Greetings from the community, in this post I will introduce the NeoGame project, here is the explanation:
This project is designed to disrupt the for-profit model of gambling
We are kick-starting this process and we strongly believe all gambling will shift to a non-profit model in the future. Since blockchain was invented, people can play with each other directly, with no organizers and intermediaries. There is no longer any reason to play lotteries and other games that serve somebody else's interests.
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.
Features
It's new and it's different
Fully autonomous
Based on Ethereum smart contracts, the lottery will exist as long as blockchain exists. It doesn’t need centralized management, it will just gather funds from tickets sold and distribute them all among winners according to a fair and clear algorithm. Neogame will not serve any beneficiaries: nobody has access to its funds other than by correctly guessing WINNING lottery numbers.
Scalable Jackpots
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.
Zero Commission
No lottery in the world offers such conditions for players as Neogame. It gives all raised funds to winners, while other lotteries usually leave 50% of funds for themselves and their projects. Moreover it’s up to 7 times more likely to win a jackpot with Neogame than with most popular lotteries. It is fully anonymous and winners can take their prizes immediately.
Technology
Using Blockchain
Ethereum network and smart contracts
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.
Token Information
Project Timeline
Here are the milestones for Neogame
For More Information:
WEBSITE: http://neogame.io/en/
TELEGRAM: https://t.me/neogame_bounty
Bitcointalk name : cold_murchete
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