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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 the price starts with 0.004 ETH per JACK. Once 10,000 tokens are sold, the price will change 0.005 ETH, and then gradually reach 0.006 ETH. Once the game has started, the price will be 0.01 ETH and will grow up by 0.006 ETH with every 100 bids placed. After 1000 bids (which is no later than 35 days from game start) JACK will cost 0.07 ETH, and after 5000 bids (67 days from start max) 0.31 ETH, and so on. JACK holders can start selling JACK to new buyers through the game's smart contract from the start. Alternatively, they can start getting a cut from each bid made in the game, or both, or first deposit, and then when the prices have grown, sell them.
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