NEOGAME: Blockchain for Non-Profit Gambling

NEOGAME PROJECT

The Neogame project makes a non-profit and autonomous lottery, capable of operating continuously and achieving full transparency through Ethereum blockchain. This will allocate all funds to the last penny, using clear algorithms written into smart lottery contracts. Neogame's mission is to turn the global gambling market into a non-profit model and no host creates a space where no one makes money for games and no one is interested in pursuing a problem player.
Neogame is a new lottery game that does not serve beneficiaries: it has a zero edge and no one can access funds: the only way to get it is to guess the winning lottery number. The idea of ​​a new Neogame project is to make lotteries that don't have an organizer, and not a business unit at all.
Neogame will be governed solely by smart lottery contracts, which autonomously execute game logic. Smart contracts hold funds, get random numbers and distribute gifts in a truly clear linear way. In this way Neogame removes hosts, brokers, and every businessman from the game. There are only players who play with each other and lottery smart contracts that allow games without commissions.
Neogame will function using Ticket Tokens as both a lottery ticket and prize fund currency.
Neogame is the only lottery that will work on a non-profit base that provides ALL funds. The most popular lotteries provide a very low chance of winning the jackpot. By reducing the number of possible combinations, Neogame increases the chances of winning the jackpot.
The possibility of winning the jackpot with Neogame is 7 times higher compared to Powerball, the most popular lottery in the world. Especially in the US, don't give the winner the amount advertised, but offer payment of annuities for decades. If the winner wants to receive their prize as a sum at once, they will face certain bureaucratic procedures and their victory will be much lower. The winner of Neogame can take the full prize with one click after the draw.

NEOGAME FEATURES

Lotteries operate on smart contracts Ethereum

Along with the lottery launch, the project team will release a decentralized application that will maintain a non-profit lottery operation and all functions provided by the smart contract. To automatically participate in the next lottery, users send Ticket tokens to the system through a decentralized application, entering a combination of numbers according to the lottery rules. Once inside the system, tokens are added to the prize pool. The prize pool is stored in the lottery smart contract, and no one has access to it. The only way to get tokens from smart contracts is to participate in sweepstakes and win prizes.
The drawing time depends on the number of Ethereum blocks that have been completed since the last lottery. Information about winning tickets is always updated in a decentralized lottery application.

Security

Smart contract provisions governing the lottery algorithm are protected by Ethereum blockchain, and there are no changes in the future. The Blockchain ensures the highest cryptographic protection to date. To hack the blockchain, one must have more than half the capacity of the entire Ethereum network, which is supported by millions of miners around the world. No person or organization that has such resources and hacking blockchain is only possible theoretically.
Logic withdrawal and generate random numbers reduce system vulnerabilities and protect against possible fraudulent actions from miners or hacker attacks. Before launching the lottery, the smart contract will undergo comprehensive testing by the White Hat service for hack resistance. Using functional tokens as a lottery cryptocurrency operation is another layer of protection that makes hacking useless.

Responsible Gaming

Neogame does not plan aggressive marketing campaigns targeted at players, as opposed to our ethical mission. For this purpose, there will be an initial advertising campaign aimed at removing viewers from the lottery that generates profits to Neogame. The campaign will run for several months after the lottery launch until the target budget is spent. The lottery will stop direct advertising and rely on organic entry from traditional lotteries to further increase the number of players. The initial advertising campaign will be based on responsible game principles.
"Don't let the game play you" is a mandatory message in all Neogame ad campaigns, and 18 messaging will also be used on all advertising materials. TKT does not position itself as an investment asset and has no plans to advertise itself like that.

Decentralized organization

This project is not a commercial company, has no owner, does not engage in economic activities, and does not receive profits. Neogame operates as a decentralized autonomous organization. The legal status of such organizations is not governed by most legislation, although a number of similar managed projects also operate successfully on the cryptocurrency market.
Neogame is not a company and will not carry out any economic activities. Making profits and using business opportunities is not the goal of the project and is not possible according to its nature. The project team that launched the lottery released any ownership and management rights to this project after its launch. The project team and token holders will not be entitled to dividends from project operations, or to have control of a decentralized organization.

TKT TOKEN

TKT supplies are limited to 500 million units and no further tokens can be issued in accordance with the terms of the smart contract. If the game gets popularity, the token exchange rate will increase, as happens at any time in any market when demand increases meet limited supply.
The remaining funds will be spent to purchase TKT tokens to form the initial prize fund. Repurchases will be made at the exchange rate and will not stop until the full amount is spent. This must make a big positive impact on the token exchange rate.
Ticket Token Value must be predictably up and down. They will probably tend to grow between jackpot wins when prize funds increase and fewer tokens are available in free circulation.

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