I have long known that such a project will definitely appear on the market of crypto projects. Because this area has long needed modernization, as constant deception has bothered users
Topic: [ANN][ICO]CLOSING THE PROJECT[NEOGAME.IO] - page 7. (Read 11051 times)
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.
Everything is exactly as you say, yes. What confuses you in this case? In my opinion, this is extremely clear and logical logic of work, isn't it? one old friend of mine told me that several factors are important to ensure that the price of tokens is guaranteed to increase. And it should be described in white paper. What can you say about this?
here the demand for tokens will be. I guarantee this to you. To be sure of this, you need to be at least a little connected with the gambling business. Since, given the relevance of this project, there will be many interested participants. Add to this the formation of a jackpot through investment, and there will be even more.Neogame will not make a profit and, therefore, the profit of the owners of the tokens will depend only on the growth of the value of the token, which is used in the logic of the project.
It goes without saying. The more users and investors are interested in the project, the higher the cost of the token with which they work
one old friend of mine told me that several factors are important to ensure that the price of tokens is guaranteed to increase. And it should be described in white paper. What can you say about this?
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.
I do not even know how to answer on this question, because it is a bit ridiculous. May be your country just wants less people to be involved in this activity. For example, 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 exampleNeogame will not make a profit and, therefore, the profit of the owners of the tokens will depend only on the growth of the value of the token, which is used in the logic of the project.
It goes without saying. The more users and investors are interested in the project, the higher the cost of the token with which they workit is noteworthy that in addition to the great opportunities to win, NeoGame also provides a forced distribution of the jackpot. Only here there are some difficulties: since the volume of tokens is very limited (this is only 500 million pieces), it is not necessary to allow the majority of tokens to be in the system.
why should this not be allowed? According to my assumptions, the entire prize pool will be equally distributed to all participants in the lottery. I have no other guesswork ...Neogame will not make a profit and, therefore, the profit of the owners of the tokens will depend only on the growth of the value of the token, which is used in the logic of the project.
It goes without saying. The more users and investors are interested in the project, the higher the cost of the token with which they workit is noteworthy that in addition to the great opportunities to win, NeoGame also provides a forced distribution of the jackpot. Only here there are some difficulties: since the volume of tokens is very limited (this is only 500 million pieces), it is not necessary to allow the majority of tokens to be in the system.
why should this not be allowed? According to my assumptions, the entire prize pool will be equally distributed to all participants in the lottery. I have no other guesswork ... I do not even know how to answer on this question, because it is a bit ridiculous. May be your country just wants less people to be involved in this activity. For example, 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
yes, you are absolutely right. The reason for the greater likelihood of winning the jackpot is simple: this is a reduced number of possible combinations. The only thing that I do not want to understand in detail the intricacies of generating numbers. It is enough for me that the source of random variables for the drawings is the Ethereum network hash.
Neogame will not make a profit and, therefore, the profit of the owners of the tokens will depend only on the growth of the value of the token, which is used in the logic of the project.
It goes without saying. The more users and investors are interested in the project, the higher the cost of the token with which they work
Neogame will not make a profit and, therefore, the profit of the owners of the tokens will depend only on the growth of the value of the token, which is used in the logic of the project.
of course, it is. The only way to get tokens from a smart contract is to participate in the draw. Considering that they are held weekly, you have a high probability of getting this jackpot, having guessed the winning combination.
tell me how accurately I understood the lottery algorithm and correct me where it is needed. You must first purchase a lottery ticket, the role of which is performed by the token. Then send it to the system, and you must specify a combination of numbers. By this you confirm that you are participating in the draw. did I say all right?
of course, it is. The only way to get tokens from a smart contract is to participate in the draw. Considering that they are held weekly, you have a high probability of getting this jackpot, having guessed the winning combination.
I don't understand why the lottery is considered as gambling. At all, how all this thing will look?
Everything that can bring you instant and easy money with luck as the most essential component should be considered as gamblingThis project aims to change the principles of games throughout the industry. I have long believed that this area requires changes in the direction of improving the process of monitoring transactions.
Agreed, at the moment it is almost impossible to know how many people have become participants and what a real jackpot is collected. Casino owners have the right to decide which part to take for themselves.agree. But in this case, as I understand it, a completely different algorithm is used. More precisely, it uses a smart contract, which spelled out the entire algorithm of the lottery process. he is also responsible for the winnings, if I am not mistaken.
you're not mistaken. Here, by the way, the answer to your question regarding the non-profit model. This means that the algorithm, which is registered in the smart contract, is honest and provides for making profit only for the participants. There are no organizers here, therefore, the profit will be distributed only between the participants. it's great, right? 
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