NEO GAME is an innovation in a game

sambojacrypto (0)(1)in #ico • 6 years ago

HALLO ALL, meet again with me who always updates with the cypto currency. I'm here to discuss a NEOGAME platform.

WHAT IS NEO GAME?

Neogame, is a completely different game.because it 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 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.

Neogame will function using Ticket Tokens (TKT) as both lottery tickets and prize fund currency. The supply is limited to 500 million tokens, and they 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.

Token specifications

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

Emission

There will be limited emissions of 500 million tokens. Smart contracts do not allow for additional

emission of tokens in the future.

DISTRIBUTION TOKENS

sales of tokens (80%) 400 million
team (10%) 50 million
advisor (5%) 25 million
bounty and drop water (5%) 25 million

Circulation as a prize

The prize pool consists of TKT tokens, and its value will be volatile to the same extent as the token's exchange rate Using Blockchain:Ethereum network,Token Contract Crowdsale contracts,and Lottery contract

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.

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.