Joy Token - gaming on the blockchain!

Platform will use the Ethereum network as a Blockchain based ecosystem. The Ethereum network is well-established, accepted, and used by the community with a full Turing language capability. While there are some latency issues, a middle-ground decentralised solution is proposed below that can significantly reduce this latency.

Joy gaming's technology offers a novel solution to connect small developers, software houses, large casinos and players. It creates a gaming ecosystem that both empowers players and helps developers and casinos reduce risk.

One of the JOY network primary goals is to welcome players who have been "turned off" by traditional casino gaming. There's just not a lot to choose from in online gaming, and what's currently available is rife with negativity. C'mon guys, online casino gaming is supposed to be fun!

Our technology stack is primarily composed of three main components: the Blockchain Layer, Game Applications (back/front end) and the Random Number Generator (RNG). The back/front end of the games will be running on databases, however all parts that could lead to any form of dispute between the player and the Platform will be decentralised and audited over the Blockchain using Smart Contracts.

Ecosystem benefits and structure

By operating on the blockchain, users can easily identify where their money is going and whether the results are fairly generated. User experience is our top priority and we will offer a wide variety of games, strong security, and reliability.

How it works.

Developing games in the gambling industry can be a difficult and lengthy process; especially when confronted by a low revenue share, regulatory requirments and integrating your games in the big game providers backend. The larger game developers have their own in-house game development teams and tend to use only a handful of independent game developers, leaving the smaller independent developer with limited access to this ever-growing market. Likewise the end users (game players) miss out on potentially exciting new games and must trust online casino operators who offer little transparency to their players.

Blockchain-based back-end and development stack.
Auditability and transparency over gaming codes — all contracts are accessible by players at all times.
Smart Contract implemented and connected to the Game back-end through APIs.
Security provided by the Ethereum Public Network.
A game registry system connecting game developers to liquidity providers (casinos).
Random number generation systems that allow games to be publicly verifiable and easily accessed by game developers.

Token sale structure

Cryptocurrency 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.

Oversubscription: 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.

Failure: If the token 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. Please note that no interest will be paid in such case.

The Joy Tokens have many diffenrents utilities, Joy Tokens have many different uses. In the most basic sense, JoyTokens can be used to by players to play the games on the Joy Gaming network. The network provides a frictionless rewards system, guaranteed pay-outs, attraction of otherwise unobtainable affiliates, eliminates potential fraud and reduces payment processing fees.

Team Joy Token

Advisors

Mateusz Mach — Advisor
Keld Knudsen — Advisor
Justin Jovanovic — Advisor