[ANN][ICO]CLOSING THE PROJECT[NEOGAME.IO] - page 12.

Neogame

copper member

Activity: 51

Merit: 0

Quote from: Nightz on November 12, 2018, 07:50:00 PM

Quote from: Neogame on November 09, 2018, 10:31:56 AM

Quote from: Nightz on November 08, 2018, 05:43:38 PM

Quote from: datans99 on November 02, 2018, 10:50:46 AM

I understand that at the initial stage, the buyback will help fill the jackpot fund, as well as stimulate the growth of the token. But this will be only once and the lottery will be held regularly and managed by a smart contract.

How can buybacks be done if this project is meant to operate as a nonprofit business?

The most of the amount raised during ICO (about 90%) will be spent for the first Ticket token buyback. This will form the initial jackpot

You first sell tickets to launch the project and then you use 90% of the money to buy back the tickets? I am confused.

That's a very right question to ask and you can find everything in the Whitepaper:
"To form the initial prize fund, tokens will be purchased back from holders, and all funds collected in the token sale, minus funds allocated for development and promotion, will be channeled towards this.

The buyback will start a month before the first Neogame draw, and will continue until all funds are spent.

We expect token buyback to significantly influence the TKT exchange rate, which will lead to an increase in the value of the prize pool, which may be many times higher than the sum of the funds spent on its formation, and the tokens that remain in circulation.

In this way, Neogame can create one of the largest jackpots in the history of lotteries."

The link to the Whitepaper: https://neogame.io/wp-content/uploads/2018/09/Neogame_eng_10Sep18.pdf

Nightz

hero member

Activity: 1316

Merit: 504

Quote from: Neogame on November 09, 2018, 10:31:56 AM

Quote from: Nightz on November 08, 2018, 05:43:38 PM

Quote from: datans99 on November 02, 2018, 10:50:46 AM

I understand that at the initial stage, the buyback will help fill the jackpot fund, as well as stimulate the growth of the token. But this will be only once and the lottery will be held regularly and managed by a smart contract.

How can buybacks be done if this project is meant to operate as a nonprofit business?

The most of the amount raised during ICO (about 90%) will be spent for the first Ticket token buyback. This will form the initial jackpot

You first sell tickets to launch the project and then you use 90% of the money to buy back the tickets? I am confused.

Neogame

copper member

Activity: 51

Merit: 0

Quote from: Nightz on November 08, 2018, 05:43:38 PM

Quote from: datans99 on November 02, 2018, 10:50:46 AM

I understand that at the initial stage, the buyback will help fill the jackpot fund, as well as stimulate the growth of the token. But this will be only once and the lottery will be held regularly and managed by a smart contract.

How can buybacks be done if this project is meant to operate as a nonprofit business?

The most of the amount raised during ICO (about 90%) will be spent for the first Ticket token buyback. This will form the initial jackpot

Nightz

hero member

Activity: 1316

Merit: 504

Quote from: datans99 on November 02, 2018, 10:50:46 AM

I understand that at the initial stage, the buyback will help fill the jackpot fund, as well as stimulate the growth of the token. But this will be only once and the lottery will be held regularly and managed by a smart contract.

How can buybacks be done if this project is meant to operate as a nonprofit business?

Neogame

copper member

Activity: 51

Merit: 0

Quote from: Lunaluk on November 03, 2018, 02:09:56 AM

Neogame, I want to believe that there is justice in the world and people will cease to be deceived. This is a good offer for both investors and players. I wonder what the coin looks like, is there a sketch?

Hi, thanks for your comment

We have a logo of Ticket Token, so you'll be able to recognize it among other tokens Wink

See below

Lunaluk

member

Activity: 240

Merit: 10

Neogame, I want to believe that there is justice in the world and people will cease to be deceived. This is a good offer for both investors and players. I wonder what the coin looks like, is there a sketch?

dorabuckest

jr. member

Activity: 108

Merit: 1

This is a very interesting and thought-provoking very smart for us to follow, I thought this would be a project and also the idea that will continue to evolve.

Billy The Kid

newbie

Activity: 14

Merit: 0

Quote from: datans99 on November 02, 2018, 02:16:20 PM

Quote from: Billy The Kid on November 02, 2018, 02:12:44 PM

for me this is unnecessary information now. On this issue, I completely trust the developers: I am sure that they will not merge! What is more important for me is that the project really be useful for society and help people with low incomes to win. And given that the draws are held every week, you can count on NeoGame to be able to help many.

the main thing is that this should not be to the detriment of those who are already dependent on gambling. You know, the more profitable the conditions to offer the player, the more comfortable and convenient it will be to play.

I agree. But nevertheless, if you start from this, NeoGame will be able to contribute to the development of a cryptocurrency market and the entry of the gambling business to a new level.

datans99

newbie

Activity: 28

Merit: 0

Quote from: Billy The Kid on November 02, 2018, 02:12:44 PM

for me this is unnecessary information now. On this issue, I completely trust the developers: I am sure that they will not merge! What is more important for me is that the project really be useful for society and help people with low incomes to win. And given that the draws are held every week, you can count on NeoGame to be able to help many.

the main thing is that this should not be to the detriment of those who are already dependent on gambling. You know, the more profitable the conditions to offer the player, the more comfortable and convenient it will be to play.

Billy The Kid

newbie

Activity: 14

Merit: 0

for me this is unnecessary information now. On this issue, I completely trust the developers: I am sure that they will not merge! What is more important for me is that the project really be useful for society and help people with low incomes to win. And given that the draws are held every week, you can count on NeoGame to be able to help many.

datans99

newbie

Activity: 28

Merit: 0

Quote from: Billy The Kid on November 02, 2018, 02:04:44 PM

Quote from: datans99 on November 02, 2018, 02:00:10 PM

I forgot about one very important detail. Another factor in favor of the growth of tokens is their buyback. His appointment, as I understand it, is necessary for the formation of the initial prize pool. By the way, do you know about the division of target costs when allocating funds into 2 groups? In the second group there is just the redemption of tokens.

heard about the buyback. It can also affect the rise in the cost of tokens. I did not hear about the division of target costs into 2 groups, but I assume that funds from the first group will be available after the end of the sale of tokens, and the second one will be frozen. I have already seen such a scheme in another project.

in general, you are right. The funds of group 1 include the total costs of software development, listing of tokens on the stock exchange, as well as legal services and marketing. The size is provided from 2 to 8 thousand ETH.

Billy The Kid

newbie

Activity: 14

Merit: 0

Quote from: datans99 on November 02, 2018, 02:00:10 PM

I forgot about one very important detail. Another factor in favor of the growth of tokens is their buyback. His appointment, as I understand it, is necessary for the formation of the initial prize pool. By the way, do you know about the division of target costs when allocating funds into 2 groups? In the second group there is just the redemption of tokens.

heard about the buyback. It can also affect the rise in the cost of tokens. I did not hear about the division of target costs into 2 groups, but I assume that funds from the first group will be available after the end of the sale of tokens, and the second one will be frozen. I have already seen such a scheme in another project.

datans99

newbie

Activity: 28

Merit: 0

I forgot about one very important detail. Another factor in favor of the growth of tokens is their buyback. His appointment, as I understand it, is necessary for the formation of the initial prize pool. By the way, do you know about the division of target costs when allocating funds into 2 groups? In the second group there is just the redemption of tokens.

Billy The Kid

newbie

Activity: 14

Merit: 0

Quote from: datans99 on November 02, 2018, 01:52:48 PM

Quote from: Billy The Kid on November 02, 2018, 01:48:04 PM

Quote from: datans99 on November 02, 2018, 01:44:23 PM

I now thought about the benefits of growth drivers: if these methods really work, then the cost of the token will exceed the average cost of a regular lottery ticket. On the one hand, this should be regarded as a good indicator, but on the other ... will there be a large number of interested participants?

despite the difficult predictions, the developers hope for a successful outcome of the drivers. The fact that the price of the token will increase will only stir up the interest of the participants in the project, since, with its favorable conditions and beneficial benefits, the price increase would be expected.

what can be said about tokensale then? Based on your considerations, tokensail NeoGame will not provide discounts and bonuses, which cannot be said about other projects in which early buyers are offered more favorable terms of participation than all the rest.

it is quite right, I already know that there are no discounts and bonus tokens. Moreover, this tokensale will be held even without presales. Tokens will be for everyone at the same price. In principle, I believe that this is true.

datans99

newbie

Activity: 28

Merit: 0

Quote from: Billy The Kid on November 02, 2018, 01:48:04 PM

Quote from: datans99 on November 02, 2018, 01:44:23 PM

I now thought about the benefits of growth drivers: if these methods really work, then the cost of the token will exceed the average cost of a regular lottery ticket. On the one hand, this should be regarded as a good indicator, but on the other ... will there be a large number of interested participants?

despite the difficult predictions, the developers hope for a successful outcome of the drivers. The fact that the price of the token will increase will only stir up the interest of the participants in the project, since, with its favorable conditions and beneficial benefits, the price increase would be expected.

what can be said about tokensale then? Based on your considerations, tokensail NeoGame will not provide discounts and bonuses, which cannot be said about other projects in which early buyers are offered more favorable terms of participation than all the rest.

Billy The Kid

newbie

Activity: 14

Merit: 0

Quote from: datans99 on November 02, 2018, 01:44:23 PM

I now thought about the benefits of growth drivers: if these methods really work, then the cost of the token will exceed the average cost of a regular lottery ticket. On the one hand, this should be regarded as a good indicator, but on the other ... will there be a large number of interested participants?

despite the difficult predictions, the developers hope for a successful outcome of the drivers. The fact that the price of the token will increase will only stir up the interest of the participants in the project, since, with its favorable conditions and beneficial benefits, the price increase would be expected.

datans99

newbie

Activity: 28

Merit: 0

I now thought about the benefits of growth drivers: if these methods really work, then the cost of the token will exceed the average cost of a regular lottery ticket. On the one hand, this should be regarded as a good indicator, but on the other ... will there be a large number of interested participants?

Billy The Kid

newbie

Activity: 14

Merit: 0

as a confirmation of this and some example, you can bring ETH. As a result of its small use for its intended purpose (less than 1%, it was payment for transactions and services in the network), its value as an investment asset increased.

datans99

newbie

Activity: 28

Merit: 0

Quote from: Billy The Kid on November 02, 2018, 01:32:10 PM

Quote from: datans99 on November 02, 2018, 01:28:17 PM

Quote from: Billy The Kid on November 02, 2018, 01:24:18 PM

I read the drivers. By the way, the forced distribution of the jackpot refers to random drivers, since their frequency cannot be tracked in advance, and they are not cyclical. The same driver also includes lost tokens that have been forgotten by users or left on wallets to which they have lost access.

since you already know about drivers everything that is possible, tell me, how high is the probability that they will be effective? More precisely, how influential will these methods be?

everything is simple. Please note that NeoGame is a game with a small amount of asset that has significant changes in the volume of supply. So, due to this, the susceptibility to the influence of the described growth drivers must be extremely high, and the rate fluctuations are significant.

I agree, this is true. Also note the following: TKT tokens have a certain level of sensitivity to driver influence. And this is an important difference between them from most of the cryptocurrencies available on the market: in anticipation of a large amount of use by their system.

Billy The Kid

newbie

Activity: 14

Merit: 0

Quote from: datans99 on November 02, 2018, 01:28:17 PM

Quote from: Billy The Kid on November 02, 2018, 01:24:18 PM

I read the drivers. By the way, the forced distribution of the jackpot refers to random drivers, since their frequency cannot be tracked in advance, and they are not cyclical. The same driver also includes lost tokens that have been forgotten by users or left on wallets to which they have lost access.

since you already know about drivers everything that is possible, tell me, how high is the probability that they will be effective? More precisely, how influential will these methods be?

everything is simple. Please note that NeoGame is a game with a small amount of asset that has significant changes in the volume of supply. So, due to this, the susceptibility to the influence of the described growth drivers must be extremely high, and the rate fluctuations are significant.

Topic: [ANN][ICO]CLOSING THE PROJECT[NEOGAME.IO] - page 12. (Read 11112 times)