FAQ
Q: When does the game start?After the jackpot has 333 ETH or more, a 48-hour countdown timer will start. After the countdown runs down to 0, the game will start.
Leave your email in the box on the website to be notified 12 hours before the game start and on game start. If you subscribe to website pushes (left top corner), you’ll get those notifications as well.
Q: What is the ICO stage?In the ICO stage the game is collecting the jackpot for which the players will compete, and gives the investors JACK tokens at low price in return. During the game phase it will be much more expensive to buy JACK tokens.
Q: How much can I earn if I invest now?It depends on what exactly you are going to do with tokens and when you plan to sell them.
Token price during the ICO:
0.004-0.006When the game starts:
0.01 ETHAfter 1K bids:
0.07 ETHAfter 10K bids:
0.61 ETHThe
White paper includes a table with ROI numbers depending on when you invest and when you sell.
Additionally, before you decide to sell you can deposit the tokens with Croupier and get a cut from bids and token sales during the game (the amount of dividends depends on number of tokens deposited by all players in total).
Q: How is it guaranteed that the game is fair?Ethereum is more than a cryptocurrency, it’s a platform for Smart Contracts: pieces of program code deployed to the blockchain that can’t be changed and which can determine behavior of a system.
EtherJack is implemented as two Smart Contracts (one for the game itself and one to describe the token). Anyone can inspect the source code of the contracts and ensure that the code matches the declared behavior.
The developers have no access to the jackpot funds: those are locked in the smart contract, and what is going to happen to it is only determined by the contract (which anyone can read).
The developers left no backdoors or ways to alter the contract for themselves. This also can be verified in the smart contract code.
Q: What can I do with the tokens? 1. Bid JACK. After the game starts, anyone can bid with ETH to claim the jackpot. But one can also bid 1 JACK at any time, and it will work as a bid. When a bid will cost 0.1 ETH or 1 ETH, you don’t have to spend ETH, just bid JACKs, which you bought back when they were cheap.
2. Deposit JACK in the Vault and get a cut from every bid made and token sold during the game phase.
3. Resell. When the bid price and JACK price raises during the game (it grows by 0.006 ETH with every 100 bids placed) you can resell the JACK to new players willing to buy them. The game can do it for you automatically. Even when the game just starts, the JACK price will jump to 0.01 ETH per JACK (highest price during ICO is 0.006 ETH).
Q: How do I participate in the ICO?To buy JACK, send ETH to 0xe64d5f33e28387855d33980719f27f0d579392af, and the smart contract will send you back JACK tokens.
Check the current price at
EtherJack.io, you can also use the calculator at the bottom of the page. Also, if you are using Metamask, you can place the order right from the website.
Q: Is there a control panel for investors?Yes. To access it, at
EtherJack.io, click “JACK Holders’ Dashboard” and enter your Ethereum address.
You don’t need a login and password: all operations are triggered by transactions on the blockchain, so the system will know you is you by watching the blockchain transactions.
[/color]
