NEOGAME

Gambling is a game where players bet to choose one choice among several choices where only one choice is correct and becomes the winner. The player who loses the bet will give the winner the bet. Rules and number of bets are determined before the match starts.

Sweepstakes can be seen as gambling where the rules of the game are by determining a decision with random selection. Sweepstakes are usually held to determine the winner of a prize.

An example is a lottery where participants must buy a ticket number that is numbered. These ticket numbers are then randomly withdrawn and the number drawn is the winning number. Ticket holders with this winning number are entitled to certain prizes.

This project seeks to change the principles of gambling throughout the industry. The gambling business is always based on "house edge" - the principle that casinos or organizers always have an advantage. With the advent of blockchain technology, there is no need for organizers - people can gamble without intermediaries and claim their winnings without paying commissions.

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

Traditional lotteries have very simple organizations. The lottery host sells the ticket, and allocates about half of the income to the prize pool, the second round is given to the host. This number can be more or less than half, but you can be sure that traditional lotteries are a game of negative expectations.

Neogame, on the other hand, is a completely different game. This project makes a non-profit and autonomous lottery, able to operate continuously and achieve full transparency through the Ethereum blockchain. This will allocate all funds to the last penny, using a clear algorithm written into the lottery smart contract.

Neogame is a lottery without a host. Do not have a third party owner or recipient. As soon as the project is launched, the team will lose control of the lottery, and the project will begin working as a decentralized autonomous organization (DAO), governed by smart contracts.

Both the team and the token holder will be able to influence the algorithm or withdraw results, and no third party is entitled to any dividends from the game. Neogame will not make a profit and, therefore, the profit of the token holder will only depend on the growth of the token value, which is tapped into the project logic.

Ethical Mission
Addiction to gambling and gambling problems is a worldwide social problem, and this project is designed to fight irresponsible gambling. When the world gambling market turns into a non-profit model, no one will pursue gambling addicts anymore. This is our effort to make the world a better and happier place.

How do we plan to make tokens grow

Limited supply
The supply of TKT is limited to 500 million units and there are no further tokens that can be issued in accordance with the terms of the smart contract. If the game gains popularity, the token exchange rate will increase, as happens at any time in any market when demand increases to meet limited supply.

We bought it again
The hard cover tokensale is around $ 40M on Ether. Only up to $ 2 million is allocated for software development, listing on the market, marketing, and legal advice. The remaining funds (up to $ 38M) will be spent to buy TKT tokens to form an initial prize fund. Repurchase will be made at the exchange rate and will not stop until the full amount is spent. This must make a big positive impact on the token exchange rate.

Predictable fluctuations
Ticket Token value must be predicted to rise and fall. They may tend to grow between jackpot victories when prize funds increase and fewer tokens are available in free circulation. And they will likely decrease in value after someone wins the jackpot and sells all prizes to other currencies.

This is new and different

Fully autonomous
Based on Ethereum's smart contract, the lottery will exist during blockchain. No need for centralized management, it will only collect funds from tickets sold and distribute them among winners according to a fair and clear algorithm. Neogame will not serve beneficiaries: no one has access to their funds other than guessing the WINNING lottery number correctly.

Scalable Jackpot
Neogame will function using Ticket Tokens (TKT) both as lottery tickets and prize fund currencies. Inventories are limited to 500 million tokens, and we will work to increase their value. When the token value grows, the prize fund grows proportionally. If the token value increases significantly, the jackpot size can be very large.

Zero Commission

There is no lottery in the world that offers such conditions for players like Neogame. This gives all the funds raised to the winner, while other lotteries usually leave 50% of the funds for themselves and their projects. In addition, up to 7 times more likely to win the jackpot with Neogame compared to the most popular lotteries. This is entirely anonymous and the winner can take their prize immediately.

TKT Token:

Determination of the Lottery Token will use its own cryptographic map - Ticket Token (TKT) - which depends on the Ethereum blockchain. Ticket Tokens are utility tokens that have 3 capacities: 1) Lottery tickets. A player buys a token, chooses a combination of numbers by showing a decentralized application, and sends tokens to sharp lottery contracts. 2) Benefits in the form of several parts of a prize pool. The prize pool consists of Ticket tokens, and all prizes are denominated at TKT. The prize pool is not stable to a level that cannot be distinguished from the token itself, which takes into account scaling ranges from very large parts if the token is increased. 3) A crypto asset that can be traded with a swapping scale change that is not surprising. TKT will be recorded in cryptographic currency trading,

TKT tokens are issued based on the ERC20 standard and are good with any wallet that supports the token controlled by Ethereum. This allows the task to work uninterruptedly and inclusively on the blockchain Ethereum, autonomous from several other external factors.

Outflow There will be a limited emanation of 500 million tokens. Smart contracts do not consider the release of extra tokens at a later date.

Flow of tokens as digital money Distribution of tokens can be done quickly after the token agreement. Posts on the main crypto exchange are normal within 2 months after the token agreement. Final conclusions about certain trading decisions will be made after the token agreement.

Token development driver:

Token transactions will offer a rate of 4,000 tokens for each ETH, which will increase to around 10 cents for each token on the date of distribution of the Whitepaper. This is the underlying fee for lottery tickets and will be responsible for changes due to free market activity.