The $51 Billion Online Gambling Market is Growing Almost 10% per Year
Size of the online gambling market in $ USD billions.
Gamers often wonder if the casino cheated them out of their winnings and therefore don’t play as much. They are also reluctant to try exciting new games, if they are not backed by a well known brand.
Even if an independent game developer creates a fun new game, it is costly to acquire players and offer liquidity, and near-impossible to get a gambling license—the compliance burden is too high for the little guy. Further, the use of third-party payment solutions reduce profits.
Due to the high barriers to entry, a few large and boring companies control the online gambling market. They have little incentive to innovate or launch exciting games that could attract new casual gamers (especially among millennials).
In traditional online gambling, the process behind the result of a game is a ‘black-box’.
A gamer has to blindly trust that game-play was ‘fair’ i.e. the casino did not cheat.
On JoyToken’s platform, a game’s rules are encoded in a transparent ‘smart contract’ that runs automatically and allocates winnings.
At any time, the player can verify that the result is true and game-play was fair.
Smart contracts have two important properties that insure this:
In addition to the fair-play guaranteed by smart contracts, gamers-not the casino-control their funds using smart wallets.
Only when a game ends, does the smart contract access the player’s wallet, crediting or withdrawing tokens depending on who won.
JoyToken is a marketplace similar to Apple’s App store. Developers who create innovative games can get users more easily and earn money in “real-time” as the games are played.
Independent game developers no longer have to worry about gambling licenses or regulatory compliance. Once we approve a new game, it becomes legal to play in all countries where JoyToken operates.
Established casinos on the platform offer gamers liquidity (tokens) to play the new exciting games launched by independent developers.
The casinos, in turn, benefit by getting new games. Developers can therefore focus on what they do best—innovate, unleash creativity and offer new, thrilling games!
The platform is live and users can play our games. Less than 1 in 10 token sales launch with a working product.
We operate an existing online casino (PlayCosmo) with over 20,000 users and 3 independent game developers. We have therefore solved one of the hardest challenges in building a marketplace—the classic “chicken-egg” problem.
There are only 3 recession-proof markets: alcohol, tobacco and gambling. Alcohol and tobacco are in decline while online gambling is growing fast. In this type of market, the rising tide lifts all boats. You can make a lot of mistakes and still do well.
By solving trust we expect to attract many more casual gamers, especially millennials. And when game developers are freed from the burden of acquiring users, offering liquidity and obtaining gambling licenses, they can innovate.
Andrew MacDonald (CEO) and the rest of the team collectively have over 50 years of experience in gambling. In finance this is known as “category advantage” and highly correlates with success in new ventures.
20 years of experience in Retail and Online gaming working for major blue-chip companies. Successfully applying marketing retention techniques focussing on the individual player as well as ensuring quality game offerings to promote business growth. A keen troubleshooter with a strong data focus.
Over 34 years of professional experience, including 30 years in marketing sector. Senior Manager and senior marketing specialist with knowledge and proofed involvement in all areas of on and offline marketing and ecommerce across the world. His sector experience includes iGaming, entertainment, mobile, retail, financial services. Since 2005 in the iGaming sector - successfully launching a number of online gaming sites with a focus on attracting quality players.
Full 10 years of Software Development experience, 7 years of Business Intelligence, Banking and Finances. High skilled product developer for, a.o., Sony, Uber & PKR Technologies. Professional juggler of multiple requests from various departments. Visioner on the intricacies of the company’s performance. Recently fascinated with Gaming and Securities.
Recently graduated from a Red Brick British University (Laicester) with a strong Law qualification. CRM Consultant and Compliance Specialist. Passionate about online gaming and a first-class mind. Have a fresh perspective for the ever-changing gaming environment.
Over 7 years of marketing experience in the online gaming industry, with a focus on new player acquisition and a proven track record of developing new business. Heavily involved in the day to day management, Marketing, CRM, Brand, Social Media, Events Management and Sponsorship and the VIP Programme.
13 years of experience in IT sector. 11 years in gambling projects. Likes to build projects from scratch. Currently working on 3rd casino system. Game designer, mathematician, system architect and developer.
Forbes 30 Under 30. COO of the Opus Foundations - music streaming platform based on Ethereum and IPFS. Advisor to many blockchain based projects running his own Ethereum focused software development company.
More than 30 years’ experience with blue chip and multinational organisations including American Express, Fujitsu Siemens Computers, QXLricardo.com, Macromedia and Unibet. 8 years’ experience of online gaming, joining Mr Green as CFO during the early start-up phase. With a focus on the big picture, he is passionate about driving strategic and business development through financial information and data intelligence.
Justin is the Chief Operating Officer of investFeed - the leading cryptocurrency social network – powered by over 105,000+ crypto specific investors and enthusiasts since transitioning into Beta in January 2018. Justin has been a part of several successful ICOs, including investFeed’s, and has a passion for progressive decentralization and blockchain innovation.
Supported wallets for the Token Sale include MyEtherWallet, Mist-Ethereum Wallet, Metamask, Parity, imToken, Ledger, Trezor, and others.
You cannot use an exchange such as Bitstamp and Bittrex which manages your keys.
When is the JoyToken Sale? The Token sale is currently scheduled for:
The Token Sale will run over a 31-day period starting from the 20th of March 2018 until 21st of April 2018. The rounds will continue until the cap of 46,3 mln USD is hit or the final round expires. During the Token Sale JOY can be purchased in exchange for ETH, BTC or Wire Transfer, with minimum 100 USD contribution (or equivalent of 100 USD in BTC or ETH). During the Pre-Sale, the minimum contribution is 30,000 USD.
We will never post the token address to anywhere other than the official Token Sale website. Never send ETH, BTC or wire transfers to any address you haven’t first verified the owner of.
Any attempt to send ETH from an unregistered address, or directly from an exchange during the Token Sale will result in not being able to purchase JOY and your ETH may be permanently lost.