NEOGAME - Blockchain Based Non-Profit Lottery To Change The Game
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Neogame, whose mission is to transform the global gambling market into a non-profit and no-host model create a space where nobody makes money on games and nobody is interested to chase problem gamers has arrived.
What exactly is NEOGAME?
Neogame’s mission is to transform the global gambling market into a non-profit and no-host model create a space where nobody makes money on games and nobody is interested to chase problem gamers. Neogame is a new lottery game that does not serve any beneficiaries: it has a zero house edge and no one will be able to access the funds: the only way to get them is to guess the winning lottery numbers.
The idea of the new Neogame project is to create a lottery that does not have an organizer, and is not a business unit at all. Neogame will be governed solely by a lottery smart contract, which autonomously executes the game algorythm. The smart-contract holds funds, gets random numbers and distributes prizes in an absolutely clear linear manner.
This way Neogame eliminates hosts, intermediaries and any business people from the game. There are only players playing with each other and the lottery smart contract that makes the no-commission game possible.
Neogame will function using Ticket Tokens (TKT) as both lottery tickets and prize fund currency. The supply is limited to 500 million tokens, and we will work to increase their value. When tokens value grows, the prize fund grows proportionally. If token value increases significantly, the jackpot size can be enormous.
The Competition
Check out this table below for the comparison of Neogame with the current market leaders
Token determinations The lottery will utilize its own cryptographic mazuma - Ticket Token (TKT) – which depends on the Ethereum blockchain.
Ticket Tokens are utility tokens that have the following 3 functions:
Lottery tickets. The player buys tokens, selects a digital combination through a decentralized application and sends tokens to a lottery smart contract.
Assets included in the prize Fund. The prize pool consists of tokens, tickets, and all prizes are denominated in TKT. The prize pool is very easy to change as far as the token itself does, which allows you to scale the size of the jackpot as a price increase marker.
Cryptanalysis that can be traded with predictable exchange rate fluctuations. TKT will be registered via cryptocurrency exchange and its value is expected to become volatile and be subject to the tracked effects of the token's growth factor.
TKT tokens are issued under the ERC20 standard, and are good with any wallet that backings Ethereum-predicated tokens. This enables the task to work uninterruptedly and inconclusively on the Ethereum blockchain, autonomous of some other outer factor.
Outflow There will be a constrained emanation of 500 million tokens. The savvy contract does not take into consideration extra token discharges later on.
Flow of tokens as a digital money The dissemination of tokens is conceivable expeditiously after the token deal. Posting on a main cryptoexchange is mundane inside 2 months after the token deal. A ultimate conclusion on the particular decision of trade will be made after the token deal.
Token Details
Start: 30 September 2018
End:30 October 2018
Cap: 100 000 ETH
(23 231 000 USD)
Goal: 2 000 ETH
(464 620 USD)
Price: 1 TKT = 0.00025 ETH
Token Development Drivers
The token deal will offer a rate of 4,000 tokens for each ETH, which will elevate to roughly 10 pennies for every token at the date of Whitepaper distribution. This is the underlying cost for a lottery ticket, and will be liable to changes because of free market activity.
Emission
There will be limited emissions of 500 million tokens. Smart contracts do not allow for additional emission of tokens in the future.
Token Distribution
Sales of tokens (80%) 400 million
Team (10%) 50 million
Advisor (5%) 25 million
Bounty and drop water (5%) 25 million
Circulation as a prize
The prize pool consists of TKT tokens, and its value will be volatile to the same extent as the token's exchange rate Using Blockchain:Ethereum network,Token Contract Crowdsale contracts,and Lottery contract
Ethereum Network
Ticket Token generation and turnover, crowdsale process, and in the operation of Neogame as a lottery are powered by Ethereum Network, a decentralized platform that runs smart contracts. It makes Neogame run exactly as programmed without any possibility of crashing, censorship, fraud or third party interference for the entire blockchain lifetime.
Token Contract
Ticket Tokens will be issued in Ethereum Network using the ERC20 token standard and are compatible with any wallet that supports Ethereum-based tokens. They are used in three different capacities: as a tradable cryptocurrency, as lottery tickets and a prize pool asset. The supply of tokens is limited to TKT 500 million and no additional emissions are allowed by the token smart contract.
Crowdsale contract
Neogame fundraising will be held using a crowdsale smart contract. Contributors will send funds, in Ether, to the smart contract address. All assets collected on the smart contract will be frozen until soft cap is reached. If during crowdsale the soft cap is not reached, the smart contract will send all money back to the contributors
Lottery contract
Neogame is truly independent of any human control. It is governed exclusively by the lottery smart contract that autonomously invokes the game logic. The smart contract keeps funds, manages drawings, generates the lottery’s random numbers and gives away prizes in an absolutely clear manner. The content of the smart contract and all the transactions are kept in the blockchain and are easily traceable by anyone.
WHY IS NEOGAME UNIQUE?
Fully autonomous
Based on Ethereum smart contracts, the lottery will exist as long as blockchain exists. It doesn’t need centralized management, it will just gather funds from tickets sold and distribute them all among winners according to a fair and clear algorithm. Neogame will not serve any beneficiaries: nobody has access to its funds other than by correctly guessing WINNING lottery numbers.
Scalable Jackpots
Neogame will function using Ticket Tokens (TKT) as both lottery tickets and prize fund currency. The supply is limited to 500 million tokens, and we will work to increase their value. When tokens value grows, the prize fund grows proportionally. If token value increases significantly, the jackpot size can be enormous.
Zero Commission
No lottery in the world offers such conditions for players as Neogame. It gives all raised funds to winners, while other lotteries usually leave 50% of funds for themselves and their projects. Moreover it’s up to 7 times more likely to win a jackpot with Neogame than with most popular lotteries. It is fully anonymous and winners can take their prizes immediately.
Waiver of ownership rights
The project team does not claim any ownership rights over Neogame. After the project is launched, the lottery will belong to the public: lottery players' and token holders' community. However nobody will have ownership rights over Neogame as well as nobody can affect the game.
Ethical Mission
Gambling addiction and problem gambling is a worldwide social issue, and this project is that designed to fight against irresponsible gambling. When the world gambling market converts to a nonprofit model, nobody will chase up gambling addicts anymore. This is our effort to make the world a better and happier place.
RoadMap
For more information, please visit:
WEBSITE: http://neogame.io/en/
WHITEPAPER: https://neogame.io/wp-content/uploads/2018/08/Neogame_WhitePaper-Aug18.pdf
FACEBOOK: https://www.facebook.com/groups/1976299652664640/
TWITTER: https://twitter.com/neogame11?lang=ru/
TELEGRAM: https://t.me/neogame_bounty
Author: Tosin David
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1180815
My ETH Wallet: 0xccb98e6af2b1dbe621fbac6b48e6e98811fe1243
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