Joy Token - Why Is This a Good Investment Opportunity?
Joy Token
While researching ICOs i intend to invest in, I personally evaluate and reference four major aspects of the project namely; the project itself, the team in charge, the road map progress of the project and the ICO structure. These points help me gain a much needed insight into the project I am buying into and their chances for success in the existing crypto market.
Project Assessment
The Project
The Joy token project while assessing it shows that it not only provides innovative solutions to existing problems but also offers solutions to problems a lot of people never knew existed so in a way it is more like a brand new platform injection brand new ideas and opportunities into and existing multi-billion dollar industry.
Joy token already offers developer's access to integrate and test their games on playcosmo.com which is a live casino already regulated in the UK and a few other countries. with joy token developers, gamers and operators do not have to worry about regulations as this is a platform that keeps regulatory compliance and breaks no rules in order to deliver the best of benefits to the actors in the ecosystem.
This platform itself in its idea and concept has the attributes of a project that will get wide acceptance, recognition and most importantly it is achievable.
The Team
Joy token is backed by a team of professionals with very strong backgrounds cutting across fields of online and retail gaming, marketing, software development and IT (including backend, frontend, web developments and many more). The team may seem very well equipped but what does the experience say?
According to the whitepaper;
The team leader and CEO in person of Andrew MacDonald for one boast over 20 years experience as an accomplished expert in the fields of retail and online gaming for major blue-chip companies. The CMO on the other hand is a marketing expert with well over 30 years of professional experience.
There are a total of 13 team members on board with experience across the different fields stated above among a few others. This is a team that is experienced and fully dedicated to achieving the set aims of this project. Profiles of team members is available on the Joy Token website here https://joytoken.io/team.html
The Roadmap
The Roadmap of any project and its progress says a lot about the team and their dedication to delivering the product. Personally the presence of a working prototype is the first main factor I look for when analyzing a project's roadmap because I believe a serious project should have a working product before launching a token sale for investors.
Joy Token started back in June 2017 and by December 2017 already have a demo slot machine working with smart contracts and a the launch of the Joy Gaming platform for developers. The project is currently in its token sale phase which started in March.
After the ICO the live gaming platform on Playcosmo wouldn't take too long, as this comes in June 2018 and would give gamers and developers a chance to use the joy gaming solution for their gaming experiences.
The Roadmap of joy token shows this is a project that is not beating around the bush or wasting the time of investors and potential users, rather it is a platform that is ready to hit the ground running at the earliest opportunity.
The ICO Structure
The token sale phase of Joy token will end on April the 19th with restrictions for investors from the United States and China. Eligible investors can however invest with ETH, BTC or wire transfers with a hard cap set at $46,340,000 USD.
The price of each JOY token is 0.14 USD
The highest bonus on offer is 50% which is offered during the presale, however i do not really like this as I believe it's very high but with only 20% of the total tokens sold during the presale i do not see it having much of an effect on the token price once it gets listed on exchanges.
Conclusion
After analyzing this project based on its known aspects, i believe Joy Token represents a very good opportunity to invest and although I do not agree with the amount of bonus being offered during the token sale, i believe the other aspects of the project will complement this.
Nevertheless I am not a registered Business advisor and I am not writing this piece to serve as a form of investment advice, so I recommend that you endeavor to do your own research and also consult both your financial and business advisors before investing in ICOs as cryptocurrency investments all carry a level of risks.
Please do due diligence by joining the project's Telegram community https://t.me/joytoken , visiting the official website https://joytoken.io/ and reading the whitepaper here https://joytoken.io/white-paper.pdf
Connect with me on Bitcointalk here: https://bitcointalk.org/index.php?action=profile;u=1556229
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