Arumi crypto: JACK Token And Its Transfer Function

Game

The basic rules are simple enough. There is a jackpot, at any time claimed by

player (the last bargain), and there is a countdown timer that runs. If someone is bidding

(by sending a number of Ether to Jackpot's smart contract), that person now

claiming jackpot, bid added to jackpot, and timer reset.

If nobody claims the jackpot when the timer runs out, it will continue to the end

the person who made the offer Over time, the offer price went up (from 0.005 ETH, up

more than 1 ETH), and the timer duration drops (from 3 hours to 5 minutes).

There's a second-rate meta-game prize: each bid to 20, 50th, and 100th also wins

"Little reward": 10% of the offer price during the same period. As an example,

each bid of 20 wins the 10% Ether used for the last 20 bids. If all of these offers exist

created on Ether, and the offer price does not change, it will double the offer

price. If multiple bids are made in JACK, the amount will be smaller. If

The bid price changes, the amount will depend on the moment in the price interval

changed.

Everything described above is fully implemented in a smart contract with

publish the source code, which means it can be verified and audited by the public.

All smart contract variables are made public for the same purpose.

If a player doubles, triples, and more, the bid amount, they buy a JACK token

an additional amount of Token can be used to place a bid without issuing Ether then,

for investment, or later sale at a higher price. See "JACK Token Economy"

below for details.

Decision issues
When you bid, your chances of winning are no smaller than your previous bid. Actually this is higher because the timeout is getting shorter all the time.
By the time everyone says "I'll skip this moment", the last winner will win.

Token smart contract:

Smart Contract
The main components of JACK tokens-tokens, offers, and Game Gifts-are written as smart contracts by Ethereum, whose source code is published.

This means the game is completely transparent and fair, and anyone can audit it.

• Defining the JACK Token and its transfer function
• Handle deposit and withdraw (tap transfer to Croupier and
apply custom logic)
• Handle token bids (intercept transfer to Jackpot and apply custom logic)
• Handling of freezing and freezing of deposit (API only available for Croupier)
token sales through Jackpot contract

There is a fixed supply of 1 million JACK, which can only go down. Every time there is a sign
Used to bet, it is burned irreversibly, thereby reducing the total supply. JACK Tokens can be transferred freely between players or traded on the exchange. When Tokens are sent to Croupier, they will be counted against the user's deposit with an on-chain Croupier. Later, all deposits can be withdrawn, on-chain wear The deposit data is stored in blockchain. If the deposit owner wants to sell the token through their Jackpot contract Ask Croupier to do it. The Token Contract froze the deposit by Croupier's demand, thus making it available for off-chain manipulation on the Croupier side.
If the user wants to stop selling and return JACK back to the deposit, Croupier will request an unfreezing deposit, which will refund the deposit amount back to blockchain Jackpot Smart Contract

Jackpot smart contract runs the game:

• ICO Stage: sells tokens for investment
• Start the game when ICO destination is completed
• Ether Bid
• Token Bid
• Tracking and payment of small rewards
• Game ending conditions
• Jackpot Payment

Economy Token JACK
Overview of JACK

JACK Tokens is the game's internal currency. JACK has no fractional denominations, the symbol is "JACK". The JACK tokens are obtained during the ICO phase, and can be obtained later in the
games, and can be used by investors (ICO participants) and players (non-ICO games articipants) to take advantage of game operations, utilizing JACK's the price grows, and use JACK to place the offer without removing the Eher.

Token JACK is the token ERC20, can be seen at the following address:

Symbol: "JACK", decimal: 0.

The token Solidity code is available for public review at eterscan.io.
The Theory Behind the Value of JACK
The JACK token has an intrinsic value because of its two token functions:
It can be used for non-Ether bidding (hence the value is not less then the offer price at any time);
The holder can get some of the value of all the bids made and the new JACK tokens sold through Jackpot (dividend) contract.
The value of JACK is supported by the presence of jackpot prizes, since the jackpot is the driving factor behind players who place bids.

ICO