Brief description of the project
This project is aimed at changing the principles of gambling in the whole industry. The gambling business has always been based on the "dog-edge" - the principle that casinos or organizers always have an advantage. Blockchain With the advent of technology, there is no longer need for organizers - people can gamble without intermediaries and claim their winnings without paying komisi.Dengan Neogame is launched, we started this process of transformation and believe that over time, much of the global gambling industry games will take non-commercial models. The Neogame project stands in contrast to traditional lotteries, and we want to show the world how a blockchain can be a game changer.
The traditional lottery has a very simple organization. The lottery house sells tickets and allocates about half of the revenue to the prize fund, the second half goes to the host. This number may be more or less than half, but you can be sure that
Traditional lotteries are a game with negative hope. On the other hand, Neoogames are completely different games. This project makes lottery and stand-alone drawings, is able to work continuously and achieve full transparency through the Ethereum block chain, which will allocate all funds for the last penny, using a clear algorithm written in a lottery smart contract.
Neogame is a lottery without a host. He does not have a third-party owner or recipient. Once the project is launched, the team will lose control of the lottery, and the project will not start working as a decentralized autonomous organization (DAO), is governed by the contract and the team owners of pintar.Baik tokens will be able to do this affects the algorithm or draw results, and neither one third party will be entitled to receive dividends in the amount of not permainan.Neogame to make a profit, and therefore, the advantages of the marker holders will depend only on the rising value of the tokens that is rotated into the logic of the pr One.
-Thinny Token growth - for a better understanding of why tokens should grow in value.
Ethical mission
Organizing and investing in gambling can come with ethical problems tertentu.Bukan the secret that many players become addicted to gambling, social consequences that could perhaps be compared with drug addiction or gambling online alkohol.Perkembangan exacerbates the problem, because the game becomes easier diakses.Penjudi that addiction can spend more time on the game, and in the comfort of their own home. This obsessive advertising and customer service provided by the casino operator confused him from addiction, and also strive to constantly attract the player back to the game task. According to the National Council for Gambling, 1% of the US population suffers from pathological dependence on gambling, and up to 3% can be said to be a gamer problem.
The problem of gamers is the main source of money in the industry, and this will continue as long as gambling remains a profitable business. Non-profit projects to create gambling in notebooks will be
They can gradually suppress operators who are guided by profit from the market. After the gaming industry moves to a decentralized non-profit model, the game will become more humane-if the game does not make money, no party operator is interested in dealing with dependent players.
market
Because of the simplicity and high profitability of business lotteries in many countries, this industry is monopolized by the state without alternative operator access.
Market size
According to the World Lottery Association, annual sales in the lottery business exceed $ 280 billion and continue to grow every year. According to TechNavio, market growth (CAGR) from 2017 to 2021 is estimated at 9% in tahun.Lotere is a huge industry that includes one-third of the world's gambling business. The lottery market is massive and stable, not subject to major changes for many years.
Who's playing?
Most often, lottery players are low-income families from rich countries. For example , families with low incomes in the US spent up to 9% of their income on lottery tickets. About 60% of people over the age of 18 (90 million people) play the lottery in the US, and up to 20% do it on a regular basis, spending up to $ 50 billion - $ 160 for an individual - every year.
A typical business model
Lottery markets are in no hurry to go online, and lottery games are dominant, while new online projects have only a small part of the market. A traditional lottery with a very large house for home with about 50% of ticket sales still holds the bulk of the market. in combination with the new opportunities offered, create favorable conditions for launching a new, non-commercial gambling project.
Specification of the token
The lottery will use its own crypto currency - Ticket Token (TKT), which is based on the Ethereum block chain.
Ticket Tokens are utility tokens that have the following 3 functions:
1) Lottery tickets. The player buys tokens, selects a digital combination through a decentralized application, and sends the tokens to a lottery smart contract.
2) Assets included in the prize fund. The prize pool consists of ticket tokens, and all prizes are nominated in TKT. The prize pool is very easy to change, as much as the token itself does, which allows you to scale the size of the jackpot as a marker of price increases.
3) Cryptanalysis, which can be traded with predictable fluctuations in the exchange rate. TKT will be registered with the exchange of crypto-currencies, and its value is expected to become volatile and will be subject to the monitored effects of the token growth factor.
Tokens TKT are manufactured according to the ERC20 standard and are compatible with wallets that support Ethereum-based markers. This allows the project to run smoothly and endlessly on the Ethereum block chain, without relying on other external factors.
radiation
There will be limited emissions of 500 million tokens. Smart contracts do not allow additional
ejection tokens in the future.
DISTRIBUTION OF TOKENS
sale of tokens (80%) 400 million
team (10%) 50 million
Advisor (5%) 25 million
generosity and air drop (5%) 25 million
The driver of the cycle
The cyclic drive is associated with the character of the lottery, which shows a regular cycle between winning jackpots, which affects the behavior of consumers. These drivers work synergistically to increase the cycle of fluctuations in exchange rate exchange rates. The growth of periodic jackpots. This factor is common to all lotteries: increasing the prizes between the winning jackpot increases the demand for lottery tickets. With Neogame, requests for lottery tickets and prices for tokens will grow at the same time. Reducing the number of tokens for free circulation. In the standard lottery there is an unlimited number of tickets. However, in Neogame the number of tokens is limited by the initial volume of radiation. The more tokens in the prize pool, the fewer tickets remain in free circulation.
Permanent driver
Increase the number of players. Given the limited stock of tokens, the increase in players should positively affect the value of TKT. The concept of a non-commercial lottery has a number of advantages for players, so we expect that other lottery players will switch to Neogame and increase tokens, as information about the distribution of Neogame in the media and word of mouth
Answer to the driver.
It is expected that a significant difference between the TKT tokens and most of the existing crypto-currency TKTs will be widely used by the system itself. For example, the main functional purpose of Ether is to pay for transactions and services in Ethereum networks. Over the past year, less than 1% of the published Ethers were used for their intended purpose, which is enough to increase the Crypto currency both as a currency and as an investment asset.
With Neogame, most tokens, starting with the first game, will be redeemed by the lottery to create a prize pool, where they remain until someone reaches the jackpot. Google - a game with limited resources and significant changes in its availability in the market. Therefore, their vulnerability to the impact of driver growth must be very high, and it is expected that the exchange rate fluctuations of tokens will also be high.
Neogame was compiled in the form of an intelligent contract Ethereum. The terms of the smart contract establish a lottery algorithm, protected by the block chain Ethereum, and there is no future change. Blockchain provides the maximum possible cryptographic protection for today. To crack the block chain, you need to have resources that exceed half the throughput of the entire Ethereum network, which is supported by millions of miners around the world. There are no people or organizations from these resources, and therefore, it is possible to hack the blockage theoretically only.
Decentralized organization
Neogame is not subject to jurisdiction. This project is not a commercial company, has no owner, does not carry out economic activities and does not take profit. Neogame is regulated without control, and all transactions are based on rules and algorithms that are implemented in intellectual contracts
No jurisdiction
Neogame operates as an autonomous decentralized organization (DAO). This legal status of the organization is not regulated by most laws and regulations, although a number of similar projects successfully operate on the crypto-currency market.
There is no economic activity
Neogame is not a company and will not engage in any economic activity. The attraction of profit and the use of opportunities for business are not the goal of the project and are not natural.
No guide
Decentralized organizations operate without human intervention. Neogame's clever contract is a complete and independent mechanism that is able to accept bets, make lottery prizes and pay gift vouchers in accordance with the algorithm.
No guide
Decentralized organizations operate without human intervention. Neogame's clever contract is a complete and independent mechanism that is able to accept bets, make lottery prizes and pay gift vouchers in accordance with the algorithm.
More information:
➤ Website : https://neogame.io
➤ Technical documentation : https://neogame.io/wp-content/uploads/2018/08/Neogame_WhitePaper-Aug18.pdf
➤ Telegram group : https://t.me/neogame_tkt
➤ Bitcointalk thread : https: //bitcointalk.org/index.php topic = 4861898,0
My Bitcointalk (Ar rahman) : https://bitcointalk.org/index.php?action=profile;u=1977525
