Joy Token - Bringing Joy To The Gaming Industry

Project Introduction

The success of the world's entertainment industry from media, sports and gaming have all being about promotion.
This applies in the same capacity to gaming and casinos as the really successful companies spend a lot of money on promotion and advertising in order to get their brands the consumers. This doesn't necessarily mean they provide the best gambling experience or have a good reward system for both the game developers or the gamers.
I will be introducing Joy Token a cryptocurrency that aims to change the atmosphere of online gambling to that which benefits all the parties involved.

What is Joy Gaming?

Joy gaming is a decentralized platform designed for game developers, operators and gamers providing a transparent ecosystem in which every developer benefits from equal opportunities when it comes to getting the desired audience for their games and also provides gamers a much needed transparency about their bets and rewards. 
Joy token is an utility token that serves  as traditional casino chips for the gamers, and also as a means for rewarding the developers and operators.

Why is Joy Token needed? (The Problem)

Fraud and Problems With Calculation of Rewards: Fraud is not an uncommon practice in the traditional online gaming and reward system as there is no real transparency and oversight as regards the gaming and reward process making popularity and reputation the deciding factor for gamers to go by when choosing a platform to carry out their activities.
The calculations of rewards for both developers and players are sometimes unfair as developers have very limited platforms to integrate their business with very little insight into how the payments are calculated or if they are rightfully done.   
Developer's Game Integration: The integration of games by developers onto the backend of operators can be a really cumbersome process for the average game developers and as it takes a long process to file the necessary paperwork to have their games accepted by operators and the criteria for acceptance are sometimes unclear. 
Processing of Rewards: Processing of rewards and winnings for gamers takes a long process through third parties and different centralized channels. This payment channels deduct high transaction fees both for deposit and withdrawal of funds to the traditional gaming platforms. 
Gamer's Exposure: Gamers are only exposed to the games offered by the casinos. Thousands of amazing games offering great deals and experience to the gamers may not reach the desired audience in the traditional systems, as the large casino companies have the funds to promote their business and dictate to developers the kind of games the want on their platforms. This in the process drown out the little guys and in the process giving the gamers exposure to the less innovative, captivating and entertaining games provided by these smaller developers.
This concludes the highlight of a few problems existing in the world of online gaming and casinos. Joy token is providing a platform and ecosystem where this problems are solved in an innovative way and providing wonderful impartial experience for everyone involved.
In my next article I will be shedding some light on how these problems are tackled using the innovative solutions provided by the blockchain.
Be sure to always do your own research, Join the Joy token's Official telegram group https://t.me/joytoken and for more information about the project visit their website  https://joytoken.io and consult the whitepaper https://joytoken.io/white-paper.pdf 
You can also connect with me on Bitcointalk here: https://bitcointalk.org/index.php?action=profile;u=1556229 

Comments

Post a Comment

Popular posts from this blog

Get Ready To Be Rewarded For Streaming With CURRENT CRNC

Image
Project Introduction: The commercialization of the internet since it began in the mid-90s has changed the way we humans; interact, communicate, share experiences, have fun, do work and express our emotions. This has led to an increase in internet based companies who with great ideas, offer amazing services to better the lives of the people and in turn make enormous profits.  Consumer data is the air that this Internet services breathe and is what makes them thrive but in return the consumers use the service, donate their data and don't get a share of the rewards. Intellectual properties like music and videos are paramount in entertainment. Already consumers expend their data and sometimes money to enjoy these products with no form of monetary gain. What if there was a way to get rewarded for doing thing we already love doing? The blockchain has proven to be a even more revolutionary technology with which innovative solutions are provided for existing real life problems
Read more

SyncFab: The Future of Hardware Manufacturing - part 4: Token Sale and ICO Review

Image
Token Sale and ICO Review  Haven reviewed the SyncFab project; I also gave an example of a use case as applied to real life scenario. Next up is the ICO phase. The best blockchain projects with huge success in terms of ROI, implementation and meeting set goals all have some things in common: A good project that is needed, an experienced team, a Roadmap and clear vision for the future and finally good token economics The Project: Analyzing the project in the earlier parts of this series has shown that SyncFab is actually a project that relates directly with real life situations and offers innovative solutions to hardware manufacturing problems that almost all the parties involved face at one point or another. So this project is a go for me with the beta version already available I think this is a great project in all sense.  The Team: The Syncfab Team oozes of experience as it consists of members with a Successful track record in their respective fields.  The team consi
Read more

EQUI Capital: Limitless Venture Capital Opportunities for Everyone - Part 2: How It Works

Image
EQUI Capital - How it works The EQUI platform has three classes of actors; The Investors  The Holders  The Traders The investors are those who uses the EQUI platform to invest in businesses using the EQUI tokens. Investors commit the amount of their choosing into projects, the EQUI tokens are then sold for Fiat at a fixed rate. The investors are rewarded 75% of investment profits over a certain period if time on pro rata basis. The holders are actors who are yet to commit themselves to any investment but hold their EQUI tokens on the EQUI platform while the traders are people whose EQUI tokens are not held on the EQUI platform. Benefits of having token on the EQUI platform Aside from the returns and profits made by the investors, both the investors and holders are entitled to participate in a loyalty program which reaps rewards shared among the actors in the ecosystem. The profits of the traders however comes from the appreciation in the value of EQUI tokens and its s
Read more