[ANN][ICO]CLOSING THE PROJECT[NEOGAME.IO]

[nelsonwilliam]

I understand that they plan to hold such a lottery on an ongoing basis, am I right? How often will this happen?

As far as I understand, they plan to hold a new lottery every week, but the time of the draw is set based on the number of closed blocks of the air since the last draw. Therefore, the time may vary slightly when changing the frequency of closing blocks in the Ethereum network.

That is, the lottery will be held every week, but the moment of the draw may take place at different times, I understand correctly?

[hunterajah]

Good day to all members of the community! How do you think will this project somehow affect the gambling industry?

anyway this project will lead the industry to the non-profit model and by removing intermediaries change the rules

[nelsonwilliam]

Good day to everybodyl! As I understand it, the goal of this project is to repel from the traditional model and transition to a new system. If so, what is meant by the traditional system in the gambling business.

you probably know that in the gambling business most of the winnings are given to the organizers. Here the system will be completely decentralized, and the business model will be non-profit.

[hunterajah]

Good day to all members of the community! How do you think will this project somehow affect the gambling industry?

anyway this project will lead the industry to the non-profit model and by removing intermediaries change the rules

  I know for a fact that non of the existing casinos will work for entertainment of people, not for big income

Exactly! That is why Las Vegas is not the Entertainment Capital of the World, but the city of fraudulent activity.

[nelsonwilliam]

Good day to everybodyl! As I understand it, the goal of this project is to repel from the traditional model and transition to a new system. If so, what is meant by the traditional system in the gambling business.

you probably know that in the gambling business most of the winnings are given to the organizers. Here the system will be completely decentralized, and the business model will be non-profit.

is it non-profit for the organizers? But will it make sense for them to form this platform? How will this project work as a whole and who will manage this business model?

it's all about the blockchain, which will help people play among themselves without the participation of intermediaries and third parties. From this it follows that this business model is non-commercial.

[nelsonwilliam]

I would also like to clarify the following kind of question. How long will the lottery exist? Theoretically, I understand that this process will occur as long as there are a sufficient number of interested participants.

you know, 100% interested participants will be enough: the lottery has a prize fund, which is formed from the funds collected for the purchase of tokens. There is an indisputable advantage of the blockchain: the lottery will exist as long as the blockchain exists.

[nelsonwilliam]

explain to me also the following point: will the amount of winnings increase with an increase in the cost of tokens? On what scale is it proportional?

[nelsonwilliam]

explain to me also the following point: will the amount of winnings increase with an increase in the cost of tokens? On what scale is it proportional?

in this case, the jackpot is scaled in proportion to the cost of tokens, but in the case of significant growth, the size of the jackpot can reach fantastic sizes.

it is a pity, that the emission of tokens is limited: there are only 500 million pieces. But I think that this is precisely why the developers intend to work on increasing their value. Also pleased that NeoGame uses its own cryptocurrency

[nelsonwilliam]

I got acquainted with similar projects and made sure that no platform, except NeoGame, offers such favorable conditions: apart from an unusual business model, there is a high probability of winning the jackpot.

[nelsonwilliam]

I got acquainted with similar projects and made sure that no platform, except NeoGame, offers such favorable conditions: apart from an unusual business model, there is a high probability of winning the jackpot.

moreover, the chance is 7 times higher than that of popular lotteries. In addition, the game is completely anonymous, so you can collect your winnings immediately after the draw.

I remembered that you asked a few posts above about who controls this organization, and I did not answer you anything. From a legal point of view, NeoGame does not belong to any jurisdiction and does not belong to any firms. There will be no management and management of this organization.

[nelsonwilliam]

I got acquainted with similar projects and made sure that no platform, except NeoGame, offers such favorable conditions: apart from an unusual business model, there is a high probability of winning the jackpot.

moreover, the chance is 7 times higher than that of popular lotteries. In addition, the game is completely anonymous, so you can collect your winnings immediately after the draw.

I remembered that you asked a few posts above about who controls this organization, and I did not answer you anything. From a legal point of view, NeoGame does not belong to any jurisdiction and does not belong to any firms. There will be no management and management of this organization.

so you mean that the lottery will belong to the public? But someone has to influence her work? What if a technical problem occurs, who will be responsible for a possible negative result?

yes, the project team waives ownership rights. Yes, NeoGame will belong to the public, namely to the lottery players and tokens owners. Yes, no one can influence the operation of the platform. There will be no technical problems, because the algorithm of the smart contract, which cannot be changed, will be registered.

[nelsonwilliam]

should examine more carefully the white paper, because it is there that stores all the details about this platform and answers to frequently asked questions. Be sure that you will be able to understand this project in the shortest possible time.

by the way, I would like to point out one of the reasons for people to fear when entering the market: they are worried about a lot of information and, in order not to look like “hamsters”, are just in the shadows.

[nelsonwilliam]

friends, explain to me the work of a smart contract in this platform. I know about these functions only remotely and only the information that is provided on the website, and I would like to learn more from the words of knowledgeable people.

[nelsonwilliam]

What can you say about competitors? Do they even have this platform or this unique offer that has no analogues among blockchain projects?

[hunterajah]

I would like to know a bit more about this non-profit model, because if the platforms has developers it means that the system will make money for those who hold it.

[nelsonwilliam]

What can you say about competitors? Do they even have this platform or this unique offer that has no analogues among blockchain projects?

as far as I understand, NeoGame is not even comparable to its counterparts, but nevertheless, the site has a summary table, clearly showing how much more profitable it is to participate in NeoGame. The comparison comes with such eminent lotteries as Powerball, Megamillions, EuroMillions and Eurojackpot.

I had the pleasure of hearing only about Powerball. The main difference between them and NeoGame is all state, and there is no one in the property of NeoGaim, as mentioned above. I am glad that the price of a ticket depends on the market rate, and getting the winnings can be instant.

[hunterajah]

I would like to know a bit more about this non-profit model, because if the platforms has developers it means that the system will make money for those who hold it.

The 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.

I see that the team of developers will abandon the platform, but still I have given no information about non-profit model of this lottery

[nelsonwilliam]

however, the implementation timeline seems to me to be slow. maybe I'm wrong. How do you think?

[hunterajah]

I would like to know a bit more about this non-profit model, because if the platforms has developers it means that the system will make money for those who hold it.

The 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.

I see that the team of developers will abandon the platform, but still I have given no information about non-profit model of this lottery

There is no reason to play lotteries and other games that serve somebody else's interests.

It is really nice to have quick answer on my question. Idea is interesting and I see that not only I interested by this project

[nelsonwilliam]

friends, let me point out one feature: the test version of the smart contract can be checked by blockchain enthusiasts and, if an error is found, the expert will be rewarded with tokens in the amount of 50,000. It seems to me that now anyone who understands even a little bit in the code of the smart contract, it will carefully review everything.