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## The Lack of Transparency
Although the gambling industry attracts a large number of players, the lack of transparency has remained a prevailing concern, making wagers’ money susceptible to fraud. In the absence of transparent alternatives, players have to resort to trusting casinos with brand-values despite a host of websites offering interesting and wider varieties in gambling games.
Unfortunately, the problem stretches to game makers and even the casinos themselves. New game developers and small software development platforms create interesting games but find it difficult get buyers and grow. Developers exercise an infinitesimal percentage of ownership over their products after selling and payments are made to them periodically rather than instantly, without an objective way of determining the popularity of their games and thereby their fair shares.
The lack of transparency vehemently mitigates new platforms from establishing their market as users are unwilling to trust their mode of operations. Existing casinos have to spend excessively large amounts on maintaining their brand value and popularity to preserve and grow clients.
## Joy Gaming – A Joyful Solution
The murky state of the gambling industry affects all links in the chain. The need for a transparent mode of operation has been long due and answered by Joy Gaming – a decentralized gaming platform that optimizes the block chain technology to induce transparency and create a dependable platform for its users.
## How It Will Work
Joy Gaming will dispel the problem of vagueness by utilizing smart contracts on the Ethereum platform. Outcomes of bets and subsequent allocation of funds to the winning and losing parties will be decided by smart contracts as per the rules recorded on them. Money will be stored in the form of Joy Tokens in wallets on the decentralized platform, so users will be immune to fraud as they alone will have complete autonomy over it. The codes recorded on the smart contract will be accessible at all times to every user to examine. Decision making and funds allocation will be carried out on the platform in real time right before the involved parties to witness.
## Innovative Features
Joy Gaming will employ an innovative technique for Random Number Generation (RNG) that plays a critical role in unbiased gambling. The algorithm used for RNG will create pseudo random sequences when inputs of random data from the outside world are fed to it. These inputs can be anything from player movement on the platform to cryptocurrency exchange data. The unexpected, erratic behavior of these data will make RNG truly arbitrary and eliminate fraud.
Gaming platforms and casinos will be able to affiliate and developers will receive their fair share, for every time a developer's game is played it will be recorded on the blockchain. As funds allocation will be inherent to smart contracts, the developers' and casinos' shares of tokens will be instantly transferred to their wallets. The Joy Tokens used on the platform will be ERC-20 compliant.
To address the issue of scalability and lower transaction time and cost, the technical team is experimenting with various platforms like IOTA that aspires to provide infinite scalability and zero transaction cost. For data storage, services of platforms like Sia, Storj and IPFS will be leveraged.
## The Ongoing Token Sale
Joy Gaming will effectively resolve the issues in the gambling industry by reinforcing transparency at all levels. To launch its idea into the market, the presale phase of the ICO has begun and will be ongoing till the 19
# The Ongoing Token Sale
of March for the duration of one month. A total of 700 million tokens have been minted with fifty percent up for sale in the ICO and twenty three percent to be used on the platform, thereby allocating a major percentage to the users.
## The Backbone of Joy Gaming
The team behind Joy Gaming is perhaps one of the strongest and most experienced. The CEO Andrew MacDonald has an experience of twenty years in retail and online gaming, while the CMO Mike Leys has spent thirty years in the marketing sector out of his still longer professional experience. Mike has been part of the iGaming sector and has successfully launched a number of online gaming websites. All members in the core team hold close to a decade long experience in their fields and form a robust backbone for the platform.
## A profitable Investment
Joy Gaming received a seed funding of 500,000 in June 2017 and has advanced at a rapid pace since then. The idea behind the platform is pristine and untouched by any in the market and will garner it users rapidly. The great market offered by the gambling industry and optimal use of the blockchain technology to implement transparency will kick start the Joy Gaming venture. It can prove a profitable investment for those who decide to tag along early.
**Website – https://joytoken.io/**
**Whitepaper – https://joytoken.io/white-paper.pdf**
**Bitcointalk - https://bitcointalk.org/index.php?topic=2625250.0**
**Telegram - https://t.me/joytoken**
Published by - dannywhelan
Profile - https://bitcointalk.org/index.php?action=profile;u=1606458
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