NEOGAME Lottery Platform Based on Blockchain Technology
ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
After my research, I found this project in which I really put my faith: NEOGAME . Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.
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. 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. 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, is a completely different game.because it makes the lottery non-profit and autonomous, capable of continuous operation and achieving full transparency via Ethereum blockchain.
It will allocate all funds down to the last penny, by using a clear algorithm which is written into the lottery's smart contract.
Neogame are kick-starting this process and they 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.
FEATURES OF NEOGAME
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.
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.
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.
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.
TOKEN AND ICO 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
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.
There will be limited emissions of 500 million tokens. Smart contracts do not allow for additional emission of tokens in the future.
Sales of tokens (80%) 400 million
Team (10%) 50 million
Advisor (5%) 25 million
Bounty and drop water (5%) 25 million
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.
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
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.
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