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Neogame: non profit gambling platform
ZERO222
NOV 22, 2018, 10:05:03 AM
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Are you gambling?! Many people dread being ask this question. there is a widespread belief that gambling is somehow sinful when most people talk about gambling the beneficial effects rarely come up in the conversation. Ofcourse, gambling has been the ruin of many , there is no doubt of that science has shown that gambling addiction is real. With the emergence of internet, online casinos and lottery platforms have been gaining momentum simply because it is easier to access from any corner of the world, traditional lottery and online lottery have something in common which is the house always there are always winners in lottery but it is house that most often wins , because of lack of transparency the house usually take up to 50% of the prize pool even when there is that jackpot winner smiling at his fortune and also cases of fraud and cheating by lottery employers have always ensured that the house win. I am not trying to discourage you from gambling but don't let the game play you and NEOGAME platform will ensure that platform .
What is neogame
A decentralized nonprofit and autonomous self sustaining platform, capable of continuous operation,achieving transparency via etherium block chain. In this platform every last penny goes the winner ensured by using clear algorithm which is written into the lottery smart contract.
Features of neogame that makes it different
Decentralization block chain powered platform:ensures seamless transaction and payment guarantee
Non profit: this platform aim to disrupt the for profit model of gambling thus cannot perform economic activities
No management- neogame not owned or controlled by anyone,it is a self sustaining autonomous platform capable of taking bets,conducting prize draws,paying out prize tokens according to the algorithm
Random number generation-the source of random number for draw is the ethereum network hash to avoid any possible fraud by front running, there is a sequence of hashes instead of a single hashing operation
Security- neogame is structured as an etherium smart contract as such terms of the smart contract that govern the lottery algorithm are protected by etherium block chain thus ensuring the highest cryptographic protection and before launching the platform will undergo comprehensive testing by WHITE HAT SERVICE for hack resistance.
Mandatory jackpot payout- this feature makes neogame standout .the system ensure mandatory jackpot payout when more than 70% of the tokens are in the prize pool thus the entire prize is paid out in the next draw,if no one guess the most complex combination, then jackpot is paid out to those who guess the second most complex combination and this continues until prize is paid out
How to use platform
Lotto player purchase token for lottery via inbuilt exchange with the app
To take part in draws the tokens are sent to the lottery smart contract along with the participant wallet address and info concerning the numbers selected via decentralized app
Once transferred to smart contract ,tokens are added to the price pool
After the draw ,all prizes are sent in tokens to the winner wallet used previously to send tokens to the lottery smart contract.
About tokens
Ticket tokens (TKT) will be used on neogame platform which is base on ethereum blockchain ,prize pool are do nominated in TKT thus volatile to same fluctuations as tokens themselve ,this allow for scaling of size of the jackpot should token increase price. Tokens will be listed on leading cryptoexchange two months after token sales
With limited supply of 500 million tokens ,token price will be affected by the following factors
1)Buyback of token-a non reccurent driver that ensures increase in price of tokens after project launch. 400 million dollars will be allocated to buy tokens back from token holders thus making the prize pool many times bigger than the value of funds spent on it's formation. This large jackpot should attract more players and increase demand for tokens
Mandatory payouts-this is a random driver that occurs when more than 70% of tokens are in prize pool .This attract more players ,increase demand for tokens thus inflating token price.
Regular jackpot wins- this cyclical driver is linked to the fundamental nature of lottery which suggest regular cycles between jackpot wins thereby causing periodic jackpot price pool growth between jackpot wins increasing demand for lottery ticket thus inflating price of tokens
Limited number of tokens and growth of cryptoassets market-these are parmanent drivers that ensure increase demand of tokens with increase number of players.
About token sales
Total token supply: 500 million TKT, 400TKT will be offered for sale at rate of 4000TKT=1ETH
Hardcap=10,000
Softcap=2,000
Funds collected in ETH will be returned if softcap is not reached
Token sale address will be available on neogame official website before token sale,it will last for 30 calendar days,it will have no presale stage and tokens will be available to all buyers at same price
For more info visit:
Websitehttps://neogame.io/en/
White paper:https://neogame.io/wp-content/uploads/2018/08/Neogame_WhitePaper-Aug18.pdf
Telegram group:https://