BACKGROUND
The organisation and investment in gambling may come with certain ethical issues. It is no secret that many players become addicted to gambling, the social consequences of which can arguably be compared to drug or alcohol addiction.
The development of online gambling only worsens the problem as games become more accessible. The advertisements and intrusive customer service rendered by casino operators make it difficult to fight the addiction, and strive to continually drag problem gamers back into the game.
According to the National Council on Problem Gambling, 1% of the US population suffers from a pathological dependence on gambling, and up to 3% can be said to be problem gamers.
Problem gamers are a major 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 be able to squeeze profit-driven operators out of the market. Once the gaming industry moves to a decentralized, non-profit model, games will become more humane - if the game does not make money, no party operator will be interested in pursuing addicted gamers.
NEOGAME PROJECT
Neogame project makes the lottery non-profit and autonomous, capable of continuous operation and achieving full transparency via Ethereum blockchain. Neogame will not generate a profit and token holders' profits will depend only on growth in token value, which is tapped into the project logic.
Neogame is a lottery with no host. It has no owners or third-party beneficiaries. As soon as the project is launched, the team will lose control over the lottery, and the project will start working as a decentralized autonomous organisation (DAO), governed by a smart contract. Neither the team nor token holders will be able to affect the algorithm or draw results, and no third party will be entitled to any dividends from the game.
The Neogame project stands in contrast to traditional lotteries, with the advent of blockchain technology, there is no longer any need for organizers – people can gamble without intermediaries and claim their winnings without paying commission.
TKT TOKEN
The lottery will use its own cryptocurrency - Ticket Token - which is based on the Ethereum blockchain. Ticket Token is a utility token that has the following 3 functions:
- A lottery ticket. A player buys tokens, chooses a combination of numbers via a decentralised application, and sends tokens to the lottery's smart contract.
- An asset making up part of the prize pool. The prize pool consists of Ticket tokens, and all prizes are denominated in TKT. The prize pool is volatile to the same extent as the tokens themselves, which allows for scaling the size of the jackpot should the tokens increase in price.
- A tradable cryptoasset. TKT will be listed on cryptocurrency exchanges, and its value is expected to be volatile and subject to the effects of traceable factors.
TKT tokens are issued under the ERC20 standard, and are compatible with any wallet that supports Ethereum-based tokens. Tokens will have a limited supply of 500 million TKT. 400 million tokens will be offered for sale at a rate
of TKT 4,000 per ETH 1.
Funds will be collected in ETH on the token sale smart contract. According to the smart contract, if the soft cap is not reached, Ether funds collected will be returned to the wallets they were collected from.
The token sale will last for 30 calendar days.
Token Distribution
For more information, you can visit the following links:
WEBSITE: http://neogame.io/
WHITEPAPER: https://neogame.io/wp-content/uploads/2018/08/Neogame_WhitePaper-Aug18.pdf
ANN TREAD: https://bitcointalk.org/index.php?topic=4861898.msg43813589#msg43813589
BOUNTY THREAD: https://bitcointalk.org/index.php?topic=4938669.0
TWITTER: https://twitter.com/neogame11/
TELEGRAM: https://t.me/neogame_tkt
FACEBOOK: https://web.facebook.com/groups/1976299652664640/
Author: Binar Bumi
Bitcointalk Username: binar234
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2053245
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