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Game development for the online gambling industry is fraught with challenges and rigid requirements. These challenges have severely limited their access to the $35.97 billion online gambling market, robbing the industry of potentially exciting and revolutionary game mechanisms and leaving control in the hands of an elite few. However, the inability of these traditional operators to offer a transparent and auditable system for players has continued to limit their ability to attract new audiences especially among millennials who value privacy, anonymity, and transparency for online experiences.
Joy Gaming is here to address all these through its groundbreaking JoyToken.
Gaming With Joy
Joy Gaming is a blockchain-based platform that enables developers to create and run games through smart contracts. This innovative approach to game distribution and engagement is poised to usher in an unprecedented level of transparency and accountability for the industry by allowing players verify the authenticity of every game on the network. It will also enable developer increase liquidity pool by providing tools for direct integration with liquidity providers like casinos. Designed and developed on Ethereum blockchain, Joy Gaming leverages smart contracts to record and protect every engagement on the network. This will enable users to have complete control over their wallet and allow them to audit the outcomes and rewards on the network in real-time.
Infrastructure Protocol for the Gaming Industry
Joy Gaming enterprising solution is made up of three key components; Blockchain Layer, Game Applications, and the Random Number Generator (RNG).
The blockchain layer comprises of three core functions; token management, game outcome management, and audit of RNG. Unlike the heavily mediated system found in the traditional online casino, Joy Gaming gives users total control over their funds through a decentralized wallet that directly connects their bets to the network’s smart contract. The smart contract manages and verifies play outcome automatically and allocate funds to winning play with no third-party interferences. Outcomes are based on decentralized and provably fair algorithms linked to the blockchain.
A Frictionless Token
Joy Gaming ecosystem is powered by JoyTokens issued through Ethereum blockchain protocol. These tokens facilitate a frictionless reward system for both players and developers. Casinos can guarantee real-time affiliate payments to all developers and receive payments from players, while independent developers will be able to receive commissions. JoyToken’s Token Generation Event (TGE) will launch in February 2018 and will be made available for global usage in countries where it is compliant with local gaming laws