Neogame - First Non-Profit Gambling Project To Change The Game

https://neogame.io/

NEOGAME - This project seeks to change gambling principles throughout the industry. The gambling business has always been based on "house edge" – the principle that the casino or organizer always has the advantage. With the advent of blockchain technology, there is no longer any need for organizers – people can gamble without intermediaries and claim their winnings without paying commission.

By launching Neogame, we are kick-starting this process of transformation and are confident that over time, most of the global gambling industry will adopt the non-profit model. The Neogame project stands in contrast to traditional lotteries, and we want to show the world how blockchain can become a game changer.

Traditional lotteries have a very simple organisation. The lottery host sells tickets, and allocates around half of the earnings to the prize pool, the second half going to the host. This amount can be more or less than a half, but you can be sure that a traditional lottery is a negative expectation game.

Neogame, on the other hand, is a completely different game. This project 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 is a lottery with no host. It has no owners or third-party beneficiaries. As soon as the project is launched, the team will lose control over the lottery, and the project will start working as a decentralised autonomous organisation (DAO), governed by a smart contract.

Neither the team nor token holders will be able to affect the algorithm or draw results, and no third party will be entitled to any dividends from the game. Neogame will not generate a profit and, therefore, token holders’ profits will depend only on growth in token value, which is tapped into the project logic.

https://neogame.io/wp-content/uploads/2018/09/Neogame_eng_10Sep18.pdf

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.

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.

Features

• 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.

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.

Token Detail

Token: TKT

Price: 4000 per 1 eth

Platform: Ethereum

Accepting: ETH

Hard cap: ETH 100,000

Soft cap: ETH 2,000

Type: ERC20

Token for sale: 500 million TKT

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