This project is designed to disrupt the for-profit model of gamblingWe 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.
Waiver of ownership rightsThe project team does not claim any ownership rights over Neogame. After the project is launched, the lottery will belong to the public: lottery players' and token holders' community. However nobody will have ownership rights over Neogame as well as nobody can affect the game.
Ethical MissionGambling addiction and problem gambling is a worldwide social issue, and this project is that designed to fight against irresponsible gambling. When the world gambling market converts to a nonprofit model, nobody will chase up gambling addicts anymore. This is our effort to make the world a better and happier place.
Project TimelineHere are the milestones for Neogame
The team developed the initial concept, drawing inspiration from fairly decentralized blockchain projects. The concept development was focused on two main goals. The first was creating a game that is fully autonomous, does not generate profits for the organizer or any third party, and has the opportunity to form a jackpot huge enough to become newsworthy. The second goal was the development of a token concept that provides clear growth potential to attract as many backers as possible. These goals provide the basis for the whitepaper that contains a detailed description of the concept.
We have drafted a test version of the lottery smart contract and hosted it on Github. The code is written in Solidity, a programming language for Ethereum smart contract development. Our backers and blockchain enthusiasts are welcome to review the code. Anyone who finds any holes before release will be awarded TKT 50,000.
31 October at 6pm Central European Time we start the crowdsale of Ticket Tokens. Maximum emission volume is TKT 500 million. During the token sale, tokens will be offered at about $0.1. Crowdsale will run for one month. TKT tokens are mintable and unsold token will not be generated.
By the end of November our version of DApp will be fully workable on Ethereum testnet with a pre-release lottery smart contract.
We start the initial advertising campaign before the lottery launch and it will be ongoing for several months. The pre-release part of the campaign will be targeted at early players that can take part in the very first draws. After the budget for the initial campaign runs out, direct advertising of Neogame will stop permanently to follow the ethical mission stated above.
We are planning to crowdfund up to $40 million in Ether. No more than $2 million in total is allocated to software development, listing on exchanges, legal advice, or marketing. Up to $38 million remains for prize fund formation. A few weeks before the first draw, we will start spending the up entire budget on Ticket Token buyback to form an initial Neogame prize pool.
The project will be open for account registration and player acceptance a week before the first draw. As of the launch date, the Neogame project becomes autonomous and independent of the project team and any third party, exclusively governed by the lottery smart contract with no possibility of further human intervention.