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Author Topic: [ANN][ICO]CLOSING THE PROJECT[NEOGAME.IO]  (Read 10933 times)
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nelsonwilliam
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October 27, 2018, 05:10:10 PM
 #1061

developers propose to develop a new business model that excludes the possibility of earning money for the organizers. This is a completely opposite idea to existing startups. You probably know that about half of the profits from the gambling business are received by those who manage it. NeoGame is a completely autonomous platform with no owners and no jurisdiction. All management is under the control of the blockchain and the smart contract, in which the algorithm of the lottery process is registered.
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October 27, 2018, 05:14:04 PM
 #1062

developers propose to develop a new business model that excludes the possibility of earning money for the organizers. This is a completely opposite idea to existing startups. You probably know that about half of the profits from the gambling business are received by those who manage it. NeoGame is a completely autonomous platform with no owners and no jurisdiction. All management is under the control of the blockchain and the smart contract, in which the algorithm of the lottery process is registered.
who then can change the algorithm of a smart contract? And what if it gets hacked? Can I be sure that my investments will not be affected?
nelsonwilliam
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October 27, 2018, 05:18:09 PM
 #1063

developers propose to develop a new business model that excludes the possibility of earning money for the organizers. This is a completely opposite idea to existing startups. You probably know that about half of the profits from the gambling business are received by those who manage it. NeoGame is a completely autonomous platform with no owners and no jurisdiction. All management is under the control of the blockchain and the smart contract, in which the algorithm of the lottery process is registered.
who then can change the algorithm of a smart contract? And what if it gets hacked? Can I be sure that my investments will not be affected?
hacking is excluded Wink All management actions, again, are on a smart contract. The blockchain adds transparency to this process, so you can see how everything happens, but you cannot influence the progress of the winnings and change anything. It seems to me that this is the right policy.
nelsonwilliam
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October 27, 2018, 05:31:22 PM
 #1064

you are absolutely right. Moreover, the interest will be unequivocal, because decentralized platforms, firstly, are very popular in our time. Blockchain is developing and introducing it into one or another area of ​​the economy, politics and even society shows stunning results.
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October 27, 2018, 05:43:18 PM
 #1065

based on what tokens will grow in price? blockchain projects are now in the cryptocurrency market a great many and it is difficult to determine which of the tokens will go on the stock exchange and show, as you say, staggering growth.
it’s all about the concept and how much a particular startup can solve existing problems in a particular area. I advise you to familiarize yourself with the growth drivers of tokens, which are described in white paper, in order to understand why TKT tokens will grow.
nelsonwilliam
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October 27, 2018, 05:51:29 PM
 #1066

By the way, I noticed that there are even diagrams showing the effect of each driver on growth. I think I really should study this in order to understand the whole system and predict the possible result.
I would also clarify for you that even the holders of tokens cannot influence the algorithm and the results of the draw. In my memory, this is one of the most honest lotteries that ever existed.
nelsonwilliam
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October 27, 2018, 05:59:35 PM
 #1067

as a mathematician with an analytical mindset, I can note that the traditional model is associated with negative expectation. And the process of the usual lottery, when the organizer puts half of the proceeds from ticket sales in his pocket, well, or even about half, already looks losing against the background of the NeoGame platform.
you see, you already notice the existing problems of the gambling business, which are solved by the developers. Add to this the ethical aspect (aggravation of gambling addiction as a result of the development of online gaming) and you will see how productively it can affect the lottery participants' profits. More precisely, think about the target audience that participates in lotteries.
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October 27, 2018, 06:07:51 PM
 #1068

as a mathematician with an analytical mindset, I can note that the traditional model is associated with negative expectation. And the process of the usual lottery, when the organizer puts half of the proceeds from ticket sales in his pocket, well, or even about half, already looks losing against the background of the NeoGame platform.
you see, you already notice the existing problems of the gambling business, which are solved by the developers. Add to this the ethical aspect (aggravation of gambling addiction as a result of the development of online gaming) and you will see how productively it can affect the lottery participants' profits. More precisely, think about the target audience that participates in lotteries.
with respect to the target audience questions just do not arise. 18+ is the first thing that comes to mind. Then there are low-income families, housewives dreaming of an impressive jackpot, and young people who also dream of winning. And all these people are concentrated mainly in rich countries.
moreover, I will call you now the numbers, from which you will be surprised even more. Americans spend up to $ 50 billion annually to buy lottery tickets. Just think about this figure.
nelsonwilliam
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October 27, 2018, 06:16:13 PM
 #1069

I increasingly find confirmation that the lottery market is not moving into the online industry: more and more often these are offline projects that are still traditional and take half the money.
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October 27, 2018, 06:24:17 PM
 #1070

I increasingly find confirmation that the lottery market is not moving into the online industry: more and more often these are offline projects that are still traditional and take half the money.
this is precisely why the current market situation, in combination with the new opportunities opened up with the invention of the blockchain, creates favorable conditions for launching new gambling projects based on a non-profit model.
by the way, with great sales of lottery tickets in the US, you are really cheap. According to the World Lottery Association, annual sales in the lottery business exceed 280 billion US dollars, and continue to grow annually.
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October 27, 2018, 06:39:33 PM
 #1071

you just need to develop this industry, move to new conditions, better, honest and profitable. Then the growth of the market will only benefit, since all participants will have the opportunity to play with each other without the participation of intermediaries.
nelsonwilliam
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October 27, 2018, 06:48:14 PM
 #1072

you just need to develop this industry, move to new conditions, better, honest and profitable. Then the growth of the market will only benefit, since all participants will have the opportunity to play with each other without the participation of intermediaries.
I fully support you. For investors, NeoGame is a particular attraction. For example, the limited emission of TKT tokens and their compatibility with Ethereum wallets will allow them to continuously and indefinitely operate on the Ethereum blockchain, regardless of any external factors.
unfortunately, it seems to me that the limited release of tokens cannot be considered a positive factor. The smart contract in this case does not allow additional emissions of tokens.
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October 27, 2018, 06:57:21 PM
 #1073

you just need to develop this industry, move to new conditions, better, honest and profitable. Then the growth of the market will only benefit, since all participants will have the opportunity to play with each other without the participation of intermediaries.
I fully support you. For investors, NeoGame is a particular attraction. For example, the limited emission of TKT tokens and their compatibility with Ethereum wallets will allow them to continuously and indefinitely operate on the Ethereum blockchain, regardless of any external factors.
unfortunately, it seems to me that the limited release of tokens cannot be considered a positive factor. The smart contract in this case does not allow additional emissions of tokens.
however, this will allow you to track the factors in which tokens show growth, and this will affect the prize pool.
you are absolutely right, I did not think about it at all. The prize fund is really volatile to the same extent as the token itself, and, therefore, the size of the jackpot can increase significantly in the course of the growth of the value of the TKT tokens.
nelsonwilliam
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October 27, 2018, 07:05:06 PM
 #1074

As far as I understand, the prize fund is formed not so much due to the invested funds, as due to the redemption of tokens. I have never heard of such a system, but I am sure that this is the perfect deal when all the targeted funds will be spent after the tokensale, excluding funds for promotion and development.
by the way, the developers expect that precisely the redemption of tokens will entail a significant increase in their value, as well as the value of tokens remaining in free circulation.
nelsonwilliam
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October 28, 2018, 08:26:38 AM
 #1075

Millions of people all over the world use casino and lottery services as leisure time. People often do not aim to make a profit, they want to get emotions and are willing to pay for it.
nelsonwilliam
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October 28, 2018, 08:36:48 AM
 #1076

Millions of people all over the world use casino and lottery services as leisure time. People often do not aim to make a profit, they want to get emotions and are willing to pay for it.

Yes, but it becomes uncomfortable when people find out that they were deceived, or the casino operating system obviously only played into the hands of the casino owner. This is the most offensive moment

That is why if this project will have a good development among other projects - we will be able to get excellent project that will control it.
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October 28, 2018, 08:53:44 AM
 #1077

Millions of people all over the world use casino and lottery services as leisure time. People often do not aim to make a profit, they want to get emotions and are willing to pay for it.

Yes, but it becomes uncomfortable when people find out that they were deceived, or the casino operating system obviously only played into the hands of the casino owner. This is the most offensive moment

That is why if this project will have a good development among other projects - we will be able to get excellent project that will control it.

Even the project itself will not control, a unique technology will be created that will be supported by the blockchain system, which will allow anyone to view all open transaction data

That is why this project should be popular against the background of other projects. The most important point is that as many people as possible know about the project!
nelsonwilliam
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October 28, 2018, 09:02:59 AM
 #1078

I saw that users write that this project will be beneficial for the user because there will be no owners in the casino and lotteries and, accordingly, theft

You are partly right. With the advent of blockchain technology is no longer required. organizers - people can play without intermediaries and demand their winnings free commission
nelsonwilliam
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October 28, 2018, 09:11:32 AM
 #1079

I saw that users write that this project will be beneficial for the user because there will be no owners in the casino and lotteries and, accordingly, theft

You are partly right. With the advent of blockchain technology is no longer required. organizers - people can play without intermediaries and demand their winnings free commission
Quite an interesting technology, especially for such a sphere. I never thought that a casino could be represented using a blockchain. I had no idea how this is possible

You see, in fact, this technology is unique and can be used to improve any sphere of our life, even casinos and lotteries. I am not fond of this, but I am sure that people who are interested in it will be happy to have such a project!
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October 28, 2018, 09:19:01 AM
 #1080

At the moment, how many tokens can I get when investing 10 Ethers? I have not found information about this moment in the project. Answer required!
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