EtherJack – Offers a Game, fast Transaction Process is Not important

Hello friends…!!! Previously I thank you for going to visit my Steemit site. Here I will discuss a blockchain project called EtherJack, this blockchain 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. Of course the platform has its own satisfaction. Because for this project has been made, nah without length I will explain what is EtherJack.

EtherJack offers a game, fast transaction process is not important, and it is latency tolerant. sport is meant in such a way that the presence of latency will not damage the sport or make it less interactive or participate. Thus, EtherJack enjoys all the advantages of an on-chain co-worker (100% honest and clear, clearly outlined and set in stone rules) and does not suffer losses associated with slow process speed.
The rule is simple: there is a big jackpot, and someone else puts in a bid to state it, at intervals allowing time when the last offer. If no offers arrive, the last one confirms it gets it. If the bid keeps coming back, the jackpot adds up.
The game method is described by an unattached Etherum association, and is fully controlled by the player. ASCII text files for good contracts are printed, which ensures the transparency and fairness of this method. The developers do not leave backdoors or ways to change the contract after it runs. If nobody places a bid at the time-out interval, the contract can send all the Jackpot counts to the winner, and zip will stop it.

This is the game: There is a jackpot and there is a running timer, if someone is bidding the person currently claiming the jackpot, the extra bid for the jackpot and also the timer is reset. If nobody claims the jackpot when the timer runs out, it will continue to the last one that placed the bid.

Everything represented above is actually enforced in reasonable contracts with ASCII printed text files so that developers (or others) can not have an effect on sports methods, can not manipulate or alter them, or modify foundations when flying. The contract codes attached ensure that the sport is clear and honest for all or any of the participants.

Benefits of holding JACK tokens

SO why purchase Jack tokens now? Why not wait till the game starts?

Well, u can purchase Jack tokens for 0.004 to 0.006 eth per token now. But when the game starts, each bid will require at least 0.01 eth. Since Jack tokens can always be used in place of eth for bidding (i.e., regardless of the eth amount needed at time t for bidding, 1 Jack token will have the same equivalent function), it will inherently have the same value as the required eth bid at that point in time.

This value GOES UP with time, just as the value of eth required to make bids does! And the platform actually allows u to sell ur Jacks to other players purchasing it for future bidding. In fact, if you place your Jacks for sale on the platform, it will always be sold first. Only when no players have their Jacks put up for sale will the platform conduct sales from the reserve store of Jack tokens on the platform.

FURTHER, if Jack tokens are stored in the Vault, u get a cut of dividends from the gameplay. Dividends are formed from 25% of ether bids made during the game, and 50% of every Jack value sold from the reserves. These dividends are then divided between people who store their Jacks in the Vault and the developers in a 7-3 ratio.

Minor prizes are distributed from small shares of the eth bids along the way, for every 20th or 50th or 100th bid. To sustain interest in gameplay.

For more details on the token mechanics and gameplay, u can refer to the whitepaper below. But just to reiterate, IF THE GAME DOES TAKE OFF, the returns from being able to sell the Jacks to bidders alone is humongous, especially in the later stage of the game where each bid takes more and more eth. In addition, u get dividends in the meantime, every single time someone makes a bid using eth or buys more Jack during the gameplay, if ur Jacks are deposited onto the Vault.

In short potential returns are crazy, but of course u cld end up spending all ur Jacks in bids and get nothing. Caveats: all ICOs come with risks. The project is designed for a SINGLE game. No such thing as learning and doing better next time. How things will turn out will depend a lot on human behaviour (which we all know is irrational), and its interaction with this particular game design. Never put ur life savings in it. Maybe two weeks worth of your coffee or lunch money perhaps. Go for fun. Fun greed. Not insane, I can’t sleep-levels of greed, pls.

Resources:

Whitepaper: https://etherjack.io/EtherJack.io.pdf

Site: https://etherjack.io/

bitcointalk ANN: https://bitcointalk.org/index.php?topic=2810704

twitter: https://twitter.com/etherjack_io

My profile Bitcointalk:https://bitcointalk.org/index.php?action=profile;u=1061461

 

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Danica22

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