Public Crypto BLOG: JoyToken - Smarter Games for Smarter Players

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.

Smaller developers also suffer because they are paid a small percentage of the games revenue and face difficulties when publishing a new game, such as: lack of immediate income and access to the large gaming platforms.

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.

Joy Gaming’s solution is blockchain-based and it allows developers to create games that are run on its backend through a smart contract, rather than directly on the blockchain. As all the results are recorded within the blockchain, there is significantly lower fraud. Thus players can verify that developers are running games exactly as described on the blockchain.

JoyToken Vision

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.

Our 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.

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.

The Blockchain layer has three functions: token management, game outcome management, and providing auditability of the Random Number Generator.

How JoyToken Works :

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.

In a traditional online casino, Clients send money to the casino in order to play its games. This creates the opportunity for potential fraud. Joy Gaming solves this problem by using Blockchain technology. All player funds will be stored in each player’s JoyToken wallet. When a player places a bet, the money will be sent to a Smart Contract which will manage the outcome of the bet in a decentralised manner. Using Blockchain means that the casino (i.e. the Joy Gaming Platform) has no control over the player’s money at any time.

The player owns his/her money at all times.
The player is the only person who has management rights over their funds.
Wagers will be managed in a decentralised manner using Smart Contracts.

JoyToken Benefits :

Best Token Practices
Unique Proposition & Size of Market
Operational platform

The following overall Game Architecture matches the Joy Gaming Platform requirements in terms of security, decentralisation and speed. There are four main components:

The Client - the player manages their money at all times.
The Blockchain - the smart contract controls the pay-out according to the game outcome.
The GS (Game server) - represents the databases where the game runs.
The WS (Wallet server) - the Platform actor’s wallet will be updated according to final play outcome.

Token Information

Token Symbol : JOY

Token Type : ERC20

Token Supply : 700,000,000 JOY

Token Price : 1 JOY = 0.2 USD

Token Sale Date :
Pre Sale : December 1, 2017 - February 26, 2018
Sale : February 27, 2018 - Maret 29, 2018

Soft Cap : 1,000,000 USD

Hard Cap : 46,340,000 USD

Accepted Currencies : ETH, BTC & Wire Transfer