NeoGame. Fully autonomous based on Ethereum smart contracts

pamoroch (25)in #ico • 6 years ago

Formerly known as AntShares, NEO is among the strongest technologies in the cryptocurrency industry with an impressive amount of developers working on it. The secured ledger it provides seems an ideal ecosystem to build in-game economies uppon it.

The intention 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.

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.

The lottery will use its own cryptocurrency - Ticket Token (TKT) – which is based on the Ethereum blockchain

Ticket Token is a utility token that has the following 3 functions:

A lottery ticket. A player buys tokens, chooses a combination of numbers via a decentralised application, and sends tokens to the lottery's smart contract
An asset making up part of the prize pool. The prize pool consists of Ticket tokens, and all prizes are denominated in TKT.
A tradable cryptoasset with predictable exchange-rate fluctuations

According to the National Council on Problem Gambling, 1% of the US population suffers from a pathological dependence on #gambling, and up to 3% can be said to be problem gamers.#Neogame’s mission is based on the principles of responsible gaming.
Link:https://goo.gl/GAWFXu

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.

TRAITS OF NEO GAME

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

There has never been any 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.

Players Demographics

The most frequent lottery players are Low-income families from richer countries. For example, low-income households in the USA spend upto 9% of their total income on lottery tickets. Approximately 60% of people over 18 (90 million people) play

lotteries in the USA, and up to 20% do it on a regular basis, spending up to $50 billion – $160 per individual

Lottery contract

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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.

TOKEN INFORMATIONS

Token – TKT
Platform- Ethereum
Token Price – 0.1 USD
Token for sale – 400,000,000 TKT (80%)
Token supply – 500,000,000 TKT

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