Neogame - Blockchain for Non-Profit Gambling

TKT Tokens
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 decentralized 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. The prize pool is volatile to the same extent as the tokens themselves, which allows for scaling the size of the jackpot should the tokens increase in price.
• A tradable crypto asset with predictable exchange-rate fluctuations. TKT will be listed on cryptocurrency exchanges, and its value is expected to be volatile and subject to the effects of traceable factors
  TKT tokens are issued under the ERC20 standard, and compatible with any wallet that supports Ethereum-based tokens. This allows the project to function uninterruptedly and indefinitely on the Ethereum blockchain, independent of any other external factor. 80% of the tokens is foreseen for sale.
  Buyback of tokens
  To form the initial prize fund, tokens will be purchased back from holders, and all funds collected in the token sale, minus funds allocated for development and promotion, will be channeled towards this. The buyback will start a month before the first Neo-game draw, and will continue until all funds are spent. We expect token buyback to significantly influence the TKT exchange rate, which will lead to an increase in the value of the prize pool, which may be many times higher than the sum of the funds spent on its formation, and the tokens that remain in circulation. In this way, Neo-game can create one of the largest jackpots in the history of lotteries.
  Token growth drivers
  The token sale will offer a rate of 2,000 tokens per ETH. This is the initial price for a lottery ticket, and will be subject to changes in response to supply and demand. Further changes in TKT value will be affected by drivers, which can be divided into 4 types:
• non-recurrent – buyback of tokens and size of initial jackpot;
• cyclical – periodic jackpot growth and reduction of the number of tokens in free circulation;
• random – mandatory jackpot payouts, if the number of active tokens in the game surpass 70% and decreased number of active tokens, due to tokens become stuck in the wallets of users;
• permanent – increase in number of players and crypto assets market growth.
  According to whitepaper https://neogame.io/wp-content/uploads/2018/09/Neogame_eng_10Sep18.pdf, planned Soft cap is ETH 4,000 and planned Hard cap is ETH 200,000.
  In comparison with traditional lotteries, neo-game lottery does not have organizers, terms are stated in smart contract and transparent, prize will be received in full size, with a single click, there is no significant financial loss related to organizer and neo-game does not take any of the profit, compared to traditional lotteries.
  Neogame https://neogame.io operates as decentralized autonomous organization, with no jurisdiction, no economic activity, no management and no owners.