Joytoken and Its Role to Address Some Common Gambling Challenges

bitcoinfilter (54)in #blockchain • 7 years ago

Joytoken may be a platform that is working and focusing on the online betting (and also gambling) industry. But there are many factors that would differentiate this platform from another website. Trust, for a starter, will be improved. Some of the biggest problems and challenges in the online betting system will be addressed and taken care of by this platform.

The Biggest Problems in Online Betting Industry

As it was mentioned before, the online gambling sector has its own problems and issues – and they are pretty classic problems. It means that these are the most common issues that often recur from time to time.

Trust

In the traditional gambling system, this is one of the biggest problems. Gamblers don’t really know whether they are taking part in an honest game. Is it true that they are also the participant? Is the game completely fair? Aren’t they being cheated by the casino? Do they get the right portion of their winning? Is the game safe – in terms that it isn’t being tampered with?

High fee

The problem isn’t only happening to the gamblers (users), but also for the gaming developers. Even in this gambling sector, the gaming world is a cutthroat industry. The developers may not only have to deal with the high cost when developing a game, but they also have to face the high fee for joining the platform. That’s why they often need third-party involvement, and this third party is costly. In most cases, only big developers who are able to join the competition. The small ones are often left behind because they don’t have the finance.

Monopoly

Because of the conditions explained before, it is getting common for some casinos only working with the big developers. It allows the casinos to set up a monopoly, control, and domination in the industry.

Boring games and lack of innovation

Dealing with boring games is also possible because casinos and developers know that gamblers won’t have any options.

Joytoken will address these issues by providing solutions to the problems. To improve trust, they adopt blockchain technology and smart contract. To address high fee, they embrace potential developers, no matter how big or small.

They even provide chances for new startups, allowing them to show abilities and reward them for their contribution. And since they are embracing different kinds of developers, they can eliminate monopoly, which will improve the quality of the game and provide variations to the platform.

About Joy Tokens

For this Joytoken platform, you will use JOY token, which will be sold in two different stages. The pre-ICO sale has ended, so you can buy the tokens during the public sale. It takes place from 20th of March to 21st of April 2018. During main sale event, the price will be sold for 1 JOY is equal $0.20.

From around 350 million of tokens, only 140 million is dedicated for the pre-ICO sale – the remaining will be sold in stages during public sale. The longer you wait, the higher the price will be and the fewer bonuses you will get. Anyone interested in the Joytoken platform can always finalize the purchase.