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

[nelsonwilliam]

I don't understand why the lottery is realted to the gambling sphere. What concepts this project wants to follow?

Everything that can cause fast flow of money instanty and easily with luck as the main component should be considered as gambling

I thought that only fortune games like dices, roulette or card games which are used in casinos should be named “gambling”

[1713861864]

1713861864

[1713861864]

1713861864

[1713861864]

1713861864

[1713861864]

1713861864

[nelsonwilliam]

I don't understand why the lottery is realted to the gambling sphere. What concepts this project wants to follow?

Everything that can cause fast flow of money instanty and easily with luck as the main component should be considered as gambling

I thought that only fortune games like dices, roulette or card games which are used in casinos should be named “gambling”

Gambling is the wagering of money or something of value on an event with an uncertain outcome with the primary intent of winning money or material goods.

It is good, but I cannot understand the difference between gambling and lottery, because gambling is prohibited by the law in some countries, but there are state lotteries

[nelsonwilliam]

I don't understand why the lottery is realted to the gambling sphere. What concepts this project wants to follow?

Everything that can cause fast flow of money instanty and easily with luck as the main component should be considered as gambling

I thought that only fortune games like dices, roulette or card games which are used in casinos should be named “gambling”

Gambling is the wagering of money or something of value on an event with an uncertain outcome with the primary intent of winning money or material goods.

It is good, but I cannot understand the difference between gambling and lottery, because gambling is prohibited by the law in some countries, but there are state lotteries

in some countries all these games are absolutely illegal, but it is allowed in some administrative regions

I haven’t ever heard anything like that and would be very glad if you provide any example

[nelsonwilliam]

The basis for the game will be a smart contract based on the blockchain ethereum, but how exactly will it be monitored, managed and maintained?

[nelsonwilliam]

The basis for the game will be a smart contract based on the blockchain ethereum, but how exactly will it be monitored, managed and maintained?

the point is that it will not support anything and it will work without any intervention from a third party.

But then how exactly the functionality of sending combinations will be implemented, how will the system record all participants? And in what form it will be presented.

[nelsonwilliam]

The basis for the game will be a smart contract based on the blockchain ethereum, but how exactly will it be monitored, managed and maintained?

the point is that it will not support anything and it will work without any intervention from a third party.

But then how exactly the functionality of sending combinations will be implemented, how will the system record all participants? And in what form it will be presented.

It is for these purposes that a special decentralized application will be released which will support all the functionality laid down in the smart contract.

That's what I asked, and what will this application be? Will it be a mobile version of this application or will it all be implemented via a web interface for versatility?

[nelsonwilliam]

And when exactly will it be presented? Or maybe there will be more detailed information about this application, I would like to see it. Perhaps there are some mockups or prototypes?

[nelsonwilliam]

And when exactly will it be presented? Or maybe there will be more detailed information about this application, I would like to see it. Perhaps there are some mockups or prototypes?

Dude, I don't know about the prototypes, I know, just that this application will be presented before the start of the first lottery, then we will be able to see and try it.

I just wonder how it will look, and I do not understand why so little information is available about it, I would like to know more about it.

[nelsonwilliam]

And what exactly are the rules of this game? How to play? I mean exactly what is required of the players to take part.

[hunterajah]

How this project is going to enter the market of China, i do not understand, plese explain me

Gambling in China is officially illegal under Chinese law. In practice, however, Chinese people can participate in state-run lotteries and engage in legal gambling in the special administrative regions of Hong Kong and Macau

[nelsonwilliam]

And what exactly are the rules of this game? How to play? I mean exactly what is required of the players to take part.

The rules of the game are similar to the most popular lottery in the world - Powerball, while the probability of winning the jackpot is increased many times due to the reduced number of possible combinations.

And what is the mechanics of the game, what are the combinations? I just do not understand exactly how it all works, and what exactly is a lottery ticket.

[hunterajah]

How this project is going to enter the market of China, i do not understand, plese explain me

Gambling in China is officially illegal under Chinese law. In practice, however, Chinese people can participate in state-run lotteries and engage in legal gambling in the special administrative regions of Hong Kong and Macau

Why is that? This regions have some special rules? Chinese legal system is very strict towrds gambling

Thier legal systems resemble those of European countries which formerly administered those regions

[nelsonwilliam]

And what exactly are the rules of this game? How to play? I mean exactly what is required of the players to take part.

The rules of the game are similar to the most popular lottery in the world - Powerball, while the probability of winning the jackpot is increased many times due to the reduced number of possible combinations.

And what is the mechanics of the game, what are the combinations? I just do not understand exactly how it all works, and what exactly is a lottery ticket.

Okay, it's simple. To take part you need to send a certain number of tokens that go to the jackpot fund, then you need to decide on the combination and indicate this together with the transfer.

So what will happen next? When I can find out whether I won or not, and the likelihood that I will win, it will depend on the number of participants in the lottery, right?

[nelsonwilliam]

I also do not quite understand the winner will be one in the end? or will there be several winners? And what will happen if several players indicate the winning combination?

[hunterajah]

How this project is going to enter the market of China, i do not understand, plese explain me

Gambling in China is officially illegal under Chinese law. In practice, however, Chinese people can participate in state-run lotteries and engage in legal gambling in the special administrative regions of Hong Kong and Macau

Why is that? This regions have some special rules? Chinese legal system is very strict towrds gambling

Thier legal systems resemble those of European countries which formerly administered those regions

this is very uncommon situation, I think that it can lead to complete repeal of this prohibition act

May be all the thing (I mean the gambling sphere) will become more clear and trnsparent and it will change the law

[nelsonwilliam]

I also do not quite understand the winner will be one in the end? or will there be several winners? And what will happen if several players indicate the winning combination?

If several people indicate the winning combination, then the jackpot goes to the one who did it first, the blockchain will record the exact time of participation.

In principle, this is logical, but how exactly will this winning combination be generated? What exactly will it depend on?

[nelsonwilliam]

And what will happen if all of a sudden the winners of those who have indicated the only correct combination do not turn out? Who will then get the jackpot?

[nelsonwilliam]

And what will happen if all of a sudden the winners of those who have indicated the only correct combination do not turn out? Who will then get the jackpot?

As far as I understand, if in the system there was not a single participant who indicated the correct combination for winning the jackpot, then the participants are playing who have indicated a close combination to the winning one.

This is interesting, but it’s still the blockchain, and here it has its own interesting moments, peculiar to the blockchain, and I don’t quite understand how the horses allowed it.

[nelsonwilliam]

And what will happen if all of a sudden the winners of those who have indicated the only correct combination do not turn out? Who will then get the jackpot?

As far as I understand, if in the system there was not a single participant who indicated the correct combination for winning the jackpot, then the participants are playing who have indicated a close combination to the winning one.

This is interesting, but it’s still the blockchain, and here it has its own interesting moments, peculiar to the blockchain, and I don’t quite understand how the horses allowed it.

what exactly are you talking about? In my opinion, the conditions of the lottery were spelled out as well as possible and there are no dirty tricks.

Suppose the winner gets the jackpot, that if the jackpot bank is more than 70% of active tokens, it will destabilize the system, am I not right?

[nelsonwilliam]

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