ETHERJACK

ETHERJACK - The Perfect Application Of The Ethereum Smart 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 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 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 codes attached ensure that the sport is clear and honest for all or any of the participants.

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;

The unique ICO Jackpot collection: the token price grows according to the contract rules, and its value is always at least nominal, as it can replace the offer of that amount.Once 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 payments are assured.

JACK token ICO

As many as a million Geckos JACK was created. 2.5% of the amount used for prize gifts. the remaining ninety-seven, 2% marketed throughout the ICO. The ICO goes on until the jackpot (Jackpot contract balance) has a minimum of 333 ET.Once the tip is reached, a pair of day timers begins. Once the timer runs out, ICO ends, and also the game starts. During ICO, investor transfers Ether to Jackpot Contract ( 0xe64d5f33E28387855d33980719f27f0d579392aF) and receive JACK on a reciprocal basis. JACK is the currency used in sports, so this is its intrinsic value in accordance with the rules of the sport, and the value is increasing according to the code in the contract. The sales value of JACK changes across the 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 Eter 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:

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