NEOGAME

Blockchain Based Non Profit Lottery to Change the Game

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.

The feature of Neogame Platform

Fully Autonomous

Based on Ethereum good contracts, the lottery can exist as long as blockchain exists. It doesn’t would like centralized management, it’ll simply gather funds from tickets sold-out and distribute all among winners in line with a good and clear formula. NeoGame won’t serve any beneficiaries: no one has access to its funds apart from by properly shot WINNING lottery numbers.

Zero Commission

No lottery within the world offers such conditions for players as NeoGame. It provides all raised funds to winners, whereas alternative lotteries sometimes leave five-hundredths of funds for themselves and their comes. a lot of} it’s up to seven times more doubtless to win a jackpot with NeoGame than with most well-liked lotteries. it’s totally anonymous and winners will take their prizes straightaway.

Scalable Jackpots

NeoGame can operate mistreatment price tag Tokens (TKT) as each lottery tickets and prize fund currency. the availability is restricted to five hundred million tokens, and that we can work to extend their worth. once tokens worth grows, the prize fund grows proportionately. If token worth will increase considerably, the jackpot size may be monumental.

Using Blockchain

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

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.

Advantages of Neogame

Neogame is structured as AN Ethereum good contract. The terms of the good contract that govern the lottery formula area unit protected by the Ethereum blockchain, The blockchain ensures the very best science protection potential thus far. To hack the blockchain, one must have resources bigger than the capability of the complete Ethereum network, that is supported by several miners around the world.

Neogame doesn’t set up aggressive promoting campaigns targeted at players, because it goes against our moral mission. However, so as to appreciate the project it’s necessary to draw in enough players. For this purpose, there’ll be AN initial effort geared toward moving audiences from profit-making lotteries to Neogame.

Neogame isn’t subject to any jurisdiction. The project isn’t a billboard enterprise, has no homeowners, conducts no economic activities, and receives no profit. Neogame is organized while not a management, and every one transactions area unit supported the principles and algorithms embodied within the good contract.

Neogame operates as a decentralized autonomous organization (DAO). The status of such organizations isn’t regulated by most legislation, though the variety of equal union comes to operate with success on the cryptocurrency market.

Neogame isn’t a corporation and can not conduct any economic activities. creating a profit and mistreatment business opportunities don’t seem to be the goals of the project and area unit not possible in line with its nature.

The Neogame good contract may be a complete and self-sustaining mechanism capable of taking bets, conducting prize attracts, and paying out prize tokens in line with the formula.

The system can don’t have any homeowners or beneficiaries. The project team that launches the lottery waives any possession and management rights to the present project when its launch.

Neogame ICO Token

Detail: Neogame ICO Token

Token: TKT

Price 1 TKT = 0.0005 ETH

Bounty: Available

Platform: Ethereum

Accepting: ETH

Hard cap: 200,000 ETH

Country: International

Whitelist/KYC: None

Roadmap