FortuneJack is one of the older crypto-gambling sites we know of. According to some sources, it was established in 2014, while others note that this hub launched in 2013. The latter year is cited by this brand’s team, so we will go with it. Regardless of when it got up and running, the fact that it has not only managed to maintain itself in the sphere for over a decade, but grow, is super impressive, as we can only think of a few crypto-gaming platforms that have accomplished this feat.
Now, FortuneJack, a site that claims to have over a million users who allegedly bet over $2 billion annually here, is further evolving, and a significant part of its growth has been the debut of its native asset, the JackToken, or $JACK. However, this is only a part of this platform’s massive expansion, which will include a peer-to-peer sportsbook and a VR poker network. Those are some lofty aims, and we will have to see if they come to fruition as planned.
But what is already active and amassing sizable interest from crypto gamblers is the JackToken, whose price progress you can track at hubs like CoinMarketCap. Below, we give you a quick summation of this asset, providing you with all the basic info you should know about it.
What is the JackToken?
It is a gaming crypto built on the BNB Chain, which is famous for its low fees and high speeds. A product of FortuneJack’s team, this token is not only a cryptocurrency but is also a multifaceted tool that integrates into FortuneJack’s platform in various ways.
FortuneJack has high hopes for its token, predicting it will attain substantial popularity fairly quickly on account of its multiple uses. It is a project backed by a revenue-generating business that has shown itself to be sustainable, and which has shown deep establishment in the crypto-gambling landscape.
According to its whitepaper, 70% of the revenues this asset and its utilities bring will be allocated toward FortuneJack’s Ecosystem Fund, and 30% will go to the company’s equity interest. The Ecosystem Fund encompasses the mentioned expansion areas, plus the JackGaming Studio, various site developments, and all future innovations that FortuneJack’s team hopes to bring to life.
The JackGaming Studio is what it sounds like: it is FortuneJack’s game development arm, which has made over twenty gaming products to date and has secured partnership agreements with game aggregators such as Upgaming, SoftGamings, SOFTSWISS, EveryMatrix, and a few other top ones from this sector section. All profits created by JackGaming’s games sales will go to the mentioned Ecosystem Fund. On top of this studio making its games, it also acts as an open-ended creation incubator, assisting in early-stage game development through AI tech. Holders of JackToken can contribute to the building of novel JackGaming picks and then get a piece of the profits these creations bring in.
When the P2P sportsbook and VR poker network go live, all the funds they bring in via fees will be allocated to the Ecosystem Fund. Right now, FortuneJack hopes to get $2.75 million in token sales in 2025, which will be used to cover marketing activities and other crucial expenses related to this token project.
Lastly, for this section, we should add that JackToken has a total supply of one billion, and per its tokenomics, allocation-wise, its Treasury sees the highest allocation percentage, standing at 25%. The rest is divided into the following groups: Seed Round, Pre-Sale, Public Sale, Liquidity & Listing, Team, Treasury, Ecosystem Fund, B2B Partnerships, Airdrops, and Staking. We should not fail to mention that each month, 5% of the project’s revenue is allocated to buy back tokens.
JackToken Staking & Rewards
We are sure that when many readers hear about a crypto gambling site launching its token, the first thing that comes to mind is – what staking rewards can I get? Well, by staking $JACK tokens, you could have gotten APR rewards as high as 200%. However, those were reserved for early participants for the first three days after the Token Generation Event. Going by the info we could find on FortuneJack’s different websites, the token’s public sale had a vesting period of three months with a 25% unlock, and the airdrop allocation had a seven-day cliff and a two-month vesting period.
After the TGE, the APRs were penciled in to progressively decrease over five time periods. So, you could get 90% for thirty days after TGE, 60% for the next sixty, 40% for the following sixty, 27% for the next sixty, and 18% for the final sixty days. These APR rewards have been designed to ensure long-term ecosystem sustainability.
Staking $JACK is quite simple. You acquire the token by participating in sales or through an exchange, and you lock your tokens in the staking smart contract. Staked assets get locked for twenty-one days, meaning they cannot be withdrawn during this period to reduce market volatility and provide liquidity. Staking is part of a deflationary model, and stakers gain access to exclusive rewards like game creation contests and the Jack’s Raffle, which we will explain in the following paragraph.
Jack’s Raffles are reasonably marketed as an essential part of the JackToken ecosystem, and these are weekly lotto-draw-type events where prizes get distributed to random winners (using Bitcoin block hashes). The rewards here stem from game profits, creating a dynamically scaled prize fund with five holder tiers. Accordingly, based on their $JACK holdings, individuals can get prizes ranging from 10% of the prize fund for holding 2,500–5,000 $JACK (tier 5) up to 100% of it for holding 150,050+ $JACK (tier 1).
All the Uses of the JackToken & Its Future
As noted several times above, this asset has been created to be a versatile tool with multiple uses within its ecosystem. It can be utilized as a currency across all JackGaming titles, used by aggregators and operators to reduce fees, and staked for contests, meaning game creators must stake $JACK tokens to participate in title-building competitions. Then there are uses such as creators paying for services using $JACK tokens at discounted rates, partner platforms using $JACK to incentivize player engagement through airdrops, and the like. Be aware that the FortuneJack community team hosts events inside its Discord and Telegram groups, plus on X, where chests can feature tokens, among other things.
We have already gone through Jack’s Raffle, which is projected to be a star attraction for this asset. Per its published roadmap, FortuneJack’s management has high hopes for JackToken, and it has attached some lofty goals to this project, including the launch of an AI Assistive Game Builder, a crowdfunding platform, and a VR poker network. They think that these developments will be enough to solidify JackToken’s position among prime crypto gaming assets. We must admit, this is one of the most versatile ones we have come across and one that is holding up quite decently for now.
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