The existing gaming marketplace
The existing Gaming ecosystem is largely reputation driven - a reputation built up by increased advertising. To acquire and retain players, casinos are forced to spend large amounts in order to build trust and reputation through brand awareness. In addition, large casinos control game development. Players are forced to trust these casinos because a lack of transparency means that players can’t track their wagers and thus can’t assess the legitimacy of each bet.
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.
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. Further, game developers and software houses can connect and integrate with liquidity providers, such as casinos, to provide access directly to their games. Both the casinos and the developers bene t from the additional revenue and increased game innovation. The lack of reputation of any specific site can be offset by the fact that rules and underlying infrastructure of the games are recorded on the blockchain (in addition to the approval system before games are allowed to go live on the Joy Gaming network).
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The Joy Gaming Stack
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.
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. 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 Token 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. JoyToken delivers this in four easy steps:
- 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.
All this is done using JoyToken, a new and unique Cryptocurrency that will enable developers to pay and be paid for their games, while also enabling end users (players) to play Joy Gaming games on PlayCosmo and ultimately many other sites. And naturally JoyToken will benefit from Blockchain technology and thus transparency. This last point is the most exciting as this has not been done before and will open up a new market of potential players, who want Trust, Anonymity and total Transparency; all of which is delivered through Blockchain Technology.
Token Distribution
Road Map
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