Joy Token. ICO.

JoyToken is committed to deliver smarter games to existing and new casino players by giving innovative and creative games developers easy access to operators in our one stop solution. JoyToken delivers this in four easy steps:

Game integration and hosting is simple with our own tried and tested game development system.
Payments go straight to developers' bank accounts in the form of JoyTokens.
All relevant regulatory and compliance requirements will be taken care by us.
Instant access to market via our own online casino site; PlayCosmo Casino which is licensed in the UK, Malta and Curacao and allows developers to test their games before general release to other operator’s casino websites.

Any game before hitting the network of Joy Gaming must undergo a special verification procedure. This network is based on smart contracts that record and ensure the performance of all that is inscribed in the blockade. Using the block system, users can check everything that happens on the network. People who play games can learn in real time the results and contracts obtained in the network.

In traditional online casinos, before the invention of Blockchain technology, customers had to send their money to the casino gaming account in order to be able to play roulette, poker or slot machines. This allowed unclean dealers to cash in on their customers. However, Joy Gaming solves this problem thanks to the Blockchain. All the means of the player will be in his JoyToken-purse. After the player makes his bet, his money will go to a smart contract that manages the information received from all the elements of the system (the code of the particular game, the RNG entered by the player of the information). After that, the smart contract will check the results of the game and automatically distribute the funds according to the rules.

In addition to user benefits, developers benefit from the large liquidity pool and additional reputation provided by operating on the Joy Gaming network. Developers will be able to easily “prove” the games that the user plays because it is transparent and on the blockchain. The developer will connect to casinos and collect commissions from the games being played, while knowing they have a robust audit trail. Developers are crucial in the Gaming industry. We at Joy Gaming understand them and will work to provide the best experience in terms of fair reward, full support on the marketing process, and greater capacity of players.

THE TECHNOLOGY STRUCTURE

• The block-chain layer: this layer has 3 functions which are token management, game outcome management and providing auditability of the random number generator.
• Random number generator (RNG)
• Game applications (back/front end)

ICO AND KYC REQUIREMENTS

Due to the need to satisfy legal compliance we 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 Know Your Customer procedure may be implemented in order to comply with regulatory bodies, so in order to be able to access the game. Every client has to successfully go through the KYC process following each 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 block-chain.

The token to be used is called the Joytoken and 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.
We are very much aware of this challenge and are working to ensure our clients won’t come across it. We plan to upgrade to the new and under-development ERC223 standard (after it is fully developed). The ERC223 has a new feature that triggers, in the case of a scenario explained above, and the money is automatically sent back to the client.

Token sale structure

Crypto-currency 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.
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, but if the token n 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.

The team

This unique team has experience and expertise on its side and consists of:
• Andrew MacDonald – CEO: 20 years of retail and online gaming working experience for major blue chip companies.
• Mike Leys – CMO: over 34 years of experience professionally including 30 years in the marketing sector.
• Steve Giordano Imbroll – CTO: 10 years of software development experience, 7 years of business intelligence, banking and finances, high skilled product developer for a.o, Sony, Uber and PKR technologies.

WEBSITE: https://joytoken.io/
WHITEPAPER: https://joytoken.io/white-paper.html
TWITTER: https://twitter.com/JoyToken
FACEBOOK: https://www.facebook.com/JoyToken.io/
REDDIT: https://www.reddit.com/user/JoyToken/
TELEGRAM: https://t.me/joytoken
YOUTUBE: https://www.youtube.com/channel/UCE-zlk8yz----pULUnJknUw

author: https://bitcointalk.org/index.php?action=profile;u=1661852