Joys –

Is an international payment service that makes money from processing payments for goods and services in national currencies and cryptocurrencies, from converting cryptocurrencies, from creating alternative payment systems and services at any scale from in-house corporate services to interntaional systems.

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Joys allows you to make payments in national and foreign currencies, as well as use liquid digital financial assets: utilitarian and/or secured tokens and cryptocurrencies.

Aug. 9, 2021

JOYS DIGEST #7(28) – MAIN FOR JULY

The new issue of our monthly digest is already available here! In it we will tell you about Joys’ main news for July.

In this issue:
– Joys was included in the top 5 startups of July 2021 by VC.ru
– 4 new businesses joined Joys Fast Payment System
– We have launched the JOYS staking
– Interview with Valery Petrov, Vice President of RACIB and Director of GR and IR at Joys, "FPS can become a driver for the development of the national payment system" is published in Finversia
– Valery Petrov's interview "Russia is the undisputed leader in creating software solutions for the crypto market" was published in BeInCrypto
– The whole world in the palm of your hand: Joys on top of Elbrus
– Analytics of Russian users of top crypto exchanges
– JOYS rate analytics for July
– Cryptomemes

July 26, 2021

JOYS blockchain switched to PoAS algorithm

This day came! Outdated mining has been replaced by progressive staking. Now you don't need computing power and expensive video cards - you can just make a deposit of your JOYS coins and get 12% per annum.

Staking is a way of passive earnings, in which users store coins on the Proof-of-Stake (PoS) algorithm and ensure the operability of the blockchain. For this, holders of digital coins receive a reward.
At the moment, staking is available from 521,000 JOYS. In the future, it will be possible to stake a smaller amount - follow our announcements.
The transition took place today at block # 7,770,000. The conversion of JOYS coins is automatic and will be fully completed tomorrow. No user action is required.

To send your coins for staking, you need to transfer them to the Metamask wallet on the JOYS network, then connect your wallet to https://staking.joys.digital/ and start the staking procedure.
You can find step-by-step instructions for setting up Metamask at this link - https://download.joys.digital/docs/Instructions_for_connecting_Metamask_to_JOYS_PoAS_EN.pdf.

We remind you that JOYS cryptocurrency can be purchased in several ways:
- on the p2pb2b and LATOKEN exchanges;
- in the Joys Wallet app for iOS and Android.

July 15, 2021

​JOYS blockchain will move to PoAS on July 24

Even more joys!
Very soon, the JOYS cryptocurrency will move to a new stage of its development – the PoAS (Proof-of-Authority Staking) algorithm.
The transition will be on July 24 at block #7770000 at approximately 15:00 UTC+3 time. Perhaps the time will shift in one direction or another for several hours, since the rate of block formation is not constant.

The main advantage of PoAS is the opportunity for JOYS holders to deposit their coins and make a profit in JOYS for keeping their funds in the pool at a rate of 12% per annum.

We made the decision to switch to PoAS for several reasons:
– PoW has not shown itself to be a factor that increases the value of JOYS in the market. It only restrains the lower price limit;
– PoW with the current number of miners after the outflow to the Ethereum network cannot fully protect the network from the 51% attack;
– On top of that, we also strive to be a green company that supports ESG's commitment and contribute to energy savings;
– We are preparing to increase the load on the network thanks to the launch of loyalty programs on smart contracts and the Double Profit project.

To be prepared for staking, you will need to install the Metamask crypto wallet in your browser and add the JOYS network. You can find step-by-step instructions for setting up Metamask at this link – https://download.joys.digital/docs/Instructions_for_connecting_Metamask_to_JOYS_PoAS_EN.pdf.
We remind you that JOYS cryptocurrency can be purchased in several ways:
– on the p2pb2b and LATOKEN exchanges;
– in the Joys Wallet app for iOS and Android.

When the transition to PoAS is completed, we will definitely notify you on Telegram and on all our social networks. There is very little left!

July 9, 2021

JOYS DIGEST #6(27) – MAIN FOR JUNE

The new issue of the monthly digest is already available! In it we will tell you about the Joys main news for June.

In this issue:
– CEO Andrey Mikhaylishin presented Joys to investors at VC8 Pitch Corner
– Joys attracted €5 million investments from Mantroneco
– Joys will become a technology provider of IU Talents – knowledge tokens of the international online Intelligent University
– Joys joined the Consortium of the NTI Center “Center for Distributed Registry Technologies of St. Petersburg State University”
– Joys participated in PitchMe Moscow #5 business session
– Joys took part in the StartHub Demo day
– Article about Joys' participation in the StartUp Village competition was published in the Financial Newspaper
– CEO Joys Andrey Mikhaylishin published a scientific article "Prerequisites for the emergence and global experience in implementing digital currencies of central banks”
– CEO Joys Andrey Mikhaylishin shared with Forbes magazine the experience of passing the Central Bank's regulatory sandbox
– JOYS rate analytics for June
– Cryptomemes

June 8, 2021

JOYS DIGEST #5(26) – MAIN FOR MAY

The new issue of the monthly digest is already available! In it we will tell you about the Joys main news for May.

In this issue:
– Joys enters the fiat payment market
– Joys got to the semifinals of the Startup Village 2021 pitch session: we were among the top 16 of 2 000 projects
– Joys is nominated for the FINAWARD 2021 in the category "FINTECH STARTUP RISING STAR”
– We have developed a loyalty system based on smart contracts
– JOYS blockchain moves from PoW to PoAS
– CEO Joys Andrey Mikhaylishin shared with Forbes magazine the experience of passing the Central Bank's regulatory sandbox
– CEO Joys Andrey Mikhaylishin created two holywars about the digital ruble at the national blockchain conference "Blockchain/Finance”
– Analytics of the JOYS rate for May
– Cryptomemes

June 1, 2021

CEO Joys Andrey Mikhaylishin shared with Forbes magazine the experience of passing the Central Bank's regulatory sandbox

CEO Joys Andrey Mikhaylishin told Forbes journalists how our payment service was piloted in the Central Bank of Russia, what comments were particularly important and valuable for us, as well as about the future plans of the project. So the article "We wanted to be an icebreaker that breaks the ice between the regulator and the industry: how the Central Bank tested crypto projects and what came out of it" appeared, which you can read at this link (available in Russian).
The Bank of Russia said in its 2020 report that it tested three digital currency projects last year, including the Joys payment service.
"Since both the Central Bank has a negative attitude towards cryptocurrencies and the crypto industry has a very negative attitude towards the Central Bank, we wanted to be an icebreaker that breaks the ice between the regulator and the industry. We have partially succeeded", Andrey said.
After piloting the project for cryptocurrencies, Joys executives realized that their infrastructure fits well with the Fast Payment System (FPS). So Joys became an agent for connecting retail and service enterprises to the FPS. The platform is also ideally suited for the development of the digital ruble, which the Central Bank is currently working on, says Andrey Mikhyilishin. You can connect the FPS to accept payments from customers by leaving a request on our website.