Neogame - first non-profit gambling project to change the game

irawati99 (-1)(1)in #neogameblockchainico • 6 years ago

Hello all steemit community,,,,,
Today I want to tell you about a very promising project.This project aims to change the principles of gambling throughout the industry. Isart 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 a need for organizers - people can gamble without intermediaries and claim their winnings without paying komisi.Dengan Neogame launched, we started this transformation process and believe that over time, most of the global gambling industry will adopt non-profit models. The Neogame project stands in contrast to traditional lotteries and we want to show the world how blockchain can be a game changer.

The traditional lottery has a very simple organization. Lottery house sells tickets and allocates about half of the income in the prize Fund, the second half goes to the host. This number may be greater than or less than half, but you can be sure that
The traditional lottery is a game with negative hope. On the other hand, Neoogames are completely different games. This project makes lotteries and stand-alone lotteries, capable of continuous operation and achieving complete transparency through the Ethereum blockchain, that will allocate all funds to the last penny using a clear algorithm written in the lottery smart contract.

Neogame is a lottery without a host. It has no 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), governed by the contract and the pintar owners team.Baik tokens will be able to make it affect the algorithm or draw the results, and no third party will be entitled to receive dividends in the amount of permainan.Neogame to make a profit , and therefore The benefits of token holders will depend only on the rising cost of tokens, which is rotated into the logic of the project.

-Tenpenny growth Token for a better understanding of why tokens should rise in price.
Ethical mission
Organizing and investing in gambling can come with tertentu's ethical issues.Bukan secret that many players become addicted to gambling, social consequences that could possibly be compared to addiction or gambling online alcohol.Perkembangan exacerbates the problem because the game gets easier diakses.Penjudi that addiction can spend more time playing, and in the comfort of their own home. It's the hype and the customer service provided by the casino operator was confused by his drug addiction, and strive constantly to bring the player back to the game problem. According to the National gambling Council, 1% of the US population suffers from pathological gambling addiction, and up to 3% can be said to be a gamer problem.

The gamers problem is the main source of money in the industry and it 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 profits from the market. Once the game industry moves to a decentralized, non-profit model, the game becomes more human - if the game doesn't make money, no party operator is interested in engaging with addicted players.

Most often, lottery players are low-income families from rich countries. For example, low-income families 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 United States, and 20% do so on a regular basis, spending up to $ 50 billion - $ 160 per individual - each year.

Lottery markets are in no hurry to move online, and lottery games are dominant, while new online projects have only a small part of the market. The traditional lottery with a very large house for home about 50% of ticket sales still occupies a major market share. in combination with the new opportunities that are offered, create favorable conditions for the launch of a new, non-commercial gambling project.

The lottery will use their own cryptanalytical - Ticket Token (TKT), which is based on the block-Ethereum chain.
Ticket Tokens are utility tokens that have the following 3 functions:
Lottery tickets. The player buys tokens, selects a digital combination through a decentralized application and sends tokens to a lottery smart contract.

assets included in the prize Fund. The prize pool consists of tokens, tickets, and all prizes are denominated in TKT. The prize pool is very easy to change as far as the token itself does, which allows you to scale the size of the jackpot as a price increase marker.

Cryptanalysis that can be traded with predictable exchange rate fluctuations. TKT will be registered via cryptocurrency exchange and its value is expected to become volatile and be subject to the tracked effects of the token's growth factor.
TKT tokens produced by the standard ERC20 and compatible wallets, which supports tokens based on Ethereum. This allows the project to run smoothly and endlessly on the block-Ethereum chain, without relying on other external factors.
The cyclic drive is related to the nature of the lottery, which shows a regular cycle between winning jackpots, which affects consumer behavior. These drivers work synergistically to increase the cycle of fluctuations in exchange rates. The growth of periodic jackpots. This factor is common to all lotteries: the increase in prizes between the winning jackpot increases the demand for lottery tickets. With Neogame requests for raffle tickets and the price of tokens will rise at the same time. Reducing the number of tokens for free circulation. The standard lottery has an unlimited number of tickets. However, in Neogame the number of tokens is limited by the initial radiation volume. The more tokens in the prize pool, the fewer tickets remain in free circulation.

The regular driver
The increase in the number of players. Given the limited supply of tokens, the increase in players should have a positive impact on the value of TKT. The concept of a non-profit lottery has a number of advantages for players, so we expect other lottery players to switch to Neogame and increase tokens as information about Neogame's distribution in the media and word of mouth
It is expected that a significant difference between TKT tokens and most of the existing cryptocurrency TKT tokens will be widely used by the system itself. For example, the primary functional purpose of Ether is to pay for transactions and services on Ethereum networks. Over the past year, less than 1% of the published Ethers were used for their intended purpose, which is enough for the cryptocurrency to increase both as a currency and as an investment asset.
With Neogame, most tokens, starting from the first game, will be redeemed by the lottery to create a prize pool where they will remain until someone reaches the jackpot. Google is a game with limited resources and significant changes in its availability in the market. Therefore, their vulnerability to the impact of the growth drivers needs to be very high, and it is expected that fluctuations in the exchange rate tokens will also be high.

Neogame was drawn up in the form of Ethereum smart contract. The conditions of a smart contract set algorithm lottery-protected Ethereum block chain, and no future changes. Blockchain provides the highest possible cryptographic protection to date. To crack the blockchain, you need to have resources that exceed half the bandwidth 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 blockchain only theoretically.

Decentralized organization
Neogame is not subject to jurisdiction. This project is not a commercial company, does not have an 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 smart contracts

No jurisdiction
Neogame works as a decentralized Autonomous organization (DAO). This legal status of the organization is not regulated by most laws and regulations, although a number of such projects successfully operate in the cryptocurrency market.

Economic activity is no
Neogame is not a company and will not engage in any economic activity. Attracting profits and taking advantage of business opportunities is not the goal of the project and is not natural.

No manual
Decentralized organizations operate without human intervention. Neogame's smart contract is a complete and independent mechanism that is capable of accepting bets, making lottery prizes and paying out gift tokens according to the algorithm.

More info in:

The Website Neogame:
https://neogame.io
Smart ticket signing contract:
https://github.com/Neogame18/neogame-contracts/blob/master/contracts/Token.sol
The contract of purchase and sale of the Smart Token:
https://github.com/Neogame18/neogame-contracts/blob/master/contracts/Crowdsale.sol
Draft5 smart lottery contract:
https://github.com/Neogame18/neogame-contracts/blob/master/contracts/NeoGame.sol

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