JoyGaming has committed itself to delivering a new Gaming experience to the world. Our vision is to enable many independent software developers to readily bring their casino games and content to market in a safe and secure way that is beneficial for the Developer, the Player and the Operator. Using blockchain technology, we have devised a way to improve satisfaction by making all transactions instant and transparent, with the consumer at the heart of it all and with massive cost savings available to the operator.
JoyGaming has launched its first cryptocurrency designed to work with blockchain based casino games. The online Gambling market is worth $51Bn per annum and operators cover transaction fees that can cost up to 5% of their revenues. This allows for 2 benefits:
1. Increased operator profitability
2. Instant transfer of funds
With this market being highly competitive, moving to cryptocurrnecy can help established casinos maximise their profitability and can help fledgling casinos to take off and establish themselves more easily in the market.
We offer a better gaming experience for all. Using blockchain enables us to have a simple and transparent system that removes the need for trust in the casino. Using the ERC20 standard, all content provided by JoyGaming will give players the ability to audit all information related to their transactions.
Due to the unique way that JoyGaming has been built, we do not intend to serve only our own content and will enable a new generation of games developers to create new and innovative content. It is our aim to establish ourselves as an alternative to the major mainstream games vendors and plug our games into a large array of top tier operators. JoyGaming is unique in the way that it already has agreements and relationships in place with iGaming Software Solutions used by a vast array of operators, allowing us to reach a large player base very quickly. This solution is beneficial to the developer in the way that it saves around $100k in Licencing, verification and publication costs and should only take 3 months to get their game to market, compared with around 12 that it would take for them to publish themselves.
Size of the online gambling market in $ USD billions. Source: statisa.com
Joy also works closely with PlayCosmo, a sister casino company which is set to be running wagers of £15,000,000 in wagers per month. It is our ambition to have JoyGaming games at the front and centre of this.
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For developers, the current system is costly and time consuming. A developer needs to get their game up to the regulatory and compliance codes, obtain licences for distribution and to then take their game to the market and secure B2B deals. JoyGaming takes the pain out of this and greatly reduces costs.
It makes life easy for them to make money – they want Joy!
For Operators it’s plug and play! We’ll integrate our content from our Games Servers and get our games on their site quickly and efficiently. JoyGaming makes life simple for operators:
It makes life easy for them to make money – they want Joy!
For Players, there’s a new trustless environment. They can check the status of the game play for any given spin at any time. They are secure in the knowledge that the system is robust. What’s more payments are instant – there’s no waiting for a processor to transfer their cash from the casino operator’s accounts to their own. Add this to an ever increasing numberof new games and content and it shows how JoyGaming has the player at heart:
It makes life easy for them to win money and have fun – they want Joy!
Players, Operators and Developers want the same thing: openness, fairness and greater opportunity:
By building games, not for our own casino, but for multiple casinos we should be able to rapidly build revenues and see a lot of momentum for the cryptocurrency. For instance, a popular game on any given casino can see wagers of thousands per day.
Game X Daily wagers £10,000
Game X Daily Theoretical Hold £500
Game X Generates £182,500 over a year.
We aim to achieve a goal of 50 registered casinos after a year, with 100 games available. If we can have all 100 games achieve the performance of the game in our example, then we’d see over £9M in revenue generated by the games. Our Goal is to reach 10 times this level, with Joy Gaming taking 5% of these revenues. Within two years, our ambition is to see games across 100 licensed casinos.
Whether a player plays in tokens or Fiat, our JoyTokens will be in demand!
$500,000 Seed Funding
October 2017 – Onboard advisors from industry and blockchain
November 2017 – JoyGaming Foundation Established
November 2017 – Speaking at Blockchain Expo
December 2017 – Demo Slot Machine using Smart Contracts
December 2017 – Application for Gambling Developer License
December 2017 – Launch of JoyGaming Platform for Developers
March 2018 – Outreach to Gambling Operator’s Distribution Networks
June 2018 – First Big Event “2018 World Soccer Guessing Game Campaign” and more promotional activities
July 2018 – Different math models for all kinds of casino games, integration with crypto wallet on Playcosmo, processing more commercial partnerships with casinos
August 2018 – Internal Games Launched on PlayCosmo
September 2018 – Onboarding of First Developers and content integration with GS
first Games Server Online
October 2018 – All initial content on PlayCosmo
October 2018 – Roll out of Joy Content to other operators
Multiple Games Servers up and running, Stable coin in Test Mode
December 2018 – Expand into fixed odds games and stable coin live to improve game experiences
February 2019 – Enter into sports wagering given the relaxed US regulations for sports book on the federal level
June 2019 – Start Integration of Joy Gaming Coins with Offline Casinos