Friday, September 21, 2018

Neogame ( TKT ) – Lottery Which has no Organizer and no Business Entity


otteries and casinos are a pathological addiction for players and an extremely lucrative business for their owners. Because of simplicity, scale and super profits – this type of business is often monopolized by the state, without access to it by other companies
Poor families from richer countries are the most frequent participants in lotteries. In the US, according to statistics, people spend on the lottery about 50 billion a year. Thanks to unobtrusive advertising – this figure is growing every year – everyone has ever heard on TV or radio, as a person buying a ticket to the national lottery won more than 1 million. dollars. Although ordinary people do not know how the winner actually gets his winnings – by equal payments within 10-20 years, or can get a little more than half of the winnings at once. Lotteries are created with the goal to enrich their owners
Loteries are a simple business. Owners and organizers of lotteries sell coupons. Half of the funds received for the sale of coupons – they are sent to the prize fund, the remainder they leave to themselves as a profit.
Choosing random numbers helps the “case” – a drum with balls or another way. I do not want to doubt the honesty and integrity of the organizers, but no one doubts that they have an advantage, and the main interest is to pay as little as possible of cash prizes. All these factors provide super-profit lottery owners without financial risk. Looking through a lot of projects built on the Ethereum network, I paid attention to the NeoGame Project associated with lotteries. Though NeoGameand is a lottery – he does not have owners who will make a profit for organizing each lottery. This project makes the lottery non-commercial and autonomous, capable of the continuous and transparent work, with the help of the blockchain-network Ethereum. Since the launch of the project, the team will not be able to manipulate the system and the random number selection algorithm – it will work as an autonomous decentralized eco-system managed by Smart contracts. NeoGame will use its own Token as the currency. The project will not generate profits from the Tokens and the profits of the Token holders will depend on the growth in Token’s demand on the Exchanges
Token NeoGame Ticket Tokens (TKT) has the standard ERC20 and has 3 functions

Purchase of lottery tickets
The Ticket Tokens (TKT) owner purchases a lottery ticket, selects a combination of numbers using a decentralized application, and sends the tokens to the Smart Lottery contract.
Prize fund
The prize fund of the NeoGame lottery consists only of Ticket Tokens (TKT) made for the purchase of tickets and all prizes are paid only in Ticket Tokens (TKT)
Exchange trade
Ticket Tokens (TKT) NeoGame will be represented on stock exchanges and their value is expected to increase due to increased demand.
Ticket Tokens (TKT) are standard ERC20, compatible with any purse that supports the Ethereum tokens. This provides the project with continuity and infinity on the Ethereum chain. Standard lotteries have an unlimited number of tickets. But in NeoGame is limited the number of Tokens. Accordingly, it will be impossible to purchase a coupon, if there are no free tokens for its acquisition. All this will cause an increase in demand and prices for it, as soon as information appears that someone has won the Jackpot Weekly rallies and Mandatory Jackpot payouts are another “plus” of the project, which is strikingly different from the usual lotteries. NeoGame is a complete and independent mechanism capable of accepting bets, drawing rallies and paying out prize tokens according to the algorithm. The system has no interested in profit developers and the algorithm for selecting random numbers does not depend on the team

Moreover – Neogame ( TKT )
Neogame has emerged and fought for a new gaming competition in Asia as the first innovation in the gaming industry, the emergence of the Neogame feature as a fundamental requirement in the world of cryptocurrency. The goal of the new Neogame project is to create a lottery without an organizer or business unit. Neogame will be managed exclusively by intellectual lottery contracts, which independently play games of chance. Blockchain technology is revolutionizing the vision of traditional fiduciary money as it allows the extraction of decentralized digital currencies. The introduction of Bitcoin changed the world and became the gold standard. Although the adoption of cryptocurrency in the general community remains difficult, some service providers are associated with reputational problems. The global transition to digital currency is slow and this revolutionary technology has not yet reached its full potential. The chain of blocks is much more than the cryptodynamic aspect. Blockchain technology has broad applications and simplifies processes and transactions, provides transparency and security, creates unnecessary centralized intermediaries, and reduces transaction costs. However, the economic model, based on blockchain technology, depends to a large extent on the stability of energy supply
Token Analysis
Tokens will have a limited inventory of 500 million TKT. 400 million tokens will go on sale at 4,000 TKT for ETH 1. The funds will be debited to ETH on the basis of a smart chip purchase agreement. Under a reasonable contract, if the soft caps are not reached, the collected funds will be returned to the portfolio that has been taken. Token sales will last 30 calendar days. No discounts and bonuses. Indicator sales will not be presales and tokens will be available to all buyers at the same price. There will be no bonus or bonus chips. Distribution of collected funds Softcover: 2000 ETH. Hardcover: ETH 100,000. The ticket indicators can be printed. Unsold chips will not be released. The distribution of borrowed funds may vary depending on the different token sales scenarios. The target costs are divided into two groups: Group 1: combined software development costs, list of values, legal services and marketing: from 1000 to 4000 ETH. Group 2: purchase of chips for the initial preparation of the prize pool: from 1000 to 96 000 ETH. Group 1 funds will be available immediately after the sale of the tokens. Group 2 funds will be frozen for 3 months, after which they will only be available for refund or refund
Official Links for More Details

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