EtherJack

INTRODUCING

EtherJack is a Platform that focuses on smart-contract based Jackpot Games, which will provide Users, a safe and convenient game, and fully run on on-chain and off-chain technologies. The entire process running on EtherJack will be controlled by Users with a rule whereby the first User a bid fills the jackpot, and the latter offers a win and gets a big prize. The entire process running on EtherJack does not require a third party, so this enables a possible cheating and data manipulation. EtherJack will be fully transparent and secure for Users.

Getting Started Development

The EtherJack team develops this Platform using the Blockchain system and smart-contract system that will secure all transactions made by Users and does not allow backdoors for developers, so games Users play will not be manipulated or cheated. The team from EtherJack developed this Platform using a system where latency attendance does not destroy the game nor make it less interactive or interesting, so EtherJack will provide Users with a game that is completely transparent and fair, with clear and targeted rules.

EtherJack provides a countdown timer If someone submits a bid it will be directly listed on the list and if no more claim the jackpot when the timer runs out, the entitled to receive the benefit is the last bidder or the last person to send the Ethereum to the designated wallet. EtherJack will provide a token, which can then be used to transact on the EtherJack Platform. Basically, this token can be used to transact between players in the Platform and trade on the exchange that EtherJack provides to Users. The entire process on this Platform will be recorded on the smart-contract and will run entirely in on-chain. The team from EtherJack also developed a Bot named "Croupier", this Bot will run entirely on the Ethereum system. This bot will work to automatically manage the game and payments on the EtherJack Platform. The EtherJack team developed a dashboard with intuitive features, which will make it easier for Users to set their tokens or simply get an instruction to interact with Croupier, etc.

Why Blockchain and Smart-contract?

Blockchain can serve as an openly distributed ledger that can record transactions between two parties efficiently and in a manner that can be verified and permanent. To be used as a distributed ledger, blockchain is usually managed by peer-to-peer networks that collectively follow protocols to validate new blocks. Once recorded, the data in a particular block retroactively without the change of all subsequent blocks, requiring the collusion of the majority of the network. The blockchain is inherently resistant to the modification of the data involved. The blockchain is a growing list of records, called blocks, connected and secured using cryptography. Each block usually contains a hash pointer as a link to the previous block, timestamp, and transaction data. Blockchain technology enables the reduction of the fraud rate thus enabling a large number of potentials. Using blockchain for transactions and transparencies, creating transparent and fair markets open, democratize value distribution and narrow down relationships between advertisers, network providers, and customers.
Smart contracts are accounts holding objects on the ethereum blockchain. they contain code functions and can interact with other contracts, make decisions, store data, and send Ether to others, but the execution, and provided by the ethereum network itself. they will exist and be executed as long as the whole network exists, and will only disappear if they are programmed to self-destruct.

In Conclusion

EtherJack believes that with a solid and dependable team and system, EtherJack can provide users, a Jackpot Platform, which is safe and powerful and gives Users a range of advantages and conveniences that can boost the benefits of their Jackpot activities. The EtherJack team also believes that with systematic and professional development, Team EtherJack can build a better platform than similar platforms.








When the game is running, the bid price changes over time. The bid price depends on the total amount of bids made, and is defined by the following formula:

Since during the game JACK is purchased or sold at this price, and 1 JACK can replace this amount of Ether in a bid, this price naturally corresponds to the JACK intrinsic value during the game stage.
>>Here is The Price Selected Points

Bidding an amount of Ether exceeding the bid price at least twice returns JACK token or tokens to the player .Click this link for details https://etherjack.io/ .Timeout DurationThe timeout duration after each bid changes over time and depends on the total amount of bids made. It is defined by the following formula:
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>>Here is Duration the Selected Points.

JACK Token Economy”ICO,to accumulate a solid Jackpot and kick-start the game.The plan is to collect 333 ETH and start the game with it.Jack Token AMOUNT is Limited and the Tokens Stored in the Vault provides dividends of their Owners.Token for Betting are BURNED.The main components of the game—JACK tokens, bets, and the jackpot—are written as Ethereum smart contracts, for which the source code is published. This means the game is fully transparent and fair, and anyone can audit it.

WEB: https://etherjack.io/
WHITEPAPER: https://etherjack.io/EtherJack.io.pdf
TELEGRAM: https://t.me/EtherJack_io
TWITTER: https://twitter.com/etherjack_io
ANN Thread: https://bitcointalk.org/index.php?topic=2810343



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