ETHERJACK - Perfect Application from Smart Ethereal Contract
Hello everyone, I will introduce about EtherJack Project and for that here is the Explanation:
Currently, there are a number of games and platforms working within the block, supported by smart contracts. However, due to certain technical limitations, most of these games are effectively incompatible with the architecture. As a result, on-chain gambling continues to be discussed but obsolete lined games are vulnerable to all the same dirty tricks being played. This problem can be solved when blockchain becomes faster and transactions are confirmed in seconds.
EtherJack offers games, fast transaction processing 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 benefits of an on-chain chain worker (100% honest and clear, clearly defined and regulated in stone rules) and does not incur any losses associated with slow process speed.
The rules are simple: there is a big jackpot, and there are others who make a bid to state it, with an interval that allows the time of the last offer. If no bid arrives, the last one confirms it gets it. If the bid continues, the jackpot increases.
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 transparency and fairness of this method. The developers do not leave backdoors or ways to change the contract after it runs. If no one is bidding on time-out intervals, the contract can send all the Jackpot amounts to the winner, and zip will stop it.
Here's the game: There's a jackpot and there's a timer running, if someone is bidding on the person who currently claims the jackpot, the extra bid for the jackpot and timer will be reset. If nobody claims the jackpot when the timer runs out, it will continue to the last one that placed the bid.
All those represented above actually apply in reasonable contracts with ASCII printed text files so developers (or others) can not have an effect on sports methods, can not manipulate or alter them, or modify the foundations when flying. The contract code installed ensures that Sports is clear and honest for all or one of the participants.
The unique EtherJack.io game:
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 a token, they can resell it to those who buy it later.
gifts x2, x5, and x10 during the supply phase;
The unique ICO Jackpot collection: the token price grows according to the contract rules, and the value is always at least nominal, as it can replace the offer of that amount. As soon as the game starts, the player must bid constantly because otherwise the other wins. This is the perfect app of the Ethereum smart contract: the system ensures the game is fair and the payment is guaranteed.
JACK token ICO.
As many as a million JAK CEK were created. 2.5% of the amount used for prize gifts. the remaining ninety-seven, 2% is marketed throughout ICO. ICO continues until jackpot (contract balance Jackpot) minimum 333 ET. After the tip is reached, a pair of day timers begins. Once the timer runs out, ICO ends, and also the game starts. During ICO, the investor transfers the Ether to Jackpot Contract (0xe64d5f33E28387855d33980719f0d579392aF) and receives JACK on a reciprocal basis. JACK is the currency used in sports, so this is its intrinsic value in accordance with sports rules, and its value increases according to the code in the contract. JACK's sales value changed at ICO, making it more profitable to shop 1 than the last. Two hundred of each sale across the ICO, used for sales budgets. The rest (80%) is used to fill the jackpot. The extra eater that accumulates in the jackpot by the sport begins, the additional involving sport is for the players. The player's activities generate profits for the JACK holder and make the JACK value grow faster.
Up here Explanation from me and for more information please visit some links below:
My Bitcointalk : daniel10
My ETH: 0xeFF84A77fB0bBbc5557F44b8DE4908D5Ca123AA4
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