NeoGame - A nonprofit lottery: No owners, No commission, No people involvedsteemCreated with Sketch.

in #ico2 years ago

Hello everyone, If you are a gambler or are very fond of lottery games, it's good to read my article because I will introduce a Blockchain project called Neogame and what are the benefits of the Neogame project, the following is the explanation:

This project 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’s mission is to transform the global gambling market into a non-profit and no-host model create a space where nobody makes money on games and nobody is interested to chase problem gamers. Neogame is a new lottery game that does not serve any beneficiaries: it has a zero house edge and no one will be able to access the funds: the only way to get them is to guess the winning lottery numbers.

The idea 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. The smart-contract holds funds, gets random numbers and distributes prizes in an absolutely clear linear manner.

This way Neogame eliminates hosts, intermediaries and any business people from the game. There are only players playing with each other and the lottery smart contract that makes the no-commission game possible.

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.

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

  1. 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
  2. An asset making up part of the prize pool. The prize pool consists of Ticket tokens, and all prizes are denominated in TKT.
  3. 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 

 Token specifications

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

Roadmap


Conclusion


The sale of the project tokens is scheduled to begin on October 31, 2018 with the release of a smart contract when purchasing them. The maximum number of generated tokens is limited to 500 million. Comparing with traditional draws Neogame has a number of advantages as a high probability of winning is seven times higher than that offered by popular companies and the jackpot is always played on each game in proportion, even if the players could not guess the right combination of numbers.

In my opinion, this platform offers a brilliant lottery with open actions for all participants, which everyone has long dreamed of, that increase both the number of new players and the amount of funds collected. Also removed the issue of paperwork and the constant loss of lottery tickets, enough to participate from your smartphone and place bets in a couple of clicks.


 Following more information;   


Website: http://neogame.io/en/ 

Whitepaper: http://neogame.io/ru/#whitepaper 

Telegram: https://t.me/joinchat/ITxSOhKY8wWu8zphCIdnWA

Smart Ticket Token Contract: https://github.com/Neogame18/neogame- contracts / blob / master / contracts / Token.sol

Smart Token sales contract: https://github.com/Neogame18/neogame-contracts/blob/master/contracts/Crowdsale.sol

Smart lottery contract draft5: https://github.com/Neogame18/neogame-contracts/blob/master/contracts/NeoGame.sol 


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