Dunia Crypto: NEOGAME

This project seeks to change the principles of gambling throughout the industry.

The gmbling business is always based on "house edge" - the principle that casinos or organizers always have an advantage.

With the aadvent 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 start 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.

See section 2.3. - Token growth driver - for a better understanding of why tokens must grow in value

Organizational ethical mission , and investment in gambling may come with certain ethical problems.

It's no secret that many players become addicted to gambling, a social consequence that can be said to be compared to drug or alcohol addiction.

The development of online gambling exacerbates the problem as games become more accessible.

Addicted gamblers can spend more time playing, and in the comfort of their own homes.

The intrusive advertising and customer service provided by casino operators makes it difficult to fight addiction, and tries to keep dragging the problem players back into the game.

According to the National Council on Gambling Problems, 1% of the US population suffers from pathological dependence on gambling, and up to 3% can be said to be a problem player.

Gamers are the main source of money in the industry, and this will continue as long as gambling remains a profitable business.

Non-profit blockchain gambling projects will gradually reduce the profit-driven operators of the market. After the gaming industry moves to a decentralized and not-for-profit model, the game will become more human - if the game is not made

money, no party operator is interested in pursuing addicted players.

Typical business models

Lottery markets are not in a hurry to move online; offline lotteries are dominant, while new online projects only have a small portion of the market.

Traditional lottery, with a very large house edge around 50% of ticket sales, still holds the main market share.

Current market conditions, coupled with new opportunities that can be offered, create favorable conditions for launching new non-profit gambling projects.

Lottery Token Specifications will use their own cryptocurrency - Ticket Token (TKT) - which is based on the Ethereum blockchain.

Ticket Tokens are utility tokens that have the following 3 functions:

1) Lottery tickets. A player buys a token, selects a number combination through a decentralized application, and sends tokens to the lottery smart contract.

2) Assets that are part of a prize pool. The prize pool consists of Ticket tokens, and all prizes are denominated at TKT. Gift talent changes to the same level as the token itself, which allows to measure the jackpot size if the token increases the price.

3) A cryptoasset that can be traded with predictable exchange rate fluctuations. TKT will be registered on a cryptocurrency exchange, and its value is expected to change and is subject to the effects of traceable factors (see section 2.3 - Token growth drivers).

TKT tokens are issued based on ERC20 standards, and are compatible with any wallet that supports Ethereum-based tokens. This allows the project to function uninterruptedly and indefinitely on the Ethereum blockchain, regardless of other external factors.

Token

Token sales will have a limited inventory of 500 million TKT. 400 million tokens will be offered for sale at a price of 2,000 TKT per ETH 1. Funds will be collected in ETH on token sales contracts. According to a smart contract, if soft caps are not reached, Ether funds collected will be returned to the wallet taken from them.

Token sales will last for 30 calendar days.

No discounts and bonuses

Sales of tokens will not have a pre-sale stage, and tokens will be available to all buyers at the same price. No discounts or bonus tokens will be available

Allocation of funds collected

Soft cap: ETH 4,000.

Hard cap: 200,000 ETH.

Ticket tokens can be printed. Unsold tokens will not be produced.

Allocation of funds collected can differ depending on various token sales scenarios. Target costs are divided into two groups:

Group 1: Combined costs for software development,

listing on exchanges, legal and marketing services: ETH 2,000 to 8,000.

Group 2: Token buyback for initial prize collection formation: ETH 2,000 to 192,000.

Group 1 funds will be available immediately after the token sale.

Group 2 funds will be frozen for 3 months, after which they will be exclusively available for repurchase.