JoyToken is a platform and protocol that forms the foundation for a "trustless" gambling ecosystem

Date : 01/18/2018 @ 12:18PM
Source :ADVFN Crypto NewsWire
Stock : Bitcoin (BTCUSD)
Quote : 6387.99000000  -19.66000000 (-0.31%) @ 5:55AM
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JoyToken is a platform and protocol that forms the foundation for a "trustless" gambling ecosystem

JoyToken is a platform and protocol that forms the foundation for a “trustless” gambling ecosystem wherein smart contracts are used to automatically determine game outcomes. JoyToken’s greater aim is to further the growth of the gambling industry by creating entrepreneurial opportunities for game developers who otherwise may not have access to a large audience. By joining JoyToken’s platform, game developers can gain distribution and earn rewards from their games.

JoyToken is a fully-functional, blockchain-backed platform for the gambling industry wherein smart contracts are used to reward developers for creating games. JoyToken is the currency used within the JoyToken ecosystem comprised of players, developers, and casino operators. Unlike many other projects in the space, JoyToken has also been meticulous about abiding by local market gambling regulations so that developers using the JoyToken platform can have access to all jurisdictions legally. The JoyToken protocol will be shared with developers in mid January so they can begin creating their own games. For ease of adoption, JoyToken does not require casino operators to use JoyTokens to pay out players; they may choose to use fiat currency for gamblers but invoke JoyToken’s platform and blockchain-backed smart contracts to calculate percentages.
 
JoyToken’s sister company runs an operational licensed casino Playcosmo.com with licenses in UK, Malta and Curacao. Developers can save costs by using JoyToken’s gaming license and JoyToken will integrate with casino operator’s backend. 

Official Website: https://joytoken.io 


Operation Team:
Andrew Macdonald (Gaming Retention Manager Bet365)
Mike Leys (Head Acquisition & Brand Poker Stars, UK Country Manager MrGreen.com)
Steve Imbroll (Head of Business Intelligence Uber, PKR Technologies Ltd)
Adam Spargo (Head of Affiliates BetBright)
Grzegorz Dymek(C++ Game Developer Novomatic)
 
Investment and Advisory Team:

Keld Knudsen (CFO of MrGreen.com, public traded company on Nasdaq)
 
Investment Highlights
Typical Blockchain Application: JoyToken is introducing transparency to the players by allowing random number generator results to be verified on the blockchain and trust by ensuring casino operators can pay out winnings to players.
Huge Marketplace: Online gambling market is a 54 billion USD market size and JoyToken is one of the few token sales working with regulators to introduce blockchain to it
Existing Operational Licenses & Casino Operations: JoyToken will attract initial platform awareness through Playcosmo and would have a first mover advantage from its existing gambling license access
Live Platform: JoyToken has a live platform
Utility of Tokens: JoyTokens can be used for creation of blockchain games and for gambling transactions in regulated countries.

Experienced Team: JoyToken consists of senior executives from household names in the online gambling industry and backed by reputable investors and advisors.

Tokens Issued: Total 700 million JOY
Issued: 350 million JOY
Price is 1 JOY = 0.2 USD
No Lock Up Period
Presale Discount: 50% (0.1 USD)
Purchases above 100,000 USD, 4% Cashback in ETH or in REPUX
Purchases above 1,000,000 USD 60% Discount (0.08 USD)
General Sale Discount: 30%(0.14 USD)
Hard Cap: 46,340,000 USD

Token Issuing Time: At the end of Token Sale at End of March 
 

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