EtherJack is a game where the last to bid within a time limit gets the whole Grand Prize, Right now the game is in the ICO stage. After we collect 333 ETH, the game starts, and investors can start selling the tokens to players (benefit from x2 to x100) and / or get a cut from players' bids. There will be a small amount of small bids.
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 EtherJack.io game is unique:
• This multiplayer;
• This is a one-off opportunity;
• If it can be called a lottery, it is completely transparent;
• Players can post messages on the board;
• Players can play or invest. If a player buys tokens, they can resell them to those who buy them later.
• gifts x2, x5, and x10 during the supply phase;
• Unique ICO Jackpot Collection: token price grows according to contract rules, and its value is always at least nominal price, because it can replace the offer of that amount.
ICO Mechanics
At contract deployment, 1 million JACK Tokens were created. 2.5% of the amount was transferred to House (the developers) for bounty rewards. The rest is available for sale during ICO.
The ICO lasts until the jackpot (Jackpot contract's balance) has at least 333 ETH. When the threshold is reached, a 48-hour timer starts. When the timer runs out,
ICO ends, and the game starts.
During ICO, investors transfer Ether to the Jackpot Contract
(0xe64d5f33E28387855d33980719f27f0d579392aF) and receive JACK in return.
JACK is the token currency actually used in the game, so it has its intrinsic value just according to the game rules, and a growing price as coded in the contract.
The sale price of JACK changes during ICO, so it's more profitable to buy first,
rather than last. The price depends on the amount of JACK sold, as indicated in
the table below.
When buying 200 JACK or more with one transaction, a volume bonus is applied.
The bonus discount rules are indicated in the table below. You can find a calculator tool at the website (https://etherjack.io) at the bottom of the page.
JACK TOKEN
The JACK token ICO
A total of 1 million JACK Tokens were created. 2.5% of the amount will be used for bounty rewards. The rest 97.2% is available for sale during the ICO. The ICO lasts until the jackpot (Jackpot contract's balance) has at least 333 ETH.
When the threshold is reached, a 2 day timer starts. When the timer runs out, ICO ends, and the game starts.During ICO, investor transfer Ether to the Jackpot Contract (0xe64d5f33E28387855d33980719f27f0d579392aF) and receive JACK in return.
JACK is the token currency used in the game, so it has its intrinsic value just according to the game rules, and a growing price as coded in the contract.
The sale price of JACK changes during ICO, so it's more profitable to buy first rather than last. 20% of each sale during ICO, is used for marketing budget.The rest (80%) goes to fill the jackpot. The more Ether is accumulated in the jackpot by the game start, the more attractive the game will be for the players. Player activity generates profit for JACK holders and makes the price of JACK grow faster.
The JACK token has an intrinsic value as it has two main functions:
• It can be used for bidding instead of Ether (therefore its value is no less than the bid price at any time);
• Its holder can get (dividends) of all bids made and new JACK tokens
sold through the Jackpot contract.
The value of JACK is backed by the presence of the jackpot prize, since the jackpot is the motivating factor behind players placing bids. Every time a bid is made, jackpot grows in size, dividends are paid out, and JACK supply stays the same. This drives the growth of the value of JACK.
There is a fixed initial supply of 1 million JACK. The JACK tokens being burned when used for bidding.No new JACK will ever be minted.
For more info:
Game website: https://etherjack.io
Twitter: https://twitter.com/etherjack_io
Telegram: https://t.me/EtherJack
Bitcointalk announcement: https://bitcointalk.org/index.php? topic = 2810343
Whitepaper: https://etherjack.io/EtherJack.io.pdf
AUTHOR: ALEX789
ETH: 0x5f5f506A001A179b8eE67214a7754Bfe04ffadE0
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