JoyToken, a platform and protocol that forms the foundation for a trustless gambling ecosystem wherein smart contracts are used to automatically determine game outcomes, has released a demo slot game to show developers how they can use its Ethereum-backed protocol to build games that incorporate smart contracts to execute game outcomes.
By incorporating the JoyToken protocol into their games, developers can earn rewards via cryptocurrency whenever their game is played, as opposed to being rewarded once when their game is purchased by a casino operator. Additionally, JoyToken will be offering global distribution opportunities normally only achievable through corporate game development studios to developers.
JoyToken takes care of all licensing and compliance requirements within each region, so developers can focus entirely on creating new games. JoyToken’s ultimate goal is to further the growth of the gambling industry by creating entrepreneurial opportunities for game developers who otherwise may not have access to a large audience. By joining JoyToken’s platform, game developers can gain distribution and earn rewards from their games.
Andrew MacDonald, JoyToken CEO, said: “Our goal is to support developers in doing what they do best, that is, create new games. We abide by all local market gambling regulations, so developers can be assured that games released on our platform have legal access to all jurisdictions.”
The online gambling industry has suffered from a questionable reputation and negative associations which have been the result of a lack of transparency and a few scams. The truth is, the majority of online casinos operate in a just and fair manner, and with JoyToken’s smart contract-based protocol, they can prove it. Anyone, including players, developers, and casino operators, can view the public ledger of transactions. All information is encrypted and anonymized so as to protect individuals’ privacy.