The online gambling market is challenging for smaller games developers.
Developing a hit game can take a long period of time. And when that game is developed there is no certainty that it will be approved by regulators. Even worse, the revenues that developers earn is often small once the big gambling websites take their cur.
For players this means that fun and innovative games may never be made available. It also acts as a throttle on the growth of the online gaming industry.
And development is not the only issue the online gaming industry faces. Players have no way of knowing whether the games that they are playing are fair. They have to trust that they are not being defrauded. Unfortunately there have been many examples which show that this is wishful thinking.
But as they say “in problem, opportunities can be found”.
That’s the thinking of the innovative online gambling startup JoyToken.
JoyToken has looked at each of these problems and created an innovative solution.
If applied successfully it could create a more lucrative environment for developers and a more fair one for players.
Here’s how it works
JoyToken provides a framework which developers can use to create games. This framework uses smart contracts and blockchain technology.
Every event that occurs within the game is transacted using the smart contracts and recorded on the blockchain. This means that players are able to verify that the outcome from the game that they have played is fair.
Developers can leverage the network to make it easier for their games to be approved. Any game that is developed using JoyToken will be legal in the areas that JoyToken operates.
JOY Token Sale
JoyToken is also provided its own payment system using JOY tokens. This will again make it easier for small developers to monetise their games.
JOY tokens are being offered to the public in a token sale which will last from 20th of March to 19 of April 2018. You can find more information about the JOY token sale here:
JoyToken Website: https://joytoken.io/
JoyToken Whitepaper: https://joytoken.io/white-paper.html
JoyToken Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1343129
JoyToken Twitter: https://twitter.com/JoyToken
JoyToken Facebook: https://www.facebook.com/JoyToken.io/