EtherJack_ICO & GAME_Based Contract

EtherJack.io is the first smart-based jackpot-based game. The core game process is safe and secure, running completely on-chain, operated by contract with disclosed source code, with only optional extensions based off-chain.

At EtherJack, the entire game process is controlled by participants, in that it is a mass multiplayer community game. The rules are simple: bid to fill the jackpot, the last bidding wins and gets a big prize. The developers (or others) can not influence the game process, can not manipulate or customize it, or change the rules quickly. The contract code still ensures the game is transparent and fair for all participants.

The rule is simple : there's a big jackpot, and people bid to claim it, within the allowed time after the last offer. If no bids are coming, the last one claimed to get them. If the bid keeps coming, the jackpot grows further.

The game process is illustrated by an unchanging Ethereum smart contract, and is only controlled by players. Source code for smart contracts issued, which ensures transparency and process equity. The developers do not leave backdoors or ways to change the contract after it runs. If nobody is bidding within the time limit, the contract will send all the Jackpot amounts to the winner, and no one can stop it.

Here is the game:

There is a jackpot and there is a running countdown timer, if someone is bidding on the person who now claims the jackpot, the offer will be added to the jackpot and the reset timer. If nobody claims the jackpot when the timer runs out, go to the last person to bid. The rules are simple

All of the things described above are actually implemented in smart contracts with published source code so developers (or others) can not influence the game process, can not manipulate or adapt it, or change the rules quickly. The contract code still ensures the game is transparent and fair to all participants.

JACK token ICO

A total of 1 million Token JACKs were created. 2.5% of the amount

it will be used for prize gifts. The remaining 97.2% is available for sale during ICO.

ICO keeps going until the jackpot (Jackpot contract balance) reaches at least 333 ET.

When the threshold is reached, 2-day timer begins. When the timer runs out,

ICO is over, and the game starts. During ICO, investor transfers Ether to Jackpot Contract (0xe64d5f33E28387855d33980719f27d07992aF) and receives JACK in return.

JACK is the token currency used in the game, so its intrinsic value

only in accordance with the rules of the game, and the price increases according to the code in the contract.

Changes in JACK selling price during ICO, so it is more profitable to buy first from the last. 20% of each sale during ICO, used for marketing budget. The rest (80%) is used to fill the jackpot. The more Ether accumulates in the jackpot by starting the game, the more interesting the game for the players. Player activity generates profits for JACK holders and keeps JACK prices growing faster.

The JACK token has an intrinsic value because it has two main functions:

1. It can be used for non-Ether offerings (therefore the value is not inferior to the offer price at any time.

2. Holders may earn (dividend) of all bids made and new JACK tokens are sold through the Jackpot contract.

The value of JACK is supported by the presence of the jackpot prize, as the jackpot is the driving factor behind the player who put up the offer. Whenever there is an offer, the number of jackpots grows in size, the dividends are paid, and the JACK inventory remains the same. This encourages the growth of JACK value.

There is a fixed initial inventory of 1 million JACK. The total supply will never exceed the initial inventory and can only go down because the JACK tokens are burned when used for bidding. No new JACK will be printed.

FURTHER INFORMATION :

Game Website | Whitepaper | Twitter | Telegram

Author : motta1008