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.

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.

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.

Using BlockchainEthereum 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. 

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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. 

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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.

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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.

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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.

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Here is the last version of Neogame whitepaper.

How we plan to make tokens grow

Supply is limited

TKT supply is limited to 500 million units and no further tokens can be issued according to the smart contract terms. If the game gains popularity, the token exchange rate should increase, as happens every time on any market when increased demand meets limited supply.

We buy them back

The tokensale hard cap is about $40M in Ether. Only up to $2M are allocated to software development, listing on exchanges, marketing and legal advice. The remaining funds (up to $38M) will be spent on buyback of TKT tokens to form the initial prize fund. The buyback will be done at the exchange rate and will not stop until the full amount is spent. This should make a great positive impact on the tokens’ exchange rate.

Predictable fluctuations

Ticket Tokens values should predictably go up and down. They will probably tend to grow between jackpot wins as the prize fund grows and fewer tokens are available in free circulation. And they will likely to decrease in value after someone wins a jackpot and sells all the prize to other currencies.

Project TimelineHere are the milestones for Neogame


CompetitionHere we compare Neogame with the current market leaders

Neogame

Powerball

Megamillions

Euromillions

Eurojackpot

Prize/Sales Ratio
100%50%50%50%45% to 55%
Ownership
No ownersState ownedState ownedMixed private and stateMixed private and state
Ticket Price
Fluctuating exchange rate$2$2€2.5€2
Winning Odds
1:40,044,5641:292,201,3381:258,000,0001:139,838,1601:95,344,200
Prize Claim
Immediately180 days to several years. Lump sum discount 36.4%180 days to several years. Lump sum discount 36.6%90 days60 days

Bonuses and Discounts

We are sorry, but we do not have a presale stage and are not offering any bonus tokens or discounts on the token sale. Our goal is to create an awesome fast-growing distributed project that gives equal opportunities to all supporters.