Al Muhaimin: Neogame Will Function Using Ticket Tokens (TKT) As Both Lottery Tickets And Prize Fund Currency.

This project is designed to disrupt the for-profit model of gambling
We 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 rights
The 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 Mission

Gambling 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.

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.

Competition
Here 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 owners	State owned	State owned	Mixed private and state	Mixed private and state
Ticket Price	Fluctuating exchange rate	$2	$2	€2.5	€2
Winning Odds	1:40,044,564	1:292,201,338	1:258,000,000	1:139,838,160	1:95,344,200
Prize Claim	Immediately	180 days to several years. Lump sum discount 36.4%	180 days to several years. Lump sum discount 36.6%	90 days	60 days
	Whitepaper