Joy Token - The Future of Online Gambling
Joy Token
Joy token revolutionizes the online casino industry using the blockchain technology to create a platform where the players, the game developers as well as the casinos can all have a level playing field to transact safely and fairly.
Joy Token's Solutions to Existing Problems
Joy's Solution to Fraud and Calculation of Rewards: Using a blockchain where all information about transactions and earnings are recorded in nodes that cannot be tampered with, Joy token is governed by a smart contract and uses it in the generation of rewards based on gaming actions; meaning gamers are paid their winnings fairly and developers are also rewarded fairly per every game played by the players. The developers also have access to this smart contracts to inspect the fairness before the integration of their games.
Joy's Solution to Game Integrations: Joy allows game developers to develop and integrate games to run on its backend through smart contracts. The Joy gaming structural stack can however be split into three main components;
- The blockchain Layer
- Gaming Application
- Random Number Generator
More information about these layers and their technicalities can be found in the Whitepaper
Joy's Solution to Processing of Rewards: unlike the case of the traditional casinos and online gamers, the processing of rewards Where the payout/reward for both and the developers and gamers are redeemed through third parties which is a slow process and one in which high transaction fees are deducted.
Joy Tokens serves as the means of payment on this platform, removing the need for third party payment platforms and also ensuring immediate and instantaneous withdrawals.
Joy 's Solution to Gamers Exposure and Experience: With Joy's gaming solution, game developers do not have to hassle for listings on casinos and repeatedly get rejected, they can put up their new and innovative games on the platform as well as offering access to www.playcosmo.com an online casino already licensed in the UK among a few other countries. This platforms offers a vast variety games with different consumer experience.
Joy token offers solutions to these problems and many more, this is a game changer in the gaming industry, the game developers now have limitless opportunities to exhibit their talents and skills, and get rewarded brilliantly like never before.
The blockchain has been a revolution to different industries since its invention, and the successful implementation of smart contracts has changed the way deals are made and contract disputes are settled. With the joy token smart contracts the decentralized, centralized and human gaming actions are all integrated and combined such that gaming inputs, results, and rewards are detected, calculated and dispatched without any lagging or tampering. Details of every information is however all recorded on the blockchain ensuring they can all be verified in a transparent manner.
This is obviously a great project on paper but there are still a lot of factors that determines whether a project will be successful or not irrespective of how good they are on paper.
I will be covering in my next article those factors that I reference when researching projects to help make my decision to invest or not, so stay tuned.
Be sure to be part to JoyToken's telegram community https://t.me/joytoken and visit both the website https://joytoken.io and whitepaper https://joytoken.io/white-paper.html for more information.
Connect with me here on my Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1556229
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