EtherJack is a jackpot game, based in the Ethereum blockchain.
The rules are simple: there's a massive jackpot, and people are placing bids to claim it, within allowed time after the last bid. If no bid comes, the last to claim gets it. If bids keep coming, the jackpot grows further. The game is 100% transparent and fair (thanks to the Ethereum Smart Contracts), and everything depends only on the participants, not on devs.
We are announcing the start of the game's ICO stage. This is the stage when the jackpot is formed, and JACK tokens (read more on them below) are distributed at much lower prices than during the game phase. The collected jackpot will attract players placing bids, and the JACK you get will help you get a cut of the bids. The game will also automatically sell your JACK to the new players at a growing price if you wish so. This ICO is about selling stakes in the one-time big jackpot game. House always wins, so why not be the house?
During the ICO phase of the game, the Jackpot contract is selling JACK tokens (a custom ERC20 token used in game mechanics) at a discounted price until there’s at least 333 ETH in the jackpot. The price of JACK tokens during ICO starts at 0.004 ETH per JACK, and will reach 0.006 ETH by the end of ICO. At the game start, the price will jump to 0.01 ETH per JACK and keep growing as more and more bids are made in the game. The JACK price is defined by game rules (the smart contract), and the way the game is designed guarantees that JACK is worth at least the nominal price at all times.
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