About NeoGame
This innovation looks to transmute wagering standards all through the business. The wagering business has dependably been founded on "house edge" – the rule that the club or coordinator dependably has the propitious position. With the approach of blockchain innovation, there is not any more any requisite for coordinators – individuals can wager without delegates and claim their rewards without paying commission.
By propelling Neogame, we are kick-beginning this procedure of change and are certain that after some time, the astronomical majority of the ecumenical wagering industry will embrace the non-benefit exhibit. The Neogame venture remains rather than conventional lotteries, and we require to demonstrate the world how blockchain can turn into a distinct advantage.
Customary lotteries have an astronomically rudimentary sodality. The lottery have offers tickets, and assigns around a moiety of the income to the prize pool, the second half setting off to the host. This sum can be assuredly than a moiety, yet you can ascertain that a customary lottery is a negative desire diversion. Neogame, then again, is a thoroughly extraordinary diversion. This undertaking makes the lottery non-benefit and self-governing, equipped for nonstop activity and accomplishing full straightforwardness by denotes of Ethereum blockchain.
It will designate all assets down to the last cent, by utilizing a plausible calculation which is built into the lottery's keen contract. Neogame is a lottery with no host. It has no proprietors or outsider recipients. When the venture is propelled, the group will lose control over the lottery and the undertaking will commence filling in as a decentralized self-ruling sodality (DAO), administered by a keen contract. Neither the group nor token holders will have the capacity to influence the calculation or draw results, nor no outsider will be eligible for any profits from the regalement. Neogame won't engender a benefit and, along these lines, token holders' benefits will depend just on development in token esteem, which is capitalized on the undertaking rationale.
This project is designed to disrupt the for-profit model of gambling
We are kick-starting this process and we strongly believe all gambling will shift to a non-profit model in the future. Since blockchain was invented, people can play with each other directly, with no organizers and intermediaries. There is no longer any reason to play lotteries and other games that serve somebody else's interests.
It's new and it's different
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.
How we plan to make tokens grow
Supply is limited
TKT supply is limited to 500 million units and no further tokens can be issued according to the smart contract terms. If the game gains popularity, the token exchange rate should increase, as happens every time on any market when increased demand meets limited supply.
We buy them back
The tokensale hard cap is about $40M in Ether. Only up to $2M are allocated to software development, listing on exchanges, marketing and legal advice. The remaining funds (up to $38M) will be spent on buyback of TKT tokens to form the initial prize fund. The buyback will be done at the exchange rate and will not stop until the full amount is spent. This should make a great positive impact on the tokens’ exchange rate.
Predictable fluctuations
Ticket Tokens values should predictably go up and down. They will probably tend to grow between jackpot wins as the prize fund grows and fewer tokens are available in free circulation. And they will likely to decrease in value after someone wins a jackpot and sells all the prize to other currencies.
Competition
Here we compare Neogame with the current market leaders
TKT Tokens :
Token determinations The lottery will utilize its own cryptographic mazuma - Ticket Token (TKT) – which depends on the Ethereum blockchain. Ticket Token is an utility token that has the accompanying 3 capacities: 1) A lottery ticket. A player purchases tokens, picks a coalescence of numbers by denotes of a decentralized application, and sends tokens to the lottery's keen contract. 2) A benefit making up some portion of the prize pool. The prize pool comprises of Ticket tokens, and all prizes are denominated in TKT. The prize pool is unstable to indistinguishable degree from the tokens themselves, which takes into account scaling the span of the immensely colossal stake should the tokens increment in cost. 3)A tradable cryptoasset with unsurprising swapping scale changes. TKT will be recorded on cryptographic currency trades, and its esteem is required to be capricious and subject to the impacts of traceable components.
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 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.
Project Timeline
Here are the milestones for Neogame
For further information please visit the official source below:
Website: https://neogame.io/
Twitter: https://twitter.com/egamersio
Telegram: https://t.me/egamersio
Author: Jrock232
ETH: 0x8b4C75B64A871525306023CE18579b863c249318
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