by placing a bet then its money is sent to a smart contract which in turn manages the outcome of the game in a decentralized way.

2. Ease of communication

Joy Gaming allows the developers to directly contact the casinos and present their newly developed games to them. This platform eliminates the need for any third-party user which in turn helps the casino owners and the developers to work together for their profitability.

3. Control over money

Unlike traditional casinos, players have full control over their JoyToken wallet at the time of gambling. They can easily withdraw money from the JoyToken wallet. This eliminates the involvement and control of casinos over player’s funds.

4. Decentralized platform

The smart contract uses a decentralized platform to complete the transaction after the game ends. In case of any dispute that occurs between a gambler and the platform, it will be eliminated after auditing in a decentralized way. This system helps in gaining the trust of players on the online gaming system which earlier was not possible.

What problem does JoyToken solve?

Currently, the existing gaming ecosystem is basically name-driven. Players are attracted towards casinos with big shot names or towards those who are spending a large amount of money in promoting themselves. All such things make it difficult for the small developers to stand in such a market where they receive a small percentage of the game revenue and also face difficulties such as no immediate income and no entry on the large gaming platforms while launching any new game.

JoyToken solves the problem by allowing developers to launch new games which instead of running on a blockchain will run on its backend via a smart contract. This helps in reducing fraud in-game as the results are recorded within the blockchain. Through JoyToken players can also verify if developers are running the same game which is described on the blockchain network. This platform also allows game developers to connect with the liquidity providers like casinos who provide them direct access to their game.

How does the JoyToken platform work?

As soon as a player enters into a game a smart contract will become active. Further, the function of Smart Card will be to manage the information provided by all parts of the system which includes Game code, RNG, player input, etc. After the game results are declared it will be verified by the smart contract and then the money will be automatically given to the right person as per the rules mentioned in the game.

How is JoyToken different from other online gaming platforms?

JoyToken has introduced a new angle of iGaming. They are not making any content by themselves instead they are bringing different independent developers close to one platform by bringing their games to the market. All the developers need is to update codes and API according to the JoyToken rules in order to maintain transparency in the game as well as on the platform.

This, in turn, leads to the development of a wide range of content by new independent developers. It also leads to the innovation of new creative games in the market as the developers have no restriction on building the game of their choice according to their creativity.

JoyToken Pros

  • It simplifies game integration and hosting process.
  • Payments directly go to the bank account of the developer in the form of JoyTokens.
  • All the rules and regulations are designed and taken care by the JoyToken team.
  • Instant access to market through casino site named as PlayCosmo Casino.
  • The site allows the developers to test their games before launching them to other platforms.
  • JoyToken provides a transparent platform to all the players. This gaming currency has high credibility and anonymity which is accepted globally.
  • It has easy and simple game integration.
  • It is a reputed and secure platform for online gambling.
  • It has its own system for creating and developing games which simplify Game hosting.
  • Players have a wide spectrum of games to choose from.
  • It helps small developers and coders to launch their game on a reputed platform.
  • JoyToken is free from every compliance, licensing and legal matters.

JoyToken Cons

  • This system leads to loss of time frames.
  • It leads to complete immersion in gambling.

JoyToken Team

  1. CEO – Andrew MacDonald
  2. CMO – Mike Leys
  3. CTO – Steve Giordano Imbroll
  4. Compliance Specialist – Nathen Lockett
  5. Marketing Partner Specialist – Adam Spargo
  6. Site Leader / Backend Developer – GrzegorzDymek
  7. Backend Developer – Michał Huppert
  8. QA – OrlanGansiniec
  9. Leader Frontend Developer – MykolaKapravchuk
  10. Frontend Developer – Mateusz Krawczyński
  11. Web Page/WordPress Developer – BartłomiejSmagacz
  12. Mobile Developer – Mateusz Kłodnicki
  13. Mobile Developer – SławomirKról

JoyToken ICO Details

  • Token Name: JoyToken
  • Token: JOY
  • Token Price: 1 JOY = 0.20 USD
  • Smart Contract platform: Ethereum
  • KYC: Yes
  • Payment Accepted: BTC, ETH, and Wire Transfer
  • Token Sale:
    • Presale Start Date = December 1st, 2017
    • Through = March 19th, 2018
    • Token Sale = March 20th, 2018
    • Through = April 19th, 2018
  • Market Cap:-
    • Hard Cap: 46,340,000 USD
    • Soft Cap: 1,000,000 USD
  • Token Distribution:-
    • 40% of Funds distributed among Partnerships
    • 30% of Funds distributed among Development
    • 15% of Funds distributed among Operations
    • 10% of Funds distributed among Marketing
    • 5% of Funds distributed among Legal & Security

Conclusion JoyToken is an online gaming platform that tends to help small developers, software developers, large casinos, and players. It helps the player to rely on casinos by providing them a safe platform to gamble. It provides a transparent platform to the players through which their trust can be gained in the online gaming industry. Players can enjoy doing gambling without any stress and with peace of mind that the game which they are playing is fair and safe.

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